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Bitcoin's MVRV Z-Score Falls to 0.32 After 22 Days of Realized Losses

GateNews
On-Chain Data
BTC-2.92%
According to CryptoQuant analyst Axel Adler Jr., on June 9, Bitcoin's MVRV Z-Score fell to 0.32, significantly below the historical average of 1.71, indicating valuation has cooled substantially and premium has nearly been washed out. The metric reflects 22 consecutive days of realized net losses, meaning transactions at lower prices than purchase points continue to dominate as holders exit at losses. Bitcoin's realized net losses peaked at $1.2 billion on June 6 and have since narrowed to approximately $1.1 billion, roughly half of the extreme 2022 surrender level of $2.2 billion. The analyst noted market pressure is evident but valuation has reset.
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Ethan Brooks06-07 21:12
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