BULLISH 📈 : Santiment flags ADA bottom setup as Binance shorts hit June 2023 peak
Santiment spots a classic bottom setup on Cardano. 365‑day MVRV sits at -43% and Binance funding skews most short since June 2023.
Cardano (ADA) holders active in the last year are -43% on average. Santiment calls this an “opportunity zone” on its 365‑day MVRV readout on X.
The firm notes ADA has dropped 71% since September. It argues deeply negative MVRV often marks bottoming conditions, as shown by sub‑zero zones on long‑term MVRV charts here and explained in earlier coverage here.
“In a zero‑sum game, when average returns are severely negative, this indicates a looming turnaround,” Santiment wrote. It frames MVRV as mean‑reverting toward 0% over time, making loss‑heavy regimes attractive for value buyers source.
Futures positioning adds a second signal. Binance shows the largest short‑to‑long imbalance on ADA since June 2023, per Santiment data. Overcrowded funding skews are prone to squeeze against consensus background.
Takeaway for traders: two ingredients align. Deeply negative holder returns and a crowded bearish funding read, both flagged by Santiment here.
