🐳💥 #Cardano's whale transactions exceeding $100K in value has exploded to the highest amount since November 8th. These spikes in whale activity historically correlate with potential price reversals. $ADA's market cap has shrunk -43% since March 13th.

📊 The total amount of non-empty #Bitcoin wallets are rapidly growing despite choppy prices. #Altcoin wallets for assets like #Dogecoin have flattened after enormous rises earlier this year. #Cardano is one of the few networks to see active wallets drop.

📈 This week, the #Ethereum network is seeing its highest ratio of profitable #onchain transfers since November, with a 2.3 to 1 ratio of coins moving at a profit vs. loss. Meanwhile, #Bitcoin's ratio is also quite high at 1.8 to 1. #Cardano is one of the few seeing more loss transactions than profitable ones.

Generally, high profit taking is a decent mid-term signal for local tops potentially being on the horizon, as was illustrated when we saw a similar #crypto market setup for this Santiment metric back in late November.

Explore the link to this chart, and feel free to insert other projects you may be interested in!

📊 With #crypto markets soaring to new heights, and many market caps exceeding levels last seen in 2021 or 2022, large cap project trading volumes have reached their highest level since the collapse of #FTX. #Bitcoin, in particular, is seeing a significant surge both on exchanges and via Spot #ETF's.

Historically, we have seen these massive spikes associated with temporary tops or bottoms. More organic growth in trading volume is generally preferred when identifying signals for continued market cap growth. Note that this major rise in volume is coinciding with a 4:1 ratio between profit taking and loss taking.

🧑‍💻 Here are #crypto's top projects, sorted by notable #github activity in the past 30 days:

1 Internet Computer $ICP
2 Cardano $ADA
T3 Polkadot $DOT
T3 Kusama $KSM
5 Optimism $OP
6 Hedera $HBAR
7 Status $SNT
8 Cosmos $ATOM
9 Ethereum $ETH

10 Sui $SUI

Read about the Santiment methodology for filtering by notable #github activity here!

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📊 The past 7 days of #crypto trading volume has totaled $288B, according to our 2,842 tracked assets. This is a -22% drop compared to last week. Traders are showing decision paralysis, and #FOMO or #FUD should return once we see the next big market swing.