The market is improving, but no liquidity. Whales are...?
"In the absence of liquidity in the market, market makers need to trade in small sizes."
― Link
by Crypto_Lion | @cryptoquant_official
Where is Bitcoin amid market turbulence (from an on-chain perspective)?
• 1m-3m realized price
• Whales
• Coinbase premium
• MVRV ratio
Weekly #Bitcoin Highlights (March 15, 2023) | @cryptoquant_official
Bitcoin rises amid bankruptcy of U.S. Banks 🔥
"The price of Bitcoin has risen more than 20% amid the crisis in the US banking system, where 3 banks have been closed by the US government and declared bankruptcy."
― Link
by G a a h | @cryptoquant_official
BTC - Coinbase Whale Movement Occurred
" If the whales intend to keep the market going higher for some time, I think the price of Bitcoin should not break out of the $19,500 area where CPG started moving."
― Link
by Dan Lim | @cryptoquant_official
$BTC Coinbase Premium Index hits a 3-year high
$ETH Coinbase Premium Index hits a 30-month high
Live Chart | @cryptoquant_official
0.65B DAI supply has been added to the total supply for the past 24 hours.
$DAI is currently priced at $0.93
Link | @cryptoquant_official
Did the US government provide fuel for the price drop? 🤔
"Shortly after the transaction was executed, Coinbase Premium started to become strongly negative."
― Link
by maartunn | @cryptoquant_official
Ethereum price dropped by -7.45% in the past 24 hours.
Coinbase exchange led the selling pressure.
Link | @cryptoquant_official
Maximize Your Bitcoin Investment: How the BCI Can Help You Beat the Market!
"The index uses two key metrics, Net Unrealized Profit/Loss (NUPL) and Market Value to Realized Value (MVRV)..."
― Link
by AxelAdlerJr | @cryptoquant_official
Better to watch-out and monitor the miner's selling behavior!
"This shows that the recent bullish spike in BItcoin’s price has provided a great chance for the miners to offload their assets, controlling their mining expenses."
― Link
by Greatest_Trader | @cryptoquant_official
📑Weekly Fud Buster Dashboard
- Is Celsius behind the recent Bitcoin plunge?
- $MKR price spiked by +17% vs. last week, but why?
- Are stablecoins really stable?
Dashboard | @cryptoquant_official
ETH Selling Pressure Analysis Ahead of the Shanghai Upgrade: the Profit & Loss Perspective
CryptoQuant's research team assessed ETH Selling Pressure after the Shanghai Upgrade.
- STAKED ETH IN PROFIT/LOSS
- STAKED ETH PROFIT/LOSS ANALYSIS BY POOL
- STAKING POOL DEPOSITOR ANALYSIS
- STAKED ETH OUTFLOWS (Available when outflows occur after the Shanghai Upgrade)
Dashboard | @cryptoquant_official
Bitcoin reserves on exchanges continue to increase, except on Coinbase.
"Institutional activity on Coinbase was one of the main catalysts for the $25k breakout."
― Link
by caueconomy | @cryptoquant_official
BTC - MVRV Retest Complete
"Since the rise has been large, Bitcoin is likely to move sideways for the time being, but the first half of 2023 is likely to be in good mood."
― Link
by Dan Lim | @cryptoquant_official
👀 Derivatives effect on BTC
"Regarding last move; that rise based on derivative exchanges effect substantially"
― Link
by Eralp Buyukaslan | @cryptoquant_official
Spot determines direction, while derivatives generate volatility
"At this stage, it was more evident that if stablecoins flowed in, derivatives would act as fuel for further volatility."
― Link
by Crypto_Lion | @cryptoquant_official
BTC: Will history repeat itself?
"If the bitcoin price tests level 1 of MVRV successfully and goes back above EMA 100D of this metric, bitcoin will be back in the game."
― Link
by Crazzyblockk | @cryptoquant_official
$BTC funding rates hits a 4-month low
$ETH funding rates hits a 6-month low
Live Chart | @cryptoquant_official
2.65B USD Coin supply has been redeemed for the past 24 hours.
$USDC is currently priced at $0.897
Link | @cryptoquant_official
USDC redemptions:
3 large redemptions happened in less than an hour yesterday ($200M each)
To monitor USDC and other stablecoins 👇
CryptoQuant Research ] Stablecoin Price and Flows Monitor
While the Huobi stablecoin reserve has drawn attention, the total reserve dropped by -72.1M USD in the past 24 hours.
Netflow
$BTC: -33.1M USD
$ETH: -10.3M USD
$Alts: -13.9M USD
Stablecoins: -14.8M USD
Dashboard | @cryptoquant_official
Miners are putting pressure on Bitcoin
"If miner pressure continues to increase in addition to other factors, Bitcoin could fall to either $19,500 or $16,600."
― Link
by BaroVirtual | @cryptoquant_official
Weekly Crypto Highlights (03/08/2023)
"2 reasons for BTC's correction last week (and why we could be cautiously optimistic about Bitcoin's outlook)."
Link | @cryptoquant_official
The market is mostly bearish and is betting on further declines, according to funding rates.
"If we have more leverage building and bearish bets in this setup we could have a price recovery driven by cascading shorts liquidations."
― Link
by caueconomy | @cryptoquant_official
Living in a time when history is being replayed
"...it seems that "long-term holders" will gradually gain control of the market and raise prices “Again”."
― Link
by Woominkyu | @cryptoquant_official
Short-term Holders Importance
"In the bearish market, after approaching number 1 and slightly above it, we saw the exit of liquidity, which generally indicated the bearish outlook of the holders."
― Link
by Crazzyblockk | @cryptoquant_official