Santiment reported earlier that Bitcoin (BTC) and Ethereum (ETH) have fallen into historically attractive buy zones based on their 30-day MVRV ratios. The on-chain analytics 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, BTCās MVRV sits near ā11.5%, while ETH is at ā15.4%, levels consistent with prior accumulation phases. The downturn has also pushed Cardano, Chainlink and XRP into deeper negative territory. Analysts note that this movement follows a broad market drawdown driven by liquidity compression and macro uncertainty, though long-term fundamentals for major networks remain intact.
Santiment indicated that it will continue monitoring 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 assets.
Source: https://x.com/santimentfeed/status/1990508725518381207
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