📉 Markets have continued to bleed, and social media is now showing historic levels of FUD. It is rare for an hour to go by where there are more mentions of "sell" than there are "buy" across crypto forums. But we've seen a few of these instances in just the past 24 hours, including the largest ratio of negative vs. positive comments thus far in 2024. For bold traders, this is a window that some may wish to be a true contrarian and buy into the crowd's anger and frustration.

📉 Among the top 7 Bitcoin ETF's (GBTC, IBIT, FBTC, ARKB, BTCO, BITB, HODL), volume has really dried up in early July. Trader indecision is generally a sign of capitulation, which you should be unironically happy about if you're bullish on crypto. Expect a volume jump tomorrow to make up for the US stock market's 4th of July holiday.

🤠 Ignoring crypto during this dip? Keep in mind that traders are still staying busy and sizable address activity spikes have been appearing. As bold dip buyers look for opportunities, keep in mind coins like OP, NEXO, and STORJ. These spikes are often reliable reversal signals.

🧑‍💻 Here are crypto's top BSC and Binance Chain coins by development frequency. This list is compiled by counting all notable github activity of each project, and averaging their daily activity over the past 30 days.

Arrows represent whether they have ascended or descended in their ranking positions since last month's update:

➡️1) @binance $BTCB 🥇
➡️2) @duskfoundation $DUSK 🥈
↗️3) @beefyfinance $BIFI 🥉
↘️4) @runonflux $FLUX
↘️5) @trustwallet $TWT
↗️6) @saitoofficial $SAITO
➡️7) @apebond $BANANA
↗️8) @fraxfinance $FRAX
➡️9) @tokenpocket_tp $TPT
↗️10) @theltonetwork $LTO

Read our latest update about our methodology for pulling github activity data from project repositories, and why it is so useful for investing and trading:

📉 Bitcoin has just dropped to as low as $59.4K and Ethereum to $3.1K in the previous hour.

The crowd is showing signs of seeing this as a buy the dip opportunity. Ideally, we wait for their enthusiasm to settle down. The time to buy is when they are impatient and skeptical.

📊 Altcoins with extremely low funding rates are a great signal to buy into the crowd's FUD right now. In the previous 24 hours, three prominent assets stand out as projects with heavy shorting on @binance:

🪙 Balancer
🪙 Chromia
🪙 Celer

Short liquidations lead to rises. 📈

📊 Altcoins with extremely low funding rates are a great signal to buy into the crowd's FUD right now. In the previous 24 hours, three prominent assets stand out as projects with heavy shorting on @binance:

🪙Balancer
🪙Chromia
🪙 Celer

Short liquidations lead to rises. 📈

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😱Fear is in the air, as traders are discussing:

💸 Bittensor has plummeted following a security breach that collectively drained $8M worth of TAO from wallets.
📉 Bitcoin briefly dropped below $60K, leading to traders expressing worrying narratives and interest in "selling their bags" before it's too late.

👍 There should be a window to capitalize while FUD is this high from the crowd.

📊 According to mid-term average returns of each wallet across nearly all altcoins, traders are well under water. The @santimentfeed Mean Value to Realized Value (MVRV) model shows mathematically viable entry points for BAT, CHR, and HIGH. Meanwhile, ENS, OM, and RSR are projects you may want to consider patiently awaiting for better times where traders haven't already outperformed markets.

Keep an eye on the crypto narratives that are trending. The crowd's focus has a massive impact on the market's next moves.

📈 Pepe, http://Fetch.AI, and Ethereum Name Service all have one thing in common - sudden huge spikes in network growth. When coins see a surge in new addresses being created, it is often related to FOMO because of climbing prices (like with ENS), or a potential breakout.

🐳 Bitcoin's key stakeholders project a long-term bullish picture, as 10+ coin wallets have now accumulated an all-time high 16.17M BTC.

Ideally, we see buying power (dry powder) increase from Tether and USD Coin holders to really open the floodgates for crypto's next bull run.

📊 Looking at July's outlook, there is major reason to be optimistic after so much small trader capitulation. The crowd's negativity and average trader losses means that a relief rally may just be beginning. Read our June monthly recap here! https://t.co/73nPYHOeAj

To read our full long-form content pieces, grab a free 2-week trial to Sanbase PRO to see what others in crypto can't. 👇

🤔 In your opinion, what is the percentage chance that we see Bitcoin's market value reaching $100K at least once by the end of 2024?

🧑‍💻 Here are crypto's top coins by development frequency. Hedera remains at the top spot, with Chainlink sliding into the #2 position.

The below list is sorted by counting any non-redundant activity from a project, and averaging this daily activity over the past 30 days. Arrows represent whether they have ascended or descended in their ranking positions since last month's update:

➡️ 1) @hedera $HBAR 🥇
↗️ 2) @chainlink $LINK 🥈
↘️ 3) @optimism $OP 🥉
↗️ 4) @dfinity $ICP
↘️ 5) @cardano $ADA
➡️ 6) @ethstatus $SNT
↗️ 7) @cosmos $ATOM
↗️ 8) @zksync $ZK
↘️ 9) @Starknet $STRK
↗️ 10) @Aptos $APT

Read our latest update about our methodology for pulling github activity data from project repositories, and why it is so useful for investing and trading: https://t.co/hPpga2MfMx

With this linked data screener, filter for the top rising projects in the space to optimize your portfolio according to your comfort level and risk tolerance. Use hundreds of filters and world-leading indicators to get an edge on other investors and traders: https://t.co/sWHW4W7J86

Grab a free Sanbase PRO trial, and test drive all of the @santimentfeed tools for 2 weeks. See what others in cryptocurrency can't here:

📊 According to MVRV Z-Score, which identifies overvalued and undervalued assets based on average trader returns, top caps are in the following categories:

🤑Overbought: Toncoin, Bitcoin, Ethereum
😟Underbought: Uniswap, Shiba Inu

🧐 Bitcoin's mild rebound after the dip the past 2 weeks has been short-lived for now. But note the continued negative sentiment pouring in from the crowd, indicating their patience is wearing thin. This, along with a low RSI of just 36, are strong indications a bounce is close.

🧑‍💻 Here are crypto's top ERC-20 coins, sorted by notable daily development activity rates over the past 30 days:

➡️ 1) @chainlink $LINK 🥇
➡️2) @ethstatus $SNT 🥈
➡️3) @ethereum $ETH 🥉
📈4) #susd $SUSD
📈5) @synthetix_io $SNX
📉6) @audius $AUDIO
📉7) @decentraland $MANA
📈8) @LidoFinance $LDO
📉9) @h_o_l_o_ $HOT
📈10) @FantomFDN $FDN

With this watchlist, filter for the top rising projects in the space to optimize your portfolio according to your comfort level and risk tolerance. Use hundreds of filters and world-leading indicators to get an edge on other investors and traders: https://t.co/9JZrdGXK2j

Read our latest explanation of our methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading: https://t.co/hPpga2MfMx

Grab a free trial to Sanbase PRO and see what others in #cryptocurrency can't, with instant real-time access to the top leading indicators:

Is US Politics IMPACTING Crypto Again? (TWIC June 28th)