Bitcoin
Santiment Data Shows Average Bitcoin Holder in Profit While XRP Traders Face Losses
On-chain data indicates the typical 365-day Bitcoin holder is sitting on slight gains, contrasting with average losses of nearly 12% for XRP investors.
According to analytics firm Santiment, the 365-day Market Value to Realized Value (MVRV) metric shows that the average Bitcoin holder over the past year is slightly in profit, while the average XRP holder is nursing an unrealized loss of roughly 11.8%. Santiment's metric tracks the gap between the current market price and the average price paid for moved tokens over a one-year window.
The divergent profitability reflects differing price performances across 2026. Bitcoin has declined by about 3% year-to-date, trading around $84,388, whereas XRP has fallen approximately 17% in 2026 and roughly 48% over the past 12 months, standing at $1.51. However, XRP's MVRV reading has rebounded from a historic low of around -47% recorded in July, when the asset traded near $1.14.
The report notes that Bitcoin's market dynamic has been bolstered by institutional demand, including approximately $1.7 billion in net inflows into U.S. spot Bitcoin exchange-traded funds across September 21 and 22. Santiment also notes a structural limitation in MVRV metrics, as the indicator tracks only on-chain transactions and excludes trades settled entirely on centralized exchanges.
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