On-Chain Data Profile picture
Apr 25, 2022 8 tweets 5 min read Read on X
Let's Talk: @nansen_ai 🧵

Today we'll be showing some of what this platform can do, which can prove to be worthy during this times where alpha might seem hard to find in #BTC or #Ethereum !

1/ Let's look what Smart money is putting their cash

That's a unusual inflow for $ENS
2/ Are this Smart Money players actually buying?

Analyzing token movements for the past 2 days shows just one wallet to "blame" for this, since all the other movements are not significant.
4/ What is he doing with the tokens?

This guys (wallet labeled as langford.eth) has been taking $ENS from #Binance to his personal wallet, meaning this guy is not planning on selling short term.

Does he knows something we don´t about #ENS ?
5/ Lets get to know our buyer a little deeper, what else does he holds?

This guy has around 10M USD in this wallet, holding mostly $USDT and $ENS.

We can also see he is an active trader who also is into NFTs, holding some of the blue chip collections #CloneX .
6/ Is he a longtime $ENS holder?

Nope, seems like he hasn't been holding the token before, so why would he buy such a large portion just a few days ago?

Now it's time to do some research about the token behavior and the project itself, any event we might not be aware of?
7/ Token price seems to be in a ranging movement in the $14 to $16 area lately, so whatever "might" happen, it hasn't happened yet.

#CoinGecko charts:
8/ So far we've got plenty of information from the @nansen_ai #nansen platform, we discovered a token ( $ENS) with a relevant inflow from a smart money wallet but seems like this is the only guy behind this move.

Not more smart money following the strategy and I didn't ...
9/ find any catalysts or events that might move the price in the short term, so not sure about this thesis.

What would you do?
Do you have any more data that might support a buy?

Let me know in the comments!

If you enjoyed this thread, please follow and RT to help me grow 🙌 !

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with On-Chain Data

On-Chain Data Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @OnChainData

Apr 26, 2022
Let's Talk: #Bitcoin Weekly Overview 🧵

1/ Price Action

$BTC continues to trade on the lower range of an uptrend channel, below relevant EMAs (20, 55, 100) and POC. Not great signs if you ask me.

#BTC needs to claim the higher range of the channel sooner rather than later.
2/ Daily Active Addresses

We've been follow this metric on a weekly basis for some time now, and it's impressive to see how well it keeps up.

Regardless $BTC price action, we are still averaging 930k+ active wallets on a daily basis, with lower activity during weekends. 📈
3/ #Bitcoin Supply on Exchanges

Supply has been quite constant during the past week, with no significant inflows or outflows.

We can see the trend so far (violet line) has been a decreasing stock of $BTC, meaning there's a light tendency for custody in cold wallets. 📈
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(