Bitcoin’s latest market pullback has pushed its MVRV ratio back into a critical zone that has historically been associated with macro correction lows and early-stage recovery setups. The MVRV metric now reflects a valuation reset similar to the conditions that preceded major rebound phases in prior cycles. Why The Reset Reinforces Bitcoin Value Proposition The crypto bearish performance echoes through the Bitcoin community as the Market Value to Realized Value (MVRV) ratio dips into the critical 1.8 to 2.0 range, a zone significant for past cycle corrections where BTC found its footing before initiating a recovery. An ambassador and market expert, BitBull, has revealed on X that for those unfamiliar with its significance, the MVRV ratio compares BTC’s current market value to its realized value, which is what investors actually paid for their coins. Related Reading: Bitcoin Sentiment Flatline: Bull Score Crashes To 0 – What This Means For The Market However, when this ratio dips near 2, it signals that a majority of holders are hovering around their cost basis. At this point, there’s no greed left in the system, just conviction. Historically, this 1.8 to 2.0 MVRV range has coincided with major market bottoms in June 2021, November 2022, and April 2025, when the market felt broken, but BTC was quietly resetting. With the MVRV ratio currently re-entering this same critical zone, combined with the massive liquidations observed recently and a palpable sense of panic across the market, the pattern feels eerily familiar. Every time sentiment turns into hopelessness, on-chain data would show a different story of exhaustion, not collapse. BitBull personally views this phase as one of compression, not capitulation, indicating short-term pain but a long-term opportunity. The same market dynamics cycle that previously punished excessive leverage is now washing out the remaining weak hands. BitBull concluded that if history rhymes, this will be the part of the story where the bottom gets written, not the top. Why Liquidity Matters More Than Interest Rates Liquidity has been a crucial component of the Bitcoin market. A full-time crypto trader and investor, Daan Crypto Trades, has pointed out that if there is one macro factor that drives BTC and the broader crypto market, it’s the amount of global liquidity within the financial system, not interest rates. Related Reading: Bitcoin Liquidity Grabs: Institutions Target Low-Volume Zones To Move BTC Price This correlation is clear from comparing the global liquidity index with BTC’s price movements over the years. Daan has recently observed a shift where global liquidity has stopped expanding and begun to trend downwards again. However, this change has put a halt to BTS’s upward momentum, combined with the anticipated profit-taking behavior observed during the 4-year market cycle. “Once global liquidity starts expanding at a rapid pace, the market environment for crypto will become significantly more supportive than it is currently,” the expert noted. Featured image from Pixabay, chart from Tradingview.com
Crypto analyst Egrag Crypto has advised XRP investors not to panic as they make their next move in the market. This came as he revealed levels to watch out for as the altcoin retraces alongside the broader crypto market. Analyst Advises XRP Investors Amid Market Correction In an X post, Egrag Crypto told XRP investors, especially the newbies, that they should not let fear dictate their next moves. The analyst also commented on the current price action, stating that investors will see where the market settles by the end of the day. In line with this, he revealed levels that investors should keep an eye on. Related Reading: Bitcoin Maxi Blasts XRP Investors With ‘Retarded’ Tag Amid Price Drop The crypto analyst stated that if the XRP price maintains closures above $2.80, then it is still in a super bullish position. Furthermore, he claimed that a close near $2.65 keeps the altcoin within a strong structural formation. Meanwhile, Egrag Crypto also raised the possibility of a wick down to $2.34, which would represent a 30% retracement. Whatever happens, the analyst is still confident that the altcoin will rally to higher prices at some point. As such, he advised XRP investors to stay steady and strong, stating that they should soon fly, indicating another parabolic rally was on the horizon. However, in the short term, a steeper price correction might occur, according to crypto analyst Ali Martinez. In an X post, the analyst said that the Market Value to Realized Value (MVRV) ratio flashed a death cross for XRP, suggesting that a steeper correction could be underway. His accompanying chart showed that the altcoin could drop to the psychological $2 price level on this decline. In another X post, Ali Martinez said that the on-chain data shows that past accumulation behavior points to $2.80 being a temporary buffer for XRP. Meanwhile, the real support begins below $2.48. Long-Term Update For The Altcoin In an X post, Egrag Crypto provided an update on his analysis of XRP’s 6-month chart. He noted that the altcoin has just less than five months left until this candle closes. Based on this, he questioned whether it can still make history by breaking the chasm of whether the top might already be in. Related Reading: Analyst Predicts Historical 90% XRP Crash Against Bitcoin, But This Will Happen First However, the analyst believes that the market top isn’t in and that the last leg for the XRP price is still imminent, something he claimed would be “epic.” Egrag Crypto stated that the Non-Log Scale measured move puts the altcoin at a market top of around $4.89. On the other hand, the Log Scale measured move shows a market top of $48.90. The analyst noted that he is adopting an average approach between the two targets. As such, he sees XRP reaching at least $27. At the time of writing, the XRP price is trading at around $2.97, up almost 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
