Santiment Founder Announced What He Expects in Bitcoin and Altcoins From Today to New Year’s Eve!

Crypto even analysis firm Santiment presented its latest market assessment in a video featuring the company’s founder, Maksim Balashevich.

Maksim Balashevich noted that it is important to analyze the average dollar investment age (MDIA) to measure the health of the market. This metric reflects the average age of coins in a wallet and can indicate whether assets are actively traded or held:

• A decline in MDIA indicates that younger coins are circulating in the market, indicating active participation and optimism.
• Conversely, a rising MDIA may indicate accumulation that could lead to a market recession if not accompanied by new buying pressure.

Maksim Balashevich said, “It is a positive sign to see that the average age of deposited dollars is decreasing. “It confirms upward price movements and shows that assets have entered a healthy cycle,” he said.

Analysts note that recent market conditions have shown signs of accumulation, with investors’ faith in the market remaining strong despite price corrections. Maksim Balashevich warned that this situation may indicate an increase in the long term, but also a harbinger of short-term fluctuations.

“When you see accumulation and the price begins to rise slightly after a decline, this generally indicates strong belief among investors. “However, this situation may lead to fragility if there is excessive optimism without sufficient purchasing pressure,” he said.

Santiment analysts also discussed the historical course of market activities in the last months of the year. In previous years, including 2017 and 2021, December has seen significant volatility and major corrections following all-time highs.

“This year has been a big tax year for many institutional and individual investors who have profited from crypto and stocks,” said Maksim Balashevich. Even if long-term fundamentals remain strong, year-end profit taking for tax purposes could cause further price declines, he suggested.

Despite short-term turmoil, Santiment analysts expressed optimism for 2025. They foresee softer market conditions in early 2025 as the industry matures and adjusts to macroeconomic factors.

*This is not investment advice.