Bitcoin Hits Most Oversold Levels in History: Massive Rally Incoming?

Core Insights - Bitcoin has reclaimed the $91,000 price, with traders speculating whether it has reached a bottom, as it is currently at historically oversold levels according to an onchain indicator [1][3] Group 1: Bitcoin Analysis - The MVRV Z-Score, a two-year rolling variant, indicates Bitcoin's current market value against its realized value, providing insights into market cycles [2] - The MVRV Z-Score shows the lowest levels in Bitcoin's history, suggesting it could be at a significant bottom, similar to previous lows in 2018 and 2022 [3] - Analysts believe Bitcoin is experiencing a hidden bullish divergence, indicating a potential recovery following a severe market crash [4] Group 2: NEAR Protocol Opportunity - NEAR is identified as a strong investment opportunity, currently trading near its cycle lows and experiencing significant developments that improve market sentiment [5] - Recent partnerships and integrations, such as Brave adding Near Protocol's stack for AI privacy, contribute to NEAR's positive outlook [5] - NEAR's inflation halving has reduced annual emissions from 5% to 2.5%, further enhancing its market position [5] Group 3: Market Signals - Other market indicators suggest a bottom formation, with significant players taking bullish positions in Bitcoin and Ethereum [6] - Notable figures, including former BitMEX CEO Arthur Hayes, are actively accumulating various cryptocurrencies, indicating a shift towards bullish sentiment in the market [6]