{"id":73727,"date":"2026-06-08T12:52:50","date_gmt":"2026-06-08T12:52:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/is-bitcoin-bottoming-mvrv-falls-to-1-1-entering-the-cheap-zone-that-marked-every-major-low-since-2018\/"},"modified":"2026-06-08T12:52:50","modified_gmt":"2026-06-08T12:52:50","slug":"is-bitcoin-bottoming-mvrv-falls-to-1-1-entering-the-cheap-zone-that-marked-every-major-low-since-2018","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/is-bitcoin-bottoming-mvrv-falls-to-1-1-entering-the-cheap-zone-that-marked-every-major-low-since-2018\/","title":{"rendered":"Is Bitcoin Bottoming? MVRV Falls to 1.1, Entering the &#8216;Cheap Zone&#8217; That Marked Every Major Low Since 2018"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin\u2019s MVRV ratio fell to 1.1, its lowest since March 2023, signaling deep undervaluation.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Readings near this level preceded a roughly 67% rally after the 2022 FTX collapse.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Cryptoquant warns this cycle differs, so a bottom is not guaranteed despite cheap valuations.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">A Reading Not Seen Since 2023<\/span><\/h2>\n<p><span style=\"font-weight:400\">Cryptoquant analysts noted that<\/span><span style=\"font-weight:400\"> <span>bitcoin<\/span>\u2019s MVRV ratio has dropped to about 1.1, sitting just above the green undervaluation band that has historically marked major market bottoms. <\/span><span style=\"font-weight:400\">MVRV measures the ratio between <span>bitcoin<\/span>\u2019s market value and its realized value or <\/span><span style=\"font-weight:400\">roughly, the price paid for all coins the last time they moved. <\/span><\/p>\n<p><span style=\"font-weight:400\">A reading below 1 means the average holder is underwater, a condition that tends to appear only during deep capitulation. At 1.1, <span>bitcoin<\/span> is brushing that threshold for the first time since March 2023, when prices hovered <\/span><span style=\"font-weight:400\">near the $20,000 mark<\/span><span style=\"font-weight:400\">.<\/span><\/p>\n<figure id=\"attachment_821184\" aria-describedby=\"caption-attachment-821184\" style=\"width:1146px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-821184\" class=\"wp-caption-text\"> <span>Bitcoin<\/span>\u2019s MVRV ratio has slipped to 1.1, suggesting a potential bottom, per Cryptoquant<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">Past episodes of depressed MVRV readings have often preceded strong recoveries. For instance, after the market stress that followed the collapse of FTX in late 2022, <span>bitcoin<\/span> entered a similar valuation zone and then <\/span><span style=\"font-weight:400\">rallied roughly 67%<\/span><span style=\"font-weight:400\"> over the next three months.<\/span><\/p>\n<p><span style=\"font-weight:400\">That said, some markers look even more extreme than the one above, as the <\/span><span style=\"font-weight:400\">MVRV Z-score (<\/span><span style=\"font-weight:400\">a related gauge that adjusts for <span>volatility<\/span>) fell toward levels lower than those seen at previous bottoms in 2015, 2018, 2020, and 2022. Together, the readings suggest valuations are unusually compressed (at least in relation to past cycles).<\/span><\/p>\n<p><span style=\"font-weight:400\">The signal lands as <span>bitcoin<\/span> has clawed back from <a href=\"https:\/\/news.bitcoin.com\/why-is-bitcoin-crashing-worst-week-of-2026-59100-low-and-more-than-half-of-all-btc-now-in-the-red\/\">lows of <\/a><\/span><span style=\"font-weight:400\">$59,000 before rebounding toward $64,000, albeit briefly. Moreover, <span>Bitcoin.com<\/span> News reported last week that more than half of all <span>BTC<\/span> in existence slipped into unrealized loss at its recent low, a condition that has accompanied every major bear-market bottom in <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>\u2019s history.<\/span><\/p>\n<h2><span style=\"font-weight:400\">A Cycle That Looks Different<\/span><\/h2>\n<p><span style=\"font-weight:400\">In a pertinent caveat, Cryptoquant analysts have cautioned that the current decline does not mirror past cycles cleanly because, unlike previous downturns, <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> did not first surge into a deeply overvalued zone before falling (meaning the usual round trip from euphoria to despair has not played out the same way).<\/span><\/p>\n<p><span style=\"font-weight:400\">That distinction matters for anyone treating MVRV as a timing tool since a low reading reflects compressed valuations, but it does not guarantee an immediate reversal. In other words, prices can stay cheap, or grow cheaper, if selling pressure persists. Analysts have separately warned of ongoing <\/span><a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2063905496453591420\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">distribution pressure from medium-term holders<\/span><\/a><span style=\"font-weight:400\">, a dynamic that could complicate any recovery.<\/span><\/p>\n<figure id=\"attachment_821190\" aria-describedby=\"caption-attachment-821190\" style=\"width:738px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-821190\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-enters-cheap-zone-as-mvrv-hits-1-1-a-level-that-marked-past-bottoms2_nwmk.jpg\" alt=\"Tweet from Cryptoquant discussing Bitcoin's distribution woes.\" width=\"738\" height=\"688\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-enters-cheap-zone-as-mvrv-hits-1-1-a-level-that-marked-past-bottoms2_nwmk-300x280.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/06\/bitcoin-enters-cheap-zone-as-mvrv-hits-1-1-a-level-that-marked-past-bottoms2_nwmk.jpg 738w\" sizes=\"auto, (max-width: 738px) 100vw, 738px\"\/><figcaption id=\"caption-attachment-821190\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">Valuation models like MVRV are best read as context rather than triggers. They tell investors when risk and reward have historically tilted in buyers\u2019 favor, not when the bottom will arrive.<\/span><\/p>\n<p><span style=\"font-weight:400\">Looking ahead, the cheap-zone reading adds to a growing list of bottoming signals (from <\/span><a href=\"https:\/\/news.bitcoin.com\/bitcoin-holds-above-59-1k-low-as-short-term-charts-signal-oversold-bounce-setup\/\"><span style=\"font-weight:400\">oversold momentum gauges<\/span><\/a><span style=\"font-weight:400\"> to more than half of <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>\u2019s supply underwater) that have accumulated during <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>\u2019s slide. Whether they mark a durable floor will depend on the macro and geopolitical forces that drove the sell-off, including U.S. rate expectations and <a href=\"https:\/\/news.bitcoin.com\/bitcoin-surges-64k-trump-netanyahu-iran-deal\/\">Middle East tensions<\/a>.<\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoin-mvrv-1-1-cheap-zone-market-bottom\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin\u2019s MVRV ratio fell to 1.1, its lowest since March 2023, signaling deep undervaluation. Readings near this level preceded a roughly 67% rally after the 2022 FTX collapse. Cryptoquant warns this cycle differs, so a bottom is not guaranteed despite cheap valuations. A Reading Not Seen [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":73728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73727"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73727"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73728"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}