Analyst: Bitcoin indicators have all entered the adjustment range, and it may take more time to clarify the bottom

Julio Moreno, the research director of CryptoQuant, posted on social media that it cannot be said that the price of Bitcoin has bottomed out now, as all valuation indicators have entered the adjustment range, and this process may require more time.

For example, MVRV is lower than its 365-day moving average (each time it falls below, it needs time to adjust).

Note: MVRV is a relative indicator, which is the ratio of circulating market value (Market Cap, MV) and realized market value (Realized Cap, RV).

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Analyst: Bitcoin indicators have all entered the adjustment range, and it may take more time to clarify the bottom

All Comments

Recommended for you

The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.

The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.

Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

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