Bitcoin's 365-day MVRV dropping below 0% could prove a good opportunity for heavy accumulation. Bitcoin Cash took traders shorting it by surprise with a parabolic 40% rise. Low social volume around Ethereum ETFs and declining prices present an opportunity to buy ETH at a relatively cheap price.
BTC 365-day & 30-day MVRV Ratio A few large Bitcoin holders realized profits during the recent price dip, strengthening volatility in the market. A period of accumulation often follows such profit-taking as these sharks and whales begin buying again at lower prices. The $58K to $62K range could prove an aggressive accumulation zone to help prices bounce back up.
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