What is Santiment? The Complete Guide for Crypto Traders

Many traders are adept at reading candlesticks, but often fail to grasp the market's true intentions. Price charts alone can be deceiving. This is where the role of Santiment which is present as a solution.

The platform combines on-chain data, social conversations, and developer activity to help traders gain a deeper understanding of the market.

So, not only knowing the price moves up or down, but also understanding why It happened. Come on, read this article to find out more!

What is Santiment?

Simply, Santiment is a crypto market intelligence platform founded in 2016 by Maksim Balashevich.

Its function is to provide combined data from:

1. On-chain: movement of assets on the blockchain.

2. Social data: community conversations on social media.

3. Developer activities: update in the project code repository.

The difference with ordinary exchanges or charting tools, Santiment focuses on additional layers of information so that traders not only look at prices, but also the behavior behind them.

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The Important of Santiment for Traders

Traders who rely solely on price charts can become trapped by euphoria or panic. For example, long green candles often appear bullish, but they could actually be due to whales moving assets to exchanges to sell.

With Santiment, you can combine data from multiple perspectives:

1. On-chain→ read whale movements and token distribution.

2. Social data→ see whether the community is optimistic or fearful.

3. Developer activity→ measure the team's seriousness in building the project.

This three-dimensional combination makes trading decisions more measured, rather than simply following the flow.

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How Santiment Works

Santiment works like a big data center. The platform collects raw data from blockchain, social media, and repository code. The data is then cleaned, processed, and transformed into metrics that traders can understand.

There are two main ways to access it:

1. Sanbase: interactive dashboard to monitor data in graphical form.

2. SanAPI: API for quantitative traders or developers who want to integrate data into trading bots.

With these two channels, both novice and professional traders can utilize Santiment according to their needs.

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Key Metrics in Santiment

BHere are the key metrics you can see inSaintly: 

1. MVRV Ratio

Comparing market value with realized value.

High → many are already profitable, sales potential increases.

Low → undervalued market, bigger upside opportunity.

2. Exchange Inflow & Outflow

High inflow → potential sell signal.

High outflow→ long-term accumulation sign.

3. Whale Transactions & Holder Distribution

Large transactions can indicate accumulation or distribution by big players.

4. Social Volume & Sentiment

A spike in conversation could be a sign of hype or panic. It should be confirmed with other data to avoid misinformation.

5. Funding Rate & Derivatives Pulse

Measuring the dominant position in the derivatives market.

High positive → too long, prone to decline.

High negative → shorts dominate, potential bounce.

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Practical Workflow with Santiment

The following are simple practical using Santiment in daily analysis:

1. Search for asset candidates→ look at extreme social volume or MVRV.

2. On-chain check→ pay attention to inflow/outflow and whale transactions.

3. Confirm with price chart → see technical structure.

4. Monitor derivatives → funding rate to measure market bias.

5. Execution plan → determine entry, stop loss, and target.

With this flow, trading decisions become more systematic, not just speculation.

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Advantages and Disadvantages of Santiment

Here are the advantages and disadvantages Santiment you need to know:

Advantages:

- Full data: on-chain, social, developer.

- Suitable for trading signal validation.

- Can be accessed via dashboard or API.

Disadvantages:

- Social data is prone to bias (spam, bots, short-lived euphoria).

- Developer activity is not always recorded in repository public.

- Risk of interpretation bias if only one metric is used.

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Conclusion

Santiment is a crypto market intelligence platform that combines on-chain, social, and developer activity data. For traders, this platform is not just an additional tool, but a crucial validation tool for making more informed decisions.

Although there are limitations, the main advantage is that it gives a comprehensive picture of the market. With Santiment, you not only know the price, but also understand the story behind the movement.

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FAQ

What is Santiment?

Santiment is a crypto analytics platform that combines on-chain, social, and developer activity data.

Is Santiment free?

There is a free version with limited features, and a paid version for full access to the data.

What are the main benefits of Santiment for traders?

Helps read whale movements, detect social hype, and assess the seriousness of crypto projects.

Is the social data on Santiment always accurate?

Not always. Social data is susceptible to bots or hype, so it needs to be confirmed with other metrics.

What type of trader is it suitable for?

Santiment is best suited for swing traders, on-chain analysts, and medium–long-term investors.