MVRV at the 1.0 level:

A pause before a structural revaluation?#Bitcoin

The MVRV ratio has once again contracted to the critical zone of 1.0, a level historically associated with market equilibrium between price and realized value. Every major cycle since 2015 shows a clear pattern: when MVRV falls into this green accumulation zone, long-term holders quietly absorb supply while weak hands capitulate. The circled regions highlight previous instances when MVRV was around or below 1.0. Each stage marked a territory of deep value rather than euphoric peaks.
From 2015, 2019 to 2022, these contractions preceded multi-quarter price expansions. Smart money doesn’t chase vertical breakouts; they accumulate during statistical undervaluation. Technically, MVRV close to 1.0 signals that the average holder is near breakeven. Selling pressure structurally decreases because coins are no longer in significant profit. This supply dump often lays the groundwork for the next impulsive move. If history repeats, this zone is less about fear and more about positioning. The question is no longer whether volatility will return, but when liquidity expansion will meet suppressed on-chain valuation. ⚡