CryptoQuant analyst Crypto Dan stated that as BTC drops to around $60,000, the market has entered the historical 'Cheap Zone.' The current MVRV ratio is approximately 1.1, and if the price further declines to around $53,000–$55,000, the MVRV ratio could approach levels corresponding to previous bear market bottoms. From a cyclical perspective, the current price holds significant long-term investment value, but the short-term market may still see further dips. https://(wublock123.com)/news/cryptoquant-bitcoin-enters-undersold-range-62391