Bitcoin Now Undervalued For 170 Days, How Does This Compare With Previous Bears?

On-chain data shows Bitcoin has been undervalued for 170 days now, here’s how this figure compares with that during the previous bear markets.
Bitcoin MVRV Ratio Has Been Stuck Under ‘1’ Since 170 Days Ago
As pointed out by an analyst in a CryptoQuant post, the lowest point that the MVRV ratio has gone in this bear so far is 0.74.
The “MVRV ratio” is an indicator that measures the ratio between Bitcoin’s market cap and its realized cap.
Here, the “realiz