Altcoins Oversold as MVRV Drops Negative

MVRV 跌至负值，山寨币超卖

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.

链上指标显示，包括狗狗币 (DOGE)、Uniswap (UNI) 和莱特币 (LTC) 在内的 7 种山寨币的 MVRV（市场价值与实现价值）指标已进入负值区域。这表明这些代币目前被超卖和低估。

Positive Signal for Altcoins

山寨币的积极信号

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.

尽管最近市场低迷，但山寨币图表显示了潜在的买入信号。著名的加密货币分析公司 Santiment 发布了一份可能在短期内上涨的大盘山寨币的最新列表。

Altcoins with Negative MVRV

MVRV 为负的山寨币

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."

该平台强调，七种山寨币的 MVRV 指标已降至零以下。这表明存在超卖和低估的情况。 Santiment 指出，“代币的 30 天 MVRV 越低，短期进入或增加头寸的风险就越小。”

Dogecoin Offers Best Risk-Reward

狗狗币提供最佳风险回报

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.

根据 Santiment 的说法，狗狗币 (DOGE) 具有最有利的风险回报方案，MVRV 为 -19.7%。最近的价格下跌导致大量清算。

Other Oversold Altcoins

其他超卖山寨币

Other altcoins with negative MVRV include:

其他具有负 MVRV 的山寨币包括：

• 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%莱特币 (LTC): -15%以太坊 (ETH): -13.2%Chainlink (LINK): -11.1%XRP: -10.1%卡尔达诺 (ADA): -9.9%比特币 MVRV 下降为负

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.

比特币的 MVRV 比率也已降至零以下，目前徘徊在 -9.65% 左右。这是自 2023 年 3 月以来首次进入负值区域。

Bulls Cautiously Watching Bitcoin

多头谨慎关注比特币

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.

分析师正在监控比特币的 MVRV，希望其能够恢复到一年移动平均线之上，从而启动上升趋势。从历史上看，MVRV 长期低于零就预示着牛市，但目前比特币的情况可能并非如此。

Market Uncertainty

市场的不确定性

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.

加密货币市场正在经历疲软，创造了买入机会或价格进一步下跌的潜在先兆。市场方向取决于其他指标的分析。盘整或短期反弹是可能的，而现阶段不太可能出现长期下降趋势或熊市。