Bitcoin Enters Profit-Taking Territory Above $66,000 as MVRV Ratios Rise, Santiment Warns of Selling Pressure

According to Santiment, Bitcoin (BTC) and major altcoins including Ethereum, XRP, Cardano (ADA), and Chainlink (LINK) entered profit-taking territory in the last 30 days, as their 30-day MVRV ratios rose back above neutral level. This indicates investors who bought these assets over the past month have realized slight profits.

While positive MVRV ratios signal a healthy recovery driven by lower-than-expected inflation data and renewed spot Bitcoin ETF demand, Santiment warned that this could trigger increased selling pressure in the short term. The platform noted that if upward momentum weakens, short-term investors may accelerate profit realization, potentially intensifying price volatility.