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Analysis of Altcoins' Correlation with Bitcoin
“Altcoins are still demonstrating a positive correlation, showing that despite individual variations, they are following Bitcoin's movement. This behavior reinforces the idea that, at the moment, the market is moving in unison with BTC.” – Read More
By joaowedson @cryptoquant_official
Pavel Durov's Arrest. What's next for TON?
"Here are the three most significant changes in the data:
- The price dropped from $6.8 to $5.2, representing a decline of over 22%.
- The network (master and workchains) are normally producing blocks.
- Open Interest increased from approximately $200 million to $360 million, an 80% increase." – Link
By Maartunn | @cryptoquant_official
Bitcoin OTC Desk Balances Soar to Two-Year Peak
“Historically, increases in Bitcoin OTC desk balances have been associated with declines in Bitcoin prices.” – Link
By EgyHash | @cryptoquant_official
TON: Active Addresses (masterchain) hits ALL-TIME-HIGH
“Day after day, the number of active addresses on the TON Masterchain continues to break records. It has now reached 946 active addresses daily, marking a more than 7x increase since July 2021.” – Link
By maartunn | @cryptoquant_official
Increased demand for Bitcoin signals market consolidation finale
“The observed increase in token transfer volume at the $57K level serves as an indicator of sustained demand for the coins. This demand points to a bullish outlook among many market participants.” – Link
By AxelAdlerJr | @cryptoquant_official
We're Still in a Bull Market
“Investors are starting to take risks and bet as they have in past bitcoin bull markets.” – Link
By crypto sunmoon | @cryptoquant_official
Bitcoin funding rates have reached the highest level of negativity YTD on Binance
“Taking this into consideration, and as Binance has the largest share of open interest (OI), this could indicate a bearish market sentiment for the short term.” – Link
By EgyHash | @cryptoquant_official
Recent Trends and Changes in Fund Behavior
“The historical correlation between BTCE and the Bitcoin price has shown a consistent pattern, where changes in the fund’s reserves generally precede movements in BTC price.” – Read More
By joaowedson | @cryptoquant_official
Ethereum's Market Shakeout: Is a Bullish Rebound on the Horizon?
“With the futures market potentially reset, if demand returns, Ethereum could be poised for another impulsive bullish surge in the longer term.” – Link
By ShayanBTC | @cryptoquant_official
Pay attention to short-term whales
“The short-term holder whale realized price is in the 64K-65K range. This level may present itself as a resistance.” – Link
By XBTManager | @cryptoquant_official
Bitcoin forming an ascending flag pattern, on-chain charts indicate increasing buying pressure
“Examining the on-chain NetFlow chart shows the increasing pressure to buy Bitcoin. This is a confirmation of Bitcoin's technical pattern.” – Read More
By CryptoOnchain | @cryptoquant_official
Is the Crypto Market Deleveraged Enough After Yesterday's Crash?
“The significant drops in OI (from $17.78B on August 2nd) and ELR indicate substantial deleveraging. Many leveraged positions have been liquidated or closed, reducing market risk and volatility.” – Read More
By IT Tech | @cryptoquant_official
Real price volatility will occur during U.S. market hours
“If the current price drop is due to an exit trend or new issues in the U.S. market, the Coinbase Premium Gap (CPG) should show a significant reaction.” – Link
By Mignolet | @cryptoquant_official
TRON Network Maintains a 30% User Retention Rate Throughout July
Traditional blockchain metrics like active users and transaction count often lack the context that explains what type of users are interacting with the network.
One metric that gives more detailed information about user activity is what I call user retention rate; or what percentage of users transacting on one day also transacted on the previous day.
In the case of TRON, throughout July around 30 percent of the active users each day also transacted on the previous day.
This shows that a large portion of TRON users are not just active, but they are also finding enough value in the network to keep them coming back each day. – Read More
By CQBen | @cryptoquant_official
On-Chain Heatmap: Unveiling Altcoin Movements This Week
IT Tech dives into how high altcoin inflows suggest potential price drops, while high outflows indicate potential buying opportunities. – Read More
@cryptoquant_official
In the past 30 days, Long Term Holders supply increased by 262,000 BTC.
They now control 14.82 million BTC, which accounts for 75% of the total supply.
See our latest on-chain dashboard for more.
@cryptoquant_official
Bitcoin demand growth remains at low levels and even has turned negative in the last few weeks.
