Bitcoin Close to Flashing Bullish Signal That Previously Foreshadowed Over 270% Rally for BTC: Santiment

Bitcoin Close to Flashing Bullish Signal That Previously Foreshadowed Over 270% Rally for BTC: Santiment


A prominent analytics firm says Bitcoin (BTC) is about to give off a reading that previously signaled the start of a big rally for the crypto king.

Santiment says on the social media platform X that it is keeping a close watch on Bitcoin’s 30-day and 365-day Market Value to Realized Value (MVRV).

The MVRV is the ratio of a crypto asset’s market capitalization relative to its realized capitalization or the value of all the coins at the price they were bought. When the MVRV value drops below zero, it indicates that the asset is oversold as traders who bought it at a certain time frame are witnessing losses.

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According to Santiment, traders who accumulated BTC 30 days ago are in the red while those

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