Santiment Re-poster

Our regular monthly analysis has officially resumed. If you missed our latest update, we have compiled a detailed examination of the volatility seen throughout January 2026. You can find the full insights at the link below.

https://app.santiment.net/insights/read/january-2026-monthly-report-10536?utm_source=x&utm_medium=post&utm_campaign=x_january_monthly_report_b_020626?fpr=twitter

We are introducing a fresh screener designed to track the leading Layer 2 cryptocurrency projects based on development progress. Our team is committed to keeping you informed about changes in their GitHub activity levels over time.

The current leaders are:

1) @starknet $STRK
2) @arbitrum $ARB
3) @zksync $ZK
4) @optimism $OP
5) @cartesiproject $CTSI
6) @fuelnetworkar $FUEL
7) @skalenetwork $SKL
8) @scroll_zkp $SCR
9) @townsprotocol $TOWNS
10) @immutable $IMX

To understand the @santimentfeed process for harvesting activity data from project repositories and to see why this is valuable for crypto trading, please read our methodology: https://t.co/hPpga2LHWZ

Be sure to save our new Layer 2 project screener to your bookmarks so you can spot opportunities that other traders might overlook.

Take a look at the leading Governance tokens ranked by development frequency, identified through our recently deployed screening tool. We are committed to keeping you informed regarding the evolution of their GitHub contributions as they progress.

1) @starknet $STRK
2) @arbitrum $ARB
3) @zksync $ZK
4) @optimism $OP
5) @cartesiproject $CTSI
6) @fuelnetworkar $FUEL
7) @skalenetwork $SKL
8) @scroll_zkp $SCR
9) @townsprotocol $TOWNS
10) @immutable $IMX

Discover how the data collection framework at @santimentfeed retrieves activity from project repositories and learn why this metric is vital for cryptocurrency trading strategies: https://t.co/hPpga2LHWZ

Gain a competitive advantage by bookmarking our latest Layer 2 project tracker to access insights that remain invisible to the rest of the market:

Market participants view a standard crypto #dip quite differently from a full-blown #crash. While the first term typically describes a price decline that is merely visible, the situation becomes truly compelling once people start labeling it a crash.

Although there is no distinct formula determining where a dip ends and a crash begins, our social metrics offer valuable insight. History suggests that when the trading community collectively agrees a crash is underway—which is exactly what happened yesterday—it serves as a highly dependable signal that the market has hit bottom.

Looking at the accompanying chart, we observe multiple periods where the word dip appeared frequently on social platforms. However, true panic did not set in until Bitcoin fell to the $60.0K mark yesterday. This price point triggered investors to liquidate their holdings at a loss. Interestingly, the market bounced back instantly, coinciding exactly with the surge in mentions of the word crash.

Furthermore, major news outlets—which frequently arrive late to these events—are now drawing significant attention to this crypto crash. This coverage is occurring despite the fact that $BTC has already climbed +13% since yesterday's low point. Unfortunately, this delayed reporting generates additional fear among latecomers, effectively giving major stakeholders a convenient opportunity to acquire assets from anxious retail sellers.

Although the broader cryptocurrency market is currently recovering, $XRP is demonstrating exceptionally strong momentum. After touching a low point beneath $1.15 a little less than 18 hours ago, the asset ranked #4 by market cap has successfully rebounded to trade above $1.50.

Investors who sold during the volatility might have missed significant on-chain signals, as intense activity was visible on the XRP Ledger while speculators debated a potential fall below $1.00. Deep-pocketed investors clearly utilized the dip for accumulation. Data reveals there were 1,389 distinct whale transactions exceeding $100K in value, which is the highest volume of such activity observed in 4 months.

Additionally, network participation saw a dramatic spike. The number of unique addresses on the ledger reached 78,727 within a single 8-hour candle, setting a new high for the past 6 months. Collectively, these statistics act as reliable indicators of a price reversal for any financial asset.

We are seeing a comprehensive rebound throughout the crypto landscape. Join our live broadcast of This Week in Crypto as we evaluate the credibility of this price action and discuss whether this is a true turnaround or merely a deceptive bounce. Watch the video at https://www.youtube.com/watch?v=ka6fhHjrcBE

Bitcoin recently touched a valuation of $60,001, marking its lowest price point since October 2024. To understand the drivers behind this market decline, we must look at the shifting behavior of different wallet classes.

Statistics show that shark and whale wallets, specifically those containing between 10 and 10,000 Bitcoin, have reduced their collective share of the total $BTC supply to 68.04%. This represents a 9-month low for this group. Notably, these large holders have offloaded -81,068 BTC over the course of just the past 8 days.