Bitcoin Apparent demand has slowed considerably since early April when Bitcoin was trading at around $70K.
View our latest dashboard for more insights.
@cryptoquant_official
Bitcoin's dominance in the market is rising, reaching a 40-month high
In the chart, you can see how Bitcoin's dominance has expanded relative to Ethereum's market cap, now hitting a 40-month peak with a dominance of 78.5%. This indicates a stronger demand for Bitcoin among investors, while Ethereum’s appeal has not (yet) matched up.
The dominance of Bitcoin began to increase in late 2022 with the growing speculation around a Bitcoin ETF. Since then, the ETF has been approved and has experienced significant inflows.
Despite this, speculation about an Ethereum ETF and its eventual approval have not altered this trend. This is evident in the limited demand reflected in the low numbers for the ETH ETF.
In the past, major events like the ICO bubble and bubble peak-2021 have shaped this trend. It’s probable that a similarly significant event will be required for Ethereum to alter this trajectory.
See the live chart.
@cryptoquant_official
Stablecoins’ total market cap has hit a record $165 billion, the highest ever.
This increase often signals rising Bitcoin and crypto prices.
See our dashboard on Monitoring Bitcoin Demand.
@cryptoquant_official
Hash Ribbons signals the end of miner capitulation
Hash Ribbons is a popular indicator that highlights periods of stress in the mining market. It uses the 30- and 60-day moving averages of the Hash Rate and has just signaled the end of miner capitulation.
This is logical given that the Hash Rate has just reached a new all-time high of 638 EH/s. Miners are beginning to use more efficient equipment, turning their machines back on and becoming less likely to sell.
It's the first time this has happened since the halving, when the block reward for miners was reduced to 3,125 BTC (~$185k), making it a significant and healthy signal.
Although the indicator isn't meant to pinpoint the exact price bottom, it often precedes higher prices by signaling a reduction in selling pressure from miners.
See the live chart.
@cryptoquant_official
We may have seen a miner capitulation last week as Bitcoin outflows hit 19K BTC on Aug 5, the highest since March.
Miners likely sold as their profit margins were squeezed to 25%, the lowest since January.
Explore our Crypto Weekly Report for all the live data.
@cryptoquant_official
Will the bears seize control of the market?
“The NUPL metric is currently positioned near a critical level. Historically, the 0.4 level has served as a significant point of support and resistance.” – Link
By Grizzly | @cryptoquant_official
Has the selling pressure returned?
“When these long-dormant Bitcoins are moved, it often leads to increased selling pressure in the market.” – Read More
By XBTManager | @cryptoquant_official
Bitcoin demand among traders needs to rise for prices to recover fully.
Holdings have reduced since late May amid price declines.
Explore our Crypto Weekly Report for all the live data.
@cryptoquant_official
Bitcoin: demand is back in the US market?
“Coinbase Premium Index turned positive again… High premium values could indicate US investors' strong buying pressure in Coinbase.” – Link
By IT Tech | @cryptoquant_official
BTC - UTXO loss ratio is similar to the 2020 bull cycle
“The estimated percentage of Bitcoin in the loss range as of 2024 is similar to the big correction during the 2020 bull cycle.” – Read More
By Crypto Dan | @cryptoquant_official
BTC 2024's Largest Long Position Liquidation and Open Interest Decrease
“This resulted in the liquidation of 5,500 BTC long positions over 24 hours. This liquidation is approximately $303 million (based on the hourly closing price).” – Link
By Yonsei_dent | @cryptoquant_official
Bitcoin dropped over 16% in the last 24 hours, breaking below the $57K support level.
This breach suggests a possible drop to $40K.
Currently, traders are facing their most negative unrealized profit margins since November 2022.
See our Bitcoin holding behavior dashboard for more insights.
@cryptoquant_official
Bitcoin miner outflows have decreased, indicating less selling pressure as prices recover.
In July, daily outflows were between 5K-10K BTC, down from 10K-20K in March and lower than April-May’s post-halving spikes.
Explore all the details and live data in our latest Weekly Report.
@cryptoquant_official
MicroStrategy Bought Again: Essential Stats You Need to Know!
“Although their recent purchase was small (only 169 bitcoins), there seems to be no end in sight, as they also announced plans to buy an additional $2.0 billion worth of bitcoin.” – Read More
By maartunn | @cryptoquant_official