On-chain analysis platform Santiment shared a remarkable analysis of the current dynamics of the cryptocurrency market.
Santiment took a close look at the cryptocurrency market, which has been characterized by highly volatile movements in recent days. By analysis platform 12 December day shared data in the stock markets during all this chaos. The number of Bitcoin (BTC) and Ethereum (ETH) is gradually increasing revealed.
However, Santiment, which does not spare good news for bullish investors, Tether (USDT) amount 6 months compared to before 6.9% more He stated that it was. Santimen hinted that increased liquidity in the market is necessary for a possible bull run.
While he points out that the amount of USDT on the exchanges is increasing faster than Bitcoin and Ethereum, this situation is important to investors. new purchasing power He announced that he could.
While Santiment thinks that the cryptocurrency market will reach a better place in the coming period, “bear trap” in left behind could happen he stated.