Due to the growing FUDs upon Gate.io, the total reserve(USD) of $BTC, $ETH, and Stablecoins has dropped by $-123.7M(-14.1%) in 48hr.
The outflow is slowing down, and the total reserve is currently at $756.4M.
Gate.io Dashboard | @cryptoquant_official
Bitcoin Supply and Investor Sentiment in May 2023: Exchange Reserves Decline as Hodling Trend Strengthens
"Referring to the July 2019 transaction data, which also saw a decrease in deposit transactions during a BTC price increase, indicated that the market was waiting for a bullish momentum before the halving. "
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by CRYPTOHELL | @cryptoquant_official
Bitcoin Trading Volume Spot/Derivatives
"...we can say that another price growth up to the 30k level happened due to the impact of futures market movements."
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by Crazzyblockk | @cryptoquant_official
Bitcoin Mining Profitability Analysis: Trends and Forecasts for 2023
"This growth indicates a strengthening and stabilizing Bitcoin network."
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by AxelAdlerJr | @cryptoquant_official
Bitcoin miner to exchange flows in general downward trend
"Part of that may be miners increasingly conducting over-the-counter deals instead of selling on exchanges."
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by Jan Wuestenfeld | @cryptoquant_official
Weekly #Bitcoin Highlights (May 24, 2023)
Momentum Builds in Ethereum Staking as Bitcoin Holds at Historically Crucial Support Level
@cryptoquant_official
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Link | @cryptoquant_official
Short-Term Realized Price = 1m~3m UTXO Age Bands
"The realized price of UTXO Age Bands(1m~3m) has been an important support line."
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by Mignolet | @cryptoquant_official
Weekly #Bitcoin Highlights (May 17, 2023)
Decoding Bitcoin's Recent Correction: How Miners and Whales Cashing Out
@cryptoquant_official
The Implications of a 15+ BTC Inflow Mean. Will we see a correction?
"When multiple exchange inflows with a mean above 15 triggers, there is a strong possibility of a correction within the next few hours... We only have 1 alert at this time. "
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by Onchain Edge | @cryptoquant_official
The importance of the BTC acceptance phase process
"Usually, in long and heavy bear markets, like the 2014-2015 bear market and 2021, It will take time for confidence and fear to disappear from the market and for all holders to hope for another price growth."
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by Crazzyblockk | @cryptoquant_official
Can you provide a more concise explanation for the decline in Bitcoin's price from $30,000 to $26,600?
"This decline suggests that approximately 266,000 bitcoins, acquired between November and January, have been sold from the 1st of May until now."
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by onchained | @cryptoquant_official
Short-term SOPR metric identify when to buy BTC
"When Bitcoin is on an upward trend, it is a good time to collect coins when the short-term SOPR metric is below 1."
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by MAC_D | @cryptoquant_official
Bitcoin under siege from BRC-20 "junk" coins: record fees and thousands of unconfirmed transactions!
"Unlike conventional token standards, such as Ethereum's ERC-20, BRC-20 does not utilize smart contracts and operates only with wallets supporting the Bitcoin blockchain."
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by AxelAdlerJr | @cryptoquant_official
SOPR and Possible Price Correction: Analysis of Bitcoin Current Situation
"SOPR is a metric that calculates the proportion of outputs spent at a profit within a certain time frame. It indicates whether the coins being moved are being sold at a profit or not."
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by joaowedson | @cryptoquant_official
Weekly #Bitcoin Highlights (May 31, 2023)
Analyzing Bitcoin and Ethereum's On-Chain Data Amidst the U.S. Debt Ceiling Discussions
@cryptoquant_official
Large Investors Accumulating Bitcoin: What Does This Mean for the Price?
"Specifically, the number of Bitcoins held in the +10K BTC band increased from 1.74M BTC to 1.77M BTC"
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by onchained | @cryptoquant_official
Are Short-Term Holder Providing Fuel For A (Temporary) Bottom?
"As long as the MVRV STH remains above 1, this group (on average) remains in profit and will serve as support for the price."
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by maartunn | @cryptoquant_official
We have opened the French CryptoQuant translation channel.
For those who have difficulties with English, CryptoQuant is lowering the hurdles of data-driven investment decisions by offering translated insights in following channels.
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@cryptoquant_official
Exchange depositing transactions have been breaking historical lows since early May '23
"...we're sitting at levels not seen since mid-january 2017."
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by Tomáš Hančar | @cryptoquant_official
Some long-term holders will generate selling pressure
"In the small bull market of 2019, the SOPR 1.0 breakout resulted in an additional ~50% gain, but ultimately failed to extend the gains.."
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by crypto sunmoon | @cryptoquant_official
Unveiling Miner Outflows: Clues Point to Significant BTC Transfer to Binance.
"Miners' reserves are decreasing, indicating a selling pressure from the miners' side."
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by IT Tech | @cryptoquant_official
Why is Bitcoin stuck at the 28K level?
"On the chart, we notice a sharp drop after May 2, 2023, pointing to a mass liquidation of assets by this cohort of investors."
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by AxelAdlerJr | @cryptoquant_official
Short term holders are having their cost base tested now, will they hold?🔥
"Usually in bull markets, traders tend to defend this price range and few on-chain losses are incurred, when analyzing the weekly average of these movements."
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by caueconomy | @cryptoquant_official
3 Reasons Why BTC Rise Is Limited
"In conclusion, it is true that the price of BTC has the potential to rise further, but macro issues such as the recession in the second half of this year could cause asset price crashes."
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by MAC_D | @cryptoquant_official
Longs vs Shorts: Examining Liquidations in Bitcoin and Challenging Trader Beliefs.
"As seen in the example above, this is not always the case, as more long positions were liquidated."
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by IT Tech | @cryptoquant_official
Coordinated FAKE NEWS about US government selling Bitcoins leads to second-largest long liquidations in 2023
"Many accounts retweeted this news without any fact-checking, and as a result, we saw the second-largest long liquidations in 2023, with over $36M being liquidated within one hour."
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by IT Tech | @cryptoquant_official
Weekly #Bitcoin Highlights (May 10, 2023)
Bitcoin network use surged with BRC-20 tokens, causing transaction fees to soar.
@cryptoquant_official
Miner revenue from fees reach 2-year high 🔥
"This is a reflection of the increased use of the taproot update to insert NFTs and the BRC-20 token into the Bitcoin blockchain."
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by caueconomy | @cryptoquant_official
Significant activation of Bitcoin network
"The trend of ‘active addresses’ has just broken out of its historical range in April."
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by SignalQuant | @cryptoquant_official