Bitcoin MVRV Signals Possible Market Bottom as BTC Falls Below $64K

Highlights:

Bitcoin (BTC) may be nearing a market bottom, according to CryptoQuant analyst Darkfost. His MVRV alert flashed again on November 15 after Bitcoin fell toward $64,000. The analyst says similar readings have appeared near major market lows in the past. He believes the latest signal could offer another buying opportunity for long-term investors, although prices may still fall further.

In a November 15 post on X, Darkfost reported that his Bitcoin MVRV alert had triggered a few hours earlier. This marked the third time the signal had appeared during the current bear market.

🔔When MVRV score idicates a market bottom

➤ A value below 1.2 suggests that BTC is significantly undervalued. Historically, when the MVRV ratio dropped below 1.2, it has always signaled a market bottom, presenting a strong buying opportunity.

Before this bear market, the most… pic.twitter.com/icMcugQdBE

— Darkfost (@Darkfost_Coc) November 15, 2026

Bitcoin MVRV Indicator Points to Possible Market Bottom

Darkfost explained that an MVRV reading below 1.2 suggests Bitcoin is trading at a low valuation. MVRV stands for Market Value to Realized Value. It compares Bitcoin’s current market value with the estimated price at which coins last moved. Lower readings can show that investors are holding smaller profits or facing losses.

According to Darkfost, MVRV readings below 1.2 have historically appeared near major Bitcoin market bottoms. He pointed to 2022 as an example. During that period, Bitcoin traded between $16,000 and $21,000. Darkfost considers it one of the strongest buying periods of the past five years.

CryptoQuant also uses the MVRV ratio to compare Bitcoin’s market value with investors’ estimated purchase costs. Lower readings can indicate cheaper valuations, but they cannot identify an exact bottom.

Darkfost Reports Third Bitcoin Buying Signal of 2026

The latest alert is not the first one this year. Darkfost said the indicator first triggered in February, when Bitcoin was around $60,000. A second signal appeared in June and July, when BTC reached approximately $57,000. The third alert arrived on November 15, following another sharp decline in Bitcoin’s price.

Darkfost believes investors could consider dollar-cost averaging (DCA) at these levels. The strategy involves buying Bitcoin gradually rather than investing all the money at once. He also explained that the alert adjusts over time to account for changes in the MVRV ratio. The analyst designed the signal for investors looking at medium-term market opportunities. However, past readings do not guarantee another recovery. Bitcoin could continue falling even after the indicator signals a possible bottom.

10x Research Reports Heavy Losses Across Major Cryptocurrencies

Meanwhile, a November 15 report from 10x Research showed heavy losses across the crypto market over the past week. The firm tracked 55 major cryptocurrencies and found that only Jupiter (JUP) gained, rising 1.4%. Bitcoin lost 15.7% during the week, while Ethereum (ETH) fell 21.3%. Solana (SOL) dropped 22.5%, and BNB declined 17%.

Some smaller tokens suffered even bigger percentage losses. Uniswap (UNI) fell 33.9%, while Zcash (ZEC) lost 32.9%. The firm also found that 21 tokens had fallen much more sharply than their usual price movements. According to 10x Research, losses across major cryptocurrencies suggest investors are reducing their overall crypto holdings rather than simply moving money between tokens.

Only one of the 55 largest tokens rose (Jupiter, +1.4%), and 21 fell by more than two standard deviations.

The large, liquid coins were hit hardest relative to their own volatility.

Bitcoin fell 15.7% (−2.6σ), Ether 21.3% (−2.7σ), Solana 22.5% (−2.7σ) and BNB 17.0%… pic.twitter.com/m3ba7uIm66

— 10x Research (@10xResearch) November 15, 2026

At the time of writing, Bitcoin was trading around $63,917, down 4.83% over the previous 24 hours, according to CoinMarketCap.