Santiment: Bitcoin Fit Cool Down Because Bearish Divergence
Analysis company Santiment dey warn say Bitcoin fit need small break after e record recent new high. Even though Bitcoin price don rise, on-chain data show say trading volume dey drop and daily active addresses dey fall, wey mean say bearish divergence dey. Bitcoin long-term MVRV na 21% too fit cause some downward pressure. Ethereum no too free: e 90-day and 365-day MVRV ratios of 40% and 57% show say correction risk high. Meanwhile, whale accumulation since late March show institutional confidence, but retail buying plus “buy the dip” talk too mean say people too optimistic. Traders suppose dey watch on-chain metrics, MVRV levels, and social sentiment to find signs of small pullback soon.
Bearish
Santiment data dey show multiple bearish signals wey historically dey happen before market pullbacks. Decline for trading volume and daily active addresses even though new all-time highs show bearish divergence—classic warning say momentum fit dey wane. Bitcoin long-term MVRV at 21% dey for small danger zone, mean say holders fit risk profit-taking. Ethereum high 90 and 365-day MVRV ratios still dey hint say overvaluation and correction fit happen. Even though whales don dey accumulate since March, wey dey signal institutional confidence, the parallel increase for retail buying and contrarian “buy the dip” sentiment dey often mark euphoric tops. Similar divergences for mid-2021 lead to big correction for Q3, show risk of short-term pullback. For long run, on-chain metrics must recover along with renewed trading volume to support fresh upward momentum. Traders suppose prepare for short-term cooling period while dem dey monitor key indicators for signs of renewed strength.