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Analysts: BTC indicators have entered the correction range, and it may take more time to clarify the bottom
BlockBeats news, on February 26, Julio Moreno, research director of CryptoQuant, stated on social media that it is not possible to say that the price of BTC has bottomed out now. All valuation indicators have entered the adjustment range, which may require more time. For example, MVRV is lower than its 365-day moving average (each fall below the average requires time for adjustment). BlockBeats note: MVRV is a relative indicator, the ratio of Circulating Market Cap (Market Cap, MV) and Realized Market Cap (Realized Cap, RV).