coin-img-ESPESP+0.85%coin-img-ETHETH+6.35%coin-img-BTCBTC+4.71%coin-img-SOLSOL+8.07%coin-img-XRPXRP+5.59%coin-img-USDCUSDC-0.03%coin-img-TONCOINTONCOIN+4.35%coin-img-POKEEPOKEE-5.73%coin-img-ESPESP+0.85%coin-img-ETHETH+6.35%coin-img-BTCBTC+4.71%coin-img-SOLSOL+8.07%coin-img-XRPXRP+5.59%coin-img-USDCUSDC-0.03%coin-img-TONCOINTONCOIN+4.35%coin-img-POKEEPOKEE-5.73%coin-img-ESPESP+0.85%coin-img-ETHETH+6.35%coin-img-BTCBTC+4.71%coin-img-SOLSOL+8.07%coin-img-XRPXRP+5.59%coin-img-USDCUSDC-0.03%coin-img-TONCOINTONCOIN+4.35%coin-img-POKEEPOKEE-5.73%coin-img-ESPESP+0.85%coin-img-ETHETH+6.35%coin-img-BTCBTC+4.71%coin-img-SOLSOL+8.07%coin-img-XRPXRP+5.59%coin-img-USDCUSDC-0.03%coin-img-TONCOINTONCOIN+4.35%coin-img-POKEEPOKEE-5.73%
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Olayiwola Dolapo

Bitcoin’s steep drop toward $68,000 brings MVRV near undervalued zone after $126,000 peak

Bitcoin has retreated sharply from about $126,000 to roughly $68,000, with on-chain metrics indicating the asset is nearing an undervalued band. The MVRV ratio around 1.1, repeated ETF outflows, and subdued spot demand highlight persistent selling, while long-term holder behavior may determine whether this phase evolves into a broader recovery.
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