Santiment, an on-chain analytics firm, has reported that Bitcoin (BTC) and Ethereum (ETH) have fallen into historically attractive buy zones based on their 30-day MVRV ratios. The firm stated on X that both assets are showing negative average returns among active wallets, a pattern that has previously aligned with short-term market reversals.
According to Santiment, BTC’s MVRV sits near –11.5%, while ETH is at –15.4%. These levels are consistent with prior accumulation phases observed in the market. The current downturn has also pushed other major cryptocurrencies, including Cardano, Chainlink, and XRP, into deeper negative territory.
Analysts note that this movement follows a broad market drawdown. This drawdown has been driven by liquidity compression and broader macro uncertainty. Despite the current price action, the long-term fundamentals for these major blockchain networks are reported to remain intact.
Santiment indicated that it will continue to monitor MVRV thresholds and network activity for signs of an imminent rebound. The firm is expected to publish updated metrics later this week, as volatility persists across large-cap crypto assets.
The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.