Crypto Traders Face Historic Losses: ‘Extreme Buy Zones’ Signal Opportunity

On-chain analytics firm Santiment has revealed a concerning trend in the crypto market: major cryptocurrencies are now facing historically deep losses, with trader performance over the past 30 days hitting some of the most negative readings all year. This is reflected in their data showing wallets active during the last month are averaging returns that are far below break-even, signaling that several assets are entering what Santiment calls ‘Extreme Buy Zones’.