Why Bitcoin’s MVRV Z-Score Failed This Cycle: Did Trump’s Tariffs Break the Bottom Signal?

6h ago•

bullish:

bearish:

MVRV-Z Score failed to mark Bitcoin’s latest bear market bottom for the first time.
Trump’s tariff moves and policy shocks disrupted Bitcoin’s traditional cycle signals.
Traders may need macro, liquidity, and structure data alongside MVRV-Z signals.

Bitcoin’s (BTC) MVRV-Z Score has failed for the first time to signal the bear market bottom, as the June 2026 low saw the Z-score remain positive rather than dipping below zero like in 2015, 2018, and 2022.

U.S. tariff announcements, reversals, and geopolitical policy headlines have repeatedly shifted risk sentiment, leaving BTC’s price action less consistent with its previous cycle patterns. J.P. Morgan has also noted that delays and reversals in the rollout of President Donald J. Trump’s administration tariffs added to market volatility and raised concerns about global growth.