CryptoQuant: BTC’s MVRV has dropped to 1.1, approaching the historically low valuation range.

TechFlow News, June 8: CryptoQuant analyst Crypto Dan noted that Bitcoin’s MVRV is currently at 1.1, approaching the historically significant low-valuation range that has marked major market bottoms. If the price further declines to the $50,000 level, the MVRV may reach the fully undervalued threshold of 1.0. Historical data shows this level appeared at the bottom of bear markets in 2015, 2019, and 2022—each time serving as the starting point for a strong medium- to long-term rebound.