Pricing Academy
Log in
insight thumbnail

On-Chain Transaction Volume is Hinting at Very High Profit Taking This Week

@brianq
1 min read
28.02.2024
1
ADA
LTC
XRP
ETH
BTC


📈 This week, the #Ethereum network is seeing its highest ratio of profitable #onchain transfers since November, with a 2.3 to 1 ratio of coins moving at a profit vs. loss. Meanwhile, #Bitcoin's ratio is also quite high at 1.8 to 1. #Cardano is one of the few seeing more loss transactions than profitable ones.



Generally, high profit taking is a decent mid-term signal for local tops potentially being on the horizon, as was illustrated when we saw a similar #crypto market setup for this Santiment metric back in late November.


Explore the link to this chart, and feel free to insert other projects you may be interested in!

We are using cookies to improve your experience!

By clicking “Allow all”, you agree to use of all cookies. Visit our Cookies Policy to learn more.