On June 15, on-chain data shows: According to the MVRV pricing model (Market Value to Realized Value ratio), if Bitcoin recently falls below the key support level of $102,044, the next potential retracement target could slide towards the $82,570 range.
The MVRV indicator reveals the extent of "price deviation from true cost." When the price of Bitcoin is significantly above the average, the market is often in a FOMO stage; once the price approaches or falls below the support of this model, it often indicates a deeper "value regression."
