SoFi’s Head of Investment Strategy looks at the recent market rally and explains why some of the indicators of strength could still be head fakes.

Global In/Out of the Money

The Global In/Out of the Money (GIOM) classifies addresses based on if they are profiting (in the money), breaking even (at the money) or losing money (out of the money) on their positions at current price. IntoTheBlock calculates an address’ average cost based on the weighted average price at which it bought or received the tokens currently held by the address. IntoTheBlock categorizes addresses and tokens accordingly to obtain an aggregate view of profitability for a particular crypto asset.

The GIOM aggregates all addresses’ positions into clusters based on the number of addresses (or volume) that had previously bought at a certain price range. The larger these clusters, the more support/resistance is expected around these price levels.

Volatility

The Volatility indicator measures the 30- or 60-day variations in price for a particular crypto-asset. This is calculated as the standard deviation of the period’s daily returns and annualizing the variation. Since crypto markets are 24/7 the annualization formula takes into account 365 days (as opposed to the 252 trading days generally available in stock markets).

Total Addresses

The Total Addresses indicator monitors three key metrics:

Total Addresses: All addresses ever created one point have held a particular crypto-asset, including those that still do.

Total with Balance (Holders): All addresses that currently hold this particular crypto-asset.

Total Zero Balance: All the addresses that used to hold a crypto-asset but no longer do.

Put simply Total Addresses = Total with Balance + Total Zero Balance

The IntoTheBlock team has Total with Balance selected as default as it is more indicative of a crypto-asset’s on-chain ‘health’.

Number of Transactions

As the name suggests, this indicator displays the number of transactions for a particular crypto-asset on a given day. This data is based on what is shown in the blockchain, therefore transactions taken within exchanges are not recorded unless they occur on-chain.

For smart contract protocols such as Ethereum and Ontology, the number of transactions includes transactions that take place in tokens built on top of them. For example, if there are 200 LINK transactions, Ethereum will also record those 200 transactions as ETH is required to transfer ERC-20 tokens on-chain.

Transactions Volume

The Transactions Volume indicator measures the aggregate volume of transactions recorded on-chain. This version of the indicator tracks the volume in crypto terms (i.e. BTC instead USD). You can use the indicator in USD terms here.

Another version of this indicator, Large Transactions Volume, measures only the volume of transactions over $100,000, which is indicative of whale/institutional activity.

Addresses by Time Held

Since blockchains run on a public distributed ledger and all data is of public access. Numerous characteristics regarding addresses can be extracted. IntoTheBlock gathers addresses depending on the time they have held the specific asset. These addresses are divided the following way:

Hodlers – addresses that have held the asset over a period of one year.

Cruisers – addresses with holding periods between one and twelve months.

Traders – the group that have held the asset for less than one month.

Balance by Time Held

In the same way that IntoThBlock classifies the number of addresses by their holding period, this indicator takes it a step further by adding the value that each specific group has represented over time. The indicator shows the value of coins relative to each individual group (Hodlers, Cruisers and Traders) since its historic inception. This helps to keep track of the trading behaviors of each different group.

Net Flows

IntoTheBlock has built a proprietary machine learning powered classifier to identify addresses of top centralized exchanges, including their deposit addresses, withdrawal addresses, hot wallets and cold wallets. With this classifier, IntoTheBlock can measure the net volume flowing into exchanges. Through the following formula IntoTheBlock calculates Net Flows:

Net Flows = Inflow Volume – Outflow Volume

Twitter Sentiment

The Twitter Sentiment indicator uses IntoTheBlock’s proprietary classification machine learning algorithm to infer the connotation of messages discussing a particular crypto-asset and its ticker. These are plotted over time to track market sentiment and the level of activity in relation to a crypto-asset in Twitter.

Search Trends

The Search Trends indicator uses Google’s API to obtain the relative rank of searches performed by Google users globally for a particular crypto-asset. The relative ranks range from 0 to 100, where 0 is the lowest period of search volume and 100 indicates the peak number of searches.

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Personal Loan

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$32,596

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Interest Rate

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$763.70

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5-year interest paid

$13,226

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Example chart shows calculations based on a 5 year SoFi Personal Loan with a fixed rate of 14.31% APR, which is the rounded average median funded APR for SoFi Personal Loan borrowers who took out a loan with a 5 year term” from January 1 2022- January 1 2023. Lowest rates are reserved for the most qualified borrowers. The ‘High-Interest Rate Credit-Card’ APR shown is the average credit card APR reported by Wallethub for Q4 2022 under their Good Credit category. The savings estimate also assumes that the borrower doesn’t take out any additional credit card debt during the same period. Both calculations assume 60 total monthly payments and no pre-payment amounts.

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Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2021 was around $33k. Information current as of 12/19/25. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility-criteria for details and state restrictions.

Personal Loan Rates and Terms: Fixed rates from 8.74% APR to 35.49% APR reflect the 0.25% autopay discount. SoFi rate ranges are current as of 5/20/22 and are subject to change based on market conditions and borrower eligibility. Interest-rate caps may be lower in some states due to legal requirements and may impact your eligibility to qualify for a SoFi loan. Minimum loan requirements might be higher than $5,000 and interest-rate caps may be lower in some states due to legal requirements and may impact your eligibility to qualify for a SoFi loan. The average of SoFi Personal Loans funded in 2021 was around $33k. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.

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PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. Annual percentage rates (APRs) shown include the 0.25% autopay discount. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term; check out our full APR examples and terms. Remember, not all applicants will qualify for the lowest rate. Want to learn more? See our eligibility criteria at SoFi.com/eligibility-criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change. Fixed Rates: Fixed rates range from 8.74% APR to 35.49% APR (with autopay). The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. Enrolling in autopay is not required to receive a loan from SoFi. Loan Terms: SoFi Personal Loans offer loans with a period of repayment between 2 and 7-year terms. Loan Fees: SoFi personal loans have no fees; specifically, no origination fees, no late fees, no prepayment penalties.

PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay discount, and a fixed rate between 8.74% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,366.97–$1,763.32 for a total amount of payments ranging from $32,807.19–$42,319.74. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal loans. State restrictions may apply.

* Same-Day Personal Loan Funding: 86% of typical SoFi Personal Loan applications, excluding Direct Pay Personal Loans and Personal Loan refinance, from January 1, 2021 to December 1, 2021 that were signed before 7pm ET on a business day were funded the same day.

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