Bitcoin stuck in bearish zone: 15% below fair value

The price of the leading cryptocurrency remains 15% below its true average market value of $77,200. According to analysts at Glassnode , on-chain metrics point to a continuation of the bearish trend. Short-term holders have not yet broken even. The MVRV ratio for this group rose from 0.81 to 0.9 but remains below the critical level of 1. On average, the coins were bought at $72 […]

Source: CryptoTech