NewsBTC

28 February 2025

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CryptoQuant Analyst Warns Against Calling Bitcoin Bottom Based on MVRV Z-Score

CryptoQuant's Head of Research, Julio Moreno, has suggested that it is premature to declare a bottom for Bitcoin based on current on-chain data.

Key Insights

• The Bitcoin MVRV Z-Score has fallen below its 365-day moving average (MA).
• All valuation metrics are in correction territory, indicating potential for further price declines.
• The MVRV Z-Score compares market cap with realized cap, reflecting investor profit-loss status.
• Past breakdowns of the 365-day MA have led to significant price struggles for Bitcoin.
• The MVRV Z-Score remains above zero; falling below this level indicates overall market loss.

Currently, Bitcoin's price is around $86,300, having decreased more than 11% in the past week.