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Bitcoin MVRV falls below 30th percentile after $87K price rejection
Bitcoin's market value to realized value (MVRV) ratio has moved back under its historical 30th percentile. The decline followed a price rejection near $87,000. Analysts interpret the metric as indicating the asset is in accumulation territory. The observation was reported by Darkfost. The metric is used to assess whether Bitcoin is over- or undervalued relative to its realized price.