New data from market intelligence firm Santiment reveals three signals that possibly indicate an upcoming bull run for Bitcoin (BTC).
In a new update, the crypto analytics platform says that the average returns of wallets, period of dormancy of coins, and Bitcoin supply on exchanges all point toward a swing to the upside for the top crypto asset by market cap.
According to Santiment, history shows that accumulating BTC when wallets’ average returns are under 0% is a strong move.
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“Despite the high levels of polarization cryptocurrency markets are currently showing, it’s encouraging to see that Bitcoin’s on-chain metrics are pointing to several bullish divergences. For one thing, the average returns of wallets that have been active in the past 30 days are sitting
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