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Santiment

All articles tagged with #santiment

cryptocurrency1 year ago

Bitcoin's March Rally: From $64K to $200K

Santiment's monthly report suggests that the cryptocurrency market may be in a danger zone with increased risk of a short-term correction after Bitcoin's surge to $64,000 in February. On-chain indicators show that both long and short-term active wallets may soon begin to sell their BTC, with historical data indicating a likelihood of a short-term correction. Bitcoin whales have been splitting their holdings, and the outcome of recent on-chain movements remains to be seen, indicating a potentially wild March for the crypto market.

via CryptoPotato|
#bitcoin#cryptocurrency#cryptocurrency-market
cryptocurrency2 years ago

Crypto Market Analysis: Bullish Signs for Bitcoin and Ethereum Amidst Low Exchange Supply.

Santiment, a crypto analytics firm, has stated that on-chain data is indicating renewed bull runs for Bitcoin and Ethereum. The firm's data shows that both cryptocurrencies are seeing historically low supply on exchanges, with more of their supplies being moved into self-custody wallets. Santiment is also paying attention to low and mid-cap altcoins, such as Metal and Power Ledger, which saw heavy whale and shark activity last week. Previously, Glassnode, another crypto insights firm, concluded that BTC is well into its bear market recovery phase.

via The Daily Hodl|
#altcoins#bitcoin#cryptocurrency
cryptocurrency2 years ago

The Rise and Fall of Pepe Coin: A Crypto Rollercoaster

Santiment predicts that Pepe, a memecoin rivaling Dogecoin and Shiba Inu, may not reach its all-time high price again but could see a smaller move to the upside in the near term after plummeting in value by 67%. Santiment suggests that if the social dominance metric dips a few percentage points lower, it would indicate traders are moving on. However, moves to the upside are still possible for Pepe, and one indicator to look for is if large addresses holding at least 100 million PEPE become more active.

via The Daily Hodl|
#cryptocurrency#dogecoin#meme-coin
cryptocurrency2 years ago

Bitcoin Breaks Records with Profit-Taking Transfers and Banking Crisis Win.

On-chain data from Santiment shows that the ratio of daily on-chain transaction volume in profit to loss for Bitcoin has spiked to its highest level since December 2020, indicating that profit-taking volume is around 2.4 times more than loss-taking volume. This surge in profit-taking occurred after Bitcoin briefly broke above the $27,000 level. Ethereum's profit-taking volume has also risen significantly in recent days, but it is only observing the highest value of the indicator since the middle of 2023.

via Bitcoinist|
#bitcoin#cryptocurrency#ethereum