#BTC $60k This wave saw the Bitcoin median MVRV drop to a low of 1.008. It's worth noting that during the $17.6k wave in 2022, this indicator dropped to a low of 0.998. ━━━━━━━━━━━━━━ 📑 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲 | Indicator Explained ━━━━━━━━━━━━━━ Bitcoin Median MVRV (Median MVRV) = Current Market Price / Median Realized Price Median Realized Price: This is the median price of all Bitcoin tokens at the time of their last on-chain movement (half of Bitcoin moved above this price; half moved below this price). Unlike the average, it takes the median value, making it more resistant to extreme values (such as large whale trades), and represents the acquisition cost of the "median" (currently, the median realized price is $62,449). The Median MVRV captures the perspective of retail or mid-sized holders better than the Standard MVRV because it ignores extreme large/small values. Median MVRV > 1: Market price is higher than the median acquisition price, suggesting the asset may be overvalued, holders have unrealized profits, and potential selling pressure is increasing. Median MVRV < 1: Market price is lower than the median acquisition price, suggesting undervaluation, many holders are at a loss, potentially attracting buying or accumulation.