May 13
π #Bitcoin's funding rate is rising on exchanges like #DyDx and #Deribit. To avoid history repeating itself after last week's top, those #bullish on #crypto want to see $BTC #FOMO staying low, with #shorts opening at the same (or higher) rate than longs.
π With #bearish sentiment high, #crypto markets have continued to slip over the past week. Overall, the market has dropped -3.6%, and volume is -27% lower than the previous week. $TON, $KAS, $RUNE, and $AKT have kept traders hopeful.
Use Santiment's data screener here to keep track of social and price fluctuations to find the opportunities that will fit your portfolio best!
May 11
#Bitcoin's #onchain activity is approaching historic lows as traders have dramatically slowed transactions in the 2 months since its #alltimehigh. This isn't necessarily a sign of more $BTC dips, but rather a signal of crowd fear and indecision.
May 10
π€ Traders are showing weak #buythedip interest in #Bitcoin's latest retrace down to as low as $60.2K today. Generally, the crowd's lack of faith is a strong sign of prices being close to a #bottom. Track social interest levels on this chart to see if #FUD stays high.
ππ£οΈ $VELO has been gaining a great deal of traction amongst #crypto traders lately, being referred to as the "XRP of South East Asia". In 6 weeks, its price is +358%. Meanwhile, $UMA has seen a big jump in interest following its +50% gain over the past 36 hours.
See the #bullish and #bearish explanations for both assets, as well as breakdowns for the entire top 10 trending list on the Santiment Trending Coins page here!
πΊπΈ Much of the attribution to these latest #memecoin rises are going to #DonaldTrump and his pro-#crypto endorsements. As shown, mentions of #Trump soared near the #cryptocurrency local bottom, along with #Biden, who traders fear anti-crypto policies with.