Conversely, smaller entities known as shrimp wallets—those with less than 0.01 Bitcoin—have increased their stake to 0.249% of the total $BTC supply, which is a 20-month high. While the overall percentage is modest, this accumulation indicates that retail investors remain committed to purchasing during market dips.

Market history suggests that bear cycles often arise when key stakeholders sell while retail traders continue to buy. Significant investors, or smart money, will likely continue to divest and hold off on re-entering the market until they observe clear capitulation from the general crowd, signaling that the public has moved on from the crypto sector.

🤔 Bitcoin has witnessed its market value drop to $65.4K. Will we observe sub-$50K prices at any time in 2026?

We are pleased to introduce our latest screening tool, designed to identify the leading Governance tokens in the crypto sector based on development intensity. Going forward, we will provide ongoing updates regarding the fluctuations in their GitHub activity.

1) @radworks_ $RAD
2) @curvefinance $CRV
3) @api3dao #API3
4) @reserveprotocol $RSR
5) @alchemix $ALCX
6) @frax $FRAX
7) @ampleforthorg $FORTH
8) @gitcoin $GTC
9) @terra_money $LUNC
10) @raricapital $RGT

To understand how @santimentfeed extracts GitHub activity data from project repositories and to learn why this metric is valuable for crypto trading strategies, please review our methodology here: https://t.co/hPpga2LHWZ

Gain unique market insights by bookmarking our newly released Governance token screener at the following location:

In the aftermath of the significant price drop observed over the last week, market participants have adopted a heavily negative stance on both Bitcoin and Ethereum. In contrast, traders are demonstrating a decidedly more hopeful perspective regarding XRP. Market dynamics frequently operate inversely to the emotional drivers of retail investors, moving against prevailing fear and greed. Given this tendency, a solid case can be made for an upcoming temporary recovery. Such a relief rally appears likely provided that smaller market participants persist in their skepticism toward the broader cryptocurrency sector.

Once clarity emerged regarding the passed bill to avert a U.S. government shutdown, Bitcoin managed a solid rebound from the $72.8K mark. Despite this recovery, the DeFi sector still saw $30M in liquidations. Read our full analysis regarding these fluctuations and upcoming market trends at the link.
https://app.santiment.net/insights/read/deep-dive-government-shut-down-no-more-10519?utm_source=x&utm_medium=post&utm_campaign=x_deep_dive_government_shut_down_no_more_b_020326?fpr=twitter

The narrative surrounding Bitcoin has noticeably shifted from hopeful inquiries of "wen bounce" to speculation regarding exactly how "low we can go." On the provided chart, the height of the bars corresponds to specific discussion trends: the blue segments represent mentions of the $50K-$59K range for $BTC, while the red segments indicate mentions of $90K-$99K $BTC.

Typically, when conversation centers on higher price targets, it signals greed; conversely, a focus on lower values points to fear. Since financial markets frequently move in the opposite direction of crowd expectations, the fact that retail traders view a sub-$60K Bitcoin scenario as a foregone conclusion suggests there are grounded arguments for a potential short-term relief rally.

For the first time since the tariff-driven market crash on April 7, 2025, Bitcoin has fallen below the $75K mark. As we look toward the future, the primary factor that will determine if the asset drops beneath $60K or rallies back above $90K is the behavior of major stakeholders. The market's direction hinges on whether these entities decide to start accumulating again or if they continue their selling pressure.

According to recent blockchain data, there is a notable divergence in strategy among different investor classes. Wallets holding between 10 and 10,000 $BTC, which collectively possess slightly more than two-thirds of the total supply, have sold off 50,181 coins over the past two weeks. Conversely, smaller wallets containing less than 0.01 $BTC have been enthusiastically purchasing during these dips, anticipating a price recovery.

The accompanying chart categorizes market conditions based on the interplay between large and small investors. We have identified five distinct scenarios:

A red indicator represents a Very Bearish phase, characterized by whales selling while retail investors accumulate.
An orange indicator signals a Bearish trend where whales are selling, but retail behavior is unpredictable.
A yellow indicator suggests a Neutral outlook, occurring when both groups are acting unpredictably or the market is moving sideways.
A blue indicator points to a Bullish environment where whales are accumulating, despite unpredictable retail actions.
A green indicator denotes a Very Bullish scenario, occurring when whales accumulate assets while retail investors sell.

At this moment, the market is exhibiting the conditions for a continued bearish outlook, driven by the combination of whales offloading their holdings while retail investors continue to buy.

