Insights Pulse Insights

May 19

May 12

DAI. Flight to quality/security 12-05-22, 15:15

Do you want to see a flight to quality? This is how it looks like.

Stablecoin (DAI) holder's balance rapidly growing since market started to crash.

And it has only increased since LUNA drama started.

A history of the market on one chart.

DAI holders balance against BTC and LUNA


Apr 26

Apr 13

Apr 8

Mar 30

AAVE: exhausted or not yet? 30-03-22, 17:30

Aave has been one of top pumping coins last days.

Digging into it's metrics we might notice that most AAVE metrics are looking good and healthy. Confident whales in 'buy' mode, network activity increasing - all good.

However a couple of red flags are clearly visible.

  1. MVRV 30d:

MVRV is too high. There is a high risk of short term traders taking profits and therefore pressing the price down. Cause this is exactly what MVRV 30d metric is about - average profit of 30d AAVE holders.

2. Whale Transaction Count

Whales transactions count seem to spike around price tops, this is what historical performance shows on the chart above. And the lates spike could also mark a local price top.

Complete onchain metrics AAVE overview:

Mar 24

DYDX and it's growth. The Network Growth 24-03-22, 18:37

One of Santiment screeners has brought DYDX to our attention earlier today.

It was the "DAA Anomalies" screener where DYDX flashed a spike in Daily Active Addresses:

The last spike seems quite unusual indeed for a stagnant price. Bullish divergence?

Then we found an astonishing Network Growth for DYDX. Have a look at this beauty:

It's in a very strong uptrend potentially able to pick up the price, along with strong Active Addresses. Previous attempts to pump took place on even lower Network Growth.

Possible confidence markers:

  • Price breaking 5.4 USD (above resistance)
  • Network Growth remaining over 118 (current value)
  • Active Addresses more than 380 (current level)


Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

Mar 15

Chainlink and its circulation patterns 15-03-22, 19:53

Chainlink has our attention today because of a long period of losses visible on Network Profit Loss:

What does it mean? Since January, most LINK tokens were moved at a loss. Of course if we assume their previous moves as purchases, last moves as sells. Basically it's one of a bottom indicators. Just one.

Then we discovered an interesting token circulation pattern:

There were a few times when circulation increased, then dumped, and then price surged.

There is a chance we are now in a similar pattern.

If we compare it to LINK and it's circulation one year before...

...Then we could notice some difference. The pattern above working a bit differently. That could be the sign of a bull market itself. Circulation increases, then a lag happens, and then the price grows. Do you notice anything else?

Chart used:

Jan 31