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Bitcoin MVRV Ratio at 1.1 sits just above the long-term undervaluation threshold near 1.0.
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Previous cycles show sub-1.0 readings aligned with accumulation and multi-year recoveries.
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The recent peak lacked the extreme MVRV expansion seen in prior euphoric tops.
Bitcoin MVRV Ratio at 1.1 is approaching a historically important threshold after four months of controlled downside from the October 2025 all-time high. On-chain data now shows Bitcoin trading near levels previously associated with long-term accumulation zones.
Following its October 2025 peak, Bitcoin entered a steady retracement phase. Price action cooled without dramatic liquidation events. As a result, the Bitcoin MVRV Ratio at 1.1 has become central to current cycle analysis.
Historical Patterns Around the 1.0 Threshold
Past cycles provide important context for the Bitcoin MVRV Ratio at 1.1. In 2015, the metric dropped below 1.0 during an extended bear market.
That zone later marked a generational bottom. Accumulation phases developed during compressed valuation conditions.
Each instance tied undervaluation to longer consolidation phases rather than immediate reversals. Bitcoin MVRV Ratio at 1.1, hovering just above the green undervalued band.
The visual comparison placed current readings close to earlier cycle lows.
The MVRV Ratio Hit 1.1 And Most Traders Have NO IDEA What’s Coming
After 4 Months down from the October 2025 ATH, #Bitcoin MVRV ratio now sits at 1.1.
Below 1.0 = Historically Undervalued Zone.
But This Cycle is Different:
➤ No parabolic rally into overvalued territory
➤… pic.twitter.com/ztZMy9uEBb
— Crypto Patel (@CryptoPatel) February 13, 2026
A Cycle Without Extreme Euphoria
In contrast, the October 2025 high formed without a vertical spike into deep red valuation zones. Profitability expanded, yet it remained moderate compared to prior blow-off conditions.
Several analysts on social media noted the absence of a parabolic MVRV surge. Charts shared online emphasized the structural difference between this peak and earlier cycles.
The controlled nature of the recent decline is also notable. Instead of a sharp capitulation, the price retraced gradually.
Volatility has remained compressed compared to earlier bear market phases.
Structural Reset Near the Value Zone
The Bitcoin MVRV Ratio, currently at 1.1, now places the market near its historical value boundary. In prior cycles, brief wicks pushed the metric toward 0.8 during panic events.
This drawdown, however, reflects a grinding reset. There has been no dramatic collapse through the 1.0 line. Instead, valuation is compressing steadily toward long-term cost basis levels.
If the ratio falls below 1.0, historical data show that accumulation zones often form. If it stabilizes and rebounds near 1.1, that would indicate stronger structural demand than seen before.
When MVRV hovers near 1.0, average holder profit margins narrow. Speculative leverage typically declines in such conditions. Consequently, long-term positioning tends to develop quietly.
The Bitcoin MVRV Ratio at 1.1 does not confirm a bottom. However, it situates Bitcoin closer to historical value territory than to overheated extremes.
As macro conditions evolve into 2026, market participants continue monitoring this threshold closely.
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