The valuation of #Altcoins compared to Gold is currently falling to the lowest level in history. On the weekly timeframe, the RSI has dropped to 25 — an extremely oversold zone never seen before.
The chart also shows the lowest valuation since 2021 and has just hit a bottom, suggesting that the market is experiencing strong selling pressure. The rarest similar scenario we’ve seen was during the COVID crash – a “Black Swan” event that caused the entire market to tumble. Recent developments exhibit many characteristics of a Black Swan, reflecting panic sentiment and flight from risky assets. However, historically, periods of extremely low valuation are often when investors start closely monitoring for opportunities as the market stabilizes again. $BTC {spot}(BTCUSDT)
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The valuation of #Altcoins compared to Gold is currently falling to the lowest level in history. On the weekly timeframe, the RSI has dropped to 25 — an extremely oversold zone never seen before.
The chart also shows the lowest valuation since 2021 and has just hit a bottom, suggesting that the market is experiencing strong selling pressure. The rarest similar scenario we’ve seen was during the COVID crash – a “Black Swan” event that caused the entire market to tumble.
Recent developments exhibit many characteristics of a Black Swan, reflecting panic sentiment and flight from risky assets. However, historically, periods of extremely low valuation are often when investors start closely monitoring for opportunities as the market stabilizes again. $BTC
{spot}(BTCUSDT)