Santiment
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🤑 $BTC #Santiment : High transaction fees associated with bitcoin have been a hot topic since the successful Friday halving. Much of this surge appears to be related to the Runes Protocol debut. The #FUD related to BTC costs should be beneficiary to crypto bouncing.
📈 $BTC #Santiment : Crypto markets have seen a boost today, as bitcoin has jumped back to $63.8K with just over 36 hours until its halving event. The crowd has maintained a consistently bearish sentiment toward top caps, which strengthens the argument for more rising.
📈 $LINK #Santiment : Each time Chainlink #MVRV 30-Day Ratio has dropped below -12.24% since August 2022, it's signaled a prime buying opportunity, averaging 50% returns.
Currently, LINK MVRV 30-Day Ratio stands at -17.54%. This could be another chance to buy the LINK dip!
Currently, LINK MVRV 30-Day Ratio stands at -17.54%. This could be another chance to buy the LINK dip!
😧 #Santiment : According to the crypto crowd, the bull market has essentially come to an end after $BTC 's -16% market value drop since the all-time high of $73.6K hit back on March 14th. At the same time, bear market mentions are increasing. Historically, prices move the opposite direction of mass traders' expectations. The quick dropoff of #FOMO combined with a notable rise in #FUD is a promising combination that cryptocurrency may see a recovery either right before the halving, or shortly after.
Santiment Analyst Firm Cautions Against Selling Bitcoin To Major Bookmakers
Bitcoin has been experiencing a surge in prices, with the cryptocurrency’s value edging closer to the $30,000 mark. According to a report by Santiment, this has resulted in a polarizing time for the market, with profit taking and fears of a top becoming prevalent.
The report highlights that the five largest transactions of 2023 have all happened in March, with the latest being a massive 20,000 BTC move that briefly went to address 3JZq4atUahhuA9rLhXLMhhTo133J9rF97j before being moved to multiple others.
@azcoinnews
The influx of coins moving back onto exchanges between March 13th to 21st is also notable, as Bitcoin’s price surged up to 28k during this period. However, since then, supply has again been moving off of exchanges.
The report also notes that the total number of active sharks and whales (in yellow) and more dormant whales/exchange addresses (in red) are still rising in March, but the yellow line is rising at a slower pace compared to when prices were bottoming out in November and December.
The percentage held by this same shark/whale yellow line looks concerning when taking a look at the percentage of Bitcoin supply held. After an accumulation pattern up until late January, profit taking has gradually taken effect.
The caution flags raised by the large transactions going on in March and the slide down of the 10-10k BTC address tier (by percentage) and tapering off (by total addresses) suggest that there are legitimate concerns about Bitcoin’s ability to surge to $35,000 and beyond.
The cryptocurrency market has always been volatile, and the recent fluctuations in Bitcoin’s price are no exception. The report by Santiment provides valuable insights into the current state of the market and raises important questions about the future of Bitcoin. It remains to be seen whether the caution flags will result in a slowdown of Bitcoin’s upward trajectory or if the cryptocurrency will continue to surge ahead.
#bitcoin #BTC #Santiment #BTC #azcoinnews
This article was republished from azcoinnews.com
The report highlights that the five largest transactions of 2023 have all happened in March, with the latest being a massive 20,000 BTC move that briefly went to address 3JZq4atUahhuA9rLhXLMhhTo133J9rF97j before being moved to multiple others.
@azcoinnews
The influx of coins moving back onto exchanges between March 13th to 21st is also notable, as Bitcoin’s price surged up to 28k during this period. However, since then, supply has again been moving off of exchanges.
The report also notes that the total number of active sharks and whales (in yellow) and more dormant whales/exchange addresses (in red) are still rising in March, but the yellow line is rising at a slower pace compared to when prices were bottoming out in November and December.
The percentage held by this same shark/whale yellow line looks concerning when taking a look at the percentage of Bitcoin supply held. After an accumulation pattern up until late January, profit taking has gradually taken effect.
The caution flags raised by the large transactions going on in March and the slide down of the 10-10k BTC address tier (by percentage) and tapering off (by total addresses) suggest that there are legitimate concerns about Bitcoin’s ability to surge to $35,000 and beyond.
The cryptocurrency market has always been volatile, and the recent fluctuations in Bitcoin’s price are no exception. The report by Santiment provides valuable insights into the current state of the market and raises important questions about the future of Bitcoin. It remains to be seen whether the caution flags will result in a slowdown of Bitcoin’s upward trajectory or if the cryptocurrency will continue to surge ahead.
