CryptoQuant: BTC valuation reset is underway, and the market is gradually returning to fundamentals.

According to CryptoQuant analyst MorenoDV, Bitcoin's NVT metric, which shows market value below on-chain activity, has rebounded to -0.32 after hitting an all-time low, indicating that the price is realigning with fundamentals and foreshadowing a post-deleveraging accumulation period and long-term opportunities.