• 34ºc, Sunny

Analysis: Active wallets have lost money on BTC, ETH and most counterfeit products in the past 30 days

Average trading returns are a good indicator of whether "buying low" or "selling high" is really the right time, Santiment said in a post on X. Currently, wallets active in the past 30 days are in the negative range for BTC, ETH, ADA and DOGE, as well as the vast majority of counterfeit products. When MVRV is negative, it means buying or increasing a position while others are already losing money. Historically, these "blood in the streets" moments are when professional traders make money. Trade cautiously and don't assume that these opportunity zone signals will lead to an immediate turnaround. But the likelihood suggests that cryptocurrencies will improve at least in the short to medium term, provided that economic or geopolitical factors don't get in the way of momentum.