Onchain Highlights DEFINITION: The MVRV Z-Score evaluates whether Bitcoin is overvalued or undervalued relative to its “fair value”. Instead of using a traditional z-score method, the MVRV Z-Score uniquely compares the market value to the realized value. When the market value, measured as network valuation by spot price multiplied by supply, is significantly higher than […]
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Early 2024 MVRV Z-Score spike signaled possible correction phase for Bitcoin