[Farrell’s Feb. 23 downside map](https://fsinsight.com/crypto-research/crypto-comments/2026/02/23/risk-off-pressure-miner-supply-re-emerges-and-defining-downside-clusters/) clustered $48K to $52K across 0.9x MVRV, a shallower MVRV Z-score trough, and the 300-week moving average. In that framework, BTC at $50K plus ETH/BTC at 0.024 puts ETH near $1,200; SOL/BTC at 0.0009 puts SOL near $45.

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