Sentiment shows some dramatic shifts over the weekend and seems to be pushing to a reversal in Bitcoin and ETH. The biggest sentiment shift is coming from new wallets selling the asset and taking some profits.
Bitcoin Transaction Fees Have Been Higher Than Ethereum, is this a new trend to watch?
According to data from the market intelligence platform IntoTheBlock, BTC transaction fees have recently surpassed that of ETH. The “transaction fees” here refer to the amount that every sender on the respective network has to attach with their transfer as a reward for the chain validator who processes the move.
One thing to watch for this week
Data from Glassnode indicates that bitcoin bulls are accumulating for the long haul in anticipation of higher prices. While this does not protect against a reversal in price the good news is that the signals are still Bullish!
Bitcoin Retraces and Could Fall to $31K - While ETH Holds a Critical Level