$BTC MVRV Adaptive Z-Score (365-Day Window)

MVRV Z-Score - an indicator calculated as the ratio of the difference between the market value (MV) and the realized value (RV) to the standard deviation of MV. It helps to determine:

⏺ Market overbought (Z-Score > 7)

⏺ Market oversold (Z-Score < 0)

⏺ Neutral zone (between 0 and 7)

BTC is in the capitulation zone, close to the accumulation phase, but the conditions for a confident bottom have not yet been established.

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