On-chain metrics indicate Ethereum (ETH) could be at risk of a sell-off, according to the crypto analytics firm Santiment.
Santiment bilješke ETH is moving “rapidly” onto exchanges and has risen to its highest ratio within six months.
A 2021 study objavljen by Santiment indicates large upticks in exchange inflows tend to lead to an average price drop of 5% for crypto assets.
Ethereum is trading for $1,116 at time of writing. The second-ranked crypto asset by market cap is up more than 1% in the past 24 hours.
Santiment also says Bitcoin (BTC) witnessed a “massive uptick” in longs on exchanges on Monday.
Objašnjava firma,
“Trader optimism often correlates with holidays, which means there needs to be a greater degree of cautiousness of whales punishing the overly eager.”
Bitcoin trguje za 20,026 dolara u vrijeme pisanja. Najbolje rangirana kripto imovina po tržišnoj kapitalizaciji pala je za više od 0.5% u posljednja 24 sata.
Santiment takođe bilješke the 365-day return for the average Bitcoin trader is -45%.
Pored toga, analitička firma kaže BTC whale transaction spikes are occurring mostly on minor price rallies, which it argues is keeping the top crypto asset’s prices dormant.
“The vast majority of the largest spikes in Bitcoin whale transactions over the past week are occurring after small $100 to $200 BTC price gains. Prices have subsequently fallen after each of these temporary increases in $100,000+ or $1 million+ transactions.”
Check Price Action
Ne propustite ritam - Subscribe da biste dobili kripto e-mail upozorenja koja se dostavljaju direktno u vašu ulaznu poštu
Pratite nas na cvrkut, Facebook i telegram
surfovati Daily Hodl Mix
Izjava o odricanju odgovornosti: Mišljenja iznesena u Daily Hodlu nisu savjet o ulaganju. Ulagači trebaju obaviti svoju dužnu opremu prije nego što ulože bilo koja rizična ulaganja u bitcoin, kripto valutu ili digitalnu imovinu. Imajte na umu da su vaši transferi i trgovine na vlastiti rizik, a za sve gubitke koji mogu nastati odgovoran ste. Daily Hodl ne preporučuje kupovinu ili prodaju bilo koje kripto valute ili digitalne imovine, niti je Daily Hodl savjetnik za ulaganje. Imajte na umu da Daily Hodl sudjeluje u affiliate marketingu.
Featured Image: Shutterstock/NextMarsMedia/monkographic
Source: https://dailyhodl.com/2022/07/06/crypto-analytics-firm-santiment-issues-ethereum-warning-says-eth-at-higher-risk-of-sell-off-heres-why/