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Sep 16

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May 28

May 13

Perpetual Contract Funding Rates Revealing Uncertain Future
13-05-21, 08:19

The BitMEX Perpetual Contract Funding Rate is an important way to gauge whether the crowd on one of crypto's top exchanges, is getting overly greedy or fearful.


The metric is defined on our Santiment Academy as a fee paid by one side of the perpetual contract to the other. When the funding rate is positive, Longs pay Shorts. When the funding rate is negative, Shorts pay Longs.


So in essence, as traders, we're looking for high funding rates (greed) to be indicative of a potential upcoming top, and low funding rates to indicate a potential bottom (fear).


Bitcoin

0.01% funding rate is low for Bitcoin, and slightly bullish while down at this level.



Ethereum

0.08% funding rate is average for Ethereum.



XRP

XRP's funding rate is quite high at 0.15%. Somewhat bearish.




Litecoin

Litecoin's funding rate is mildly above average at 0.09%. Just slightly bearish.



Chainlink

Chainlink is average at 0.08%.



Bitcoin Cash

Bitcoin Cash is above average at 0.11%. Slightly bearish.

Mar 29

Mar 24

Chainlink's On-Chain and Social Fundamentals: A Snapshot of Where We Are
24-03-21, 07:12


March has been a rollercoaster for LINK Marines, as Chainlink's price fluctuated between $26 and $32 after its late February all-time high of ~$36.83. Let's see how some of its key metrics are looking:



Supply Help by Top 10 Exchange and Non-Exchange Addresses

The top 10 non-exchange LINK holders are holding around 2021-high levels, an encouraging sign. In the same respect, the top 10 exchange LINK holders the lowest amount since November, 2017. This lack of tokens available to sell off is also promising.



Weighted Social Sentiment

LINK is not having a major amount of discussion, and this is actually a good thing. Our studies prove that assets are more likely to rise when crowd discussion is dormant.



Daily Active Addresses & Deposits

Address activity has been declining, but at least deposits are also on the decline.



Whale Supply Distribution

The amount of whale holders with at least 10k $LINK continues to decline, a less than promising indication.

Mar 23

Mar 16

Address Activity Comparison of a Few of Crypto's Top Projects
16-03-21, 00:01


Bitcoin, Ethereum, Binance Coin, and Chainlink have all seen their share of expected growth of addresses interacting on their respective networks. But some have been much more active in contrast to others these past six months.


Below is a chart showing which projects are still showing solid activity through this extended bull run, while others are revealing signs of tapering off in regards to this impactful and predictive metric:

Quick thoughts:

Clearly, Ethereum (in blue) has been showing the most long-term growth among these four juggernaut assets, combined with the least amount of fading.


Bitcoin had its peak right at the beginning of 2021, It hasn't shown a serious decline, but the gradual dropoff back to around 1.10M addresses a day is a concern.


Both Chainlink and Binance Coin have had isolated spikes, with LINK particularly throwing up a caution flag, reverting back to about a 2-month low.




Here's a more zoomed in perspective, for reference:



Mar 11

Comparing Weighted Social Sentiment for Crypto's Top Projects
11-03-21, 08:30


Our popular 'Weighted Social Sentiment' charts are finally back! They're once again available here for our PRO members to explore how positive vs. negative commentary is looking in real-time for 1,000+ assets.


Weighted social sentiment combines the positive/negative commentary, and multiply by the amount of social volume. Generally prices top out when this gets too high, and bottoms when getting too low.



Bitcoin

BTC's at its most negative sentiment in 5 months, in spite of it pushing toward its recent all-time high.



Ethereum

Ethereum isn't quite at an extremely low negative level like Bitcoin, but it's seeing some similar negative commentary currently.



XRP

XRP has been just slightly negative for upwards of a month now.



Chainlink

Chainlink has quietly become more negative, and is sitting at its lowest level since October.



Polkadot

Polkadot very recently took a bit nosedive after what appears to be a double top.



Cardano

Cardano is finally neutral again after its most euphoric social sentiment in over a year.