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Analyst: Bitcoin is currently in the middle of its cycle, and the level of extreme panic selling is decreasing.
Mars Finance News, on March 7th, crypto market analyst Axel Adler Jr. posted on social media that “Bitcoin is currently in the mid-stage of this cycle. The NUPL–MVRV composite indicator is at 0.33, whereas in previous cycles, bottoms typically occurred near -0.5. The indicator also shows that cycle lows are gradually rising, indicating that extreme panic selling in the market is weakening. However, the indicator still remains significantly above historical bottom levels, so the market has not yet confirmed a full-scale capitulation sell-off.”