Santiment: Bitcoin, Ethereum, and XRP are at "high-risk" profit levels

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2024/01/21 02:54

According to Santiment's data, 83%, 84%, and 81% of the supply of Bitcoin, Ethereum, and XRP are profitable, exceeding the average level between 55% and 75%. Santiment states that the last time assets reached this level was in March 2022. Due to positive developments in the cryptocurrency industry, including the approval of a Bitcoin exchange-traded fund (ETF) by the United States, cryptocurrency prices may continue to rise. However, the company suggests that a lower proportion of supply contributing to profits will be an indicator for bullish crypto assets.

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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