<ul><li>The Bitcoin market continues to trade sideways as its MVRV (Market Value to Realized Value) ratio drops beneath key 1-year and 4-year marks.</li><li>CryptoQuant suggests that this indicates that the cryptocurrency may still be undervalued.</li><li>For the market to regain its bullish momentum, the MVRV needs to rise above the 1-year average.</li><li>Bitcoin traders are closely monitoring the MVRV ratio for signals of a change in direction.</li></ul>

Bitcoin’s MVRV Drops Below Key Averages, Signaling Undervaluation: Report

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