🧐 The trader euphoria toward crypto appears to have peaked during the late US hours when traders recognized the likely outcome of Trump being elected as the 47th US president.

For now, the FOMO has settled down mildly after Bitcoin topped at $75K approximately 15 hours ago. There are signs that traders are fearing that this was the highest BTC will go for the time being, which INCREASES the chances of prices going even higher. But this speculative driven bull rally will only go as far as the community's doubts.

If you are long right now, you should be rooting for crypto FUD to be dominating your timeline, and other retail traders heavily taking profit.

🥳 Bitcoin's market value has jumped approximately +5.4% in the past 3 hours alone on US election night, and has officially hit an all-time high of $75K. Comments suggest this pump is very much related to more perceived pro-crypto candidate, Donald Trump, seeing an early lead as voting results come in.

The sentiment toward BTC shows an overwhelming amount of FOMO at the moment, with 5.5 positive comments for every 1.0 negative comment across social media. With an all-time high potentially happening imminently, expect major volatility and notably sentiment-driven price movement until (and likely shortly after) this historic election is decided.

🧑‍💻 Here are crypto's top Real World Assets (RWA's) by development. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) Chainlink $LINK 🥇
➡️ 2) Synthetix $SNX 🥈
➡️ 3) Dusk $DUSK 🥉
➡️ 4) Oraichain $ORAI
📈 5) Sky $SKY
📉 6) Maker $MKR
➡️ 7) Polymesh $POLYX
📈 8) KlimaDAO $KLIMA
📉 9) IxSwap $IXS
📈 10) Centrifuge $CFG

Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading!

📈 Bitcoin has jumped back above $70K prior to US election results coming in later today. Several memecoins and AI/Big Data altcoins like DOGE, SHIB, FET, BONK, & POP, are also spiking. The S&P 500 is also up big as well, which is a strong sign of later November growth.

📉 With the exception of Sui (+3.3% in 7 days) and a few minor gainers like Zeebu (+1.4%), crypto markets have corrected significantly since its price top last Tuesday (Oct. 29th).

Except for any potential bounce to only begin once clarity on the US presidential election starts taking shape.

Remember that any result is not about what actual economic impact these election results are likely to have... it will be on how the crowd perceives the likely impact (regardless of whether it's a pro-crypto outcome or not).

📊 As traders wait for clarity in crypto markets, Bitcoin has been seeing a notable decline in the amount of non-empty wallets. 211.5K less addresses exist compared to 3 weeks ago, a strong sign of FUD that typically is associated with future bullish price performances.

Meanwhile, Santiment also picked up a drop of -11.6K USDC wallets in a single day this weekend, as stablecoin behavior fluctuates wildly.

Also, keep an eye on Dogecoin wallets suddenly rising rapidly (+46.4K in one week). This is a sign of traders speculating and gambling on memecoins, even after last week's local top.

🇺🇸 With US election results ready to being pouring in November 5th, crypto traders are gearing up for volatility and unpredictability.

With Bitcoin hovering at $67.9K, there has been a large spike in mentions related to Donald Trump, particularly on X.

🐳 With this week being headlined by the US announcing the results of a particularly polarizing election (to say the least), crypto traders are 'expecting the unexpected'. This is particularly true with Bitcoin's whales, which have been showing declining amounts of transfers since last week's sudden spike near the top.

📊 Look for these spikes in whale BTC transactions as generally reliable signs of potential price reversals for all of cryptocurrency.

⏳Passivity from whales does not necessitate that prices will go down, as this is a common misconception. Instead, it usually indicates they are awaiting the crowd's reaction to an event and awaiting the volatility that smaller traders create before they join the party.