Bitcoin MVRV Reading Falls Below 30th Percentile as ETF Outflows Top $936 Million
Photo: TokenPost
Bitcoin’s (BTC) MVRV percentile reading fell below the 30th percentile, while U.S. spot Bitcoin ETFs recorded $936.3 million in net outflows across sessions from Oct. 7-16. Crypto analyst Darkfost put the reading at 25.7% in an Oct. 18 post and characterized Bitcoin’s move near $87,000 as a rejection. MVRV contrasts Bitcoin’s overall market value with a realized-value measure built from the price at which each coin last changed hands on-chain. The 25.7% figure is a historical percentile ranking in Darkfost’s framework, which accounts for the metric’s evolution across market cycles.
Source: TokenPost
