Historically, the 2018 and 2022 cycle bottoms formed almost exactly at the CVDD level, making it one of the most respected long-term valuation metrics.
If history repeats, Bitcoin could establish its cycle low slightly below the psychological $50K mark.
Of course, no indicator is perfect, and macro conditions can always override historical patterns. Still, CVDD remains one of the key on-chain models investors are watching for signs of a long-term bottom.
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