📢 Bitcoin 2024 Closing Price Guessing Event 📢
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Drop your 2024 Bitcoin closing price prediction in the comments on CryptoQuant CEO Ki Young Ju’s X account (formerly Twitter)!
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1️⃣ Leave your BTC price guess in the comments.
2️⃣ Only paid CryptoQuant users can participate, so make sure you’re subscribed!
3️⃣ The closest guess wins 0.1 BTC, based on the Binance BTC-USDT closing price on Dec 31, 2024.
Don’t miss out! You have one week to join.
Join Here | @cryptoquant_official
670% Increase in 6 Months: USDT on the TON Network Surpasses $1 Billion!
“In May 2024, the TON blockchain held only $130 million worth of USDT, but over six months, this amount surged by 670% to reach $1.02 billion.” – Read More
By burakkesmeci | @cryptoquant_official
Strong buying momentum has emerged from Binance futures whales
“Recently, the strongest buying pressure since last September has appeared in Binance futures market… The same pattern is emerging not only in Bitcoin but also in Ethereum.” – Read More
By Mignolet | @cryptoquant_official
Bitcoin bull market begins with leveraged bets
“The bull market will continue as bitcoin continues to be deposited into futures exchanges for leveraged bets using derivatives, rather than into spot exchanges for selling.” – Read More
By crypto sunmoon | @cryptoquant_official
BTC Short-term holder SOPR suggests upside
“Currently, despite Bitcoin reaching $70k, the value of this indicator is 1.017%, indicating that short-term holders are realizing some profits and are not yet overheating.” – Read More
By MAC_D | @cryptoquant_official
Miners Are Betting on a Bitcoin Price Rise
“Looking at the MPI (Miner Position Index), miners are still holding Bitcoin in their wallets, with no significant movements toward exchanges for selling. Historically, when the MPI rebounded from a low, Bitcoin’s price tended to experience significant increases.” – Read More
By Avocado_onchain | @cryptoquant_official
Bitcoin: Exchange Whale Ratio shows the highest value since Nov 2022
“On-chain data shows the highest Exchange Whale Ratio of Bitcoin since November 2022. The ratio shows the top 10 inflows to the total inflows of the exchange. It can indicate an increase in selling pressure at this price by whales.” – Read More
By CryptoOnchain | @cryptoquant_official
New Investors Hold the Key to Bitcoin’s Next Major Breakout
“Referring to past cycles, when the decrease in UTXOs under six months stopped and showed a sharp increase, Bitcoin’s price experienced a significant surge.” – Read More
By Avocado_onchain | @cryptoquant_official
Ethereum fell 2% in the last 24 hours!
The Coinbase Premium Index dropped below the SMA14, signaling increased US selling pressure.
Our analyst’s preset alert was triggered—don’t miss out on the action! Stay informed with our real-time alerts 👇
Set Alert Now | @cryptoquant_official
Retail on-chain activity returns after 4 months
“In the last 30 days, retail demand grew by about 13%, highlighting a scenario that was only seen in March, when we were close to the last historical high.” – Read More
By caueconomy | @cryptoquant_official
Bitcoin’s price rallies have historically followed strong demand growth.
In 2020 - 2021 and 2024, apparent demand peaked at 490K-550K BTC, pushing prices to new highs. Right now, demand is at 182K BTC.
Will it push Bitcoin to new records again? Explore our dashboard for more.
@cryptoquant_official
Relationship between Bitcoin ETF netflow (in USD) and Bitcoin's price
“The highlighted red rectangles show regions where significant netflows correspond to significant changes in Bitcoin's price.
Positive netflows above 400M USD in Bitcoin ETFs do not always lead to sustained price increases and, in many cases, have historically coincided with price corrections.” – Link
By Amr Taha | @cryptoquant_official
In the last two trading days, over $600 million worth of Bitcoin has been added to the Spot BTC ETF holdings.
The total Assets Under Management (AUM), including Grayscale, now stands at ~$60.0 billion.
Explore our dashboard for more.
@cryptoquant_official
There has been a spike in Bitcoin demand, growing at the fastest monthly pace since April 2024.
Live Dashboard | @cryptoquant_official
Larger stablecoin balances on exchanges often lead to higher Bitcoin prices.
Since January, USDT (ERC20) balances on exchanges have surged 146%, from $9.2B to $22.7B, even while Bitcoin’s price remained flat.
Explore our dashboard for more.
@cryptoquant_official
BTC Mining Difficulty and Hashrate Hit All-Time Highs Amid Growing Competition
“Without sufficient transaction fees to support these costs, the burden on miners could grow significantly, potentially impacting the sustainability of the mining ecosystem.” – Read More
By Yonsei_dent | @cryptoquant_official
Two Years After FTX - The State of Exchange Proof of Reserves
“Additionally, out of the major exchanges, Binance has seen the lowest reserve drawdowns over time, which has never hit more than 16%.
Since the collapse of the FTX exchange in November of 2022 only Bitfinex and Binance have seen their Bitcoin reserves grow out of the major exchanges.” – Explore our dashboard for more.
By CQ Research | @cryptoquant_official
MicroStrategy announces $21 billion equity offering to acquire Bitcoin
“With this new announcement, they plan to double their previous investment, bringing their total investment to approximately $30 billion once completed. – Read More
By maartunn | @cryptoquant_official
TON Price Heat Map Analysis: Strong Opportunity at Critical Support Level
“Historical data shows that TON's price has only fallen below the one-year moving average (orange trend) during bear markets. Considering that we are currently in a bull cycle, this support level appears to offer a favorable risk/reward profile for long-term investments.” – Read More
By burakkesmeci | @cryptoquant_official
TON Holder Count Will Overtake ETH Holder Count Before EOY
“Currently, ETH has 137 million holders, while TON has reached 112 million. Over the past month, TON has gained an average of 500,000 new followers per day. If this trend continues, it may exceed the number of Ethereum holders by the end of the year.” – Read More
By maartunn | @cryptoquant_official
Retail Bitcoin transfer activity is still at low levels. On September 21st, daily transfers by retail investors reached $326 million—the lowest since at least 2020.
Historically, low retail activity often comes before Bitcoin price rallies.
Explore our dashboard for more retail insights.
@cryptoquant_official
Whales' holdings are at an all-time high
“Whales currently hold around 670,000 BTC, which is the highest value ever. Undoubtedly, this is an optimistic long-term sign.” – Read More
By BaroVirtual | @cryptoquant_official
Bitcoin Network Fundamentals Turn Positive
“Bitcoin's network fundamentals are exhibiting patterns similar to those observed during previous bullish periods. Even if a correction or consolidation phase occurs in the near future, there is a strong likelihood of a positive trend emerging.” – Read More
By MAC_D | @cryptoquant_official
Ethereum Faces Short-Squeeze Risk: Rising Leverage and Key Resistance at $2.7K
“With leverage at concerning levels, the futures market is now considered overheated. This leaves Ethereum vulnerable to a potential short-squeeze event.” – Read More
By ShayanBTC | @cryptoquant_official
NUPL Analysis: Indications of Market Sentiment and Potential Uptrend
“The fact that the technical aspects of the price and NUPL are correlated and NUPL remains above 0.50 may reflect that we are evolving into an uptrend.” – Read More
By tugbachain | @cryptoquant_official
Whales are ready
“When looking at the whale ratio on spot exchanges represented by a 30-day moving average, the current whale ratio shows a similar pattern to what we observed after the COVID crash in 2020.” – Link
By Woominkyu | @cryptoquant_official
USDT on TON increasing in popularity
“USDT Tether has become the most popular Jetton over the past 30 days, with 4,542,418 transactions during this period. Additionally, around a month ago, USDT transactions on TON exceeded $300 million.” – Link
By maartunn | @cryptoquant_official
Bitcoin Open Interest Reaches New All-Time High of $19.8 Billion
“This upward trend in the derivatives market indicates a growing influx of liquidity and increased attention in the cryptocurrency space.” – Link
By EgyHash | @cryptoquant_official
TON is back in Low Risk Area
“The Sharpe Ratio Risk Indicator for TON has entered a Low Risk area for the first time in 12 months. It has been a volatile year for TON, with its price climbing from $2 to $8 over the past year” – Link
By maartunn | @cryptoquant_official
Long liquidations USD (aggr) hit $290,000,000 during the recent drop
“Bitcoin's price has declined significantly. In just 12 days, it fell from $66,500 to $58,900, a drop of 11%. This price drop is accompanied by a massive wave of long liquidations.
The long liquidations are as follows:
- Drop on October 1st: $239m
- Drop from October 9th to 10th: $290m
This marks the largest total amount of long liquidations since June 2022, a span of 28 months.” – Link
By maartunn | @cryptoquant_official