Santiment and CryptoQuant flag signals of continued bitcoin and Ethereum rally
- —ETH exchange supply fell to 6.06 million from 22.9 million in June 2020
- —Bitcoin's LTH SOPR has risen above 1 but has not yet reached its peak of 6
- —Wallets holding 10–10,000 BTC cut their holdings by 0.20% over three weeks
- —Unrealized profit of short-term BTC holders is about $168 billion
Why it matters: The shrinking ETH exchange supply and rising profitability of BTC holders point to a possible shift to an uptrend in the market.
Source: Incrypted