📺 Our latest video market update looks at Solana's sentiment, the encouraging drop in meme coin interest, and the game-changing percentage of total Bitcoin, Ethereum, and XRP tokens in profit. Enjoy our show with @ivan_nomadz from @capital_3x! 👇
https://www.youtube.com/watch?v=YLsCXs12Szw

📊 One of the most overlooked metrics in crypto, Mean Dollar Invested Age is flashing a bullish signal despite the market-wide retrace this week.

The Mean Age of investment for:

🪙 BTC is 439 days (31% younger in 60 weeks)
🪙 XRP is 865 days (22% younger in 14 weeks)
🪙 DOGE is 370 days (31% younger in 8 weeks)

When a network's Mean Dollar Invested Age line is moving down, it indicates that older, stagnant wallets (particularly from large key stakeholders) are circulating their dormant coins back into circulation, increasing network activity.

This is one of the key indicators throughout the history of each coin's lifespan that helps validate that a bull market can and should continue. The 2017 and 2021 bull markets similarly did not come to a halt until assets' mean ages started going "up" (getting older) again.

Though short-term price volatility can continue to be expected, consider this a very valuable bode of confidence if you remain bullish on market prices in the mid and long term. 👌

📺 Did crypto's pullback completely change the crowd's confidence level in markets? Has enough altcoin carnage happened to justify buying some discounted market caps? Our freshly recorded video with @ThinkingCrypto1 covers all of @santimentfeed's best! 👇
https://www.youtube.com/watch?v=h90R_BQ0TSU

📈 These are the assets seeing the highest increase in new wallet creation this week, indicating increased network growth despite the market-wide crypto correction:

📌 1) @babydogecoin #BABYDOGE
📌 2) #unussedleo $LEO
📌 3) @tusdio $TUSD
📌 4) @makerdao $DAI
📌 5) @sushiswap (On BNB) $SUSHI
📌 6) @sushiswap (On Ethereum) $SUSHI
📌 7) @fraxfinance $FRAX
📌 8) @turbotoadtoken $TURBO
📌 9) @tether_to $USDT
📌 10) @mogcoineth $MOG

Long-term, added utility and increased network growth is a necessary ingredient for market caps to rise. Stay on the lookout for projects with major increases in wallet creation.

📉 Bitcoin has sunk as low as $94.2K Tuesday, and FUD is beginning to appear amongst traders. With some calls for $80K-$89K appearing across social media from the crowd once again, take this as a positive sign that retail capitulation is returning. Prices move the opposite direction of crowd expectation, meaning fear is generally necessary for prices to rebound. 👍

🐳 Keeping tabs on the largest crypto whale transactions moving to centralized exchanges, we are seeing $25M+ transfers from assets like $WBTC, $UNI, $ENA, & $LINK. This dashboard is free to monitor all of the most recent transfers on-chain, or by coin. 👇
https://queries.santiment.net/dashboard/top-cex-deposits-1001?utm_source=twitter&utm_medium=post&utm_campaign=twitter_eth_top_cex_deposits_b_120924/&fpr=twitter

📊 The following illustrates the level of interest in buying crypto (in blue) vs. selling crypto (in red) across social media over the past month. With Bitcoin's retrace to about $94.7K earlier, watch to see if retail shows FOMO at these cheaper levels. 👇
https://app.santiment.net/s/nSYpEJ_s?utm_source=twitter&utm_medium=post&utm_campaign=twitter_buying_vs_selling_crypto_b_120924/&fpr=twitter

📉 Altcoins, particularly those that have surged significantly during this 2-month bull rally, have plummeted today. If retail traders react with fear and begin selling off their bags, expect a swift rebound to assets like TRX, AVAX, DOT, ICP, POL, FIL, and TIA.

🐳 Crypto market caps have opened the week down, but whales are still extremely active. Among $500M+ market caps, these are the assets seeing the highest rises in whale transactions:

📈 1) @dYdX $DYDX
📈 2) @creditcoin $CTC
📈 3) @jasmymgt $JASMY
📈 4) @1inch #1INCH
📈 5) @safe $SAFE
📈 6) @compoundfinance $COMP
📈 7) @babydogecoin #BABYDOGE
📈 8) @mantle $MNT
📈 9) @_woo_x $WOO
📈 10) @quant_network $QUANT

When assets see skyrocketing whale activity, it is a signal that they are particularly likely to see an upcoming switch in price direction. So if prices are moving up, this means whales are probably profit taking. If prices are moving down, this means whales are probably accumulating more coins at a cheap value.

