Latest data from CryptoQuant has spotted some issues over Bitcoin MVRV ratio movement. Today, data from CryptoQuant identified an appearance of rare, but potential bearish signal for Bitcoin market. Yonsei Dent, a crypto analyst from CryptoQuant, spotted a formation of a MVRV Death Cross on Bitcoin, raising concerns over a falling market risk.
Bitcoin to embrace bearish momentum
According to latest metrics reported by the CryptoQuant analyst, Bitcoin’s 30-day moving average (DMA) has tremendously dropped, a decrease that has brought it to cross under the 365-day moving day average (DMA). This situation is commonly known as a “death cross.”
Historically, this double-cross typically occurs when the 50 MA crosses under the 200 MA, suggesting a potential long-term downturn movement trend. In Bitcoin’s MVRV ratio, this double-cross happens when the 30-DMA moves below the 365-DMA.
In the past, such events often happened before a bearish market trend (project a potential bearish momentum), making it a critical situation for Bitcoin. In short, such indicators are often accompanied by price consolidations. According to Yonsei, while so far there are no clear indicators of a bottom, caution should be observed.
Bitcoin price updates
Data from CoinGecko shows that Bitcoin has been on a declining movement recently. The asset has been down 6.6% and 3.3% over the past week and one month ago, respectively. The flagship cryptocurrency is currently in a dangerous situation as it has expanded its downturn trend to a straight seven days. The asset is currently standing at $82,076 after seeing a 1.4% decrease in the last 24 hours.
The broader digital asset market is displaying indicators of investor panic ahead of the “Liberation Day” on April 2, when President Trump is anticipated to announce new trade tariffs.
Bitcoin has been trapped in a new influx of uncertainty as market observers spot bearish indicators that could affect its short-term movements. Despite climbing to an ATH of $109k in January 20, 2025, concerns about economic uncertainty has casted doubt about the asset’s capacity to maintain its uptrend.
The key catalyst for BTC’s plunge seems to be economic turmoil, especially US taxes on international trade. President Trump recently announced that the taxes are scheduled to start taking effect on April 2, 2025, focusing on imported goods from China, Mexico, and Canada.
