Santiment: Wallets active in BTC, ETH and most Altcoin in the past 30 days are generally in a loss

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MarsBit
01-09
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According to the crypto market research firm Santiment, the average trading return reflects whether "buying the dip" or "selling at the top" has captured the right timing. Currently, the active wallets in the past 30 days are overall in a loss state on BTC, ETH, ADA, DOGE, and the vast majority of Altcoins. When the MVRV index is negative, it means you are buying or increasing your holdings when others have already incurred losses. Historically, these "market panic" moments are when professional traders profit. Trading requires caution, and one should not assume that these contrarian signals will immediately bring a turnaround. However, the probability indicates that in the near future, cryptocurrencies will at least see a short-term to medium-term reversal, provided that economic and geopolitical factors do not pose obstacles.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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