According to @Andre_Dragosch, Bitcoin (BTC) is already approaching a deep value zone, suggesting traders should tune out short-term volatility noise and refocus on valuation-driven setups. Source: @Andre_Dragosch on X, Nov 22, 2025. Deep value in BTC is commonly identified when MVRV falls below 1.0, indicating spot trades under the average on-chain cost basis, a condition historically linked to accumulation windows. Source: Coin Metrics MVRV definition and research. The Puell Multiple is used to track miner revenue stress at market lows, with sub-0.5 readings frequently coinciding with prior bottoming phases. Source: David Puell and Glassnode research on Puell Multiple. The Mayer Multiple compares price to the 200-day moving average and signals undervaluation when meaningfully below long-run norms (often cited <0.8–0.9 during major cycle lows). Source: Trace Mayer’s Mayer Multiple methodology. Price interaction with realized price is also monitored as a cycle-floor proxy that has historically marked value-buying zones during bear market exhaustion. Source: Coin Metrics realized price research. Actionably, traders can deploy dollar-cost averaging, stagger bids near on-chain value references, and wait for multi-indicator alignment before increasing risk while headlines remain noisy. Source: CFA Institute guidance on dollar-cost averaging and risk management.

According to @glassnode, Bitcoin’s Mayer Multiple has retraced toward the lower bound of its long-term range, indicating a slowdown in momentum, source: @glassnode on X, Nov 20, 2025, https://twitter.com/glassnode/status/1991511704820412599 and https://glassno.de/3K8aKMN. @glassnode adds that such compressions have historically aligned with value-driven phases where price consolidates and demand begins to step in, a backdrop consistent with range-bound trading conditions, source: @glassnode on X, Nov 20, 2025, https://twitter.com/glassnode/status/1991511704820412599 and https://glassno.de/3K8aKMN. The Mayer Multiple compares BTC price to its 200-day moving average, framing this reading as a value-focused signal for traders to monitor consolidation and on-chain momentum shifts, source: Glassnode metric definition, https://academy.glassnode.com and context from @glassnode on X, Nov 20, 2025, https://twitter.com/glassnode/status/1991511704820412599.