Santiment: Bullish Investors Are Waiting for Mobility in These Coins to Buy

According to the post of cryptocurrency analysis platform Santiment, bullish investors are chasing buying opportunities.

According to Santiment's statements, investors are following two platforms in particular for the rise in Bitcoin and Ethereum prices.

They are looking at liquidations

It was noteworthy that the value of liquidated positions in the field of decentralized finance (DeFi) is still small.

In the past, it was seen that the cryptocurrency market began to recover, especially when liquidations on the Aave and Compound platforms increased.

According to DefiLlama data, Aave is among the largest DeFi platforms with a TVL of $12.4 billion.

They are chasing buying opportunities

Forced sales by liquidated investors are seen as an opportunity by buyers.

According to Santiment's post, bullish traders made liquidations on DeFi platforms push Bitcoin to $70,000; He interprets it as a sign that Ethereum will rise to $4,000 in a short time.

Historical records show that after a large amount of Wrapped Ethereum (WETH) and Wrapped Bitcoin (WBTC) liquidated on the Aave v3 platform, Ethereum and Bitcoin prices immediately began to rise.

Wrapped Bitcoin is an ERC-20 token that reflects the value of Bitcoin (BTC) at a 1:1 ratio. It was developed so that Bitcoin can also be used in the Ethereum ecosystem. Wrapped Ethereum, which mirrors Ethereum, serves as a bridge between Ethereum and Ethereum-based dApps.