Santiment's latest data indicates a significant wave of panic selling among small traders in Bitcoin, Ethereum, and XRP. Bitcoin wallets holding less than 0.01 BTC have sold 0.36% of their supply in the past five days. Similarly, Ethereum wallets with under 0.1 ETH have offloaded 0.90% over the last month, while XRP wallets with fewer than 100 tokens have sold 1.38% since early November.
This trend is seen as a potential sign of market capitulation, with Santiment suggesting that increased retail outflows could lead to price stabilization and recovery. The current level of Bitcoin retail selling is the highest in two months, indicating that the final stage of capitulation may be underway, potentially setting the stage for a market rebound.
Santiment Reports Retail Panic Selling in Bitcoin, Ethereum, and XRP
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