coin-img-ESPESP+4.95%coin-img-ETHETH+5.03%coin-img-BTCBTC+3.55%coin-img-SOLSOL+7.41%coin-img-XRPXRP+3.50%coin-img-USDCUSDC-0.02%coin-img-TONCOINTONCOIN+4.60%coin-img-POKEEPOKEE+2.28%coin-img-ESPESP+4.95%coin-img-ETHETH+5.03%coin-img-BTCBTC+3.55%coin-img-SOLSOL+7.41%coin-img-XRPXRP+3.50%coin-img-USDCUSDC-0.02%coin-img-TONCOINTONCOIN+4.60%coin-img-POKEEPOKEE+2.28%coin-img-ESPESP+4.95%coin-img-ETHETH+5.03%coin-img-BTCBTC+3.55%coin-img-SOLSOL+7.41%coin-img-XRPXRP+3.50%coin-img-USDCUSDC-0.02%coin-img-TONCOINTONCOIN+4.60%coin-img-POKEEPOKEE+2.28%coin-img-ESPESP+4.95%coin-img-ETHETH+5.03%coin-img-BTCBTC+3.55%coin-img-SOLSOL+7.41%coin-img-XRPXRP+3.50%coin-img-USDCUSDC-0.02%coin-img-TONCOINTONCOIN+4.60%coin-img-POKEEPOKEE+2.28%
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Yuri Molchan

Bitcoin Nears Undervaluation Range as MVRV Hits 1.1 and Binance Finalizes $1 Billion SAFU Conversion

An on-chain analytics report indicates that Bitcoin's MVRV ratio has dropped to around 1.1, signaling that the asset is edging toward an undervalued zone. At the same time, Bitcoin has recovered to the $66,970 area after a 2.45% rise over the last 24 hours, while Binance has completed converting its $1 billion SAFU fund fully into Bitcoin.
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