Grab 2 free weeks of Sanbase PRO, and join our friendly community of pro traders here! 👇

🧑‍💻 Here are crypto's top ERC-20 coins by development activity. Directional indicators represent each project's ranking positioning since last month:

➡️ 1) @chainlink $LINK 🥇
📈 2) #susd $SUSD 🥈
📈 3) @synthetix_io $SNX 🥉
📉 4) @ethereum $ETH
📉 5) @ethstatus $SNT
➡️ 6) @decentraland $MANA
📈 7) @h_o_l_o_ $HOT
📈 8) @injective $INJ
📈 9) @requestnetwork $REQ
📈 10) @graphprotocol $GRT

📖 Read about the Santiment methodology for filtering notable github activity data from project repositories, and why it is so useful for crypto trading:

🐶🐸😺 Meme coins are quietly having more mini breakouts this weekend. For coins like Dogecoin, Pepe, Dogwifhat, and Bonk, the larger wallets could continue to pump market caps longer until retail FOMO returns. Once the crowd catches wind and get greedy, the larger wallets sell and prices generally retrace shortly after.

Monitor these 4 meme coins here on this chart, and see how the crowd's speculative nature will continue to choose their fates. 👇

🤔 Bitcoin's market value enters the weekend sitting at $100,290 at the time of this writing. What will be BTC's 2024 closing price?

🔗📈 Chainlink has enjoyed a late-week rally, and now needs to climb just +10.8% to match its 3-year high from January, 2022. It is encouraging that there is very little retail FOMO toward LINK. Markets move the opposite direction of the crowd's expectations, so the crowd's disbelief will only help fuel this rally further. 👍

Looking AHEAD to Crypto's Final Days of 2024! (TWIC December 6th)

📺 Join us NOW for a special This Week in Crypto livestream. Bitcoin is on the brink of breaking $100K once again, and Ethereum has officially cracked $4K! We explore on-chain data to see what's next for crypto. https://youtube.com/live/eWmksoij258

⛏️📉 Bitcoin's collective mining balances have been dropping since April, 2024. However, this latest drop of 85,503 BTC in just 48 hours is the most extreme we've seen since late February (2 weeks before the then $73K all-time high). Note that these wallets have NOT been correlative with price for most of this year. Overall, non-mining whales and sharks are still accumulating. Consider this a net-neutral signal for the time being.

📺 The wild crypto swings haven't even come close to slowing down now that Bitcoin's new $103.6K all-time high has been established. We break down the unsurprising dump that ensued after retail traders FOMO'd in, and plenty more in our latest video! 👇
https://www.youtube.com/watch?v=hGIThQl7eRY

🗣️ As Bitcoin's bulls & bears battle just below the $100K market level, several altcoins are seeing major rises in discussions across social media. Keep an eye on HAWK, JASMY, SUI, XNO, and many others on the @santimentfeed Top Trending Tokens dashboard here. 👇

📊 Bitcoin's new all-time high of ~$103,656 on @coinbase was a six-figure milestone many were anticipating following the massive crypto-wide price surges that began on US election night exactly a month ago. How did we get here?

No matter what cryptocurrency asset you may have been watching, they have benefited from the large rise in holdings from whales & sharks (approximately defined as 10+ BTC wallets). In the past 7 weeks, 103,960 more coins have been accumulated by this group, equaling the fastest rate of accumulation since March, 2021 - June, 2021.

Over the long-term, this group is largely responsible for the direction of future price movements. Check out our simplified summary (in this graphic) of the 5 most notable long-term whale behavioral outliers of the past 3 years. Cryptocurrency is, and will always be, a whales' playground.

📊 After crypto's 'Trump Pump' has settled down over the past 2 weeks, Bitcoin has began to range in close correlation with the S&P 500. In fact, most of the year has seen a fairly tight bond between the two, with BTC often being memed about being a 'high leveraged tech stock' by cryptocurrency traders.

Regardless, pay attention to a more mid or long term break between crypto and equities. If this correlation begins to weaken, it would be a bullish signal. Historically, crypto has flourished when there is little to no reliance on world stock markets. 🏦