Bitcoin has faced multiple rejections near the $87,000 level, causing its cycle-adjusted MVRV percentile to fall to 25.7%, a range historically linked to accumulation rather than market highs. This metric compares Bitcoin's market value to its realized value, adjusted for market cycles, indicating that the current price is closer to holders' cost basis. Despite this, Bitcoin has not yet reached the extreme undervaluation levels associated with major market bottoms. Long-term holders are currently distributing more coins than acquiring, and demand from US spot Bitcoin ETFs has cooled, suggesting a cautious market. The situation points to a potential accumulation phase if Bitcoin holds around $81,700 and shows bullish signs, but further declines in the MVRV metric could occur before a strong market floor is established.
Following Bitcoin's struggle near the $87,000 mark, it trades on Pluang at Rp1.462.551.635 as of Oct 19, 2026 05:51 WIB, showing a modest 0.28% increase in the past day. Market activity on Pluang reveals a balanced interest with 59% of orders to buy and 41% to sell, while typical holding time stands at 111 days, indicating steady investor engagement despite recent price resistance.
Bitcoin's MVRV percentile fell to 25.7%, indicating a valuation below its historical range but not signaling a market bottom. Meanwhile, U.S. spot Bitcoin ETFs experienced $936.3 million in net outflows from October 7-16, following a prior period of ...
Bitcoin was trading at around $81,615 on October 18, experiencing a 1.5% decline over the past week. The $81,000 level acted as a support point, with the cryptocurrency consolidating after a recent price run. Continued buying pressure around this sup...
Bitcoin's price surpassed the $81,000 mark on Binance's spot market, reaching $81,047 at 5:15 p.m. ET Sunday. This represents a modest increase of 0.22% compared to an hour earlier, signaling a slight upward movement in the largest cryptocurrency by ...
Crypto analyst Ali Charts highlights critical support levels for Bitcoin at $81,000, Ethereum at $2,350, and XRP at $1.25. Holding these levels could trigger rebounds toward higher targets: Bitcoin to $84,000-$86,500, Ethereum to $2,700-$3,000, and X...
Bitcoin fell 0.85% to $80,967, while the overall cryptocurrency market capitalization declined 4.85% to $2.70 trillion. Ether, XRP, BNB, Solana, and Dogecoin also saw notable losses, with Dogecoin dropping the most among major coins at 4.30%. Bitcoin...
