$BTC On-Chain Indicators Suggest Bullish Accumulation.

MVRV Z-Score: This metric, which compares market value to realized value, rebounded from a low of 1.43 (historically a local bottom in past bull cycles). Analysts argue this aligns with healthy corrections seen in 2017 and 2021, signaling potential for renewed upward momentum .

Value Days Destroyed (VDD): Currently in the “green zone,” VDD indicates long-term holders are accumulating BTC, mirroring patterns seen in early bull phases. The 1–2 year holder cohort has increased activity, suggesting confidence in future price appreciation.