Cryptocurrency analysis company Santiment, in its latest post, drew attention to the panic in the largest altcoin Ethereum and two altcoins.
Santiment stated that Ethereum, Shiba Inu and Sushiswap investors showed slight signs of panic yesterday; He said investors were making sales at a loss.
At this point, Santiment said that ETH, SHIB and SUSHI investors have reached the highest loss level in 2023, and stated that this situation generally indicates a short-term recovery opportunity.
“Ethereum, Shiba Inu and Sushiswap traders showed some mild signs of panic yesterday, with their networks showing some of the highest levels of traders taking losses (vs. profits) all year.
These are often signs of a short-term recovery opportunity. “
At the time of writing, Ethereum is traded at $1,642, Sushiswap is traded at $0.575, and Shiba Inu is traded at $0.00000722.
*This is not investment advice.