The post Santiment Identifies Promising Signs for Bitcoin (BTC) and Ethereum (ETH) Bull Runs appeared first on Coinpedia Fintech News

Bitcoin and Ethereum, the two largest cryptocurrencies, are showing signs of future price increases, according to a report by Santiment, an on-chain data vendor. 

The report states that investors are actively withdrawing their Bitcoin and Ethereum holdings from crypto exchanges and moving them to secure cold storage wallets. This trend suggests that investors are becoming more confident in the long-term potential of these cryptocurrencies. 

While it is not a perfect indicator, the decrease in the supply of Bitcoin and Ethereum on trading platforms and the increase in self-custody storage is seen as a positive signal for future bull runs. However, it is important to note that these bull runs may take some time to materialize. At the time of writing, Bitcoin is trading at $26,905, while Ethereum is priced at $1,814.