Market intelligence firm Santiment has evaluated three crucial metrics that suggest a potential rise in Bitcoin’s future. According to the analysis, wallet returns, token mobility, and the supply of Bitcoin $95,785 on exchanges are significant factors influencing this process.
Wallet Returns and Token Mobility
Santiment’s data shows that the average returns on active wallets have hovered around -2.9% over the past 30 days. They indicate that returns remaining below 0% signify a statistically favorable time for increasing positions in Bitcoin.
Santiment states: “As long as returns continue to stay below 0%, adding to positions is regarded as a strong strategy based on historical data.”
Moreover, it has been observed that older Bitcoin tokens are moving at a healthy pace in the market. This activity signals vibrancy and momentum, contrasting with periods when coins remained inactive for extended durations.
Santiment’s findings illustrate th…
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