Bybit x Santiment On-Chain Sentiment Report: MVRV falls into risky zones after last week’s epic rally

The crypto market is riding a wave of bullish momentum, with Bitcoin and Ether leading the charge toward historic highs. However, beneath the excitement lies a cautionary signal: most major assets are in profit-heavy zones, as revealed by elevated MVRV ratios, which often precede short-term corrections. Meanwhile, assets like Dogecoin (DOGE) — currently in a negative MVRV zone — may offer contrarian opportunities. Strategic timing, informed by behavioral metrics like MVRV, will be crucial for navigating the next phase of market volatility.

Rally across the board