Key Altcoins Show Signs of Overvaluation, But Selling Based Solely on MVRV May Be Premature
• Altcoins like ENS, ARB, MNT, MKR, and ETH are showing very high MVRV ratios, indicating they are overbought and due for profit-taking sell-offs.
• High MVRV means unrealized profits are peaking, tempting investors to sell and crystalize gains.
• However, selling based just on high MVRV could mean missing further gains if assets continue appreciating.
• Many other factors beyond MVRV, like news and regulations, also impact crypto prices.
• Investors should weigh MVRV data along with broader context to make informed sell decisions aligned to their strategy.