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Bitcoin’s MVRV drops below 30th percentile after $87K rejection

Crypto Briefing·October 18, 2026·1 min read

Bitcoin's MVRV ratio dropped below the 30th percentile after the $87K rejection, signaling a potential accumulation phase. However, cooling ETF demand and distribution by long-term holders may hinder a recovery. The metric's decline suggests the market is entering a period of consolidation rather than a clear bottom.

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