en.bitcoinsistemi.com
According to the latest analysis by cryptocurrency analysis company Santiment, various indicators and trends are attracting attention in the Bitcoin and altcoin markets.
The increased use of the word “dip” on social media suggests retail investors are looking for dip-buying opportunities. However, analyst Brian cautioned against this, noting that markets often move against the crowd's expectations.
The 30-day MVRV (market value/realized value) ratio is 1.8%, while the 365-day MVRV is 22%. This suggests a risk of market overheating. Meanwhile, whale wallets holding between 10 and 10,000 Bitcoin have been observed selling approximately 16,500 Bitcoin since July 15th. While these sales were not aggressive, they do not necessarily support a price increase.
On the Ethereum side, whales have been buying for the past three weeks. Whales holding more than 10,000 ETH are reported to have added approximately 0.5% of the total supply to their wallets. However, Ethereum's 30-day MVRV is hovering around 14%, while its long-term MVRV is around 36.5%. These high levels suggest the market is in the “danger zone” and may be entering a correction or cooling-off period.
Santiment analysts also shared their assessments of various altcoins:
- XRP: It is noted that the risk has increased in XRP, which is at high levels with a 30-day MVRV of 8.7% and a 365-day MVRV of 45%.
- Solana: Fear is prevalent in the Solana market, with a low positive/negative comment ratio on social media.
- SUI: Unlike other assets, SUI's sentiment is quite high. The presence of seven positive comments for every one negative comment indicates a euphoric atmosphere in the market.
In the stablecoin market, Tether (USDT) whale wallets are experiencing significant activity. The percentage of the total Tether supply held in wallets worth $5 million or more has increased from below 50% to over 56.5% in the last five weeks. This could indicate that whales are preparing to inject more money into the market, according to analysts. Furthermore, the total Tether supply has increased by 6.5% in the last 10 days.
*This is not investment advice.