Jul 30

Hottest Topics of the Day Dominated by Sleep

30-07-21, 09:06

References:

Sleep, meditate - https://twitter.com/novogratz/status/1420684183366782981
Robinhood - https://finance.yahoo.com/news/robinhood-flirts-worst-debut-ever-172454124.html

Santrends

Jul 29

Hottest Topics of the Day Dominated by Senator Warren

29-07-21, 10:29

References:

Warren, Elizabeth, shadowy, drugs - https://www.cnbc.com/2021/07/28/sen-elizabeth-warren-doubts-bitcoin-as-inflation-hedge-wants-tighter-regulation.html
Estate - https://twitter.com/udiWertheimer/status/1420446224717684736
XRP - https://www.coindesk.com/xrp-cheers-ripples-japan-philippines-corridor-as-bitcoin-breaks-above-40k-ahead-of-fed

Santrends

XRP

While most top blockchains continue to struggle with an ongoing decline in daily network activity, Litecoin didn't seem to get the memo:

Despite a -13.8% drop in price, the amount of unique addresses interacting with LTC has grown by +47.5% over the last 10 days. Potential bullish divergence?

It's also worth noting that Litecoin's 365-day MVRV ratio is currently sitting at -39%, virtually the same level that marked the 2019/2020 bottom (respectively):

Historically speaking, there's still more room to the downside, but it'll be interesting to see if -40% gets confirmed as a de-facto 'bounceback' zone in days to come.

Oh, also, addresses holding 1k - 100k LTC have increased their holdings by 270,000 LTC (~$30m) since the start of the month:

Still early to tell, but I'd keep an eye on Litecoin's daily addresses this week. If the growth proves sustainable, it would be a rare example of network strength among crypto's top caps.

Ibis

LTC

Jul 13

Hottest Topics of the Day Dominated by Binance

13-07-21, 08:44

References:

#BinanceFutures, #ResponsibleTrading - https://twitter.com/binance/status/1414524178884009984
Seed, phrase - https://www.reddit.com/r/CryptoCurrency/comments/oip4mi/if_you_want_to_join_me_in_watching_metamask/
Netflix - https://twitter.com/CryptoCobain/status/1414716228862685188

Santrends

Bitcoin Market Health Checkup - Is it... Is it Still Alive?

13-07-21, 07:07

I recently did a quick market health checkup on Ethereum, which you can check out here. Now, as Bitcoin continues to bore people to tears as it ranges between $31k and $36k for the fourth straight week, let's see what our key metrics are saying:

Bullish Signs

% Supply on Exchanges

Bitcoin's supply on exchanges continues declining, which diminishes the risk of another major selloff.

Weighted Social Sentiment (Twitter)

The crowd sentiment toward Bitcoin, which means buying against the crowd can be profitable.

Neutral Signs

MVRV (30-day)

Average 30-day returns (a useful combo timeframe for both short and mid-term trading) are -4.32%, which essentially means average traders are about even.