Insights Pulse Insights

Jun 15

VIDEO: Walking Through the SanR Experience, and All it Offers! 15-06-24, 04:01

πŸ“Ί Our latest video goes through all of the ins and outs of Santiment's newest entry in the SocialFi space, SanR, which you are likely already aware of! See a first-hand experience of how Web3Matters and others in the Santiment community earn nice crypto prizes for market predictions, and how they learn from pro traders' calls along the way.


Jun 14

Tether and Toncoin Seeing Significant Rise in Social Volume 14-06-24, 22:54

πŸ—£οΈ As the weekend approaches and crypto sees a slight rebound, the top trending coins among social platforms are:

πŸ’°Tether: Increased usage and adoption across Binance, Bitget, ByBit, and KuCoin
πŸͺ¨Toncoin: Price surge above $8 and upcoming launch of TapSwap on the TON blockchain

Ethereum's Largest Wallets On and Off Exchanges Show Vastly Contrasting Trends 14-06-24, 20:15

🐳 The top 100 Ethereum wallets on exchanges recently fell below its May, 2018 all-time low, now at 8.41M total $ETH. This is a sign of increasing distribution over time.

Meanwhile, the top 100 non-exchange wallets tell the opposite story, holding an all-time high 68.39M $ETH.

The Crowd's Fear May Bring Some Mild Weekend Cheer 14-06-24, 18:29

😨 The crowd is showing fear after Bitcoin has fallen to $65K, its lowest market value since May 16th. Spikes in mentions of #selling or #takingprofit are common after a drop, and a temporary bounce and buy opportunity may form if we see continued FUD & panic from small traders.

Signs of capitulation: Bitcoin miners sell at a high pace, reserves at 2-year lows 14-06-24, 11:28

The Bitcoin miners’ reserves dropped aggressively to June 2022 levels when BTC was trading below $20,000.

Bitcoin supply held by miners. Source: Santiment / Vini Barbosa (@vinibarbosabr)

As of this writing, miners hold 1.8 million BTC, while Bitcoin trades at $66,800. This represents a relevant contrast from the 2.01 million BTC held a few weeks before March’s all-time high of $73,000, evidencing a sell-off as the maiden cryptocurrency consolidates in a 4-month price range.

Bitcoin mining is a highly competitive and high-cost business activity directly reliant on the leading cryptocurrency price action. Miners can often see themselves operating underwater amid extended bearish or consolidation periods, forcing some to capitulate from mining.

In particular, data retrieved from MacroMicro indicates this is happening right now, with an average cost of $83,668 per mined Bitcoin.

Bitcoin Average Mining Costs. Source: MacroMicro

Read the full report on Finbold, covering other metrics and sources:

Follow me on 𝕏 @vinibarbosabr

Crowd Mentions Related to 'Buying Bitcoin' Spiked BIG on This Latest Dip 14-06-24, 01:39

πŸ€‘ Bitcoin's second stop below $67K Thursday resulted in the 2nd largest spike in crowd $BTC buying interest in the past 2 months. FOMO and greed comes in two ways:

1) Price erupts and traders want to jump in with hopes of prices continue climbing (as we saw on May 20th)

2) Price drops, traders don't believe dip was warranted, and buy in hopes of a quick recovery (as we saw on June 13th)

Were you in either of these camps around these times? Are you taking profit in fear of prices going down further? Or perhaps, you're just sitting patiently with your bags?


Jun 13

Top Cap Assets are Showing Far Less Coins Held By Their Respective Top Exchange Wallets 13-06-24, 21:49

🐳 The top 10 exchange wallets on the #ShibaInu, #Chainlink, and #Ethereum networks, respectively. Since May 27th, their holdings have shrunk by:

πŸ“‰ $SHIB: -2.4%
πŸ“‰ $LINK: -2.9%
πŸ“‰ $ETH: -8.6%

Decreasing exchange supplies should be considered a good sign for bullish traders. πŸ‘

Flow is the NFT Project Seeing the Most Notable Development Over the Past 30 Days! 13-06-24, 15:53

πŸ§‘β€πŸ’» Here are crypto's top NFT-related coins by notable development activity in the past 30 days. This list is compiled by counting any non-redundant github activity of each project. Flow has overtaken Decentraland for the #1 spot after the projects were flipped in last month's update:

πŸ“ˆ1) Flow $FLOW πŸ₯‡

πŸ“‰2) Decentraland $MANA πŸ₯ˆ

➑️3) Metaplex $MPLX πŸ₯‰

πŸ“ˆ4) Axie Infinity $AXS

πŸ“‰5) Enjin $ENJ

πŸ“‰6) The Sandbox $SAND

πŸ“‰7) Aavegotchi $GHST

πŸ“ˆ8) Bounce $AUCTION

πŸ“ˆ9) Punk $PUNK

πŸ“ˆ10) Nftx Hashmasks Index $MASK

Check out our NFT watchlist here to track development activity fluctuations, and see which are flashing on-chain or social bullish signals.

Read our latest writeup on the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for #crypto trading.

Bitcoin's Supply Moving Away From Exchanges is a Promising Sign of an Eventual ATH Break! 13-06-24, 01:13

😎 Bitcoin's supply on exchanges has now dropped to its lowest level since December, 2021 (~942K coins). Meanwhile, Ethereum and Tether are moving back on. Historically, there is less drop-off risk for all of crypto while $BTC's available supply to be sold is limited.