Crypto Market Analysis: Bullish Signs for Bitcoin and Ethereum Amidst Low Exchange Supply.

Santiment, a crypto analytics firm, has stated that on-chain data is indicating renewed bull runs for Bitcoin and Ethereum. The firm's data shows that both cryptocurrencies are seeing historically low supply on exchanges, with more of their supplies being moved into self-custody wallets. Santiment is also paying attention to low and mid-cap altcoins, such as Metal and Power Ledger, which saw heavy whale and shark activity last week. Previously, Glassnode, another crypto insights firm, concluded that BTC is well into its bear market recovery phase.