#bitcoin #BTC #Santiment #BTC #azcoinnews
This article was republished from azcoinnews.com
USDC Transaction Volume Reaches 5-Month Low, Market Participants Hold Onto Stablecoin
In the world of cryptocurrency, the last few days have been quite eventful. According to data by Glassnode, the USDC transaction volume has just reached a 5-month low of $323,963,029.87. This is a significant decline from the previous 5-month low of $326,393,674.61 that was observed on 31 March 2023.
@azcoinnews
The USDC is a stablecoin pegged to the US dollar, which means that its value remains stable and predictable. It is used by traders and investors to transfer funds between exchanges, as well as to hold value in times of market volatility. The recent drop in transaction volume could be a result of market participants holding onto their USDC, and waiting for better investment opportunities.
On the other hand, the percentage supply of USDC in smart contracts has just reached a 10-month high of 42.272%. This is a significant increase from the previous 10-month high of 42.222%, which was observed on 14 September 2022.
@azcoinnews
Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This increase in the percentage supply of USDC in smart contracts indicates that more market participants are using the stablecoin to invest in decentralized applications.
In addition, Santiment, a market intelligence platform, has reported that the combined buying power for USDT, USDC, BUSD, DAI, and USDP is $126.3 billion. The decline in buying power has tapered off this week, which could signal a major increased probability of Bitcoin rising.
@azcoinnews
The first quarter of 2023 has been a good one for the recovering cryptocurrency markets, and a rise in buying power could further strengthen the market. However, it is important to remember that the cryptocurrency market is highly volatile and subject to fluctuations, so investors should exercise caution and do their due diligence before making any investments.
The recent developments in the cryptocurrency market have been noteworthy, with the USDC transaction volume reaching a 5-month low, the percentage supply of USDC in smart contracts reaching a 10-month high, and the combined buying power for stablecoins remaining strong.
#Santiment #Glassnode #azcoinnews #Stablecoins #USDC
This article was republished from azcoinnews.com
@azcoinnews
The USDC is a stablecoin pegged to the US dollar, which means that its value remains stable and predictable. It is used by traders and investors to transfer funds between exchanges, as well as to hold value in times of market volatility. The recent drop in transaction volume could be a result of market participants holding onto their USDC, and waiting for better investment opportunities.
On the other hand, the percentage supply of USDC in smart contracts has just reached a 10-month high of 42.272%. This is a significant increase from the previous 10-month high of 42.222%, which was observed on 14 September 2022.
@azcoinnews
Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This increase in the percentage supply of USDC in smart contracts indicates that more market participants are using the stablecoin to invest in decentralized applications.
In addition, Santiment, a market intelligence platform, has reported that the combined buying power for USDT, USDC, BUSD, DAI, and USDP is $126.3 billion. The decline in buying power has tapered off this week, which could signal a major increased probability of Bitcoin rising.
@azcoinnews
The first quarter of 2023 has been a good one for the recovering cryptocurrency markets, and a rise in buying power could further strengthen the market. However, it is important to remember that the cryptocurrency market is highly volatile and subject to fluctuations, so investors should exercise caution and do their due diligence before making any investments.
The recent developments in the cryptocurrency market have been noteworthy, with the USDC transaction volume reaching a 5-month low, the percentage supply of USDC in smart contracts reaching a 10-month high, and the combined buying power for stablecoins remaining strong.
#Santiment #Glassnode #azcoinnews #Stablecoins #USDC
This article was republished from azcoinnews.com
Stargate Finance On Arbitrum Sees Explosive Surge In On-Chain Activity
In recent news, the Santiment report has revealed an explosion in on-chain activity for Stargate Finance on Arbitrum. This sudden surge in activity has sparked interest and speculation among traders and investors.
The report suggests that the increase in activity could be related to active voting within the Stargate DAO. However, the exact reason for the sudden burst in activity remains unknown. What is clear is that people are spending their time and resources on the platform, indicating a sense of commitment and anticipation for something significant.
@azcoinnews
As the market continues to decline, the sudden influx of activity on Stargate Finance may seem risky. However, such high-risk investments have the potential for high rewards, and the platform seems best prepared to withstand any potential crashes or fluctuations in the market.
