Chainlink Signal That Preceded Crashes Of 34% Is Back

An on-chain signal that preceded crashes of at least 34% for Chainlink in the past has once again formed for the cryptocurrency.
Chainlink 30-Day MVRV Ratio Recently Hit The 20% Mark
As explained by an analyst in a post on X, the last two times the 30-day MVRV ratio broke above the 19% level, the price of LINK registered a sharp decline. The “Market Value to Realized Value (MVRV) ratio” is an indicator that measures the ratio between the Chainlink market cap and the realized cap.
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