The new report published by cryptocurrency analysis company Santiment contains some claims about the direction the crypto market will go.
According to analysts, the cryptocurrency community is showing more interest in cryptocurrencies such as Bitcoin, Ethereum and Solana than in memecoins and other sectors.
Santiment said that interest in large and serious cryptocurrencies increases during periods when the cryptocurrency industry is consistently on a historical rise, which is an indicator of “prudence.”
On the other hand, analysts argue that the increasing interest in speculative assets such as memecoins has the opposite meaning of the rise and is a sign of “greed”.
Bitcoin, which started to reach the $ 70,000 level earlier today, started to decline when the USA started transferring large amounts of BTC out of its own wallets. At the time of writing this article, BTC price is trading at $67,318.
The total value of cryptocurrencies that were liquidated in the last 24 hours reached 184 million dollars at the time this article was written. 118 million dollars of these represent liquidations in long positions.