Is this the week we see Bitcoin challenge the $112K all-time high? Has retail sold off enough to justify pumping whale portfolios? We discuss crypto's top cap, along with Ethereum, XRP, and Solana, with Thinking Crypto in our latest market update!

Despite the all-time high celebrations, crypto never sleeps. And making the most informed decisions from here will likely come down to following key whale wallets and avoiding crowd think. We talk markets with Thinking Crypto.

🧑‍💻 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) Helium $IOT 🥉

📈 4) Helium Mobile $MOBILE

📉 5) Wormhole $W

➡️ 6) Drift $DRIFT

📉 7) Neon $NEON

📈 8) Jito $JTO

📉 9) Swarms $SWARMS

📈 10) Orca $ORCA

Read about Santiment's methodology for covering development activity for each project, objectively, using enhanced github event data.

📉 Trading volume among crypto's 10 largest stablecoins has dropped to roughly 1/4th of the level we saw in the midst of the bull cycle in early December. Several factors are contributing to this:

📌 Trader Fatigue: Following the all-time high top back on January 19th, both institutional and retail traders have increasingly moved capital and taken profits while awaiting new catalysts.

📌 There have been new regulatory announcements in major markets, raising the level of uncertainty and causing traders of all sizes to take more of a 'hodling' approach for the time being

📌 Bitcoin's supply on exchanges recently reached a 7-year low, indicating trader contentment with executing less on-chain trading on a daily basis

🤯 With news of institutions like GameStop and BlackRock are integrating Bitcoin and launching yield-bearing tokenized treasury funds on Solana, crypto's #5 market cap asset is seeing an astounding level of bullish sentiment pouring in on social media.

Many social media posts reflect optimism for a market recovery, with a bullish outlook on the broader cryptocurrency market.

Overall, the combination of technological advantages, institutional interest, community support, and influencer engagement are contributing to a nearly unheard of positive vs. negative commentary ratio of 18:1 right now.

Track how the top 4 non-stables in crypto are fluctuating from a crowd sentiment perspective with this handy chart you can bookmark here!

📺 Our latest video with Thinking Crypto takes a look at some of the rebounds in crypto, and whether they have some staying power this time around. We also deep dive on metrics for Bitcoin, Ethereum, XRP, and Solana.

📊 Friday has been up and down for cryptocurrency prices, and crowd focus has heavily veered toward Bitcoin's price, and what to make of the Strategic Bitcoin Reserve. We have also seen major upticks in Solana and memecoin interest the past couple of days.

See what topics are driving markets with the completely FREE Alpha Narratives tool!

😒 With crypto's slide and Bitcoin's fall down to $86K today, the community's sentiment levels are essentially at rock-bottom.

🪙 Bitcoin $BTC: Extreme crowd bearishness

🪙 Ethereum $ETH: Extreme crowd bearishness

🪙 XRP $XRP: Extreme crowd bearishness

🪙 Solana $SOL: Extreme crowd bearishness

Historically, when notably high FUD and trader capitulation begins to trickle in at these levels, the cryptocurrency bottom is near.

📺 We kick off our video series with CryptosRUs & AlphaFirst by discussing the state of crypto markets as prices range. How has the $LIBRA fallout impacted traders' moods? Is more $BTC pain needed before we bounce to all-time highs? We explore here!

🧐 Solana sentiment has dipped to its lowest level since the big retrace on January 20th. Traders are expressing frustration over $SOL's 3-month low price of $161. While discussion rates are extremely high and crowd sentiment is bearish, this is historically a signal that there is a high bounce probability.


Markets typically move the opposite direction of the crowd's expectations. There are no guarantees in cryptocurrency, but pro traders often take the position of being contrarians to whatever direction the crowd is leaning.


Feel free to monitor Solana's crowd moods and discussion rates here, and see what others in crypto can't.