PANews reported on March 31 that according to Yonsei Dent, a CryptoQuant analyst, Bitcoin's MVRV (Market Value to Realized Value) indicator showed a "death cross" signal in early March, with the 30-day moving average crossing below the 365-day moving average, indicating weakened short-term momentum and increased downward pressure. Historical data shows that such signals are usually accompanied by price corrections. With the current MVRV close to the long-term historical average, the market has moved away from the overheated zone, but no clear bottom signal has emerged, and investors should be wary of further downside risks.
