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Bitcoin’s demand is decreasing & supply has halved. What does this mean for the market?
Join our Liquid Lunch webinar on May 13, 6:30 PM ET. With expert speakers Jamie Coutts from Real Vision and CryptoQuant’s Garrett Paymon and Julio Moreno, we’ll dissect this.
Dive into market liquidity, institutional impacts & BTC demand. Don't miss out—spots are limited!
Register Now | @cryptoquant_official
Movements of large whales in the range of 1k to 10k
“Typically provide significant downward volatility to the market, have not been consistently participating in this current uptrend cycle. (Green box)” – Link
By Mignolet | @cryptoquant_official
Coinbase Premium Index and EMA14: A Guiding Light for Investors?
“We witness that when the CPI data remains above EMA14, Bitcoin price makes strong upward movements.” – Link
By burakkesmeci | @cryptoquant_official
Binance Starting to Ape In
“As Binance is one of the top exchanges with retail based customers, this normally signals that retails are starting to ape in to building long positions.” – Link
By BQYoutube | @cryptoquant_official
BTC - Possibility of a short-term rebound
“Generally, in a bull market, a short-term rebound often occurs when the short-term SOPR reaches the bottom of the Bollinger Band.” – Link
By Crypto Dan | @cryptoquant_official
Post Q1 2024, Bitcoin's valuation struggles below $60,000 with several indicators pointing to a downturn:
• Demand Slowdown: The number of permanent holders and whale activity are on the decline. Spot ETF interest has also faded.
• Miner Activity: Increased selling from miners, adding to supply pressures.
• Futures Market: A bearish outlook as sell orders dominate.
• Price Forecast: Short-term projections suggest a dip to $55K-$57K, below the usual bull market support level of $63K.
Current Sentiment:
• Buying enthusiasm is reduced, seen in negative Coinbase premiums and decreased futures leverage.
• Growth in whale demand has halved since late March, affecting potential rallies.
Immediate Outlook:
• With traders opening more short positions, an immediate test of lower support levels around $55K-$57K is likely, significantly under the $63K cost basis.
• This phase could lead to market stabilization or further declines.
See our research report for all the real-time data.
Weekly Crypto Report | @cryptoquant_official
BTC Futures Market Not Yet Signaling Capitulation
“Given the relatively small amount of long position liquidation and the lack of dramatic negative funding ratios, we believe that a 'capitulation' has not yet occurred in the futures market.” – Link
By MAC_D | @cryptoquant_official
We're excited to announce our partnership with @toncoin!
We've successfully integrated TON data into CryptoQuant.
This data provides deep, actionable insights into the TON network, enhancing your analytical capabilities.
Tap into these insights now.
Explore TON Data | @cryptoquant_official
Bitcoin's Importance: On-chain Cost Basis Support Levels
“The testing of these price levels, coupled with the mitigation of severe market risk, may present an opportunity for the participation of additional actors or investors.” – Link
By CrazzyBlockk | @cryptoquant_official
A Fresh Impulsive Move Is Impending For Bitcoin! Futures Market Sentiment Analysis
“Consequently, the market appears primed to embark on a renewed impulsive trend, marking an end to the prevailing phase of uncertainty and sideways consolidation.” – Link
By ShayanBTC | @cryptoquant_official
If Bitcoin is still in a bullish season, the STH-Realized Price is a very good buying opportunity
“The BTC STH-Realized Price is the average buy price of short-term market participants(~6M) and is the benchmark for identifying a Bitcoin bull market.” – Link
By crypto sunmoon | @cryptoquant_official
"You can make more money with AI than you can with mining"
Join us for our Liquid Lunch episode hosted by Garrett Paymon and Julio Moreno featuring Bob Burnett, Founder & CEO of Barefoot Mining.
We unpack effects of the Bitcoin halving on the mining industry and what it means for the market.
Dive into the discussion and get ahead.
Watch Now | @cryptoquant_official
Bitcoin Halving Impact Analysis on Miners
After the latest Bitcoin halving, block issuance dropped from 6.26 to 3.125 BTC, slashing daily issuance to just 450 BTC. This significant change initially caused miner revenues to spike to an impressive $100M, driven by peak transaction fees linked to RUNES protocol activities.
