PANews March 31 news, according to CryptoQuant analyst Yonsei dent, the Bitcoin MVRV (Market Value to Realized Value Ratio) indicator showed a "death cross" signal in early March when the 30-day moving average crossed below the 365-day moving average, indicating weakened short-term momentum and increased downward pressure. Historical data shows that this signal is usually accompanied by price pullbacks. With the current MVRV approaching the long-term historical average, the market has moved out of the overheating range, but no clear bottom signals have yet appeared, and investors should be wary of further fall risks.