PANews reported on March 31 that CryptoQuant analyst Yonsei dent said that the Bitcoin MVRV (market value to realized value ratio) indicator showed a "death cross" signal in early March, with the 30-day moving average crossing the 365-day moving average, indicating that short-term momentum is weakening and downward pressure is increasing. Historical data shows that this signal is usually accompanied by a price correction. With the current MVRV close to the long-term historical average, the market has left the overheated range, but there has not yet been a clear bottom signal, and investors need to be wary of further decline risks.
