Sell-off alarm? Backtesting exchange data of 1000 coins (Santiment Weekly Pro report)
When gauging a coin’s future price potential, a key metric to consider is the amount of sell-side pressure it may currently be under.
This is why - as blockchain analysis becomes more ‘mainstream’ and its alpha undeniable - we’ve seen more and more emphasis being placed on any and all on-chain transactions involving cryptocurrency exchanges.
A particularly popular metric these days is the exchange inflow, or the amount of a particular coin moving to known exchange addresses (excluding inter-exchange transactions).
Let’s take ETH as an example. According to Sanbase, ETH’s exchange inflow for the past 8 hours hovers at around 193,500 ETH. That’s about $375,000,000 worth of Ethereum (at the time of writing), moving to known exchange wallets in the last 8 hours alone:
The higher the exchange inflow, the more
There’s more of this Insight
Choose your subscription plan
Years of market experience, compressed in each report
Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.
Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.
Our previous TOP calls:WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
What you get with Sanbase Pro:
- Members-only daily market insights and analysis
- 30+ on-chain, social & project indicators for 900 cryptocurrencies
- Custom alerts for the coins' price, on-chain & social trends
- Santiment Spreadsheet plugin with 10+ pre-made market templates
- Personalized asset watchlists and weekly performance reports
Gain unfair advantage with Sanbase Pro
Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!