News

Jinse Finance reported that analyst Ali stated on the X platform that the previous three times Ethereum's MVRV pricing range fell below 0.80, it marked a market bottom. Now, as the price drops below $1,959, this signal has appeared once again.

Goldman Sachs' trading division stated that the U.S. stock market may face additional selling pressure from trend-following algorithmic funds this week. The S&P 500 index has already triggered a short-term sell point, and Commodity Trading Advisors (CTAs) are expected to remain net sellers over the coming week. Goldman Sachs predicts that if the stock market declines, approximately $33 billion in sell-offs could be triggered this week. If the S&P 500 index falls below 6,707 points, up to $80 billion in systematic selling could occur over the next month. Under stable market conditions, CTAs are expected to sell about $15.4 billion in U.S. stocks this week; even if the market rises, they may still sell around $8.7 billion.

BlockBeats News, February 9th, Tom Lee, Chairman of Ethereum Treasury Company Bitmine, stated in a CNBC interview, "In just the past eight years, Ethereum has experienced 7 drawdowns of over 60%. The good news is that all 7 of these have seen a V-shaped recovery. This means that there was a waterfall decline first, followed by a rapid recovery." "If the crypto market is currently bottoming, which seems possible from the current signs, especially considering MicroStrategy's approximately 25% rebound, then historical experience shows that this type of rebound often takes on a V-shaped structure. This means that as fast as we fall, we often recover at a similar speed."