The market earthquake carves out new cycle-low accumulation zones for these blue-chip altcoins. Bottom or bust?
The general crypto markets had tumbled below $3.2 trillion on Tuesday afternoon, planting yet another seed of panic amidst the already-fearful sentiment. Crypto’s Fear & Greed Index just shifted from 14 to 11, posting the most extreme fear levels so far in 2025.
With Bitcoin (BTC) dwindling below $90K, Ethereum (ETH) & the major alts are following in the flagship asset’s footsteps. According to Santiment, the extremely negative returns flashed amongst active wallets over the past 30 days are preceding a creation of ‘buy zones’.
Whilst this doesn’t guarantee a bottom for XRP or ADA, highly negative figures tend to evolve into the biggest comebacks, according to the MVRV-based logic explained in Santiment’s recent market analysis.
MVRV Stats Unravel Signs Market’s Been Waiting For
Market Value to Realized Value (MVRV), a key statistic determining the profitability of recently active wallets, have shown outrageous results. Among major-cap altcoins, Cardano (ADA) is hit the heaviest with an average performance of -19.7%. Ethereum (ETH) is not far behind at -15.4%. XRP scored -10.2%, showing stronger correlation with Bitcoin (BTC) at -11.5%.
Is this the historical bottom signal everyone’s been patiently waiting for? Data from Sanbase somewhat solidifies this theory, as explained by Santiment: “In a zero sum game, buy assets when average trade returns of your peers are in extreme negatives. The lower MVRV’s go, the higher the probability is of a rapid recovery”.
Typically, crypto traders tend to use the MVRV metric instead of relying on the more popular support & resistance levels, also mostly based on historical data. However, MVRV can be more exact due to the reverse correlation between large retail losses and newly-established buying zones on XRP, ADA & ETH as the market pullback deepens.
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