Insights Pulse Insights

Mar 28

On-chain signs: bearish vs bullish 28-03-23, 16:53

Bearish


If we look into Ethereum itself, we might see massive divergencies across many metrics.

Source: Sanbase

All above are red flags suggesting a dump. Divergencies quite massive all over the board, we might need to dive deep to reset it.



Bullish


There is a reaction from holders that are probably scared by recent negative news - stablecoin dolphins and sharks:

Source: Sanbase
Source: Sanbase

And also some increased onchain activity on a number of altcoins forming a positive bullish divergence. For example, UNI:

Source: Sanbase

The period of increased volatility is here. What's your bet?


Charts:

Mar 21

Mar 18

Mar 6

Mar 3

Feb 28

Feb 24

Feb 17

Feb 6

Aptos holders, bid farewell to your gains 6-02-23, 09:28

The APT token experienced a substantial price decline in the last week following a prolonged rally. According to CoinMarketCap, APT ranked as the cryptocurrency asset with the most losses in the last seven days.


A look at the daily chart revealed that holders have heavily distributed their APT tokens. The position of the CMF lent credence to this. It was positioned at -0.01 at the time of writing. A negative CMF indicates a decline in buying pressure and is usually accompanied by a price drawdown.


Further, the Aroon Up Line was in a downtrend at 21.43%. When the Aroon Up line is close to zero, the uptrend is weak, and a price decline is underway.


Source: TradingView


Weighted sentiment for APT was negative and has so been since the month started. This showed that negative sentiment lingered in the market as investors remain unsure of a continued price rally.


Source: Santiment

Feb 1