Inside Look: FishTank's AI Signals
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Why did we adopt a bearish stance despite Bitcoin's breakout?
Each following snapshot was taken around the same time as our last update. (November 20th, 2023)
AI signals.
Following is an AI signal detecting downside risk in a 60-day time window.
![](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F2dmfh01c%2Fproduction%2Fcc05a0d9b968c945f0a225460e170ef9cb8b6fa7-1003x759.png&w=1200&q=75)
The following signals are slightly more complex, they represent different kind of bullish and bearish signals for different kind of strategies. In this context, the bullish signal reflects the model's confidence in a potential 'Buy' opportunity, while the bearish signal indicates confidence in a 'Sell' opportunity.
![](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F2dmfh01c%2Fproduction%2F58493a0fb64922b31f8a37ec1ffb30291788af0f-1003x759.png&w=1200&q=75)
Specific Data.
Glassnode (one of our data providers) is great at generating comprehensive and user-friendly on-chain data aggregations, along with visually appealing charts. Here, we present a few examples to give you a glimpse of the types of insights that can be produced from on-chain analysis.
The following two charts show the supply held by large and relevant wallets.
![100-1k ETH wallets have been consistently offloading their ETH holdings since the FTX crash.](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F2dmfh01c%2Fproduction%2F9c1c572b4c15588c040093320a2aa8c25b13f380-2272x708.png&w=1200&q=75)
![Large BTC wallets are taking profits on the breakout.](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F2dmfh01c%2Fproduction%2F2a9e28cad82b8d058d4b0679042b9de30e3a16d5-2038x588.png&w=1200&q=75)
The following chart shows the Profit/Loss ratio volume being sent to exchanges.
![Exchange Inflow: Volume Profit/Loss Bias](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F2dmfh01c%2Fproduction%2F7ee42c80d2ccc2cef367a0f0c439ab26f0421034-2050x858.png&w=1200&q=75)
The following chart shows the supply of DeFi blue-chips tokens on exchanges.
![Blue-Chips Balances on Exchanges](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F2dmfh01c%2Fproduction%2Fdf024d5d985b2fe45b8d74053313f6aefeb4913e-2348x1320.png&w=1200&q=75)
The following chart show the changes in miners' Bitcoin supply.
![Miners selling](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F2dmfh01c%2Fproduction%2F651fd8126a375a1fc004c99d1761b21c4da8961b-1640x782.png&w=1200&q=75)