While it is impossible to predict the future, the current surge in activity on Stargate Finance indicates the possibility of a significant shift in the market. If this happens, those who have invested in STG will be well-prepared to harvest the rewards of their commitment.
In conclusion, the sudden increase in on-chain activity for Stargate Finance on Arbitrum has piqued the interest of traders and investors alike. While the reason for the surge remains unknown, the commitment and anticipation of the platform’s users suggest the potential for high-risk-reward investments. As the market continues to fluctuate, the surge in activity on Stargate Finance could indicate a significant shift in the market, offering those who have invested in the platform the opportunity for a fruitful harvest.
#Stargate #Santiment #STG #azcoinnews #Arbitrum
This article was republished from azcoinnews.com
The report suggests that the increase in activity could be related to active voting within the Stargate DAO. However, the exact reason for the sudden burst in activity remains unknown. What is clear is that people are spending their time and resources on the platform, indicating a sense of commitment and anticipation for something significant.
@azcoinnews
As the market continues to decline, the sudden influx of activity on Stargate Finance may seem risky. However, such high-risk investments have the potential for high rewards, and the platform seems best prepared to withstand any potential crashes or fluctuations in the market.
While it is impossible to predict the future, the current surge in activity on Stargate Finance indicates the possibility of a significant shift in the market. If this happens, those who have invested in STG will be well-prepared to harvest the rewards of their commitment.
In conclusion, the sudden increase in on-chain activity for Stargate Finance on Arbitrum has piqued the interest of traders and investors alike. While the reason for the surge remains unknown, the commitment and anticipation of the platform’s users suggest the potential for high-risk-reward investments. As the market continues to fluctuate, the surge in activity on Stargate Finance could indicate a significant shift in the market, offering those who have invested in the platform the opportunity for a fruitful harvest.
#Stargate #Santiment #STG #azcoinnews #Arbitrum
This article was republished from azcoinnews.com
🤑 $ETH #Santiment : Unlike the previous time that Ethereum crossed above a $4K market value (October & November, 2021), the network is less than 1/6th as cheap per transaction today. With gas fees at a modest $9.35 in gas fees, on average, this can be partly attributed to the improved network fees after the Ethereum 2.0 transition.
Historically, fees staying lower and the network staying less congestion can continue to allow for more use cases and ETH adoption over time.
Historically, fees staying lower and the network staying less congestion can continue to allow for more use cases and ETH adoption over time.
📊 Santiment, the cryptocurrency on-chain analysis platform, reveals that the proportion of ETH balances on exchanges has dropped to 8.07%, the lowest level since the creation of the ETH Genesis block. 📉📈 #Santiment #EthereumRally #CryptoData 📊
📊 #Santiment : Here are crypto's top #RWA related coins by development frequency. This list is compiled by counting any non-redundant Github activity, and averaging this daily activity over the past 30 days. Chainlink is currently at the top of this list, with over 3x the amount of activity of the next nearest project in the RWA sector. $LINK $SNX #ORAI
📊 #Santiment : Ethereum's community has been uniting with Solana's to combat against the SEC security allegations. Meanwhile, the price of $ETH has retraced -18% since its top on March 11th.
Whale activity has been at the highest level of 2024 as the asset polarizes traders over the news. Keep an eye on the 30-day average returns of ETH wallets, which indicate a buy is justified. Also, its RSI has dropped to 28.5, the lowest we have seen for the #2 market cap coin since the price bottom in late January.
Whale activity has been at the highest level of 2024 as the asset polarizes traders over the news. Keep an eye on the 30-day average returns of ETH wallets, which indicate a buy is justified. Also, its RSI has dropped to 28.5, the lowest we have seen for the #2 market cap coin since the price bottom in late January.
🤖 #Santiment : Singularity NET and its native token, $AGIX , are seeing sky-high levels of onchain activity today with its market cap well over doubling in the past week. The network, which facilitates the creation and sharing of #AI tools, has an all time high 93.6K non-0 coin wallets now, as its daily whale transactions over $1M in value, on-chain volume, and conversation rate have all skyrocketed.
📉 #Santiment : On a 12-month basis, the US CPI report was anticipated to come in at 2.9%. Instead, the result of 3.1% came in today, which has caused market cap bleeding in both crypto and equities.
With $BTC falling back below $49K today after breaching $50K for the first time in over 2 years yesterday, crowd sentiment is likely to become quite polarized with this mild retrace. If there are significant panic sells, dipbuy justification becomes significantly more viable while sentiment turns negative.
