Bitcoin is testing resistance near $72,000, with CryptoQuant's latest report indicating that its 365-day MVRV ratio has declined significantly to levels seen after the FTX collapse at the end of 2022. Historically, such depressed MVRV readings often signal strong price rebounds, such as Bitcoin's approximately 67% gain within three months following its 2022 low. While current conditions differ due to macroeconomic factors and increased institutional participation, analysis suggests that valuation compression may mark a critical phase in assessing Bitcoin's long-term trajectory.

BTC-1.75%

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