Hyperliquid is actively moving prediction-style trading on-chain following the HIP-4 rollout. This transition has sparked a significant increase in trading volume, while the price of $HYPE has risen by +16% within the past 24 hours and +71% over the last 2 weeks. Does this activity suggest that traders are looking to front-run adoption? We investigate these trends in our latest update.
https://app.santiment.net/insights/read/deep-dive-hyperliquid-s-hyper-volatility-10515?utm_source=x&utm_medium=post&utm_campaign=x_deep_dive_hip4_hyperliquid_b_020326?fpr=twitter

Social media channels have become saturated with fear, uncertainty, and doubt following a drop of -16% in the value of Bitcoin since January 28th. Despite dipping to a low of $74.6K, $BTC has successfully recovered to $78.3K as retail traders liquidated their holdings. This price action serves as further evidence that financial markets frequently trend in the opposite direction of popular narratives.

Data regarding social engagement reveals that the volume of negative posts is currently peaking, representing the most bearish outlook from the retail sector since the market crash on November 21st. Typically, such periods of extreme negativity are followed by a relief rally. The current bounce is showing positive signs, closely resembling the recovery patterns observed during the previous two instances of widespread fear.

You can keep a close watch on these sentiment trends by using our tools. Feel free to toggle through the data to see how FOMO and FUD are affecting over 3,000 distinct projects:

Social media channels have been dominated by FUD following a -16% decline in Bitcoin since January 28th. Although the price of $BTC dipped to $74.6K, it has since recovered to $78.3K as retail traders sold off their holdings. This price action serves as further evidence that the market frequently moves in the opposite direction of popular consensus.

Data shows that negative discussions surrounding crypto are accumulating, marking the most bearish sentiment among retail participants since the crash on November 21st. Typically, such extreme negativity is followed by a relief rally. The current bounce is encouraging, as it mirrors the behavior seen during the last two instances of FUD-driven market fear.

You can monitor these sentiment trends via the provided link, which allows you to toggle between assets and analyze FOMO and FUD levels for over 3,000 distinct projects:

Below is an updated ranking of the leading Real World Asset (RWA) projects in the cryptocurrency sector, organized by their development activity levels. The directional symbols accompanying each entry indicate whether the project's position has risen, fallen, or remained static compared to the previous month:

➡️ 1) @hedera $HBAR 🥇
➡️ 2) @chainlink $LINK 🥈
➡️ 3) @avax $AVAX 🥉
➡️ 4) @stellarorg $XLM
📈 5) @iota $IOTA
📉 6) @chia_project $XCH
📈 7) @vechainofficial $VET
📈 8) @hellolumerin $LMN
📈 9) @creditcoin $CTC
📉 10) @injective $INJ

You can learn more about how @santimentfeed extracts GitHub activity data directly from project repositories, and understand why this metric is crucial for successful crypto trading strategies, by reading the full methodology here: https://t.co/hPpga2LHWZ

Be sure to save our Real World Asset (RWA) project watchlist to your bookmarks to uncover market insights that other participants often miss.

While analysts have frequently debated the potential migration of profits from precious metals into the cryptocurrency space, the market movements observed today took almost everyone by surprise. Specifically, the price of gold tumbled by more than -8% today, and silver experienced a decline of more than -25%. Despite these sharp downturns in the metals sector, there is a positive takeaway: Bitcoin and altcoins displayed stability and remained flat on Friday.

We have compiled a ranking of the leading cryptocurrencies that are either fully or partially linked to the Ethereum-based ecosystem, evaluated according to their development activity. The directional arrows below indicate how the standing of each project has shifted compared to the previous month:

➡️ 1) @metamask $mUSD 🥇
➡️ 2) @starknet $STRK 🥈
➡️ 3) @chainlink $LINK 🥉
📈 4) @radworks_ $RAD
📉 5) @safecoin $SAFE
➡️ 6) @ethereum $ETH
📉 7) @decentraland $MANA
📈 8) @worldcoin $WLD
📉 9) @ethstatus $SNT
📉 10) @cartesiproject $CTSI

To understand why these metrics are valuable for crypto trading and to review the Santiment methodology for isolating significant GitHub activity data from project repositories, please read the full explanation here: https://t.co/hPpga2LHWZ

You can access insights that other market participants might miss by saving our watchlist for ETH-based projects:

We invite you to tune in to our This Week in Crypto livestream. Our discussion focuses on the bloody week the cryptocurrency sector has just experienced. You can watch the full broadcast at https://www.youtube.com/watch?v=prhpL4OJBtU