Bitcoin valuation indicator hints at macro top as ‘death cross’ appears

The Bitcoin MVRV metric shows bearish momentum, indicating a potential macro cycle top. Analysts warn of possible corrections while noting that the Z-Score remains favorable, suggesting the current bullish trend might not be over.

Historical data indicates that the ‘death cross’ often precedes significant price drops. Current values suggest that Bitcoin is not yet overextended, hinting at possible growth before the next major sell-off.