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BTC, ETH, and XRP Flash Buy Signals After Market Sell-Off: Santiment

During the recent market sell-off, several major crypto assets fell into historic “buy zones,” as indicated by their 30-day MVRV metric, which flashed signals seen in other cycles, according to on-chain analytics firm Santiment.

The firm added that early signs of a relief rally were already appearing across many of the flagged assets.

What the MVRV Data Is Showing

Santiment’s MVRV measures the average profit or loss of traders who opened positions in the last month. The idea is simple: when the average is deeply negative, it means that most recent buyers are sitting on losses, and the selling pressure that usually follows such periods tends to eventually exhaust itself.

According to the firm, that exhaustion point is the moment when “weak hands capitulate, and long-term investors begin accumulating.”

During the freefall between mid-May and early June, five major assets all hit negative MVRV readings at the same time, with Bitcoin (BTC) at -10%, Ethereum (ETH) at -12%, and XRP at -8%. All these, per Santiment’s assessment, fell into what it described as a “fair buy” zone.

Others with a negative 30-day MVRV were Chainlink (LINK) and Cardano (ADA), whose -18% put it in the “strong buy” zone. The analytics platform noted that its chart showed that many of these assets had already started rebounding after entering these zones, thus “reinforcing a pattern that has repeated throughout multiple market cycles.”

It was, however, careful not to overstate the signal, writing that “no indicator guarantees immediate gains” but saying that the recent bounce suggested that the pain of average traders had “reached levels severe enough to create favorable risk-reward conditions across much of the crypto market.”

Where Crypto Markets Stand

The broader picture is a bit messy, with BTC trading around $63,000 at the time of writing, an improvement of just 1% in 24 hours. Additionally, per CoinGecko data, the OG crypto was down nearly 11% over the past week, after plunging to $59,000 last Friday for the first time since November 2024.

One analyst, Merlijn The Trader, predicted the bounce from $59,000, but warned that it may not be the full story. He drew a parallel to the 2022 bear market where a similar rebound came right before the actual capitulation low. According to him, BTC could push toward $65,000 to $70,000 before a final leg down into a DCA zone between $48,000 and $59,000.

On its part, ETH was changing hands at just under $1,700, up by roughly 2% on the day but still down nearly 16% on the week. Like Bitcoin, the weekend was also poor for the world’s second-largest cryptocurrency after it slumped to a 14-month low near $1,500.

Most other large-cap assets, including the rest on Santiment’s list, also posted similarly modest daily recoveries while remaining deeply negative across seven-day and monthly windows.

게시물 BTC, ETH, and XRP Flash Buy Signals After Market Sell-Off: Santiment 에 처음 등장 크립토포테이토.


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