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Weekly #Bitcoin Highlights (May 3, 2023)
Understanding the Interplay Between Bitcoin Holders and Market Cycles
@cryptoquant_official
The bear market is not over for miners.
"The return of miners' interest in holding bitcoins for a longer time will be one of the other valuable factors for the growth of the price counties..."
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by Crazzyblockk | @cryptoquant_official
Bitcoin Transaction Count(Total) hits an all-time-high.
1. #Bitcoin network activity has reached fresh highs.
2. The recent increase in network activity is due to a spike in total daily transactions to record levels.
3. Transactions are being driven by increasing use of Taproot addresses for the use of Inscriptions.
Live Dashboard | @cryptoquant_official
Volatility Ahead: Ratio between Spot/Futures Volume hits an all-time high 😱
"At this moment, the trading volume in the futures market is around 900k on a daily basis, while the volume in spot trading is around 100k."
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by maartunn | @cryptoquant_official
BTC Volatility Decreased due to the recent plunge/surge: Be aware of short-term positioning
"Note the reduced upside potential due to exhaustion of buying pressure."
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by Yonsei_dent | @cryptoquant_official
Weekly #Bitcoin Highlights (2023.04.26)
Bitcoin Price Support Levels
@cryptoquant_official
BTC Active Addresses 30D MA, break through the 18-month high!
"Market demand seems to have flowed in with the recovery phase."
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by Yonsei_dent | @cryptoquant_official
The Accumulation Cycle Still Intact, Despite the Recent Correction
"Despite the falling spot price, bitcoin's exchange stablecoin ratio (yellow, ESR) is currently acting as a leading indicator to bitcoin, and other digital assets in correlation."
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by oinonen_t | @cryptoquant_official
Price Drop Analysis: Wave of Selling as Short-term Holders Cut Losses
"..it's crucial to consider other factors and indicators in conjunction with the STH-SOPR to gain a comprehensive understanding.."
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by onchained | @cryptoquant_official
This Behavior Appears Around Tops & Bottoms
" 6,000 BTC with an age between 7 and 10 years moved. This could be a sign of a local top. "
This analysis has been published on Quicktake by maartunn on 2023 Apr 21
@cryptoquant_official
Every Bitcoin bull market so far has started in the U.S.
"The percentage of Bitcoin held by U.S.-based exchanges, banks, and funds has not yet risen."
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by crypto sunmoon | @cryptoquant_official
Consideration of the starting point of the rise in the current bull market
"...the price started to rise again when the FR 72H MA was in the zero region from the negative region."
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by J O | @cryptoquant_official
Spent Output 7y - 10y increases again
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by Mignolet | @cryptoquant_official
📑Weekly Fud Buster Dashboard
- $TUSD is the next $BUSD?
- Does Bitcoin mining pollute the world?
Dashboard | @cryptoquant_official
Futures market trends and Bitcoin
"From a sentiment perspective, the potential for Bitcoin's price to rise is greater as increasing short positions are being liquidated."
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by Woominkyu | @cryptoquant_official
"Sell In May And Go Away" - TRUE OR FALSE?
"This suggests that the principle doesn't work for Bitcoin directly, but it's worth noticing that..."
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by maartunn | @cryptoquant_official
Bitcoin Transaction Count(30D MA) just reached a 22-months high
"The increase in the most recent period is very noticeable because multiple scaling solutions have been implemented like Lightning network of SegWit."
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by maartunn | @cryptoquant_official
Bitcoin reserve in American exchanges is decreasing
"Because of regulatory demands, American investors may no longer have as much faith in exchanges and would rather shift their coins to offshore exchanges or their wallets."
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by Grizzly | @cryptoquant_official
Transaction Count (Total) increasing
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by Mignolet | @cryptoquant_official
Second largest long liquidations within 1h in 2023.
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by IT Tech | @cryptoquant_official
Bitcoin Price Shows Signs of Recovery: Analysis of UTXO Value Bands and Whale Accumulation
"It suggests that these whales or large investors were accumulating more Bitcoin during a period of relatively low prices."
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by onchained | @cryptoquant_official
MVRV 30D MA reaches an 11 month high 🔥
"It is important to note that, historically, MVRV has been an excellent indicator to detect major top/bottom or the local top/bottom that occurred in the trend transition phase."
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by G a a h | @cryptoquant_official
Long term holder sopr suggests that we are in a recovery phase.
"Through this indicator, we can believe that the BTC price will never return below the value it established in November-December 2021."
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by caueconomy | @cryptoquant_official
What is the reason behind the current decrease in the price of Bitcoin?
"It's worth mentioning that the cost of mining has reached around $27,200, which is close to the current price."
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by Tarekonchain | @cryptoquant_official
BTC Status Checked with Macro & Micro MVRV
"Negative divergence not confirmed: the possibility of distribution through investors realizing profits is low."
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by Yonsei_dent | @cryptoquant_official
BTC: the sentiment of traders
"If this level breaks, the next support level is in the range of 25-23k."
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by Crazzyblockk | @cryptoquant_official
Bitcoin's recent price action resembles the 2018 bear market!
"Bitcoin's bullish outlook remains unchanged unless the price drops below the realized price level."
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by Greatest_Trader | @cryptoquant_official
Weekly #Bitcoin Highlights (2023.04.19)
Post-Shanghai Upgrade: On-chain Activity of Staked ETH Surges; Ethereum Outperforms Bitcoin
@cryptoquant_official
BTC Price and NUPL Daily Chart
"This allows for an assessment of whether investors are currently in a state of profit or loss."
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by AxelAdlerJr | @cryptoquant_official
"Old" BTC onwers timed local top well
"This corresponds with a drop off in Leverage ratio around same time..."
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by gigisulivan | @cryptoquant_official