Santiment reported that on-chain activity is increasing in leading crypto assets such as Bitcoin and Ethereum, and there are signs of a change in market dynamics.$BTC
According to data shared by blockchain analysis platform Santiment, there has been significant movement in the cryptocurrency market recently. Santiment emphasized that increases in critical metrics on the chain provide important clues for understanding market dynamics.$ETH
In particular, a significant increase was observed in the on-chain transaction volume and active address count of Bitcoin and Ethereum. This shows that investor interest has increased again. In addition, it was stated that there were significant increases in transaction volume and wallet movements in some altcoins.
Drawing attention to social media analysis, Santiment stated that comments about certain assets in crypto communities have intensified in recent days. It was stated that projects that stand out with expectations of an increase in particular attract the attention of investors.
Experts noted that investors should be careful when evaluating the potential impact of this on-chain volatility on prices. Santiment emphasized that during such periods, investors can make more informed decisions by analyzing market sentiment and on-chain data.
Finally, it was stated that according to the platform's data, uncertainties regarding the short-term direction of the market continue and on-chain metrics should be monitored carefully.