Short-Term Holder SOPR indicates that the coins are once again realizing a profit
"It is absolutely clear that the rate at which the profitability of short-term coins (< 155d) is growing is far behind the growth of the Bitcoin price. If this contradiction persists shortly, it may create conditions for another rollback.."
― Link
by BaroVirtual | @cryptoquant_official
BTC: Approaching LTH’s Key Realized Price
"These are likely to be major support & resistance levels."
― Link
by Yonsei_dent | @cryptoquant_official
Is the liquidity crisis in the banking system the long-awaited buy signal?
"Pivot that shouldn't be far away, at least according to the implied policy rate seen at the beginning of the post."
― Link
by Christian Palusci | @cryptoquant_official
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
Use it as a point of purchase when adjusting BTC prices
"...the security and decentralization of the BTC will be seen as a valuable commodity for more people and institutions."
― Link
by MAC_D | @cryptoquant_official
Following a 21-month period, a breakout is now evident in the NUPL
"This is the first significant test for Bitcoin in proving its superiority as a store of value over traditional assets."
― Link
by Grizzly | @cryptoquant_official
Oscillator BTC Inflow/Outflow Ratio (1H): A tool for determining a bullish or bearish market.
"The Oscillator BTC Inflow/Outflow Ratio (1H) is a tool for analyzing short-term market sentiment..."
― Link
by AxelAdlerJr | @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