As Bitcoin (BTC) consolidates just below the $120,000 mark, concerns are mounting over whether the top cryptocurrency’s bullish momentum is fading. However, some analysts believe BTC still has room to grow, citing key on-chain indicators. Bitcoin Rally Far From Over According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin’s rally is not yet over. The analyst points to the Short-Term Holder (STH) Market Value to Realized Value (MVRV) indicator as evidence. Related Reading: Bitcoin Profit-Taking Spikes Without Price Drop – Strong Demand Or Delayed Reaction? For context, STH MVRV measures the profitability of Bitcoin held by short-term investors – typically those who acquired BTC within the last 155 days – by comparing the current market price to their average purchase price. When the STH MVRV is high, it suggests short-term holders are in profit and may sell. On the contrary, a low or negative MVRV indicates undervaluation and potential for further upside. Darkfost noted that during the current market cycle, unrealized profits among STH have yet to surpass the 42% threshold. Historically, every time the STH MVRV reaches around 1.35 – implying a 35% unrealized profit – it has triggered a wave of profit-taking, followed by short-term price pullbacks. As of now, the STH MVRV stands at approximately 1.15, well below the profit-taking zone. The analyst attributes this to the STH realized price exceeding $100,000 for the first time in Bitcoin’s history on July 11. At the time of writing, this realized price has risen above $102,000, providing BTC with a robust support base. To clarify, STH realized price refers to the average price at which all Bitcoin held by short-term holders was acquired. When Bitcoin’s current market price remains above this level, it reflects growing market confidence among newer investors. Darkfost added that BTC could rise another 20–25% before the STH MVRV reaches its critical level again. If this projection holds, Bitcoin could potentially hit $150,000 before the next wave of widespread profit-taking. Fresh Liquidity May Help, But Exercise Caution Bitcoin may also benefit from fresh liquidity entering the market. Fellow CryptoQuant analyst Amr Taha recently highlighted a $2 billion USDT deposit into major derivatives trading platforms, signaling potential leverage buildup. Related Reading: No Mania Yet: Bitcoin ATH Lacks Hype, Suggesting Further Upside Potential Similarly, favorable macroeconomic conditions are expected to support risk-on assets like Bitcoin. The recent weakness in the USD has fuelled optimism around capital rotating into cryptocurrencies and other high risk-reward assets. However, BTC inflows to centralized exchanges have been steadily rising as well, suggesting a short-term correction could be on the horizon. At press time, BTC trades at $118,862, down 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Crypto analyst Ali Martinez has discussed Ethereum current price action as the second largest crypto by market cap remains below $4,000. The analyst outlined some facts to give a clearer picture of whether or not it is the right time to give up on ETH. Analyst Discusses Whether It Is Time To Give Up On Ethereum In an X post, Ali Martinez outlined certain facts to determine whether it is time to give up on Ethereum. First, the analyst noted that ETH has been one of the weakest performers lately, a development that looks to have prompted Vitalik Buterin to shake things up by changing the Ethereum Foundation’s leadership team. Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade Martinez then alluded to historical data showing that Ethereum performs well in the first quarter of each year. The analyst had previously hinted that this year is unlikely to be different. Back then, he noted that ETH delivers its strongest performance in Q1, particularly in odd-numbered years, and 2025 is one such year. Given Ethereum’s positive Q1 performance, Martinez remarked that this could explain why crypto whales have accumulated over $1 billion worth of ETH in the past week alone. He previously revealed that these whales had bought over 330,000 ETH, valued at over $1 billion. Furthermore, the crypto analyst remarked that the buying pressure is also evident in the exchange outflows, with nearly $2 billion in Ethereum withdrawn from crypto platforms over the past month. Specifically, 540,000 ETH, worth $1.84 billion, were withdrawn from exchanges over the past month. This accumulation trend is a positive as it indicates investors are still bullish on ETH. However, for Ethereum to break out bullishly, Martinez mentioned that it must overcome several key resistance levels. From an on-chain perspective, the crypto analyst highlighted the $3,360 to $3,450 zone as the major supply wall. This range is the most critical resistance level for ETH, while the key support zone is between $3,066 and $3,160. From A Technical Analysis Perspective Martinez also provided insights into the Ethereum price action from a technical analysis perspective. He stated that ETH appears to be forming the right shoulder of a head-and-shoulders pattern, with a neckline of $4,000. He added that a decisive breakout above this level could fuel a rally toward $7,000. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The crypto analyst also revealed that this upside target aligns with the Ethereum 3.2 Market Value to Realized Value (MVRV) Pricing Band, which is currently hovering around $7,000. Amid this bullish outlook, Martinez mentioned that one concerning sign is Ethereum’s network growth, which has slowed down. The number of new ETH addresses is said to have declined by 9.32%, indicating reduced adoption. Despite that, Martinez believes that Ethereum’s outlook is still bullish. He told market participants to keep an eye on the $2,700 to $3,000 support zone. According to him, this demand zone must hold to maintain ETH’s bullish outlook. At the time of writing, Ethereum is trading at around $3,200, down 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin‘s recent price rebound has captured the attention of the general crypto sector, which has put retail investors, especially new ones, on a high profitability as market conditions continue to display noticeable improvements. Bitcoin Profitability Rises Among New Investors In recent developments, new Bitcoin investors have witnessed a notable increase in profitability, boosting the outlook […]