MVRV Z-Score has not entered the historical low green zone yet, suggesting that it is not yet time to buy the dip.

BlockBeats News, February 17th, Cryptocurrency researcher anıl posted on the X platform, stating that based on historical data, when the MVRV Z-Score drops below 0, especially below -0.20, Bitcoin is at its price bottom. In this cycle, the lowest value touched by Bitcoin is +0.26, indicating that the classic "green zone" has not yet been tested.

In each previous major cycle, the Z-Score has entered the negative zone. If this value re-enters the negative zone, it may signal Bitcoin's most attractive medium- to long-term risk-reward ratio range.