<div id="readability-page-1" class="page"><div>The Bitcoin price displayed a staggering show of bearish pressure over the week. As the premier cryptocurrency lost its footing around the $84,000 support level, it entered a slippery slide, reaching approximately $60,000. Currently, the market is in recovery mode, with its price rising again to $70,000. Interestingly, a recent on-chain evaluation has emerged, lending more credence to expectations of a price rebound. MVRV Data Reveals Bitcoin Market Is Under ‘Severe Stress’In a QuickTake post on CryptoQuant, popular market analyst Darkfost postulates that the recent Bitcoin price action has given an apparently strong buy signal. This is based on data from the Bitcoin: MVRV Percentile – Current Cycle (0-100%) indicator. For context, this metric shows where Bitcoin’s current MVRV ratio ranks in the ongoing cycle, relative to all past values. This serves as a means to identify whether the market is historically undervalued or overheated.According to Darkfost, the MVRV sits within the 0 to 10 % percentile. This is a notably low level for the present Bitcoin cycle, seeing as the MVRV has held higher levels than the current value for more than 90% of this cycle’s period.<figure></figure>Practically, readings around this level indicate that the majority of Bitcoin holders are doing so with minimal unrealized profits, or even outright losses, compared to their cost bases. This is often a telltale sign that the Bitcoin market has experienced a period of extreme stress, accompanied by multiple liquidations and investor exhaustion. However, this period is only part of a broader cyclical trend. Darkfost explains that the Bitcoin market (like other big assets) tends to enter overheated phases, followed by corrections, and then overstressed phases, which have often preceded bullish recoveries.Notably, transitions out of the 0–10% MVRV range have often been followed by price stabilization and eventual upwards movement. On the other hand, the 90% zone often represents overheated market conditions, which precedes heavy profit-taking activity and subsequent correction. Although MVRV data alone does not singularly confirm that the Bitcoin price would achieve a full-scale recovery, it indicates strong potential for a positive momentum boost to reclaim key valuation levels. Bitcoin Price Overview As of press time, Bitcoin trades for approximately $67,855. According to CoinMarketCap data, the world’s leading cryptocurrency has recovered by more than 4.00% over the past 24 hours. Meanwhile, the daily trading volume is down by 38.16% and valued at $88.37 billion. </div></div>

Bitcoin has experienced significant bearish pressure, dropping from around $84,000 to approximately $60,000, but has recently recovered to $70,000. An analysis by market analyst Darkfost indicates that Bitcoin's MVRV is currently in the 0-10% range, suggesting that most holders are at minimal profit or losses. This low MVRV level often signals extreme market stress but may precede bullish recoveries. As of now, Bitcoin is trading at about $67,855, having recovered over 4% in the last 24 hours, despite a decline in daily trading volume by 38.16%.

- Bitcoin experienced significant bearish pressure, falling from approximately $84,000 to $60,000, but has recently bounced back to around $70,000.  
- Analyst Darkfost highlighted that Bitcoin's MVRV is currently in the 0 to 10% percentile, suggesting the market is under severe stress, often a precursor to bullish recovery phases.  
- As of now, Bitcoin is trading at about $67,855, reflecting a 4.00% increase in the last 24 hours, despite a drop in daily trading volume.

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Bitcoin MVRV Falls Into 0–10% Zone — Is A Recovery Underway?