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Analysis: Active wallets have experienced floating losses on BTC, ETH and most altcoins in the past 30 days
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2025-01-09 14:01 9,466
Golden Finance reported that Santiment posted on X that average trading returns can be a good indicator of whether "buy low" or "sell high" is truly the right time. Currently, active wallets over the past 30 days are in negative territory for BTC, ETH, ADA, and DOGE, as well as the vast majority of altcoins. When MVRV is negative, it means buying or adding to positions while others are already at a loss. Historically, these "blood in the streets" moments are when professional traders make money. Trade with caution and do not assume that these opportunity zone signals will lead to an immediate turnaround. But the odds suggest that cryptocurrencies will at least turn around in the short to medium term, assuming economic or geopolitical factors don’t hamper momentum.
Keywords: Bitcoin
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