Early 2024 MVRV Z-Score spike signaled possible correction phase for Bitcoin

Onchain Highlights DEFINITION: The MVRV Z-Score evaluates whether Bitcoin is overvalued or undervalued relative to its “fair value”. Instead of using a traditional z-score method, the MVRV Z-Score uniquely compares the market value to the realized value. When the market value, measured as network valuation by spot price multiplied by supply, is significantly higher than […] source: https://cryptoslate.com/insights/early-2024-mvrv-z-score-spike-signaled-possible-correction-phase-for-bitcoin/