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The crypto intelligence firm Santiment says Bitcoin is starting to show signals that a sell-off event is on the horizon.
Santiment says BTC is overbought based on three metrics. The first, Daily Active Addresses (DAA) vs. Price Divergence, compares an asset’s price movement to the number of unique crypto addresses interacting with that particular coin on a daily timeframe. The metric views price action that outperforms DAA as a bearish signal, and vice versa.
