Santiment reports a potential contrarian crypto rally driven by whale and retail trading behaviors as of early November, indicating market sentiment shifts.
This could signal a pivotal market turnaround, given historical precedents of price recoveries following similar sentiment-induced sell-offs.
Santiment highlights a potential for a contrarian rally in the crypto market, driven by on-chain metrics indicating increased market fear. Retail selling and whale buying are central to this analysis by Santiment analysts.
Lead analyst Brian from Santiment notes that the market is in a red zone with retail panic and whale sales dictating current trends. Key players include Santiment’s data intelligence team regularly posting insights. As Brian, Lead Analyst, Santiment, says, “Green zones occur when whales are buying and retail is selling, which is typically bullish. Conversely, red zones happen when whales are selling and retail is buying. The market is currently in a red zone, suggesting the recent price decline is justified by smart money behavior.“
Whale Actions Stir Bitcoin and Ethereum Prices
Bitcoin and Ethereum are witnessing significant price movements, influenced by whale activities and broader market sentiment. Historically, such conditions have marked market bottoms and triggered recovery phases.
Whale activity has resulted in a selling trend for BTC and ETH, affecting liquidity and total market cap. Santiment analysts suggest MVRV and RSI values indicate an opportunity for potential rally if oversold trends persist.
Historical Whale Sales Suggest Upswing Potential
Previous large-scale whale sales have led to temporary market bottoms followed by 15-25% recoveries. This alignment of whale and retail behavior often precedes sector volatility and price recovery.
Santiment experts predict a potential contrarian rally based on historical patterns where large whale movements often signal market lows. This is supported by on-chain sentiment analysis indicating a possible upside.
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