MVRV-Z Indicator Bitcoin Touches Lowest Level Since October 2022

BearMarketBuilder · 2026-02-14T04:02:14+00:00

Data from Glassnode shows that Bitcoin's MVRV-Z has reached its lowest level since October 2022, reflecting market cooling. Although Bitcoin is now trading at $68,940, this metric indicates a more balanced valuation, suggesting a shift in investment strategy.

BearMarketBuilder

2026-02-14 04:02:14

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Data from the leading blockchain analytics platform Glassnode shows that Bitcoin’s MVRV-Z score has reached its lowest point in several years, equivalent to October 2022. According to information from NS3.AI, this downward momentum previously occurred when Bitcoin was trading at $29,000, indicating that the market is cooling down after a phase of overheating.

The MVRV-Z Score indicator is an important metric that measures the ratio between the market value and the realized value of Bitcoin. When this score reaches a low level, it reflects that the asset’s price is approaching its fair market value and suggests a potential decrease in buying pressure.

In contrast to October 2022, Bitcoin is now trading much higher at $68,940 per coin. The alignment between Bitcoin’s price and its actual market value serves as a key signal for traders and investors to consider their portfolio strategies. This condition indicates that although prices have increased significantly since 2022, Bitcoin’s fundamentals and on-chain metrics reflect a more balanced valuation compared to the previous bull market phase.

BTC4.47%

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