CryptoQuant: Bitcoin indicators have all entered the adjustment range, and it may take more time to clearly identify the bottom

ChainCatcher news, CryptoQuant research director Julio Moreno posted on social media that it cannot be said that Bitcoin's price has bottomed out; all valuation indicators have entered the adjustment range, and this process may take more time.

For example, MVRV is below its 365-day moving average (each time it breaks below requires time to adjust).

It is reported that MVRV is a relative indicator that represents the ratio of market cap (MV) to realized cap (RV).