A recent analysis published by Santiment examines the five-month downward trend in cryptocurrency markets and the potential impact of recent political developments in the United States on digital assets.
The cryptocurrency market is going through a rough patch with five consecutive “red moons” that started after the $126,000 high in October 2025 and continued until the end of February 2026. However, recent data from Santiment suggests that markets may have entered a turning point.
The most notable item on the agenda concerns the latest developments regarding tariffs imposed by President Trump. According to the analysis, a 6-3 vote would have resulted in a possible cancellation of many customs duties and refunds to the companies concerned.
The easing of these tariffs, which have served as an “anchor” for cryptocurrencies since April 2025, is described by market experts as positive news in the long term.
Although a massive increase is not expected in the short term, analysts predict that this development will ease pressure on the market.
Since its October record high, the price of Bitcoin has lost an average of between $10,000 and $15,000 each month. Analyst Brian Quinlivan describes this as a “slow, painful bleeding process” rather than a sudden collapse.
While small investors continue to buy on every dip, institutional portfolios (those holding 10,000 to 10,000 $BTC) appear to have sold 0.5% of the total supply in the last five weeks.
Bitcoin’s correlation with the S&P 500 and gold continues; However, it is worth noting that slight declines in stocks inflict deeper wounds on Bitcoin.
Despite market pessimism, the technical indicator MVRV (Market Value to Realized Value) suggests, according to analysts, that an “opportunity zone” has entered. Bitcoin’s 30-day MVRV is below -6% and its 365-day ratio is below -30%. Historically, ratios below 0 indicate that the average investor is lost and the possibility of a “relief rally” to the upside is increasing.
Santiment analysts suggest that Bitcoin could move towards the $70,000 level in the coming days, but a sustained rise forces institutional investors to resume buying. On the other hand, the significant influx of Bitcoin (around 5,000 $BTC) on the stock exchanges also carries a risk of short-term selling pressure.
*This does not constitute investment advice.
