CryptoQuant: Bitcoin NUPL--MVRV indicator reaches 0.33, or has entered the mid-stage of a bear market

GateNews

2026-03-07 08:18:50

BTC-2.82%

Gate News reports that on March 7, CryptoQuant analyst Axel pointed out on the X platform that the Bitcoin NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the 0.5 level. The chart shows that the bear market cycle is beginning to shift upward, suggesting that Bitcoin may have entered the mid-stage of this bear cycle, indicating that extreme selling conditions are moderating. However, the indicator is still well above historical bottom levels, implying that a market-wide bottom has not yet been confirmed.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments