Volatility Without Reward: Why Bitcoin’s MVRV Signals A High-Risk, Zero-Return Regime

Bitcoin is navigating heightened uncertainty as escalating conflicts in the Middle East inject fresh volatility into global markets. Price action has become increasingly reactive to geopolitical headlines, while broader liquidity conditions remain fragile. In this environment, directional conviction has weakened, and risk appetite appears constrained. Related Reading: Why Bitcoin Seasonality Failed: Inside BTC’s Structural Breakdown […]