📊 According to MVRV data, which indicates who overvalued or undervalued an asset is compared to its normal 'zero sum game', Bitcoin's long-term returns on the blockchain are about level with what we saw in the final week of 2022. 📈 When the 365-day MVRV was severely negative following the FTX collapse, BTC proceeded to rise +67% in the following 3 months. This is typical when average returns are significantly below the average value for what is historically expected. 🤔 Obviously, circumstances are very different compared to what we saw more than 3 years ago. Macroeconomic news and polarized opinions about Strategy's aggressive accumulation have been changing the landscape of cryptocurrency. 👀 But MVRV data consistently will hint at where prices go next, regardless of the world's circumstances. When this powerful indicator reveals a divergence we haven't seen in over 3 years, pay attention. 🔖 Bookmark this chart here: https://app.santiment.net/s/EgsJaCdD?utm_source=x&utm_medium=post&utm_campaign=x_btc_30d_365d_mvrv_b_031126/&fpr=twitter(Santiment)