Apr 18
📈 #Crypto markets have seen a boost today, as #Bitcoin has jumped back to $63.8K with just over 36 hours until its #halving event. The crowd has maintained a consistently #bearish sentiment toward top caps, which strengthens the argument for more rising. Remember that markets typically move in the opposite direction of the crowd's expectation!
Feb 27
📊 With #crypto markets soaring to new heights, and many market caps exceeding levels last seen in 2021 or 2022, large cap project trading volumes have reached their highest level since the collapse of #FTX. #Bitcoin, in particular, is seeing a significant surge both on exchanges and via Spot #ETF's.
Historically, we have seen these massive spikes associated with temporary tops or bottoms. More organic growth in trading volume is generally preferred when identifying signals for continued market cap growth. Note that this major rise in volume is coinciding with a 4:1 ratio between profit taking and loss taking.
Feb 5
🐻 With #crypto market caps ranging and lacking the usual growth traders have been accustomed to since the #bullcycle began in October, there is a notable #bearish sentiment that has taken hold of #crypto discourse this week.
#Bitcoin, #Ethereum, #BinanceCoin, #XRPLedger, #Cardano, and #Solana are all uniformly in a more negative crowd sentiment range than their historic averages. This is the first time in over 6 months that this has occurred.
When traders become concerned and show #FUD across multiple large assets, it is a signal that market caps have a higher likelihood of seeing an impending bounce. Markets historically move in the direction of the crowd's least expected direction, making a rise catch many #short traders off guard.
Check out the link to our weighted sentiment comparison chart!
Dec 20
🤞 Following yesterday's news of #Blackrock's revised #ETF proposal for the #SEC's approval, which now includes the addition of cash redemption, trader optimism has jumped. In previous instances of anticipation of ETF approval, prices have jumped.
Thus far, this small rally has been no different. #Bitcoin is +3% since the news hit mainstream discussions. #Altcoins like #Solana, #Chainlink, and even #BinanceCoin are enjoying mini surges as well.
Dec 13
"Binance" is leading a troop of trending topics on Tuesday, December 13th, according to Top 10 Hourly Trends tool.
If we combine all words connected to Binance FUD and visualize it's dominance across crypto social media, we can see this:
It's huge. It's almost 24% of all messages.
For comparizon, "cpi" takes 0.43% domination, see for yourself:
Next, Binance has a massive own blockchain populated with thousands of popular coins. Which ones are most responsive to the topic? In other words, most active.
We can use a screener based on active addresses count filter. Top coins are:
Most action takes place in stablecoins on BNB Chain, wallet coins and a few other popular ones.
Finally, lets have a look at rather big BUSD holders behaviour:
They are decreasing their holdings and that’s a sign of, lets say, a stressed market.
People don’t trust, finally, a centralized stablecoin.
Do you?
Apr 14
Apr 8
Apr 7
Apr 6
Mar 16
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:
