Bitcoin and Ethereum Achieved Largest Profit Transactions as per Santiment

  • BTC and ETH had achieved their most significant profit transactions since November 1.
  • Interest in BTC and ETH is increasing at the present levels.

According to on-chain statistics from Santiment, Bitcoin (BTC) and Ethereum (ETH) have seen their most significant profit transactions since their all-time high (ATH) price in November. In addition, there have been three times as many trades in profit as in loss.

The price of Bitcoin (BTC) and Ethereum (ETH) has touched their most significant levels in 2022 as demand for the leading cryptocurrencies grows. According to the most recent Santiment statistics, interest in BTC and ETH is increasing at the present levels.

Time to Rejoice For Investors

As of the first week of April, Santiment, an on-chain analytics platform, said in a tweet that Bitcoin and Ethereum had achieved their most significant profit transactions since November 1. The most prominent transaction peaks were recorded on March 29, according to the profit/loss transaction ratio statistics for Bitcoin (BTC) and Ethereum (ETH).

The tweet read:

“Both #Bitcoin and #Ethereum saw transaction spikes at their tops a couple days ago. We can see whether transactions are taken while a position is in profit or at a loss. For the first time since November, there were 3x as many profit tx’s vs. loss tx’s.”

According to the ratio of on-chain transaction volume in profit to loss, there is a growing interest in cryptocurrencies at current prices. The fact that trades were carried out when a position was profitable or losing is also shown. Latest Santiment research suggests an increase in the number of crypto traders interested in both Bitcoin and Ethereum. According to CoinMarketCap, the Bitcoin price today is $46,456.66 USD with a 24-hour trading volume of $39,750,632,013 USD. Bitcoin is up 0.18% in the last 24 hours.

The post has appeared first on thenewscrypto.com

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