On-chain analytics platform Santiment has signaled that Bitcoin and several major altcoins have entered historically favorable accumulation zones following the recent market downturn. According to Santiment’s 30-day Market Value to Realized Value (MVRV) metric, Bitcoin (BTC) reached -10%, Ethereum (ETH) -12%, XRP -8%, Cardano (ADA) -18%, and Chainlink (LINK) -9% – all negative readings that indicate short-term holders are collectively at a loss.
These negative MVRV ratios place the assets into what Santiment defines as ‘fair buy zones’ (and in ADA’s case, a ‘strong accumulation zone’) because they suggest that selling pressure from underwater traders may be exhausting. Historically, such deep negative readings have preceded relief rallies, and Santiment noted that early recovery signs are already appearing across many of the flagged assets. However, the platform cautioned that no indicator guarantees instant gains, urging patience and risk awareness.
At the time of reporting, Bitcoin traded near $63,000 after briefly touching $59,000 for the first time since November 2024, while Ethereum was below $1,700 after sliding to around $1,500 – a 14-month low. XRP, ADA, and LINK also saw steep retracements. Analysts warned that the rebound could remain fragile, with one noting BTC might attempt a relief rally toward $65,000–$70,000 before potentially retesting lower levels. Santiment’s data provides a data-driven argument for opportunistic accumulation but does not declare the sell-off over.
