Analysis: Active wallets in the past 30 days are in a state of floating loss on BTC, ETH and most altcoins
Santiment stated in a post on X that the average transaction return can indicate whether "buying low" or "selling high" is the right time. Currently, active wallets in the past 30 days for BTC, ETH, ADA, DOGE, and most altcoins are in negative territory.
When MVRV is negative, it means buying or increasing positions while others are already in a loss. Historically, these moments of "blood in the streets" are when professional traders make money.
Trade with caution and do not assume that these opportunities will lead to an immediate turnaround. But the possibility suggests that cryptocurrencies will at least see a short to medium-term improvement, provided that economic or geopolitical factors do not hinder momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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