Santiment Referred to 2017 and 2021: “Despite the Decline, Bitcoin and These Two Altcoins Give a Rise Signal!”

Bitcoin (BTC) ve altcoinWhile there has been a sharp decline in recent days in Saintlysaid that an ignored indicator is giving a bullish signal.

Accordingly, Santiment is on the market “Mean Dollar Invested Age” He shared that his data is often ignored.

Santiment said that although the market has experienced a significant decline, the metric supports the continuation of a long-term uptrend.

According to santinment data Bitcoin‘s average investment age is 439 days, XRP865 days of and DogecoinStating that is calculated as 370 days BTC’‘s investment age has increased by 31 percent in the last 60 weeks, XRP has increased by 22 percent in 14 weeks and DOGEHe shared that the number decreased by 31 percent in 8 weeks.

” Average Dollar Investment Age, one of the most overlooked metrics in the cryptocurrency world, is signaling an uptrend despite the market-wide pullback this week.

Average Age of Investment:

BTC 439 days (31% younger at 60 weeks)
XRP 865 days (22% younger in 14 weeks)
DOGE 370 days (31% younger in 8 weeks)”

According to Santiment, when a cryptocurrency’s Average Dollar Investment Age line moves downward, it indicates that old and dormant wallets are reactivating, putting their coins back into circulation and increasing network activity.

Referring to the bull markets of 2017 and 2021 specifically for this indicator, Santiment said that the rally did not stop until the average ages of the relevant assets started to increase again.

Pointing out that this indicator follows the same path in 2024, Santiment said that price fluctuations may continue in the short term, but this indicator gives an upward signal in the medium and long term.

📊 One of the most overlooked metrics in crypto, Mean Dollar Invested Age is flashing a bullish signal despite the market-wide retrace this week.

The Mean Age of investment for:

🪙 BTC is 439 days (31% younger in 60 weeks)
🪙 XRP is 865 days (22% younger in 14 weeks)
🪙 DOGE is… pic.twitter.com/iTCC5wWA0S

— Santiment (@santimentfeed) December 11, 2024

*This is not investment advice.