#Bitcoin MVRV-Z crosses a value of 7 into red territory for the first time since Dec 2017.
— glassnode (@glassnode) February 19, 2021
While this indicator suggests we could be in the advanced phase of the bull market, $BTC can still significantly grow from there.
In 2017, BTC made another ~2x.https://t.co/LjSh412tnv pic.twitter.com/3s4l9O23Mu