Santiment referenced 2017 and 2021: "Despite the Decline, Bitcoin and These Two Altcoins Signal an Increase!"

In the recent days, there have been sharp declines in Bitcoin (BTC) and altcoins, while Santiment said that an overlooked indicator gave a bullish signal.

According to this, Santiment shared that the "Mean Dollar Invested Age" data is frequently overlooked in the market. Please provide the text to be translated Santiment said the metric supported the continuation of a long-term uptrend despite the significant downturn in the market.

According to Santinment data, Bitcoin's average investment age is 439 days, XRP's is 865 days, and Dogecoin's is 370 days, indicating that BTC's investment age has decreased by 31% in the last 60 weeks, XRP's by 22% in 14 weeks, and DOGE's by 31% in 8 weeks.

"Average Dollar Investment Age", one of the most overlooked metrics in the crypto world, is signaling an increase this week despite the overall market pullback.

Average Age of Investment:

BTC 439 days (31% younger in 60 weeks)

XRP 865 days (22% younger in 14 weeks)

DOGE 370 days (31% younger in 8 weeks)

According to Santiment, when the Average Dollar Investment Age line of a cryptocurrency moves downward, it indicates that old and inactive wallets are becoming active again, putting their coins back into circulation and increasing network activity.

Referring to bull markets in 2017 and 2021 with respect to this indicator, Santiment said that the rally continues until the average age of the relevant assets starts to increase again.

Santiment, indicating that this indicator followed the same path in 2024, said that price fluctuations could continue in the short term, but this indicator gives a signal of rise in the medium and long term.