A recent report from Santiment delves into the ongoing five-month decline in cryptocurrency markets and explores how recent political events in the United States might influence digital currencies.
The crypto sector has faced a challenging stretch marked by five consecutive months of downturns, starting after reaching a peak of $126,000 in October 2025 and continuing through February 2026. Nevertheless, fresh insights from Santiment indicate that the market could be approaching a pivotal moment.
One of the most notable developments involves changes to tariffs imposed by former President Trump. The analysis highlights that a 6-3 vote may lead to reversing many tariffs and issuing refunds to companies affected by them.
This reduction in tariff-related pressure—which has weighed heavily on cryptocurrencies since April 2025—is viewed by experts as encouraging news for long-term market prospects.
While an immediate surge is unlikely, analysts believe this shift will help alleviate some of the current strain on digital asset prices.
Since hitting its all-time high last October, Bitcoin’s value has declined steadily by roughly $10,000 to $15,000 each month. Analyst Brian Quinlivan characterizes this trend as a gradual and painful decline rather than an abrupt crash.
Retail investors continue purchasing during price dips; however, institutional holders—those controlling between 10 and 10,000 bitcoins—have sold about half a percent of total supply over the past five weeks.
Bitcoin’s price movements remain correlated with both the S&P 500 index and gold prices. Interestingly though, minor drops in stock markets tend to cause more significant declines for Bitcoin compared to other assets.
Despite widespread bearish sentiment among traders, technical indicators like MVRV (Market Value to Realized Value) suggest that Bitcoin may have entered what analysts call an “opportunity zone.” Currently, its 30-day MVRV stands below -6%, while its one-year ratio is under -30%. Historically speaking, values below zero imply average investors are at losses but also signal increased chances for upward corrective rallies.
Santiment experts forecast that Bitcoin could approach levels near $70,000 soon; however, a sustained upward trend would depend largely on renewed buying activity from institutional players. Conversely, a substantial inflow—around 5,000 bitcoins—to exchanges poses risks related to short-term selling pressure.
Please note: This content does not constitute financial advice.