Quicktake:
- 3 key stablecoins on-chain data show the same similarities before the crash: Net Buy Value & Buyers number surged.
The three key stablecoins USDC, USDT & DAI showed abnormal on-chain data right before the slump.
- Net Buy Value surge
- Buyers increased sharply
This makes sense, actually. Because when the market crash, traders will sell the altcoins to stablecoins. This explains why the stablecoins’ Net Buy Value & buyers number will surge.
Let’s see the details
The regular number is a few million.
Right before the crash, the number surged to above $10 million USDT Net Buy within 5 mins.
You can see the real-time on-chain buyers’ and sellers’ numbers through this chart, and it is FREE!
👉How To Find Out Buyers & Sellers-Concentrated Price?
The regular number of USDT 5min buyers is a few dozen. It increased to above 100 suddenly.
The Net Buy Value & Buyers’ number surge indicates the demand of USDT stablecoin suddenly increased. —> Sell altcoins.
USDC 5min Net Buy Value surged to above $20 million right before the crypto crash.
USDC Buyers number sharply increased to above 100.
What you can do? Set the alerts to remind yourself as our users do!
CEX Deposits Increased Before The Crash
We also notice that large CEX deposits will appear before the crash for some major tokens. See some examples:
👉Why do CEX Flows Matter in Crypto?
See What Our Trader Users Say
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