Insights Pulse Insights

May 17

Bullish Sentiment Has Returned Following Bitcoin's Big Moves! 17-05-24, 16:44

πŸ₯³ The crowd's sentiment has shifted toward #Bitcoin after the surprise bounce above $66K Wednesday (and now above $67.2K). Additionally, #Chainlink is seeing its most #bullish sentiment in over a year. #FOMO staying low will help these rises continue. Check out our weighted sentiment comparison chart here, and monitor how this #bullish sentiment develops.

May 14

Top Caps are Universally Negative For Just the 3rd Week in 6 Months 14-05-24, 15:39

πŸ˜’ Crowd negativity is very prevalent among top caps as they have failed to show sustained rebounds to keep traders interested. #Coinbase's outages and withdrawal freezes appear to be exacerbating this. #FUD could be big enough to propel a rebound soon.

May 9

The Crowd's Negative Sentiment May Be the Positive You're Waiting For! 9-05-24, 16:09

πŸ˜’ The sentiment toward #crypto's top cap assets is still rather negative. This has been the case since the April 19th $BTC #halving didn't immediately result in rising market caps throughout #cryptocurrency. With uncertainty high, small wallets dropping out of the sector may be the ingredient needed for #Bitcoin and many #altcoins to enjoy steady recoveries leading up to the summer.

Enjoy our link to track the weekly sentiment of $BTC, $ETH, $BNB, $XRP, $ADA, $SOL, and $DOGE.

Get yourself a free week trial to Sanbase PRO to see what others in #crypto can't here!

May 7

Keep Your Eye on RSI! 7-05-24, 16:21

According to the Relative Strength Index, the majority of top market cap #cryptocurrencies are in slight buy zones. This popular momentum oscillator, which is commonly used in technical analysis, suggests #Cardano as a potential buy low candidate.

Apr 18

Traders Aren't Sold on a Quick Recovery, Which May Help Assist in a Quick Recovery! 18-04-24, 14:51

πŸ“ˆ #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

Trading Volume Has Skyrocketed This Week Amongst Large Cap Assets 27-02-24, 16:20

πŸ“Š 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

The Crowd Has Become Negative Toward Top Caps! Could This Be the Turning Point Bulls Needed? 5-02-24, 22:46

🐻 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

ETF Optimism Grows on Blackrock Revised Cash Redemption Proposal for SEC. Will Price Pump History Continue? 20-12-23, 08:07

🀞 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.

Link to chart tracking ETF #FOMO and #FUD!

Dec 13

Binance: FUD or not 13-12-22, 19:48

"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:

Source: Sanbase

It's huge. It's almost 24% of all messages.

For comparizon, "cpi" takes 0.43% domination, see for yourself:

Source: Sanbase

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:

Source: Sanbase

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:

Source: Sanbase

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