May 10
📈 Crypto heads into the weekend on a surge, with many sectors showing double digit percentage market cap rises. Memecoins, liquid staking, and layer 1's have been particularly enjoying this bullish momentum.
May 9
📺 Ethereum may not have had the immediate price pump traders were hoping for following the Pectra upgrade, but it has proven doubters wrong as the week comes to a close. We cover ETH, BTC, and meme coin euphoria on our latest This Week in Crypto video.
🐳 With altcoins skyrocketing this week, there are some major whale transfers moving to centralized exchanges. Eurite had a $3.3M transfer 8 hours ago, which makes up 7.4% of its supply. Other big whale moves include Illuvium, Mantra, Ethena, & Pepe.
👀 Use the completely free Whale CEX Deposits Dashboard from Santiment here, and see what others in crypto can't. https://queries.santiment.net/dashboard/top-cex-deposits-1001
📺 With Bitcoin's historic rebound and Ethereum's rise from the dead, our latest video with Thinking Crypto looks at the ever-changing on-chain & social data across crypto. We cover whale behavior, meme coins rising, & plenty more!
📈 Bitcoin's network saw 344,620 new wallets be created on its network as FOMO poured in. Crypto's top market cap asset has silenced bears, reaching a high of $103.8K for the first time since January. 👀
May 8
🎉The founder of Santiment, Maksim, is attending EthDam in Amsterdam between May 9th & 11th! Let us know if you will be attending in the comments of this post, or drop us a DM.
📈 Ethereum has provided a textbook example on how it pays to be a contrarian against the retail crowd. Following disappointing price performances following the Pectra upgrade yesterday, many traders sold off their ETH bags and instructed others to do the same in favor of various meme coins. However, the #2 market cap asset had other plans today following the crowd FUD.
The asset has cruised above $2,075 for the first time in over 6 weeks, leading top cap assets and rewarding those who have been patient with the notoriously under-performing asset.
Prices almost always move the opposite direction of retail's expectations. Monitor this chart to see when price extremes are being called below or above the current market level for $ETH.
🥳 Cryptocurrency has continued its rally, with Bitcoin breaching the all-important $100K psychological resistance for the first time since Feb. 3rd. Sentiment is quite bullish at the moment, which can be a double-edged sword for upcoming price movement from here.
On one hand, retail FOMO can add a bit of extra fuel to this rally as major media outlets spam Bitcoin's 3-month milestone and bring in many new entries to the space. On the other hand, we typically see rallies put on the brakes when there is an overwhelming amount of calls related to 'higher' or 'above' (in relation to crypto) like we're seeing now.
Track how the greed vs. fear calls are fluctuating in the coming days here. If prices get stagnant now, and sell calls begin to take over again, it would clear a pathway for Bitcoin's new all-time high.
How much has retail sentiment flipped back to bullish following crypto's remarkable turnaround? Is there enough whale firepower to justify $100K Bitcoin or potentially even $150K? We talk Santiment metrics with Equities Tracker in our latest video!