Bitcoin Short-Term Holders Sit on 10% Loss as MVRV Z-Score Falls to 0.54, Nearing On-Chain Cost Basis - Binance

The MVRV Z-Score, which measures the ratio of market value to realized value, has fallen to 0.54, indicating that short-term holders are underwater on their investments. This metric is closely watched by traders as it can signal potential market bottoms or tops.