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Market intelligence firm Santiment has evaluated three crucial metrics that suggest a potential rise in Bitcoin’s future. According to the analysis, wallet returns, token mobility, and the supply of Bitcoin 
$104,016 on exchanges are significant factors influencing this process.
Wallet Returns and Token Mobility
Santiment’s data shows that the average returns on active wallets have hovered around -2.9% over the past 30 days. They indicate that returns remaining below 0% signify a statistically favorable time for increasing positions in Bitcoin.
Santiment states: “As long as returns continue to stay below 0%, adding to positions is regarded as a strong strategy based on historical data.”
Moreover, it has been observed that older Bitcoin tokens are moving at a healthy pace in the market. This activity signals vibrancy and momentum, contrasting with periods when coins remained inactive for extended durations.
Santiment’s findings illustrate that an increase in the speed at which tokens are circulating indicates a bullish sentiment, as opposed to prolonged downturns. The vitality in token mobility is viewed as a sign of active investor participation in the market.
Decline in Exchange Supply Indicator
Lastly, there has been a significant decline in the supply of Bitcoin on exchanges. Compared to previous months, the Bitcoin ratio on exchanges has dropped from 9.92% to 7.6%, attributed to the transfer of coins to cold wallets.
Currently, Bitcoin’s trading price hovers around $95,727. These trends across various metrics are considered essential elements to closely monitor in the market’s overall structure.
The analysis underscores the importance of investors closely tracking market movements while considering risk management. It is believed that evaluating indicators such as wallet returns, token mobility, and exchange supply together can provide a protective approach against unforeseen fluctuations.
