Bearish

If we look into Ethereum itself, we might see massive divergencies across many metrics.

All above are red flags suggesting a dump. Divergencies quite massive all over the board, we might need to dive deep to reset it.

Bullish

There is a reaction from holders that are probably scared by recent negative news - stablecoin dolphins and sharks:

And also some increased onchain activity on a number of altcoins forming a positive bullish divergence. For example, UNI:

The period of increased volatility is here. What's your bet?

Charts:

• https://app.santiment.net/s/T7TdW5sU
• https://app.santiment.net/s/VjRdF3dw
• https://app.santiment.net/s/9GPBn6Ed
• https://app.santiment.net/s/PxYWp6sC

The events following a short period a depression have increased network activity quite impressively. See the chart layout below. Here's just one example, YFI:

There are differences. For instance, REN:

REN is not picking up so strong because of it's complicated financial situation.

UNI:

UNI experienced a strong growth before, when there was an NFT marketplace announced. But still, we can see it's growing strongly, even compared with NFT related pump.

Each token has it's own story. It's own specific story which makes the difference. But many have a common pattern, it's network activity increasing quite a lot.

We might follow up in few days with more detailed market overview, for now just seeing massively increased network activity on many tokens. Therefore, networks awake.

Chart layout: https://app.santiment.net/s/_Qz39fm9

The total value of assets locked in Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on November 17th.

Meanwhile, “vampire” clone SushiSwap has doubled its TVL and is aggressively pursuing additional liquidity. Details.

And the same time Bancor is making a move announcing proposal for BNT liquidity mining.

This is what you see on top, Total Value Lock jumps for all three tokens:

Prices of UNI, SUSHI and BNT sharing an uptrend:

Social volumes are increasing only for SUSHI:

Onchain activity measured in Daily Active Addresses and Network Growth increased for all three tokens last days:

And Realized Network Profit/Loss showing painful losses all the way for UNI, SUSHI and BNT. Last string of pain - Bancor on November 15th:

All the above metrics are available for PRO members on a single chart layout.

Be sure to switch 'shared axis' on and off to compare absolute values.

References:

mcafee, dick - https://www.coindesk.com/sec-alleges-john-mcafee-pumped-tokens-for-profit

excel - https://www.reddit.com/r/datasets/comments/j5gmv2/excel_issue_causes_covid_data_reporting_issues_in/

UNI token deep dive onchain - https://app.santiment.net/uniswap-protocol#overview

References:

uni, uniswap, airdrop, free, tokens, claim - https://insights.santiment.net/read/the-unicorn-strikes-back---part-1-6008

fees, coinbase - https://www.theblockcrypto.com/linked/78077/as-network-costs-rise-coinbase-will-require-pro-customers-to-pay-withdrawal-fees

neo - https://medium.com/flamingo-finance/flamincome-the-ultimate-yield-booster-85ee1ba0b761

References:

uni, uniswap - https://uniswap.org/blog/uni/

bank, kraken, banks, fractional, wyoming - https://blog.kraken.com/post/6241/kraken-wyoming-first-digital-asset-bank/