Coin

<ul class="news-points"> 
 <li><strong>Santiment revealed in a tweet today that traders are growing complacent as the market fails to gain traction.</strong></li> 
 <li><strong>According to the firm, the ratio of loss transactions to profit taking has reached a 5-month high.</strong></li> 
 <li><strong>Meanwhile, ADA, BTC, ETH, LTC, and XRP have all recorded an increase in the number of loss transactions.</strong></li> 
</ul> 
<p>According to the blockchain intelligence firm Santiment, the <a href="https://coinedition.com/market/" rel="noopener noreferrer nofollow">cryptocurrency market</a> may experience a bounce in the coming weeks. In a tweet published this morning, the firm revealed that traders are showing a growing amount of complacency among each digital asset as the market fails to develop any positive traction.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Traders are showing more and more complacency among each asset as markets continue to fail to find any traction on a rally. Historically, this high ratio of loss transactions compared to any profit taking raises the probability of a bounce. <a href="https://t.co/0R7UWRc3OL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/0R7UWRc3OL</a> <a href="https://t.co/ydHWzmlJNN" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ydHWzmlJNN</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1691664026366095481?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 16, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Historically, this high ratio of loss transactions compared to any profit-taking raises the probability of a bounce. Furthermore, Santiment’s data showed that this ratio reached a 5-month high recently.…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/market-may-experience-a-bounce-as-traders-complacency-grows/">Market May Experience a Bounce as Traders’ Complacency Grows</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Market May Experience a Bounce as Traders’ Complacency Grows

Coin Edition

Other articles published on Aug 16, 2023

PayPal’s Incoming CEO Announcement Triggers 3% Fall in Stock Prices

Best Stablecoins | Top 10 Options

McDonald's in Lugano, Switzerland Now Accepts Bitcoin Payments

Community Growth Boosts Pepe Coin, Shiba Inu Prices By Over 15%; A Positive Sign For Big Eyes Inf...

Is Dr. Michael Burry Shorting the US Economy Again?

XRP Leaves Other Altcoins Behind, Here's What Happened

Join our free newsletter for daily crypto updates!