Cryptocurrencies have moved back into undervalued territory following a broad market retrace, according to new on-chain data shared by Santiment. The data tracks 30-day market value to realized value ratios across Bitcoin, Ethereum, Cardano, XRP, and Chainlink. The chart shows most assets falling below neutral levels, which places them in zones historically associated with lower-risk entries.
The visual was shared on X and reflects intraday 30-day MVRV readings taken from Santiment’s analytics platform.
The chart maps Bitcoin price candles against 30-day MVRV ratios for five major cryptocurrencies. The horizontal bands create five valuation zones that include strongly overvalued areas, mildly overvalued areas, neutral valuation, mildly undervalued areas, and strongly undervalued areas.
Red dashed lines mark overvalued areas where traders hold unrealized gains. Green dashed lines mark undervalued areas where average holders sit at losses based on recent cost bases. After the retrace, most MVRV lines drop below the white neutral baseline.
A circled section on the right shows several assets approaching or entering buy zones at the same time.
Santiment explained that lower 30-day MVRV values signal reduced risk when opening or adding to positions. Negative percentages show that average traders remain underwater over the last 30 days.
When MVRV turns negative, profits fall below the normal zero-sum level. Santiment states that deeper negative readings suggest safer conditions for buyers. Positive MVRV readings indicate that average traders hold profits. In those cases, entry risk increases as prices move above recent realized values.
Santiment said, “ The lower a coin's 30-day MVRV is, the less risk there is in opening or adding on to your position. A coin having a negative percentage means average traders you're competing with are down money, and there is an opportunity to enter while profits are below the normal "zero-sum game" level. The more negative, the more safe it is for you to buy.”
Chainlink shows a 30-day MVRV, which stands at minus 9.5 percent, and this rating indicates that the asset is currently undervalued. The Cardano network shows a minus 7.9 percent rating, and Ethereum shows a minus 7.6% rating. XRP shows a minus 5.7 percent reading, which also signals undervaluation. Bitcoin records a minus 3.7%, placing it in a mildly undervalued range.
All five assets sit below the neutral zero line shown on the chart. With most coins near or inside buy zones, does the current MVRV alignment mark a turning point for market risk levels?
Santiment’s crypto MVRV data shows Bitcoin and major altcoins moving into undervalued zones after a market retrace. Most 30-day MVRV readings have turned negative, which reflects lower entry risk. Traders often watch these conditions closely when assessing accumulation opportunities during periods of reduced market confidence.