Quick Take
- CVX dropped 25% after a risk alert of “Smart Money” & “Debank Tops” sell orders from Candlestick.
- LDO experienced a price retrace after a 16% gain in 24h. Candlestick alerted LDO holders of the potential price drop based on Smart Money & Large Liquidity Withdrawal signals.
- STG was down 17% to $0.7 after a 171%+ price up. Candlestick alerted the bearish signal when it was at $0.9.
4 indicators to alert yourself of the risk of short-term price drop:
- Smart Money & Debank Tops Net Buy Value/sell orders
- Net Buy Value
- Liquidity withdrawal
- CEX Inflow
When you see these 4 indicators turn negative, you should be aware of the followed-up risk of price down.
Case 1 - CVX
Over the past 7 days,
- Smart Money Net Buy Value was $-28.75K
- Debankt Tops Net Buy Value was $-484K
We alerted the risk on Aug 17. CVX saw a price downtrend to $4.8 starting on Aug 17 till now.
Above is the current last 1d “Debank Tops” buy/sell orders. All sell orders in the past 24h, as we can see.
Case 2 - LDO
On Aug 21st, LDO gained 16% from $1.8 to $2.31. However, Candlestick data signals 2 risks of price retrace:
- Smart Money & Debank Tops sell orders
- $2million TVL withdrew from LDO/WETH liquidity pool
LDO dropped from $2.2 to $1.964, -10.7% after Candlestick’s alert.
$2million TVL was just removed from LDO/ WETH pairs on Uniswap V3. At that time, the liquidity removed was $857k, and liquidity added $596k.
Case 3 - STG
As a crypto investor, you must be noticed STG last week. It skyrocketed after the Binance listing announcement.
However, despite all the FOMO, Candlestick alerted users of the price retrace on the day when it was up 171%.
Take a sneak peek of Smart Money & Debank Tops balance change: + or -?
We talked about how important it is to track Smart Money in this email. You can view Smart Money and Debank Tops movements in 20+ Candlestick metrics.
Check Smart Money & Debank Tops balance change. You can know if they are adding balance or removing tokens.
STG Smart Money balance as an example:
Defi OG 2e4b has cleared all his STG tokens in his address.
