Mar 26
What is in store for #crypto after whales had one of the largest days of #Bitcoin accumulation ever? We had a wonderful chat with market analyst, Hashoshi, to discuss. Enjoy the show here as we discuss the #onchain & social picture, as it stands!
Feb 29
📺In our new video, we look at several of Santiment's top indicators to see just how far this #crypto rally can run. Enjoy our discussion with Crypto News Alerts covering whale behavior, what may fuel #Bitcoin to a new #AllTimeHigh, and plenty more!
Feb 20
Small moves from mid-tier traders often work as excellent signals for spotting market pivots from the crowd. In the past 2 weeks, #stablecoin holders with $10K to $100K:
Added $44.3M in $USDT
Dropped $20.6M in $USDC
Feb 12
🥳 #Bitcoin has officially climbed above $50K for the first time since December 27, 2021. #Stablecoin market caps have risen significantly, with $11.4B more added in just 4 months. $5M+ whale wallets have accumulated 2.32% of the top 6 stables in 4 weeks.
Jan 28
💸 Since late September, the constant in #crypto has been encouraging rises in #stablecoin market caps. The combined cap of $USDT, $USDC, $DAI, $BUSD, $TUSD, and $USDP is up $9.42B in 4 months, typically a necessary ingredient for #bullish conditions.
Jan 20
🐳 As the #crypto weekend begins, shark & whale tiers for #Bitcoin & top #stablecoins remain mildly down:
💰 10-10K #Bitcoin wallets: 66.27% of supply
💰 100K-10M #Tether wallets: 33.98% of supply
💰 100K-10M #USDCoin wallets: 35.49% of supply
Several events can still help trigger another #bullcycle for the #cryptocurrency sector as we saw in October, November, and December. But whale accumulation of these three assets, in particular, would be a key #bullish signal that many traders would welcome as the $BTC halving is now just under 14 weeks away. Stay tuned to see whether key stakeholders now load up.
Get a Sanbase PRO trial here, and immediately tap into the most comprehensive analytics platform to see what others in #crypto can't!
Dec 12
💸 As markets continue to be extra volatile, there is a trend of #Bitcoin moving mildly back to exchanges while traders are uncertain. #Tether, however, remains a great sign for #bulls, as 6.9% more $USDT is on exchanges now vs. 6 months ago.
Aug 11
This is a follow up to a User Behavior Indicator introduced earlier.
Long story short, we keep an eye on a group of "sharks" in stablecoins, the ones holding $10K-$100K in USDT and USDC:
Did they buy the dip, did they sold the top? What did they swap their stables to?
We did a short research and found out that the recent decline in both stablecoin holdings is connected with the following moves:
44% – Sent to CEX
7% – Swapped to ETH
7% – Deposited into Aave as collateral
4% – Swapped to RLB
3% – Swapped to DAI, deposited into Maker
3% – Swapped to USDC, opened leveraged positions on dYdX
Other transactions were either wallets reshuffling or unclear.
Feb 1
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.
Dec 21
Optimism, one of new blockchains with increasing TVL and onchain activity, has shown quite some weird action recently, namely extremely high transaction volume of stablecoins on it:
Average USDT or USDC transaction volume on Optimism is less then $10M. The anomaly above skyrocketed both to above $1B.
Liquidity mining? Washtrading?
We can check token velocity:
Velocity was super high around that days.
Active addresses?
No anomalies in active addresses, only a healthy trend.
Additionally, we can see a similar anomaly on OP token itself:
It also coincided with a top of OP price against BTC and maximal bullishness in crowd.
There is probably some connection, we just don't know which one. Do you?
Keep an eye on Optimism, there a lot of things going on.
Bonus details:
- This address was executing huge amount of transfers: https://optimistic.etherscan.io/address/0xb1f190bf99fea986e2d4d99abb5be1a649d5247d
- An example of transaction: https://optimistic.etherscan.io/tx/0x7655c475d270e12aaf4aec9f4df027693d011ab2807a0925e2ddea2f1c62d52a
- Charts used: https://app.santiment.net/s/2ItCEZTF