Latest / Adler AM: Bitcoin Morning Brief
22 Days of Net Losses: MVRV Z Cooled to 0.32
For 22 straight days, the market has been realizing net losses. But MVRV Z has already cooled to 0.32, versus a historical average of 1.71.Stress is there. Overheating is gone. What this means for Bitcoin right now, I break down in Morning Brief #187.
The skinny
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