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BlockBeats News, April 17 — According to CryptoQuant data, the Bitcoin Comprehensive Market Index (BCMI), which is composed of MVRV, NUPL, SOPR, and the Fear & Greed Index, is currently testing a historically critical pivot area. Analyst Woominkyu (@Woo_Minkyu) stated that the BCMI index has fallen to the 0.2 to 0.3 range. Although an immediate "V-shaped" reversal is not guaranteed, historically this region has corresponded to severely undervalued BTC levels. Based on data analysis, BCMI confirms that the current correction has reset realized value and market sentiment to levels not seen since early 2023. However, the 90-day moving average (white line) is still trending downward. From a conservative standpoint, it is necessary to wait for this slope to flatten, which will signal that selling pressure has finally been exhausted. In addition, analyst Woominkyu believes that the market is entering a "value accumulation zone", and compared to the long-term upside potential, the downside risk is narrowing. However, it is still necessary to wait for prices to stabilize before confirming a bottom signal on the index.

On April 17, the Nikkei 225 index fell by 1.75%, closing at 58,475.90 points; the South Korean KOSPI index decreased by 0.55%, ending at 6,191.92 points. (Jin Shi)

Gelonghui April 17th｜Mizuho has raised Costco's target price from $1,065 to $1,100, maintaining an "Outperform" rating. (Gelonghui)