Analyst: The MVRV ratio once again rejects the 90-day average, Bitcoin faces new adjustment risks
According to analyst Ali on X, since May, every time the MVRV ratio rejects its 90-day average, it leads to a significant adjustment in Bitcoin. The latest rejection has triggered a 10% drop, indicating that there may be more downside space in the future. Market analysts warn that investors should closely monitor further movements of the MVRV ratio to predict the price trend of Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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