The MVRV Z-score reached -3.38 in the first week of February. The previous two cycle bottoms saw readings of -1.6 and -1.4, respectively.The MVRV Z-score reached -3.38 in the first week of February. The previous two cycle bottoms saw readings of -1.6 and -1.4, respectively.

Undervalued but structurally weak: Bitcoin’s current cycle paradox

2026/02/28 09:00
1 min read
Undervalued but structurally weak: Bitcoin’s current cycle paradoxThe MVRV Z-score reached -3.38 in the first week of February. The previous two cycle bottoms saw readings of -1.6 and -1.4, respectively.
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