📺 Our latest video with Thinking Crypto takes a look at some of the rebounds in crypto, and whether they have some staying power this time around. We also deep dive on metrics for Bitcoin, Ethereum, XRP, and Solana.

🗣️ Bitcoin's rally back to $84.5K Friday shows what happens when the Monday crowd claims it's time to sell. Predictably, FUD hit its peak as $BTC was down to $78K, with predictions pouring in for lower prices all across social media. This same phenomenon happened at the end of February, when retail traders were convinced we were going even lower... only to watch prices temporarily soar at the beginning of March.

🗓️ Over the past month, we have not seen Bitcoin's market value fall below $70K OR rise above $100K. That means looking at the crowd's social predictions of <$70K is a great gauge for FUD, and >$100K is a great gauge for FOMO. Historically, markets move the opposite direction of the crowd's expectations.

🟦 This is why clusters of blue bars (representing $10K-$69K $BTC predictions) so reliably foreshadow a reversal (or buy signal), especially while markets are moving down and the crowd is getting fearful.

🟥 This is also why clusters of red bars (representing $100K-$159K $BTC predictions) so reliably foreshadow a reversal (or sell signal), especially while markets are moving up and the crowd is getting greedy.

💸 If you're looking for ways to add some predictability to these rollercoaster prices, consider counter-trading against the 'crowd think'. This updating chart is available on Santiment here, and we look forward to hearing about what you find.

🥲 The crypto community's sentiment toward Ethereum continues to drop more and more over time. The #2 market cap's value sits at $1,865 at the time of this writing, and the more FUD that continues to show, the better the argument gets for an eventual unexpected $ETH breakout.

📉 Bitcoin's key stakeholders are showing signs of dumping:

🐳 Wallets with 100-1,000 $BTC: -50,625 Bitcoin (-$4.07B) in the past week

🦈 Wallets with 10-100 $BTC: -7,062 Bitcoin (-$567.1M) in the past week

Over the long-term, markets tend to fluctuate with a mid-sized positive correlation with these wallet tiers. Track the collective holdings and percentage of Bitcoin's supply that they hold here!

🧑‍💻 Here are crypto's top gaming projects by development. Directional indicators represent each project's ranking rise or fall since last month:

➡️1) MultiversX $EGLD 🥇

➡️2) Decentraland $MANA 🥈

📈 3) Skale $SKL 🥉

📈4) Immutable X $IMX

📈5) Saito $SAITO

📈6) Root $ROOT

➡️7) Enjin $ENJ

📈8) The Sandbox $SAND

➡️9) Treasure $MAGIC (Ethereum)

📈10) Cere $CERE

Read about our objective methodology for covering development activity and "cutting through the noise and misinformation" for over 3,800 projects!

😎 Bitcoin's total amount of holders (non-empty wallets) has exceeded 54.71M, which is within 0.018% of the all-time high (~54.72M) established on January 19, 2025. This is partially due to $BTC network growth, and larger wallets splitting into smaller ones. But this does indicate continued expansion of crypto's top network, despite the nearly 8 weeks of extreme price volatility since Bitcoin's $109K price all-time high.

📊 Crypto-wide trading volume has been dropping since its peak back on February 27th (when traders were optimistically buying dipping prices). After further market cap declines these past two weeks, trader behavior indicates a mix of exhaustion, hopelessness, and capitulation.

When trading volume for major cryptocurrencies consistently drops, even during slight price recoveries (like we have seen Wednesday), it typically points toward diminishing trader enthusiasm. In this scenario, traders are becoming cautious, suggesting they might not believe that the current upward price movements will last. Essentially, reduced trading activity reflects uncertainty, as fewer traders are convinced that buying at current levels will yield profitable outcomes.

Moreover, a weakening trading volume amid mild price bounces can serve as an early warning sign of weakening market momentum. Without robust buying participation, price gains can quickly lose steam, as there simply isn’t enough underlying support to sustain the upward trend. This leads to the possibility that any rebound could be temporary, with prices vulnerable to another downturn. Shrinking volume during minor rebounds isn't necessarily a direct bearish signal, but volume is a metric that measures participation from both retail and institutional traders. If both groups are waiting for the other to boost market caps in order to make their next moves, it can lead to price stagnancy with little movement (and a slight tendency to veer toward the downside).

To signal a healthier and more sustainable recovery, bulls generally will want to see both rising prices and rising volumes simultaneously. Until trading activity increases meaningfully, cautious market sentiment is likely to dominate.

💸 Tether's on-chain activity has been rapidly rising, with over 143K wallets making transfers yesterday alone (a 6-month high). When $USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering.