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Bitcoin spot trading volume drops to 6-year low🚨
"People are more interested in holding their coins, believing in their future value, than selling at the first sign of profit."
― Link
by caueconomy | @cryptoquant_official
Bitcoin market liquidity decrease
"The trading volume of Bitcoin in the spot and futures markets is one of the most critical components for ensuring liquidity to support price growth."
― Link
by Crazzyblockk | @cryptoquant_official
$1INCH and $DYDX Dashboard Updates
While there's a lot of chatter on social media ahead of a token unlock, it's important to remember that many factors affect token prices beyond token locks.
Monitor the following on-chain data in CryptoQuant and manage your risks
1. Foundation Wallet Address
2. Tokens Transfer Volume
3. Exchange Depositing Transactions
3. Exchange Reserve
Methodology
Check the balance changes in vesting wallets, and the following selling pressures to understand the market impact.
Use a combination of price and on-chain data to make an informed decision about your investment.
Dashboard | @cryptoquant_official
BTC: A Look into Recent Activity and Risks
Whales are accumulating
1. 1-10K sized #Bitcoin accounts of 66% of the volume to exchange inflows
2. The increase in Coinbase Premium Index shows the accumulation in the Spot exchange
Futures Market Sentiment
1. +$1B in Open Interest and the positive funding rates indicate the predominance of long traders and an optimistic sentiment
2. The increased estimated leverage creates a structure conducive to a long squeeze in the event of a sharp price drop.
― Link to the full article
by Gustavo Faria | @cryptoquant_official
Market Secrets: How LTHs Sell Coins to STHs and then Buy them Back?
1. Since the start of the year, the realized capitalization (the blue line) of STHs has risen from $79B to $114B, thus the change amounted to $35B(1.3M BTC).
2. BTC: STH LTH Net Position Realized Cap chart shows how the LTH cohort sold to STHs, and the April distribution remained steady for 6 days at a level of $10B. In other words, the LTH cohort actively sold at the 28.2K level, while the STH cohort was actively buying.
3. The STH cohort is at a loss and is capitulating, selling coins previously acquired from the LTH cohort, which LTHs are eagerly buying back at the moment.
Dashboard Link
by AxelAdlerJr | @cryptoquant_official
BTC stuck between short-term holders and long-term holders!
"We should know that STH realized price, which was a resistance level for its price throughout 2022, turned into a support level in early 2023, and recently turned into a resistance level again."
― Link
by SignalQuant | @cryptoquant_official
MVRV at a critical support line!
"MVRV is one of the most effective indicators that can identify long-term highs and lows in Bitcoin price."
― Link
by SignalQuant | @cryptoquant_official
Despite the rally, BTC Velocity is rapidly declining
"BTC Velocity is a kind of turnover rate that indicates how well BTC is circulating in the market. Velocity is currently at its lowest level since August 2020 and is still on a decline."
― Link
by Yonsei_dent | @cryptoquant_official
The recent BTC rally was driven by Derivatives Exchanges, not Spot Exchanges
"There is a tendency for prices to change significantly even with small trading volumes because the overall liquidity in the cryptocurrency market has decreased."
― Link
by MAC_D | @cryptoquant_official
Weekly Fud Buster Dashboard Updates
What has changed in Bitcoin in the past 1 year?
1. Centralized Exchanges
- The bitcoin reserves on non-US exchanges have increased by more than 10%.
- The bitcoin reserves of US-based exchanges have declined by at least 30% and up to 50% or more.
2. Institutions' Accumulation
- Considering the amount withdrawn and the deposit and withdrawal records of the wallets, institutions are continuously buying Bitcoin.
- For example, In August alone, more than 20K $BTC, accounting for roughly 25%, were withdrawn from Gemini.
- 27.7K BTC were withdrawn from Gemini's wallet address: 3Fup
- These Bitcoin were transferred to wallets like 1QB, 1Et, and 35g.
3. Futures Market
- Market participants have significantly increased their exposure to derivative products, with Bitcoin Open Interest also recording the highest ATH since November 2022.
To monitor the real-time bitcoin data updates of the mentioned data, follow our live dashboard.
Live Dashboard | @cryptoquant_official
BTC and ETH prices have fallen, but network security and reliability have increased
"The fact that the price has fallen despite the increase in the intrinsic value of the two assets means that they are undervalued..."
― Link
by MAC_D | @cryptoquant_official
Biggest wipe out of Open Interest hourly resolution in 1.5 years
"Over $2.5B of Open Interest has been wiped out, equivalent to 25% of the total Open Interest. "
― Link
by maartunn | @cryptoquant_official
Short-Term Holders Realized Price (STH RP): A Deeper Look
"The drop from 29,500 to 28,300 in BTC's price is a significant movement that brought the price closer to the realized price of short-term holders, considered a macro support level."
― Link
by onchained | @cryptoquant_official
The possibility that major institutional investors have completed their BTC accumulation
"..if 'Token Transferred' and 'Velocity speed' increase along with price increases in the future, this is likely a precursor to an upward rally."
― Link
by MAC_D | @cryptoquant_official
Why 100k price of Bitcoin is far away from minds?
"This incident shows that the price performance has not been suitable for transferring wealth to new investors and increasing the value of their pockets."
