BBX Logo

Santiment: Active wallets in the past 30 days have been in a loss making state on BTC, ETH, and most altcoins

2025-01-09 01:58

Santiment, a cryptocurrency market research firm, pointed out in an article on the X platform that the average trading return reflects well whether the "buy low" or "sell high" strategy has seized the right timing. Currently, active wallets in the past 30 days are in a loss making state on BTC, ETH, ADA, DOGE, and the vast majority of altcoins. When the market value to realized value ratio (MVRV) is negative, it means that you are buying or increasing your holdings while others are already losing money. From a historical perspective, these moments of 'market panic' were precisely when professional traders profited. Trading should be cautious and not assume that these opportunity zone signals will immediately bring a turnaround. But the probability suggests that in the near future, cryptocurrencies will experience at least a short-term to medium-term reversal, provided that economic and geopolitical factors do not hinder it.

Loading...