“Discount” Signals Emerge in Bluechip Crypto Assets: Will BTC, ETH, XRP, ADA, & LINK Rebound?

Updated
February 23, 2026
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Jakarta, Pintu News – The top blue chip crypto assets entered the weekend showing something that traders rarely overlook: negative 30-day MVRV numbers. Ethereum (ETH) stands at -14.3%, while Bitcoin (BTC) follows at -6.9%, with Chainlink (-5.1%), XRP (XRP) (-4.1%), and Cardano (-2.0%) trailing right behind.

To put it simply? The average trader’s return is below zero. That doesn’t guarantee abounce, but it certainly changes the risk calculation.

MVRV Says Top Blue Chip Crypto Assets Are “Discounted”

Santiment’s 30-day MVRV indicator is not just ahype starter. It simply measures average returns over the past month and signals when an asset is moving into undervalued or overvalued territory.

Read also: Vitalik Buterin Releases $7 Million Worth of ETH as Ethereum Price Plummets 30%

Right now, the message is very clear: the on-chain chart shows thatlarge-cap assets are below their usual neutral zone.

Source: Santiment

Ethereum is the most discounted in the group. The -14.3% figure implies that short-term holders are pretty much “underwater“, which historically tends to steer conditions towardsrelief moves.

Meanwhile, Bitcoin’s -6.9% figure shows lighter pressure, but it remains below theequilibrium point. LINK/USD, XRP/USD, and ADA/USD are also in a slightly negative zone but not extreme, and far from beingoverheated.

Indeed, an undervalued condition does not automatically mean an instant rally. However, it does mean that the calculation ofpositioning risk now shifts differently.

Momentum Still Guided by BTC & ETH

Technically, the correlation between assets remains clear. Bitcoin’s price chart and ETH/USD structure continue to dictate the behavior of broader blue chip assets, even in 2026.

In addition, XRP price prediction chatter on social platforms such as X, Cardano (ADA) price prediction threads, and even Chainlink (LINK) price prediction settings are all still being discussed in relation to the correlation to the “elder crypto” (Bitcoin) to this day.

Even inprice action, these assets tend to shadow whatever direction BTC/USD and ETH/USD set first.

Read also: 17 Reasons XRP Price Will Be Bullish According to CryptoBull Analysts

Despite having different fundamentals and ecosystems, these five assets move in similar momentum waves. When thefirst movers consolidate, the other assets pause. When they expand, liquidityrotates outward.

So, there are slight differences in absolute price levels, but in terms of trendtiming? Everything aligns strikingly.

Recovery Rally Levels to Watch Out For

Short-term projections set potential recovery levels around $98,737 for BTC/USD, $3,474 for ETH/USD, $2.37 for XRP/USD, $0.49 for ADA/USD, and $14.84 for LINK/USD. These are not “to the moon” targets, but rather structural resistance markers.

If these levels are successfully recaptured and prices consolidate above them, the long-term sentiment will turn more constructive. However, ifrejected, thereset phase will continue and potentiallower lows remain possible for the top five assets.

And that’s the uncomfortable part. Because while the MVRV says “discount”, the pricing structure says “prove it”.

Moreover, accumulation-style consolidation has been seen thoroughly throughout 2026. However, the trend of top-tier blue chip cryptocurrencies will not sustainably reverse unless the market leadership breaks decisively. Until then, undervalued indications reflect equal parts opportunity and risk.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

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