Crypto Traders Hunting Altcoins That Flash Underbought Signals
On-chain data provider Santiment shows that traders’ enthusiasm for Buy the Dips has waned amid dip opportunities becoming more realistic. It noted: advertisement We are seeing the common paradox of traders buying short-term, small #crypto price dips, but scared to buy the longer-term bigger ones. Mentions of #buythedip or #boughtthedip are dormant. Historically, this kind of #FUD has been good to capitalize on. Courtesy: Santiment On the other hand, it seems that Bitcoin miners have continued to add throughout the month of May. Data from Glassnode shows that post the implosion of the FTX crypto exchange, miners have expanded their balance sheet by 8,200 Bitcoins with their total holdings now moving closer to 80K BTC. Also, during the month of May, Bitcoin miners raked in a total of 12.9 BTC in mining rewards per block. Only for the fifth time in history, the Bitcoin miner fee revenue has surpassed the subsidies. Recommended Arti...