BTC, ETH, XRP and ADA move into profit zone as sell pressure risk builds

Major cryptocurrencies including BTC, ETH, ADA and XRP have moved into profit territory, raising the possibility of heavier short-term selling pressure from profit-taking, according to on-chain analytics firm Santiment. Santiment said on X that the 30-day market value to realized value, or MVRV, for BTC, ETH, ADA and XRP had all moved above the neutral 0% line, meaning the average investor who bought those assets over the past month had returned to a profit. The firm said the shift coincided with improving market sentiment as BTC recovered to around $65,000 last week. Easing inflation, a renewed appetite for risk assets and ETF inflows led the market rebound, Santiment said. Still, the firm said the market now faces a new crossroads. Once 30-day MVRV turns positive, investors who entered the market recently may have a greater incentive to lock in gains, potentially tilting supply and demand in favor of sellers. Santiment added that while no overheating signal has appeared yet, the market is also past the stage where fear-driven buying was easy. The MVRV rebound trend remains intact, but if upside momentum weakens, short-term selling pressure could expand quickly.