Bitcoin’s Price Still in Adjustment Phase, Warns CryptoQuant Research Director

According to a recent update from COINOTAG News on February 26th, Julio Moreno, the Research Director at CryptoQuant, suggests that it is premature to declare a definitive bottom for Bitcoin prices. Current valuation metrics indicate that many are currently situated within an adjustment phase that may persist for an extended duration. Notably, the MVRV ratio—an essential valuation indicator representing the relationship between Circulating Market Cap and Realized Cap—has dipped below its historical 365-day moving average. Such occurrences historically require significant time to recalibrate, further emphasizing the complexity of market dynamics. Investors should be cautious and consider the underlying metrics before making any fundamental changes to their portfolios.