Santiment Highlights Bearish Signals for WLD, SPX, XCN, LDO, and CRO as Exchange Activity Spikes

The crypto analytics platform Santiment has highlighted potential bearish signals for several altcoins, warning that increased activity on exchanges could indicate upcoming sell-offs.

Crypto analytics platform Santiment has unveiled potential bearish signals for several altcoins, warning that increased activity on exchanges might indicate upcoming sell-offs.

In a recent X post, the platform highlighted several notable assets, including Worldcoin (WLD) and the memecoin SPX6900 (SPX), being moved to exchanges in significant volumes. This activity, according to Santiment, often precedes declines in an asset's price as more supply becomes available for trading.

Other tokens exhibiting similar patterns include Onyxcoin (XCN), Lido DAO (LDO), and Crypto.com’s native utility token (CRO). Santiment noted that these assets are seeing transactions exceeding $1 million as they flow into exchanges, suggesting traders should monitor these tokens closely.

Meanwhile, Santiment provided insights into Bitcoin’s performance, noting that wallets holding at least 100 BTC have reached their second-highest level since December 2017, a period that marked the peak of a major bull market. This metric, coupled with Bitcoin’s recent climb to a one-month high of $105,970, reflects growing accumulation among large holders.

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In addition to these trends, Santiment pointed out that discussions around key topics like inflation, payments altcoin XRP, and artificial intelligence (AI) are shaping market sentiment and driving conversations within the crypto community. These narratives may play a role in influencing investor behavior in the weeks ahead.