Bitcoin briefly fell below $63,000 and hit its lowest level in nearly 10 days before rebounding around $62,700, but it still remains under a key resistance zone ahead of the Federal Open Market Committee meeting. Traders cited in the report kept a cautious view: resistance sits at $64,000 to $64,400, while liquidity is concentrated lower between $60,000 and $62,000. Analyst Killa said the structure stays range-bound and bearish unless BTC reclaims $65,700 and the weekly open, while Wulf said the real directional move may come after the Fed decision even though buyers have shown up around $62,700. The report also tied crypto price action to a broader cross-asset reset. US semiconductor and memory names stayed weak in late trading, the Philadelphia Semiconductor Index fell 4.49%, and selling spread through Micron, SK Hynix ADR, SanDisk, AMD and Corning. In Asia, South Korea’s KOSPI dropped 5.99% after an intraday slide of more than 12%, while Japan’s Nikkei 225 also declined. The piece said some global funds were rotating away from Korean semiconductor exposure and toward Hong Kong tech names and China’s domestic chip narrative, with ChangXin Memory Technology rising 12.66%. Investors are now watching the Fed decision, Chair Waller’s press conference, US GDP and core PCE data, the Bank of Japan meeting, and earnings from Microsoft, Meta, Apple, Amazon, Coinbase and Strategy.

PANews’ July 27 daily roundup spans regulation, project updates, market commentary, and on-chain flows, with CXMT’s blockbuster stock market debut and several large Ethereum purchases taking center stage. CXMT closed its first trading day up 465.82% at 49 yuan, logged 141.187 billion yuan in turnover, reached a 3.28 trillion yuan market capitalization, and overtook Industrial and Commercial Bank of China to become the largest A-share company by market value. In crypto regulation, the U.S. Commodity Futures Trading Commission said prediction-market operators should not rely on template-style self-certifications for event contracts, while at least 29 overseas crypto exchange apps were reportedly blocked from new installation on Google Play in South Korea. On the project side, Binance Alpha said it would list AEON and offer an airdrop to eligible users, Storj Labs filed for Chapter 11 restructuring, and WEMIX said contract ownership had been compromised, leading to the unauthorized minting of more than 5.22 million WEMIX. On-chain data in the roundup also showed one address buying 9,046.17 ETH and three newly created wallets buying another 25,425 ETH at an average price of $1,968.

Bitcoin’s MVRV Z-Score has dropped to a multi-year low, pointing to an undervalued market, though not yet to the kind of capitulation usually seen at a full cycle bottom, according to Crypto Quant analyst Axel Adler Jr. The metric now stands at about 0.42, well below its historical average of 1.7, and has hovered near zero for 30 consecutive days. Since late 2025, the indicator has kept trending lower and touched roughly 0.185 on June 30, but it still has not moved into negative territory. At the same time, Bitcoin’s 7-day Realized Profit/Loss has recovered from losses to around positive $239 million. Over the previous month, the metric was negative for most of the period, with losses reaching as much as $8.5 billion in June and about $3 billion in a single week in mid-July. Adler said the rebound in realized P/L suggests selling pressure is easing. Even so, without an MVRV Z-Score break below zero, the market looks closer to an “undervalued plus stabilization” phase than a confirmed cycle bottom. He added that a recovery toward the historical mean of 1.7, alongside sustained positive realized P/L, could point to strengthening conditions, while a drop below the June low of 0.185 and into negative territory could signal a fresh round of pressure.

CryptoQuant analyst Axel Adler Jr. said on X that Bitcoin’s MVRV Z-Score has dropped to about 0.42, roughly four times below its historical average of 1.7, a level he said points to undervaluation. At the same time, Bitcoin’s 7-day Realized Profit/Loss has turned positive and now stands at about $239 million, indicating that on-chain selling pressure has eased. Adler added that the MVRV Z-Score has still not entered negative territory, which in his view means the market has not yet seen the kind of capitulation usually associated with a cycle bottom. The analysis describes current conditions as a mix of undervaluation and short-term stabilization, while noting that the market still lacks both a capitulation signal strong enough to confirm a bottom and a clear source of fresh demand.

Bitcoin’s MVRV Z-Score has risen to 0.24, putting it close to a zone that has historically aligned with major bear market bottoms, though holder data shows the final low may not be confirmed yet.

CryptoComLearn says there is no single perfect time to sell crypto. Common reasons include price targets, portfolio rebalancing, cash needs, and changes in risk tolerance or conviction.

Ethereum's price hovers around $2,449, approaching the key $1,959 MVRV 0.80 band. Analyst Ali Charts highlights this level historically marked bottoms and strong buying opportunities.

Santiment data shows wallets active on the XRP Ledger over the past year are down 41% on average, with MVRV at its lowest level since the FTX collapse in November 2022. XRP is now trading near a historical accumulation zone.