I won't be going into too much detail here, but I urge you to study both charts and try to understand the actions of the whales.

I've noticed significant moves by the whales and I'm eager to see what it could mean for the market.

For more information like this, feel free to like and leave a comment. I'll be sure to continue sharing my insights and analysis.

Wishing you all the best in your trading endeavors!

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.

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.

It is no longer news that Ether [ETH] had an impressive run in January. Within that 31-day period, the leading altcoin's price rallied by over 30%. The price jump also caused it to trade at levels last seen prior to FTX's unexpected implosion.

However, as profit-taking intensifies, the alt might be gearing up to shed some (if not all) of its gains in February. A look at ETH's Aroon Indicator on the daily chart revealed that bullish sentiment has weakened significantly in the past few weeks. The Aroon Up line was spotted at 21.43%.

Usually, when the Aroon Up line approaches zero, it suggests a weak uptrend and a distant recent high, indicating the possibility of a trend reversal.

Also, currently, there is a dearth of new demand to help drive up the alt's price.

There is an interesting pattern, connecting FOMC news with price action.

It's "FOMC" mentions spikes in crypto social media.

Previous FOMC spikes happened right before market volatility increase:

And it often was a reversal. We think the history might repeat itself again.

Very often it's a volatility marker or comes close to a bottom.

So probably we might have something similar today, on coming FOMC news.

You might also want to have a look at 'inflation' or 'CPI' mentions chart:

And if you follow the link there will be more data showing how different channels talk about these topics (hint: Elon Musk knew what he was buying).

«Cash is the king» — this is the narrative we might be looking for at the bottom.
Like a total disbelief in crypto and stocks.

How could we measure it?

Check the "cash" mentions domination in social media.

This is how it looks like currently:

We can see this narrative is getting stronger.

Perhaps making us closer and closer to the bottom.

Would you like to check how this played out on a previous cycle?
https://app.santiment.net/s/J_W4F4Dz

One of our favourite sentiment indicators is "Buy the dip" mentions.

Ideally this sort of calls happens quite often in the beginning of downtrend, slowly fading to market bottom. This could be explained by increasing crowd disbelief. Less confidence, less patience. At the point of maximal disbelief, a reversal might happen.

What are we seeing now?

1. Amount of 'Buy the dip' calls is declining:

2. The same time it's dominance is increasing:

So, how could we read it?

- Overall social activity on crypto market is declining quite fast.

- "Buy the dip" callers becoming more and more dominative in dissolving crowd.

The day they are gone could possibly indicate a bottom. Not there yet.

Chart: https://app.santiment.net/s/Jl0pmZqe

BTC and ETH funding rates are staying low, even despite the latest price recovery.

This week Bitcoin network has shown the biggest realized loss according to Network Realized Profit Loss metric.

What is it? NPL metric computes the average profit or loss of all coins that change addresses daily. For each coin that moves onchain, NPL takes the price at which it was last moved and assumes this to be its acquisition price. Once it changes addresses again, NPL assumes the coin was sold.

In fact, the loss we see above is a large value aggregated from a few subsequent days of loss in Bitcoin network. We can see it on a zoomed in chart:

Bitcoins moving on the network were generally moving at a loss. This contributed to what we see on a bigger time line chart.

The market moved yesterday when there were more heavy sanctions announced against Russia. Heavy tensions very visible. The market moved and both sentiment and funding rate turned negative. Which proved to be enough for bottoming out.

Funding rate:

Weighted Sentiment:

These two metrics alone are able to indicate reaction of market participants after the move took place. So that you could act accordingly.

If the move down pushed sentiment or funding rate deep enough, it could be a chance to buy. And visa versa.

Chart layout: https://app.santiment.net/s/ecbfcd6i

Inflation surges to 40-year high, replaces COVID-19 as top national concern

This sort of titles and news are amongst the most discussed in crypto social media today. Along with Fed, as seen in Social Trends.

This is how "inflation" related messages are dominating in chats last year (pale green BTC price in background):

And this is the same for "Fed":

What can we see here? 'inflation and 'fed' both spiked around BTC bottom in summer 2021.

And here we go now again.

In critical market turning points the topics of 'inflation' and 'fed' impact to the market could often be discussed a lot. Just like that cluster of attention in 21. One then another. Could also be just one, 'inflation' alone for example.

It's a pretty simple idea, the fact of something being actively discussed indicates that something significant can happen with market. In opposite direction to crowd expectations.

Charts used: https://app.santiment.net/s/7VLQI5n8