✍️ TLDR: Losses have poured into networks enough where relief rally is highly probably, and has arguably already begun

📊 Metrics Used: 30-Day MVRV

🔗 Link

📊 Between the disastrous crypto market freefall between mid May and early June, there was enough "blood in the streets" for networks to begin flashing justified buy signals for several top assets. And so far? the MVRV metric is working to perfection.

🧐 Santiment's 30-day MVRV measures the average profit or loss of traders who entered positions over the past month, making it one of the most reliable gauges of whether market participants are becoming excessively euphoric or fearful. As prices collapsed, Bitcoin, Ethereum, Cardano, XRP, and Chainlink all fell into zones where the average trader was well underwater:

📉 Bitcoin fell to -10% average returns (Fair Buy Territory)

📉 Ethereum to -12% (Fair Buy)

📉 Chainlink to -9% (Fair Buy)

📉 XRP to -8% (Fair Buy)

📉 Cardano plunged to roughly -18% (Strong Buy)

💸 When the average trader is sitting on significant losses across networks that are normally hovering at 0% (zero sum game), selling pressure often becomes exhausted as weak hands capitulate and long-term investors begin accumulating.

🧮 The attached chart shows that many of these assets have already started rebounding after entering their respective buy zones, reinforcing a pattern that has repeated throughout multiple market cycles. While no indicator guarantees immediate gains, the recent bounce suggests that average trader pain had reached levels severe enough to create favorable risk-reward conditions across much of the crypto market.