How is the market breathing under strong bearish times? It seems positive sentiment and solid confidence will be rare for a while.
Trading returns still point to a major undervaluation of Bitcoin and most altcoins
Price freefalls tend to reverse if they go into the extreme low territory, and that would be the ideal setup to watch for on Sanbase.Another positive note for patient crypto hodlers, regardless of the asset, is that more and more Bitcoin shark and whale addresses are returning to the network. The addresses, mainly run by active human traders, sized 10 to 10,000 BTC, have over 147,000 addresses for the first time since November.
Cardano is also seeing the equivalent of slowly rolling tumbleweeds around its network. The number of unique addresses interacting on the Cardano network is down to its lowest in about a year. The sentiment is gradually sinking for Cardano as well, which is likely due to a simple absence of discussion more than anything.It is hard for the trading community to find any excitement in the abysmal price performances that continue to persist month after month in 2022.
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