From TokenPost · · 30s
Bitcoin MVRV Percentile Drops Below 30
Bitcoin's MVRV reading falls below 30th percentile as ETFs pull $936m.
In brief
Bitcoin's MVRV reading falls below 30th percentile as ETFs pull $936m. Bitcoin's MVRV percentile dropped to 25.7% while U.S. spot Bitcoin ETFs recorded $936.3 million in net outflows. Originally reported by TokenPost.
Bitcoin MVRV Percentile
Bitcoin's MVRV percentile reading fell below the 30th percentile to 25.7%.
ETF Outflows
U.S. spot Bitcoin ETFs recorded $936.3 million in net outflows from Oct. 7-16.
Market Context
Darkfost characterized Bitcoin's move near $87,000 as a rejection and noted the reading is above undervalued levels.
The bottom line
Bitcoin's MVRV percentile dropped to 25.7% while U.S. spot Bitcoin ETFs recorded $936.3 million in net outflows.
