Deep Tide TechFlow News, April 17th, according to CryptoQuant analyst Woominkyu's analysis, Bitcoin's comprehensive market index BCMI is currently testing an important historical pivot zone, with the index dropping to the 0.2 - 0.3 range, indicating BTC is in one of the deepest undervalued regions in history. The index is composed of MVRV, NUPL, SOPR, and the Fear and Greed Index, with MVRV accounting for 30% and NUPL accounting for 25%. The current correction has reset the realized value and investor sentiment to levels not seen since early 2023. It also points out that the SMA 90 is still trending downward and needs to flatten out to confirm that selling momentum has exhausted and the price has stabilized.

BTC1.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin