Introduction

In this section, the host Andy introduces the guest Brian Quinn and welcomes the audience.

• Andy welcomes the audience and introduces Brian Quinn as a special guest from Santiman.

• The show is held once a month, and they will discuss what has happened in the markets since their last show.

Negative Sentiment in Crypto Markets

In this section, Brian talks about negative sentiment in crypto markets and how it can be a good thing for investors.

• Negative sentiment has been growing on social platforms since markets topped just over a month ago.

• Markets generally move in the opposite direction of crowd expectations, so when people believe that prices are going to continue to go down, it's often an opportunity to buy into everyone else's fear and lack of confidence.

• Brian explains why negative sentiment can be a good thing for investors and how they can take advantage of it.

Market Update with Sentiment Metrics

In this section, Brian provides an update on market sentiment metrics.

• Brian shares his screen to show sentiment metrics from Dotsentiment.

• Social volume is down across all assets in the top 100 market cap list compared to last month.

• Bitcoin is being talked about less than before, along with other major cryptocurrencies like Ethereum and Tether.

• There are fewer participants in crypto at the moment due to doubt that Bitcoin can reach back above $30k anytime soon.

• Despite this negative sentiment, there are still some outliers like Lido State Ethereum, Internet Computer Wrapped Binance Coin Bitcoin BEP2 Rocket Pool Pepe still getting talked about a lot makes sense Radix and Bitcoin SV.

Crypto Market Drop and Sentiment Analysis

The speaker discusses the recent drop in crypto market prices and provides perspective on the current state of the market. They also analyze sentiment among investors regarding whether or not crypto markets have hit their peak for 2021.

Recent Price Drop

• The top 100 cryptocurrencies have experienced a significant drop in prices, with this being the most red seen in a 30-day interval since June of last year.

• Prices have dropped quite a bit, but it's important to maintain perspective as we are still far above the numbers from the beginning of January.

Sentiment Analysis

• Nearly half of people believe that crypto markets hit their peak in April and won't surpass those Bitcoin and Ethereum prices again. This shows how much fear, uncertainty, and doubt (FUD) is present in the market right now.

• However, it's important to remember that this isn't a huge drop by any means, with Bitcoin only falling about seven percent and Ethereum four percent since those tops.

Inflation Rates and Long-Term Investing

The speakers discuss inflation rates and long-term investing strategies for cryptocurrency.

Inflation Rates

• Jerome Powell has recently increased interest rates again, but there is some indication that inflation rates may be on the way down.

• Half of people in crypto believe that we've already hit our peak for 2021, which could be related to concerns about inflation rates.

Long-Term Investing

• If you're a long-term investor in crypto (18 months to two years), it's important to remember that adoption rates are still relatively low and there is a lot of room for growth.

• The speakers compare the current state of crypto to the early days of the dot-com bubble, where there was a lot of doom and gloom but ultimately adoption rates increased significantly.

• Bitcoin's upcoming halving event is estimated to be around 50 weeks away, which historically has been a bullish event for crypto prices.

Crypto Twitter and Bitcoin Accumulation

In this section, the speaker discusses how people on Crypto Twitter may be disingenuous when making big calls about cryptocurrency. They also talk about how there is accumulation going on with Bitcoin despite small traders getting spooked.

Disingenuous Calls on Crypto Twitter

• People on Crypto Twitter may make big calls about cryptocurrency to influence others to believe it, even if they don't actually believe it themselves.

Bitcoin Accumulation Despite Small Traders Getting Spooked

• The shark and whale line shows that accumulation for them has almost inverted since April 10th, with approximately 0.29% more of the overall supply being added since then. This is a lot of money, possibly hundreds of millions of dollars.

• There is a bullish divergence indicating actual accumulation going on while people are getting nervous and thinking that the top happened already. Short and mid-term signs suggest prices can turn around and head back towards $30k.

• Stable coins are being accumulated more and more, including Bitcoin which has been accumulated rather than dumped over the past month despite many people calling the top.

Litecoin's Small Addresses Ascending Quickly in May

In this section, the speaker talks about how Litecoin is seeing a ton of smaller addresses accumulating like crazy in May while sharks and whales have been up and down.

Litecoin's Small Addresses Accumulating Like Crazy in May

• A ton of thousands coin or less addresses are accumulating Litecoin like crazy with 120,000 combined being accumulated from these smaller addresses over the first 10 days of May. This is a lot of money for these smaller addresses to be accumulating.

• Sharks and whales are up and down, especially the 100K to 1 million tier. They are definitely moving.

Litecoin Active Addresses on the Rise

The speaker discusses the recent rise in active addresses for Litecoin and what it could indicate.

Active Addresses

• Over the past 3-5 days, there has been a significant climb in active addresses for Litecoin.

• The amount of active addresses per day has tripled from 16.8k to 47.3k in just nine days.

• This indicates the amount of unique addresses on the LTC Network that are interacting with the network and making transactions.

• It's unclear why this is happening, but it could be due to new Litecoin adopters.

Buy vs Sell Calls for Litecoin

The speaker discusses buy vs sell calls for Litecoin and how avoiding going with crowd consensus can be profitable.

Buy vs Sell Calls

• Positive keywords like "buy," "bot," and "bullish" are compared to negative keywords like "sell," "sold," and "bearish."

• Two major bounces over the past week coincided perfectly with negative spikes where people were saying prices are going to drop, crypto's topped, time to sell, etc.

• Avoiding going with crowd consensus is generally a profitable venture.

Ethereum Performance Compared to Bitcoin

The speaker briefly discusses Ethereum's performance compared to Bitcoin.

Ethereum Performance

• Ethereum has stayed up with Bitcoin in the long term and has only been down four percent over the past 30 days.

Ethereum Market Analysis

In this section, the speaker provides an analysis of the current state of the Ethereum market.

Ethereum Traders

• Ethereum's 30-day traders are down four percent on average, indicating a less risky time to add to your position or open a new one.

• Long-term traders are still up quite a bit, but ideally, it is best to buy when both lines are below the zero axis.

Whale Transactions and Supply on Exchanges

• The 100 to 1 million ETH addresses collectively hold about 62 percent of the supply, which has dropped about four percent from five months ago. This could be due to whales letting go of some of their ETH. However, it can be misleading as many big addresses break their ETH into different addresses for DeFi purposes.

• The supply on exchanges is continuing to drop lower and lower and is currently at its lowest since Genesis for Ethereum. This indicates less risk of another huge sell-off as there can only be so many coins sold off that need to be on exchanges for that to happen.

Other Indicators

• Funding rate is fairly neutral for Ethereum.

• Dormant address not moving too much right now.

Conclusion

In this section, the speakers conclude their discussion and express interest in seeing if the FED has halted their interest rate hikes.

• The speakers have covered some good stuff in this discussion and will talk again next month to see if the FED has halted their interest rate hikes.

• Interest rates have been increased multiple times in recent years, with the last 25 DPS one being the final one for now.

Catch-up Call with Sentiments and Equities Tracker

In this section, Brian discusses the metrics on-chain and shares invaluable insights.

Metrics on-Chain

• Brian shares the metrics on-chain.

• The metrics on-chain provide invaluable insights.

Appreciation

• Andy and the sentiments and equities tracker team appreciate Brian's support.

• Brian is always appreciative of Andy for giving him his time.

Conclusion

• The call ends with everyone wishing each other a great day.