― Link
by Crazzyblockk | @cryptoquant_official
Is There a possible Short Squeeze Event on the Horizon for Ethereum?
"Consistent negative funding rates can potentially trigger a cascade of short liquidations, which in turn could lead to a sudden price rebound."
― Link
by Greatest_Trader | @cryptoquant_official
Mt. Gox delays bitcoin refunds for another year (again)🚨
"Mt. Gox's holdings currently hold approximately 138K Bitcoin (BTC), valued at approximately $3.7B at current prices, along with a similar amount of Bitcoin Cash (BCH) valued at $29M, and 69B Japanese yen. ($46.5 million)."
― Link
by caueconomy | @cryptoquant_official
Last 30days : so many long squeeze & very few short squeeze
"The past 30 days have been the largest and most frequent period of long squeezes this year, while also being the smallest and least frequent period of short squeezes."
― Link
by SignalQuant | @cryptoquant_official
Are the Ethereum Bull Taking Control of the Market?
"Should this metric continue its upward trajectory and venture into positive territory, it could herald the onset of a new phase characterized by bullish price action."
― Link
by Greatest_Trader | @cryptoquant_official
BTC: Quick mid-term Price Cycle Update
1. According to the MVRV Ratio, there is a strong potential for price growth in the long term.
2. Despite the bullish big picture in the long term, the situation of short-term holders seems not interesting. When they are at a heavy disadvantage due to their sensitive nature to bitcoin price actions, The result will be a decrease in their confidence and hope in the market trend.
3. If we look at the average realized price of short term holders or the amount of money they have paid for each bitcoin, the price levels of 27.5k-29k is the break-even area of these holders' pockets.
4. The more time we spend below these price levels, the more incentive there will be to exit liquidity from the market, and the basis condition for the return of the upward trend of Bitcoin depends on the price jump above the short-term realized prices.
MVRV Ratio Chart
Realized Price Chart
by Crazzyblockk | @cryptoquant_official
Understanding the composition of Bitcoin's supply is paramount.
"It suggests that more participants are embracing a long-term perspective, one that values Bitcoin not just as a speculative asset but as a resilient store of value and a strategic piece in their investment portfolio."
― Link
by onchained | @cryptoquant_official
Short-Term Bitcoin Holder Profitability and STH-SOPR Dynamics: Insights from Recent Price Corrections
"A declining STH-SOPR during a price correction suggests that many short-term holders may panic-sell their Bitcoins, contributing to the overall drop in prices."
― Link
by onchained | @cryptoquant_official
Fund volume reaches the highest of this year.
"The FOMO situation will continue when everything is clear, so an accumulation plan during the dull period is extremely important"
― Link
by BinhDang | @cryptoquant_official
Supply in Profit (%) one of the best on-chain indicators for long term investors
"It never failed to flag best times to Buy BTC in the past..."
― Link
by gigisulivan | @cryptoquant_official
Fund Flow Ratio and Whale Ratio
"This is a recommended indicator because it shows where to monitor (exchanges or OTC), as the characteristics change significantly from year to year."
― Link
by Crypto_Lion | @cryptoquant_official
#BTC Can this number possibly show a peak sign of disbelief?
"The latest week's Net Taker volume was more remarkable than all the bloodiest stages, including Exchange or Bank run events that appeared during 2022."
― Link
by BinhDang | @cryptoquant_official
Bitcoin market price($26.4K) dropped by -6.7% in the past 24 hours
Some indicators that were signaling a price decline was in the cards.
- Bitcoin Open interest was showing the build up of short positions since at least mid July (open interest growing while price declined).
- The sell off was preceded by a period of low bitcoin demand in the US (negative Coinbase premium).
- From the On-chain perspective, we can see an increase in whale spending activity before and during the sell-off.
Sentiment remains negative as we can see in negative funding rates that traders are willing to go short currently.
Live Dashboard | @cryptoquant_official
Ethereum's Realized vs. Market Price: A Tale of Resilience and Opportunity
"Whenever the market price drops below the realized price, it swiftly bounces back, suggesting the market sees Ethereum as undervalued during those moments."
― Link
by Woominkyu | @cryptoquant_official
What Are The Miners doing + BTC On-Chain Overview
"You’d be surprised to see they are generally pretty good swing traders."
― Link
by Professor Satoshi | @cryptoquant_official
Weekly Fud Buster Dashboard Updates
On-Chain validation on Tether and Whales Reshuffling
1. Tether
- Tether revealed that it holds approximately $1.6 billion worth of Bitcoin, making it 11th in terms of holdings.
- The "so-called Tether Bitcoin holding wallet on Twitter" doesn't match Tether's quarterly reports. While there were no bitcoin holdings in last year's Q4 report, the same wallet has been accumulating bitcoin.
2. Whales
- There's a tendency to perceive a group of entities holding 1K+ Bitcoins as whales.
- There's a blind spot, and you can miss individual characteristics. For example, there's a possibility of missing the labels of exchanges' wallets when they are just internal wallets.
- From May to July, 1K to 10K and 10K to Bitcoin moved hugely. There was also a significant spike in exchange withdrawals. However, it appears to be the movement of wallets within the Robinhood. The Bc1 wallet received 118,300 BTC coins over about three months.
Live Dashboard | @cryptoquant_official