📉 Trading volume among crypto's 10 largest stablecoins has dropped to roughly 1/4th of the level we saw in the midst of the bull cycle in early December. Several factors are contributing to this:

📌 Trader Fatigue: Following the all-time high top back on January 19th, both institutional and retail traders have increasingly moved capital and taken profits while awaiting new catalysts.

📌 There have been new regulatory announcements in major markets, raising the level of uncertainty and causing traders of all sizes to take more of a 'hodling' approach for the time being

📌 Bitcoin's supply on exchanges recently reached a 7-year low, indicating trader contentment with executing less on-chain trading on a daily basis

🐳 With altcoins continuing to increase their market caps as the week draws to a close, pay attention to the networks seeing the highest rises in the amount of $100K+ whale transactions:

🪙 1) Aave (On Polygon) $AAVE: +267%

🪙 2) HEX $HEX: +256%

🪙 3) OKX $OKB: +200%

🪙 4) Cardano $ADA: +193%

🪙 5) Optimism $OP: +140%

🪙 6) Trillioner $TLC: +133%

🪙 7) Bitcoin Cash $BCH: +128%

🪙 8) Curve $CRV: +100%

🪙 9) Bitdao $BIT: +100%

🪙 10) Gate $GT: +100%

These projects could see significant over-performances throughout the next few weeks if markets continue to rally due to signs of potential accumulation coming from many of these increased whale transfers.

🧑‍💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) Internet Computer $ICP 🥇

📈 2) Chainlink $LINK 🥈

📈 3) Optimism $OP 🥉

📉 4) Cardano $ADA

➡️ 5) Starknet $STRK

📉 6) Hedera $HBAR

📈 7) Ethereum $ETH

📉 T8) Polkadot $DOT

📉 T8) Kusama $KSM

📈 10) Eigenlayer $EIGEN

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

📊 In terms of cryptocurrency discussions on X, Reddit, Telegram, 4Chan, Bitcointalk, and Farcaster, Bitcoin (in teal) is leading the way as usual. Cardano (in pink) is seeing a massive rise compared to usual, while Ethereum (red) and Dogecoin (orange) are nearly non-existent.

🐳📈 Cardano's market cap has recovered by +11% on a day where most cryptocurrencies have retraced.

One thing to continue watching is the continued behavior of whales and sharks. Wallets holding at least 1M $ADA have been consistently accumulating since late November of 2023, adding 1.41B more coins and 2.35% of the entire supply during this 15-month stretch.

Through all of the volatility, the altcoin's price has grown by +107% since this whale and shark accumulation cycle began. 👍

🧑‍💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) Internet Computer $ICP 🥇
📈 2) Hedera $HBAR 🥈
📈 3) Cardano $ADA 🥉
📉 4) Chainlink $LINK
📉 5) Starknet $STRK
➡️ 6) Optimism $OP
➡️ 7) Polkadot $DOT
➡️ 8) Kusama $KSM
📈 9) Ethereum $ETH
📈 10) Deepbook $DEEP

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

🥳 With crypto coming to life again on Tuesday, commentary across social media reveals positive sentiment forming toward Solana, Dogecoin, and Cardano.

🤔 Meanwhile, things are much more polarized for top 3 assets Bitcoin, Ethereum, and XRP.

📊 As 2025 has kicked off with roller coastering prices for crypto's top assets, the amount of hodlers have fluctuated wildly since the new year:

🪙 Bitcoin $BTC: +102K Wallets
🪙Ethereum $ETH: +645K Wallets
🪙XRP Ledger $XRP: +58K Wallets
🪙Cardano $ADA: +2.8K Wallets
🪙Dogecoin $DOGE: +29K Wallets
🪙Chainlink $LINK: -3.3K Wallets

If wallets are rising fast, the community is comfortable in the project for the long-term. If wallets are dropping, there may be some excess FUD that indicates an opportunity to buy (as a contrarian to the panicking crowd).

📺 A rocky start to 2025 has led to polarizing reactions from the crypto community. However, Santiment data indicates plenty of positive signs for traders with the patience to ride this out. Enjoy our latest video with Thinking Crypto!

📊 Average trading returns are a great representation of whether 'buying low' or 'selling high' is actually the right timing. Currently, wallets active in the past 30 days are in negative range for BTC, ETH, ADA, and DOGE, and the vast majority of altcoins.

When MVRV's are negative, this means a buy or addition to your holding is doing so while others are already at a loss. Historically, these 'blood in the streets' moments are when professional traders make money.

Trade with caution, and do not assume these opportunity zone signals will lead to an immediate turnaround. But probabilities are pointing to at least a short to mid term turnaround for crypto shortly, assuming economic or geopolitical factors don't get in the way. 🌎