BTC $60k this wave, Bitcoin Median MVRV dropped to a low of 1.008 Worth mentioning, during the $17.6k wave in '22, this indicator hit a low of 0.998 ━━━━━━━━━━━━━━ | Indicator Breakdown ━━━━━━━━━━━━━━ Bitcoin Median MVRV = Current Market Price / Median Realized Price Median Realized Price: This is the median price at which all tokens in Bitcoin's supply last moved on-chain (half of Bitcoin moved above this price; half moved below). Unlike the average, it takes the middle value, making it more resistant to outliers (like large whale trades) and represents the "median holder's" acquisition cost (current Median Realized Price is $62,449). Compared to standard MVRV, Median MVRV better captures the perspective of retail or mid-sized holders, as the median ignores extreme high/low values. Median MVRV > 1: Market price is higher than the median acquisition price, suggesting the asset might be overvalued. Holders overall have unrealized profits, potentially increasing selling pressure. Median MVRV < 1: Market price is lower than the median acquisition price, suggesting undervaluation. Many holders are at a loss, which might attract buying or accumulation.