New data from the market information platform Santiment suggests that the digital assets industry may be ready for a bullish.
In a new thread on the social media platform X, santiment out That historically, when the activity of the stablecoins rises when the cryptop prices are low, investors are ready to collect assets.
“The activity on the Tether chain has increased rapidly, with more than 143,000 portfolios that only transfers yesterday (a high point of six months). When USDT (Tether) other stablecoin activities peak during price decreases, traders prepare for buying. Added purchasing pressure aids when repairing crypto prices. “
According to the Crypto analysis company, Trader is enthusiasm for digital assets, however decreaseA sign that investors are becoming more careful. Santiment says that as soon as both the trade volume and prices rise at the same time, it will be a real sign that the market is recovering
“When the trade volume consistently falls for large cryptocurrencies, even during light price recovery (as we saw on Wednesday), it usually points to reducing the trader’s enthusiasm. In this scenario, traders become careful, which suggests that they may not believe that the current upward price movements will last …
A weakening trading volume in the midst of mild price bouncers can serve as an early warning signal of weakening market momentum. Without robust buying participation, price gains can lose steam quickly, because there is simply not enough underlying support to support the upward trend …
To indicate a healthier and more sustainable recovery, bulls will generally want to see both rising prices and rising volumes at the same time. Until the trading activity increases meaningfully, the careful market sentiment will probably dominate. “
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