Santiment Founder Reveals Their Expectations in Bitcoin and Altcoins from Today to New Year's Eve!

Crypto currency analysis firm Santiment provided its latest market assessment in a video featuring the company's founder Maksim Balashevich.

Maksim Balashevich emphasized the importance of analyzing the average dollar investment age (MDIA) to measure the health of the market. This metric reflects the average age of coins in a wallet and can indicate whether assets are actively traded or held.

• The decline of MDIA indicates active participation and optimism by indicating that younger coins are circulating in the market.
• Conversely, an increasing MDIA can indicate an accumulation that may lead to stagnation in the market if not accompanied by buying pressure.

Maksim Balashevich said, "Seeing the average age of the invested dollar decrease is a positive sign. It confirms upward price movements and indicates that assets have entered a healthy cycle."

Analysts note that the latest market conditions indicate accumulation signs, despite price corrections, showing investors' strong faith in the market. Maksim Balashevich warned that this situation could signal an uptrend in the long term as well as herald short-term fluctuations.

"When you see accumulation and the price starts to rise slightly after a decrease, it usually indicates a strong belief among investors. However, this situation can lead to fragility in the absence of sufficient buying pressure," he said.

Santiment analysts also examined the past trends of market activities in the last months of the year. In previous years, including 2017 and 2021, significant fluctuations occurred in December, with major corrections seen after all-time highs.

Maksim Balashevich said, “This year has been a big tax year for many institutional and individual investors who have profited from cryptocurrencies and stocks.” While the long-term fundamentals remain strong, he suggested that end-of-year profit-taking for tax purposes could lead to further price declines. Please provide the text to be translated. Despite short-term turbulence, Santiment analysts expressed optimism for 2025. As the industry matures and adapts to macroeconomic factors, they anticipate smoother market conditions in early 2025.