Santiment: Crypto markets could see a rebound in the next few weeks
2023/08/16 09:15
Santiment has reported that the cryptocurrency market may experience a rebound in the coming weeks. The company revealed that as the market has failed to form any positive traction, traders are showing more and more complacency towards each type of digital asset. Historically, a higher proportion of losing trades increases the likelihood of a rebound compared to any profit-taking.
In addition, Santiment's data shows that this ratio has recently reached a new high in the past five months. BTC, ETH, XRP, LTC, and ADA have all recorded an increase in losing trades.
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