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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
Analysis of Bitcoin's MVRV Ratio and Moving Averages: Insights into Bull and Bear Markets and the Importance of the 1.5 Threshold
"Currently, it seems that we are experiencing this trend, as Bitcoin's MVRV ratio fluctuates in the range of 1.5 values."
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by onchained | @cryptoquant_official
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
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
Excessive ETH transaction failures, Markets overheated
"When the number of transactions increases, the network overheats and competes to pay higher gas fees to complete transactions."
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by MAC_D | @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