The Bitcoin MVRV Z-Score indicates undervaluation as realized profits turn positive, but on-chain data shows the market has not yet confirmed capitulation.
Bitcoin Magazine Bitcoin ETFs Bled Nearly Half a Billion Dollars End of Last Week, Reversing Sentiment Investors cashed out of American Bitcoin exchange-traded funds at the end of last week, ending a seven days winning streak. Data from Farside Investors shows that over $475 million was redeemed from the investment