Santiment data shows XRP active wallets' average returns plunged to -41%, pushing the MVRV ratio to its lowest since the FTX crash in November 2022. Historically, such deep undervaluation precedes significant recoveries, with analysts eyeing a possible return to the $2 mark.
Santiment reports XRP active wallets see -41% average returns, MVRV at lowest since FTX crash in Nov 2022. Historical patterns suggest deep undervaluation could precede a significant rally towards $2.
Santiment data shows XRP active wallet returns plummeted 41%, pushing MVRV to lowest since FTX crash. Historical patterns imply deep undervaluation often precedes strong rallies, with analysts eyeing the $2 level.
Glassnode argues that Bitcoin’s 2022 decline stands out as one of the most severe bear markets on record, citing a 70% drawdown, the largest capital outflow event in history, and deep investor losses across the crypto market.
Glassnode's latest report describes the current bitcoin bear market as 'historic,' with capital outflows exceeding $4 billion and a Z-Score of -2.73 standard deviations—the largest in history, surpassing both 2018 and March 2020.
Glassnode's latest report declares the 2022 Bitcoin bear market as possibly the most severe in digital asset history, with capital outflows hitting record levels and multiple metrics showing unprecedented investor losses.
Ethereum suffered its steepest drop of the year, losing about $100 billion in market cap in seven days. While institutional transfer fears and macro pressure fueled the selloff, staking demand and oversold indicators are keeping recovery hopes alive.
Ethereum erased roughly $100 billion in market value over seven days, with ETH falling nearly 27% to $2,107. Institutional transfer fears, weak technicals, and macro stress drove the selloff, even as staking demand remained strong.
