Analysis: Bitcoin’s MVRV Z-Score falls to a multi-year low, with the market entering an undervalued territory but not yet completing bottoming out.

1 hours ago

Crypto Quant analyst Axel Adler Jr noted in a post that Bitcoin’s valuation metric, the MVRV Z-Score, has dropped to a multi-year low but remains above negative territory, signaling the market is undervalued rather than in the full capitulation phase typical of a cycle bottom. Data shows BTC’s MVRV Z-Score is currently around 0.42, far below its historical average of 1.7, and has hovered near zero for 30 consecutive days. Since the end of 2025, the metric has trended downward, hitting a phase low of roughly 0.185 on June 30, but has not entered negative territory which would indicate widespread selling. Meanwhile, BTC’s 7-day realized profit/loss metric has turned positive, standing at approximately +$239 million. For most of the prior month, this metric was negative: losses hit $8.5 billion in June, and a weekly loss of around $3 billion was recorded in mid-July. The rebound in realized profit/loss shows selling pressure is easing, but the MVRV Z-Score has yet to break below zero to trigger capitulation selling, meaning the market is currently closer to an “undervalued + stabilizing” phase rather than a confirmed cycle bottom. If the MVRV Z-Score later rebounds toward its historical average of 1.7 and realized profit/loss stays positive, this could signal a market upturn; conversely, a drop below the June low of 0.185 and entry into negative territory would likely indicate a new round of pressure release.

Source

Add to Favorites Download image Share x Copy link

Relevant content

The user is asking me to write a headline for a Lookonchain tweet. The tweet describes: - A mysterious whale buying ETH - 3 newly created wallets (likely same whale) - Spent 50.04M DAI to buy 25,425 ETH - Average price: $1,968 Requirements: - Max 120 characters - Keep tickers ($ETH, $DAI), key amounts and names - Concise English news headline - No quotes, no hashtags, no trailing period - ONLY output the headline Key elements to include: - Whale (mysterious/unknown) - $ETH (ticker) - Amount: 25,425 $ETH or 50.04M $DAI - Action: buying/purchased Let me craft concise options and count characters: Option 1: "Mysterious whale buys 25,425 $ETH with 50.04M $DAI across 3 wallets" - Length: 68 characters ✓ Option 2: "Whale purchases 25,425 $ETH spending 50.04M $DAI via 3 new wallets" - Length: 67 characters ✓ Option 3: "Unknown whale spends 50.04M $DAI to acquire 25,425 $ETH" - Length: 56 characters ✓ Option 4: "Mysterious whale buys 25,425 $ETH for 50.04M $DAI" - Length: 50 characters ✓ I think Option 1 or 2 are best - they include the key detail about 3 wallets which adds to the story. Option 1 is cleaner. Let me verify it has no forbidden elements: - No quotes ✓ - No hashtags ✓ - No trailing period ✓ - Includes tickers ✓ - Includes key amounts ✓ Mysterious whale buys 25,425 $ETH with 50.04M $DAI across 3 wallets

A mysterious whale is buying $ETH! Over the past 2 hours, 3 newly created wallets (likely belonging to the same whale) spent 50.04M $DAI to buy 25,425 $ETH at an average price of $1,968.

22 minutes ago

Three new wallets suspected to belong to the same whale bought over $50 million worth of ETH.

According to Lookonchain’s monitoring, three newly created wallets, likely belonging to the same large whale, spent 50.04 million DAI to buy 25,425 Ethereum at an average price of $1,968 per ETH over the past two hours.

22 minutes ago

Brent crude oil plunged 7.71% intraday.

According to Bitget's market data, Brent crude oil has fallen below $86 per barrel, plunging 7.71% intraday.

22 minutes ago

A crypto whale spent approximately 35.85 million DAI to buy 18,030 ETH about 40 minutes ago.

According to EmberCN's monitoring, a crypto whale bought 18,030 ETH on-chain approximately 40 minutes ago using 35.85 million DAI, at an average price of $1,988.

22 minutes ago

Analysis: The US stock market bubble could exceed the level seen in 1929, the S&P 500 may face an extreme correction, and gold and silver have become safe-haven assets.

Senior macroeconomist and Goldmoney Head of Research Alasdair Macleod has warned that the current valuation bubble in U.S. stocks may have exceeded the level seen on the eve of the 1929 Great Depression, and financial markets are facing the risk of an "ultimate total crash." Macleod noted that imbalances in the U.S. Treasury market, reduced allocations by overseas buyers, and rising U.S. debt pressure could push Treasury yields higher, ultimately weighing on U.S. stock valuations. He argued that if market confidence reverses, the S&P 500 could face a value drawdown of more than 90%. The U.S. debt pile continues to rise, and the country may face $10 trillion to $11 trillion in financing and refinancing pressures over the next 12 months. With fewer buyers for U.S. Treasuries, the Federal Reserve may be forced to expand its balance sheet and print money to stabilize markets, further eroding the purchasing power of fiat currencies. Macleod believes modern financial assets are inherently dependent on credit systems; stocks, bank deposits, and U.S. dollar cash all carry counterparty risk to some degree, while gold and silver, as physical assets not reliant on government credit, could serve as safe-haven choices in extreme financial risk environments.

22 minutes ago

Liang Wenfeng's 827 million yuan unrealized profit from Changxin Technology's IPO subscription trended on Weibo's hot search list.

The news "Liang Wenfeng’s new share subscription for Changxin Technology yields 827 million yuan in paper profit" has landed on Weibo’s trending searches, currently ranking 15th. It is reported that Liang Wenfeng, founder of DeepSeek, participated in Changxin Technology’s IPO subscription through his private fund, with the related products generating an estimated 827 million yuan in unrealized paper profit on the stock’s first trading day. 153 funds under Ningbo Magic Quant and 41 funds under Zhejiang Nine Chapters Asset Management were on Changxin Technology’s IPO inquiry list. Changxin Technology’s share price surged sharply on its first listing day. Based on its allocated shares and first-day trading price, market estimates put the paper profit of Liang Wenfeng’s relevant private fund products at around 827 million yuan. This gain is an unrealized paper profit from fund holdings, not a realized gain for Liang Wenfeng personally.

22 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27