📈 Following what now looks like a cryptocurrency market overreaction to Trump's tariffs early Monday, the second half of the day quickly reversed course and left panic sellers kicking themselves.

Assets like Mantra (+23%), DeXe (+18%), Ethena & Staked Ethena (+17%), and Mantle (+17%) have led the many encouraging recoveries over the past 24 hours.

Also notably, trading volume across crypto is +94% over the past week, compared to the week prior. The market volatility has largely contributed to trading interests rising to near levels of Trump's inauguration 2 weeks ago. 👀

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

➡️ 1) Solana $SOL 🥇
➡️ 2) Pyth $PYTH 🥈
➡️ 3) Wormhole $W 🥉
📈 4) Neon $NEON
📈 5) Swarms $SWARMS
📈 6) Drift $DRIFT
📉 7) Metaplex $MPLX
📉 8) Helium $IOT
📉 9) Helium Mobile $MOBILE
📈 10) Jito $JTO

Read about Santiment's methodology for covering development activity for each project, objectively, using enhanced github event data: https://medium.com/santiment/a-different-look-into-blockchain-ecosystem-development-activity-f34f32180482

💸 In the MakerDAO ecosystem, Repayments Against Collateral refer to the process where borrowers settle their outstanding DAI debt, allowing them to reclaim their Wrapped Bitcoin (WBTC) collateral. Unlike forced liquidations, which occur when collateral levels drop too low, these repayments are deliberate actions taken by users to reduce leverage or close out positions.

For traders, this metric offers valuable insights into market sentiment. Large repayments can signal a shift in risk appetite—whether traders are securing profits, de-risking in anticipation of volatility, or repositioning based on broader market conditions.

Since WBTC is a widely used collateral asset in MakerDAO, its repayment patterns can have ripple effects across the DeFi space and potentially influence Bitcoin's price trajectory. Periods of heightened repayment activity often align with significant Bitcoin price movements, making this an important indicator to watch for potential trend reversals or liquidity shifts in the market.

When you see a high MakerDAO repayment spike on this chart, you'll usually find great opportunities to buy (if prices were moving down at the time of the spike) or sell (if prices were moving up at the time of the spike).

😰 Bitcoin plummeted to as low as $91.2K as all of crypto has dipped with world stock markets starting the week with heavy bleeding. Media outlets seem to be attributing plummeting sectors to 'Trump's trade war'.

Whether this is the primary reason or if there are other contributing factors, the trader reaction in the cryptocurrency community has been overwhelmingly negative. So far today, bearish commentary across social media is at its biggest peak (when compared to bullish commentary) in over a year.

At the time of this writing, BTC has already recovered back above $96.0K and may not be done. Was this flush orchestrated to get trigger-happy retail traders to sell at a local bottom? Historically, markets virtually always move the opposite direction of the crowd's expectations.

When the majority of traders are this skeptical of cryptocurrency, we have seen ideal and surprisingly transparent buy opportunities. Follow along with this great sentiment chart, and see what others can't.

Talks of buying the dip have calmed down. It’s not as loud as it was a few days ago. People seem less excited about buying at these prices, and big targets like $110K-120K for Bitcoin are getting less attention. It feels like some are stepping back from the market.

When uncertainty rises, markets often take a breather. Prices drop, giving long-term players a chance to buy in. This cycle of fear leading to price dips is normal in crypto, especially around big events or news.

💪 During crypto's closing hours of the work week, there are still strong levels of buying crypto from the retail crowd. However, sell mentions are almost non-existent. Monitor the mentions of buying, selling, & hodling across social media here.

😯 Skale, currently crypto's 182nd largest market cap asset, went on a price surge of +57% between January 24th and 29th. This was powered by a record-high (since Genesis) 840 daily active addresses during its run-up.

With whale activity hitting a 34-month high yesterday, there was obvious profit taking going on. But with that said, the rally may not be over if we continue to see major on-chain activity and increased retail trader interest. These next few days will be telling for $SKL.

Monitor these metrics here, and look for another on-chain spike as a buy signal, considering whales' next moves are likely to buy back in now that the altcoin is on a mild downswing.