However, this surge was brief. As excitement around RUNES waned, fees normalized, pulling miner revenues down to around $50M. The normalization coincided with a drop in RUNES' floor price, indicating a decrease in market interest.
Despite a consistently high network hashrate of 617 EH/s, hashprice has seen a significant fall, putting financial stress on miners. The initial boost from increased fees post-halving has evaporated, establishing a new norm of reduced daily revenues.
For an in-depth analysis on Bitcoin mining, explore to our weekly report.
Weekly Report | @cryptoquant_official
Movement of trend holders from a quarterly perspective is starting to resurge
“Movement of this entity can be seen as data for volatility confirmation rather than for price increases or decreases. It appears that volatility is likely to emerge soon.” – Link
By Mignolet | @cryptoquant_official
The Bitcoin Halving occurs just once every four years, and to celebrate, we're launching our biggest discount event ever!
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Implications of High Profit Levels and Sentiment Thresholds
“We are approaching the 'grey line', which serves as the optimism/pessimism threshold for the crypto market.” – Link
By Kripto Mevsimi | @cryptoquant_official
Longest Miner Consolidation/Accumulation Period since $16k Bitcoin
“With ETF flows rising, and odds increasing of a rate cut in Q4, miners are likely accumulating in anticipation of higher prices to sell into.” – Link
By Papi | @cryptoquant_official
Bitcoin Market Dynamics
“The price action market breakout is yet to come, but Coinbase premium index has made a market breakout.” – Link
By TraderOasis | @cryptoquant_official
Time is ticking on our Bitcoin Halving Special–only a few spots left. Last chance to save up to 50%!
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Deciphering Whales: The Impact of Exchange Whale Ratio
“In the case of Bitcoin, 96% of the influx on exchanges is attributed to whales (Top 10 Inflow), while for Ethereum, this number is only 11.45%.” – Link
By joaowedson | @cryptoquant_official
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Bitcoin prices are currently hovering around $60K, marking a two-month low. This comes as demand continues to slow following record-high growth in Q1 2024.
Demand Insights:
Monthly growth from permanent holders (pink area) has seen a significant decrease, dropping 50% from over 200K Bitcoin in late March to just 96K Bitcoin now.
Looking Ahead:
For prices to find a floor and potentially rally, accelerating demand growth is essential
View Real-Time Dashboard | @cryptoquant_official
Short-term holders are moving at a loss
“Investors who have been costing higher over the last 6 months are at a loss and are likely to panic sell below the SOPR, indicating that the market is close to a local bottom.” – Link
By tugbachain | @cryptoquant_official
The miners sent a large amount of Bitcoin to spot exchanges
“Observing high volumes of Bitcoin coming from miners to spot exchanges often creates a sense of imbalance in the market.” – Link
By theKriptolik | @cryptoquant_official
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Detecting Selling Pressure in Bitcoin with CDD Data and Its Impact on Prices
“Without breaking this pressure, new uptrends won't emerge. The last high CDD data in the spot markets was on April 24th.” – Link
By theKriptolik | @cryptoquant_official
Bitcoin: Surge in Whale Exchange Inflow
“This uptick potentially signifies significant profit-taking by whales amidst the 2024 Bitcoin bull run.” – Link
By Phi Deltalytics | @cryptoquant_official
Unrealized Whales' Profits
“Highlights a significant rise in long-term whales's unrealized profits, suggesting they're holding onto their positions and could impact the market if they start taking profits.” – Link
By Woominkyu | @cryptoquant_official
Understanding the Impact: Bitcoin Halving and Puell Multiple Dynamics
“With a reduced daily average supply, there may be potentially less selling pressure from miners, which could have implications for prices and network activity.” – Link
By joaowedson | @cryptoquant_official
We go live today with Bob Burnett of Barefoot Mining!
Bob will be sharing his insights on pioneering sustainable and off-grid mining solutions.
What you’ll learn:
• Technical advancements in Bitcoin mining.
• Environmental and economic impacts post-halving.
• Sustainable mining practices.
• How miners are adapting to decreased rewards.
Join us today at 11am ET – Limited availability.
Register Now | @cryptoquant_official