CryptoQuant: MVRV dead cross signal appears, intensifying downward risk of Bitcoin

According to CryptoQuant analyst Yonsei dent, the Bitcoin MVRV (Market Value to Realized Value Ratio) indicator showed a "dead cross" signal in early March, with the 30 day moving average crossing the 365 day moving average, indicating a weakening of short-term momentum and increased downward pressure. Historical data shows that this signal is usually accompanied by a price correction. In the current situation where MVRV is close to the long-term historical average, the market has exited the overheated zone, but there is no clear bottom signal yet, and investors need to be alert to the risk of further decline.