I analyse stablecoins to help predict market movements.
I used to look through 100s of hours worth of data, but Dune (@DuneAnalytics), allows me to gather it all in under 10 minutes.
Follow these 5 rules and I guarantee youβll save/make money.
I used to look through 100s of hours worth of data, but Dune (@DuneAnalytics), allows me to gather it all in under 10 minutes.
Follow these 5 rules and I guarantee youβll save/make money.
In this thread Iβll be going over:
- Daily stablecoin transfer volume
- Weekly stablecoin senders
- Stablecoin peg overview
- Stablecoin inflows/outflows
- Stablecoin user trend
- Daily stablecoin transfer volume
- Weekly stablecoin senders
- Stablecoin peg overview
- Stablecoin inflows/outflows
- Stablecoin user trend
1: Daily stablecoin transfer volume
If this begins to trend up then it would be smart if you go where the smart money is going and transfer your funds to stablecoins.
It started to trend up on the 5th November very steeply.
$BTC made new lows on the 9th November.
If this begins to trend up then it would be smart if you go where the smart money is going and transfer your funds to stablecoins.
It started to trend up on the 5th November very steeply.
$BTC made new lows on the 9th November.
2: Weekly stablecoin senders
Interesting how this begins to trend up BEFORE volatility and big red candles for crypto, and it trends down BEFORE green candles.
You can stay one step ahead by trying to figure out why it is trending up.
Interesting how this begins to trend up BEFORE volatility and big red candles for crypto, and it trends down BEFORE green candles.
You can stay one step ahead by trying to figure out why it is trending up.
3: Stablecoin peg overview
If you are looking at using a different stablecoin then you can track itβs volatility and peg over time.
This way you can avoid funds being lost.
If you are looking at using a different stablecoin then you can track itβs volatility and peg over time.
This way you can avoid funds being lost.
4: Stablecoin inflows/outflows
Here you can see the amount of stablecoins going in to exchanges, and coming out.
Increase of inflow is usually a bullish sign.
Increase of outflow is usually a bearish sign.
However, with recent ditrust in CEXs outflows are more common.
Here you can see the amount of stablecoins going in to exchanges, and coming out.
Increase of inflow is usually a bullish sign.
Increase of outflow is usually a bearish sign.
However, with recent ditrust in CEXs outflows are more common.
5: Stablecoin user trend
Here you can see that the overall trend for stablecoins and their usage is increasing.
During market downtrends there appears to be sharp decreases in users.
Here you can see that the overall trend for stablecoins and their usage is increasing.
During market downtrends there appears to be sharp decreases in users.
6: Summary
The data that exists in stablecoins can help you in making educated gambles to when market downtrends are more likely to occur, and when there is more likely to be an uptrend.
The data above adds to your confluence and educated guesses about the market.
The data that exists in stablecoins can help you in making educated gambles to when market downtrends are more likely to occur, and when there is more likely to be an uptrend.
The data above adds to your confluence and educated guesses about the market.
Now Iβve gathered your attention whilst you were scrolling through Twitter, please listen closely π:
If you found value in this thread then please:
- retweet, like, or even reply x
If you want to sail to financial freedom then please:
- follow me, your favourite pirate x
If you found value in this thread then please:
- retweet, like, or even reply x
If you want to sail to financial freedom then please:
- follow me, your favourite pirate x
CC // some chads who might enjoy this thread, please follow them:
@ViktorDefi
@rektdiomedes
@ThorHartvigsen
@crypto_klay
@TheDeFinvestor
@ipor_intern
@Only1temmy
@crypto_linn
@DAdvisoor
@DeFi_Dad
@RiddlerDeFi
@byChadManDan
@blocmatesdotcom
@ViktorDefi
@rektdiomedes
@ThorHartvigsen
@crypto_klay
@TheDeFinvestor
@ipor_intern
@Only1temmy
@crypto_linn
@DAdvisoor
@DeFi_Dad
@RiddlerDeFi
@byChadManDan
@blocmatesdotcom
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