TechFlow news, March 31 — CryptoQuant analyst Yonsei dent analyzed that the Bitcoin MVRV (Market Value to Realized Value) ratio has generated a significant technical signal, indicating the market may face greater downward pressure.
In early March, the MVRV 30-day moving average crossed below the 365-day moving average, forming a bearish "death cross." This signal suggests weakening short-term market momentum, with MVRV converging toward its long-term historical average.
The analysis shows that the market has exited the overheated zone, but no clear bottoming signal has emerged yet. Further downside risks should be carefully monitored.
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