CryptoQuant's latest analysis suggests a valuation reset for Bitcoin, aligning market prices with on-chain fundamentals. The NVT golden cross indicator, highlighted by analyst MorenoDV_, shows a short-term deviation below the long-term trend, currently at -0.32, up from a cycle low of -0.58. This indicates a gradual correction in Bitcoin's valuation. The market is reportedly in a conservative valuation range, with capital becoming more selective. This shift may signal structural improvements and long-term potential for Bitcoin, as the market realigns with fundamental metrics.