Regardless, note that the previous three CPI report months all resulted in significant mid-term cryptocurrency market turnarounds. The next batch of Consumer Price Index data will be released to the public on March 12, 2024.
With $BTC falling back below $49K today after breaching $50K for the first time in over 2 years yesterday, crowd sentiment is likely to become quite polarized with this mild retrace. If there are significant panic sells, dipbuy justification becomes significantly more viable while sentiment turns negative.
Regardless, note that the previous three CPI report months all resulted in significant mid-term cryptocurrency market turnarounds. The next batch of Consumer Price Index data will be released to the public on March 12, 2024.
🇭🇰 $BTC $ETH #ETF #Santiment : Trader optimism is high after Hong Kong approved spot Bitcoin & Ethereum ETF's today. Unsurprisingly, though, the initial market impact has been negative, with BTC dropping -4.5% since the news hit the public. When #FOMO dies down, expect a bounce.
📊 #Santiment : As the weekend has kicked off, sentiment toward top cap assets remain at extremely optimistic levels with spotlights on them following the #ETF approvals.
Traders are particularly bullish toward Ethereum after its market value climbed above $2,700 for the first time since May, 2022. While traders are discussing the possibility of $ETH or $XRP ETF approval possibilities, Cardano ($ADA ) is overlooked compared to its normal level of trader optimism.
Traders are particularly bullish toward Ethereum after its market value climbed above $2,700 for the first time since May, 2022. While traders are discussing the possibility of $ETH or $XRP ETF approval possibilities, Cardano ($ADA ) is overlooked compared to its normal level of trader optimism.
📈 #Santiment : Solana is on the brink of crossing $150 for the first time since January 16th, 2022. Crowd sentiment is leaning slightly bullish toward №5 market cap $SOL , but not to the extent where #FOMO could halt a rally. Doubt historically fuels prices higher.
📊 Santiment reveals that the top 10 ETH addresses now hold a whopping 34.6% of all circulating ETH. Over the past 5 years, these addresses amassed 27.86M ETH, now valued at around $51.6B. Their share has surged from 11.2% five years ago. Currently, ETH's price stands at $1,852.02, a slight dip of 0.30%, as per CoinMarketCap. 📉🧮 #Ethereum #Santiment #CryptoAnalysis.
📈 $ETH #Santiment : Ethereum has taken a jump this weekend, rebounding above $3.6K after dropping as much as -25% between March 11th and 19th. The amount of ETH addresses holding coins is up to an all-time high 118.23K, and mid-term MVRV has a very mild bullish signal.
🗣 #Santiment : $BOME and $SOL are the top two trending assets across X, Reddit, Telegram, and 4Chan due to outperforming the markets as of late.
The crowd continues to regard Solana and associated memecoins as viable alternatives to Ethereum-based projects.
The crowd continues to regard Solana and associated memecoins as viable alternatives to Ethereum-based projects.
A digital currency explodes in price.. What are the reasons?
_The price of the #Blur.token (BLUR) gained upward momentum for the first time in over four months as the market saw a significant rise in non-fungible token (NFT) sales. Blur is up 30% in the last 24 hours and is trading at $0.39 at the time of writing. Reaching its highest level in four months. The market value of the asset is currently $414 million. She was last seen in late July. BLUR's 24-hour trading volume also rose by 400%, crossing the $460 million mark. #BLUR Price, Whale Activity, Social Trading Volume, and Open Interest – November 7 | Source: #Santiment according to data provided by market intelligence platform #Santiment . Whale transactions for at least $100,000 worth of BLUR token have risen by 248% over the past day.
#follow To see more news and details about digital currencies ✅💵⬇️🚀💯
_The price of the #Blur.token (BLUR) gained upward momentum for the first time in over four months as the market saw a significant rise in non-fungible token (NFT) sales. Blur is up 30% in the last 24 hours and is trading at $0.39 at the time of writing. Reaching its highest level in four months. The market value of the asset is currently $414 million. She was last seen in late July. BLUR's 24-hour trading volume also rose by 400%, crossing the $460 million mark. #BLUR Price, Whale Activity, Social Trading Volume, and Open Interest – November 7 | Source: #Santiment according to data provided by market intelligence platform #Santiment . Whale transactions for at least $100,000 worth of BLUR token have risen by 248% over the past day.
#follow To see more news and details about digital currencies ✅💵⬇️🚀💯
