Bitcoin market indicator signals worst may be over

A key bitcoin market indicator, the MVRV Z-Score, is approaching historical bear-market bottom levels near zero. This metric suggests that bitcoin's current market price is nearing its realized fair value following a recent sell-off. Historically, significant market recoveries have often commenced when this indicator enters a similar accumulation zone, as observed in 2014, 2018, and 2022. This suggests a potential turning point for the cryptocurrency market, indicating that the most severe downturns might have already occurred.