Altcoins Oversold as MVRV Drops Negative

MVRV 跌至負值，山寨幣超賣

On-chain metrics reveal that seven altcoins, including Dogecoin (DOGE), Uniswap (UNI), and Litecoin (LTC), have entered negative territory in their MVRV (market-value-to-realized-value) metric. This suggests that these coins are currently oversold and undervalued.

鏈上指標顯示，包括狗狗幣 (DOGE)、Uniswap (UNI) 和萊特幣 (LTC) 在內的 7 種山寨幣的 MVRV（市場價值與實現價值）指標已進入負值區域。這表明這些代幣目前被超賣和低估。

Positive Signal for Altcoins

山寨幣的積極訊號

Despite the recent market downturn, altcoin charts indicate a potential buy signal. Santiment, a reputable crypto analytics firm, has released an updated list of large-cap altcoins that could rally in the short term.

儘管最近市場低迷，但山寨幣圖表顯示了潛在的買入訊號。著名的加密貨幣分析公司 Santiment 發布了一份可能在短期內上漲的大盤山寨幣的最新清單。

Altcoins with Negative MVRV

MVRV 為負的山寨幣

The platform highlights that the MVRV metric for seven altcoins has dropped below zero. This indicates an oversold and undervalued condition. Santiment notes, "The lower a coin's 30-day MVRV is, the less risk there is in entering or adding to a position for the short term."

該平台強調，七種山寨幣的 MVRV 指標已降至零以下。這表明存在超賣和低估的情況。 Santiment 指出，“代幣的 30 天 MVRV 越低，短期進入或增加頭寸的風險就越小。”

Dogecoin Offers Best Risk-Reward

狗狗幣提供最佳風險回報

According to Santiment, Dogecoin (DOGE) has the most favorable risk-reward scenario with an MVRV of -19.7%. Recent price drops have led to significant liquidations.

根據 Santiment 的說法，狗狗幣 (DOGE) 具有最有利的風險回報方案，MVRV 為 -19.7%。最近的價格下跌導致大量清算。

Other Oversold Altcoins

其他超賣山寨幣

Other altcoins with negative MVRV include:

其他具有負 MVRV 的山寨幣包括：

• Uniswap (UNI): -16.3%
• Litecoin (LTC): -15%
• Ethereum (ETH): -13.2%
• Chainlink (LINK): -11.1%
• XRP: -10.1%
• Cardano (ADA): -9.9%

Bitcoin MVRV Drops Negative

Uniswap (UNI): -16.3%萊特幣(LTC): -15%以太坊(ETH): -13.2%Chainlink (LINK): -11.1%XRP: -10.1%卡爾達諾(ADA): -9.9%比特幣MVRV 下降為負

Bitcoin's MVRV ratio has also dipped below zero, currently hovering around -9.65%. This is the first time it has entered negative territory since March 2023.

比特幣的 MVRV 比率也已降至零以下，目前徘徊在 -9.65% 左右。這是自 2023 年 3 月以來首次進入負值區域。

Bulls Cautiously Watching Bitcoin

多頭謹慎關注比特幣

Analysts are monitoring Bitcoin's MVRV, hoping it will recover above its one-year moving average to initiate an uptrend. Historically, a prolonged period below zero MVRV has signaled a bull run, but this may not be the case for Bitcoin currently.

分析師正在監控比特幣的 MVRV，希望能夠恢復到一年移動平均線之上，從而啟動上升趨勢。從歷史上看，MVRV 長期低於零度就預示著牛市，但目前比特幣的情況可能並非如此。

Market Uncertainty

市場的不確定性

The cryptocurrency market is experiencing weakness, creating a buying opportunity or a potential precursor to further price declines. Market direction depends on other metrics' analysis. Consolidation or a short-term rebound is possible, while a prolonged downtrend or bear market is unlikely at this stage.

加密貨幣市場正在經歷疲軟，創造了買入機會或價格進一步下跌的潛在先兆。市場方向取決於其他指標的分析。盤整或短期反彈是可能的，而現階段不太可能出現長期下降趨勢或熊市。