Ethereum

Aave

Compound

DeFi

Rise

While the US inflation data being below expectations excites Bitcoin and altcoins, investors are wondering whether the rise will continue. 
While the issue of ascension remains unclear, a new post came from Santiment. 
Stating that bullish investors are chasing buying opportunities, Santiment said that bullish investors are waiting for liquidations on DeFi platforms. 
Accordingly, investors expect increased liquidations in Aave and Compound as a bullish signal and buying opportunity. 
At this point, Santiment said that historically, when liquidations rose in Aave and Compound, these liquidations were immediately followed by forced sales, followed by market recoveries due to opportunistic buying by key investors. 
According to Santiment, bullish investors are following Aave and Compound for the rise in the price of Bitcoin (BTC) and Ethereum (ETH), with liquidations there pushing Bitcoin to $70,000; He expects Ethereum to rise to $4,000. 
<blockquote> 
 “DeFi liquidations are still noticeably absent. 
 Historically, when Aave and Compound liquidations surge as we see in these charts, this is immediately followed by forced selling followed by market recoveries due to opportunistic buying from key stakeholders. 
 “Bullish investors are looking at these liquidations as a sign that Bitcoin and Etheruem could quickly return to $70,000 and $4,000 respectively.” 
</blockquote> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> DeFi liquidations are still notably absent. Historically, when Aave and Compound liquidations spike like we see on these charts, it is followed immediately by market rebounds due to the immediate forced selling followed by opportunistic buying from key stakeholders. Bullish… <a href="https://t.co/gjYiukQxbP">pic.twitter.com/gjYiukQxbP</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1800626930859073588?ref_src=twsrc%5Etfw">June 11, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/investors-expecting-a-rise-in-bitcoin-and-ethereum-are-following-these-altcoins/">Investors Expecting a Rise in Bitcoin and Ethereum Are Following These Altcoins!</a>

Investors Expecting a Rise in Bitcoin and Ethereum Are Following These Altcoins!

Bitcoin Sistemi EN

Other articles published on Jun 12, 2024

Crypto: Market crash. Bitcoin and Ethereum waver

Investors Analyze ALGO Coin Amid Market Volatility

Solana (SOL) and Dogecoin (DOGE) Reach Critical Make-or-Break Levels: Where Are Their Prices Head...

Best Crypto Presale in June 2024, MoonBag, Beats BitBot & Ripple as MBAG Gets a $0.25 November Pr...

Crypto price forecasts: Render, Floki, Arweave

Ethereum’s Price Surge Faces Resistance at $3,660: Will Bulls Prevail?

Join our free newsletter for daily crypto updates!