Bitcoin hit a peak not seen since Nov 2021, soaring to $63K! 📈
The surge is fueled by a spike in US investor demand, with the Coinbase Premium Index (green line) reaching its highest at 0.13% since mid-February.
The 2024 Bitcoin Halving 🔔
The upcoming Bitcoin halving represents a momentous event for the crypto community, potentially altering market dynamics and investment strategies. In our next Liquid Lunch webinar, we'll dive into what this means for the broader crypto ecosystem.
🎙️ Joining us are Matthew Sigel from VanEck alongside CryptoQuant's Garrett Paymon & Julio Moreno, who will share their expert perspectives.
Secure your spot today.
Date: February 28th, 10 AM ET
Register Now | @cryptoquant_official
New Market Participants are Missing… For Now
“One of the most important things that defines a sustainable bull market is the arrival of new investors, which for now we might conclude that we are still in the growing early stages.” – Link
By SimonaD | @cryptoquant_official
Open Interest Variation Nears Extreme Greed Region
“The formation of a new peak of euphoria may be taking place and this brings future opportunities that can be taken advantage of.” – Link
By G a a h | @cryptoquant_official
BTC Breaks 2-3 Year Long Term Holder Resistance Price, Upside Likely
“$BTC price has rallied significantly, rising to $55K, the only price that may act as resistance going forward is the last cycle high of $68K.” – Link
By MAC_D | @cryptoquant_official
Demand in the Asian Market on the Rise
“Notable weakening of BTC demand in the US market, whereas the Korea Premium Index reveals a substantial surge in demand for Bitcoin in the Asian market.” – Link
By IT Tech | @cryptoquant_official
An Over 800,000 $ETH Reduction
“Exchanges have seen a net outflow of over 800,000 Ether, worth about $2.4 billion. It cannot be stated enough that this reduction in the Ether exchange reserve balance is extremely remarkable and, not least, bullish for Ethereum.” – Link
By MadsEberhardt_Steno | @cryptoquant_official
Traces of Change of Hands From LTH to STH by Exchange Inflow SOAB
“This cohort, having accumulated BTC during the recovery period of 2023 within the $20k~$32k range, appears to be moving towards realizing its profits.” – Link
By Yonsei_dent | @cryptoquant_official
Whales are Entering the Cryptocurrency Market
“In bull markets, after a significant influx of institutional investors, new individual investors enter the market, marking the end of the bull run.” – Link
By Crypto Dan | @cryptoquant_official
Bitcoin ETFs: A New Chapter for Crypto, with Valkyrie CEO
Despite some early challenges, Bitcoin ETFs have seen remarkable inflows, signaling a new era for cryptocurrency investment. Join Valkyrie CEO Leah Wald in our latest video as she explores this milestone.
Watch now | @cryptoquant_official
Unlocking Market Movements: How the Long vs Short Squeeze Indicator Forecasts Price Dynamics
“This tool can be incredibly useful for traders looking to anticipate movements and adjust their strategies accordingly.” – Link
By joaowedson | @cryptoquant_official
Will Ethereum Reach an ATH in 2024?
“Notably, the chart reveals a significant surge in open interest, coinciding with Ethereum's upward price trend, reaching its peak levels since July 2022.” – Link
By Greatest_Trader | @cryptoquant_official
BTC STH-MVRV Bearish Divergence
“BTC bearish divergence is complete, with Bitcoin short-term holders' unrealised profits falling but the price of Bitcoin rising... Watch out for a Bitcoin price drop.” – Link
By crypto sunmoon | @cryptoquant_official
The Newborn Spot ETFs Continue to Attract Record Inflows
“During the latest trading session, the new Bitcoin ETFs saw inflows of $340 million, despite outflows from the Grayscale Bitcoin Trust and Invesco Galaxy of around $160 million.” – Link
By Cristian Palusci | @cryptoquant_official
There is no Overheating Yet
“Bitcoin ETF funds are driving the price higher. Particularly, Fidelity is directly participating in the market.” – Link
By Mignolet | @cryptoquant_official
Funding Rates Reach Excessively Bullish Market Levels
“At this moment, funding rates are at the same levels as other overheated markets and may experience increased volatility in the short term.” – Link
By caueconomy | @cryptoquant_official
We're going live in one hour! Limited availability left, join now to be part of the Bitcoin Halving discussion.
Читать полностью…BTC's Supply in Profit Ratio is Very High!
“The current ratio is the same as the ratio recorded at the peak of the echo bubble in 2019, the beginning of the bull market in 2020(Blue circles).” – Link
By SignalQuant | @cryptoquant_official
The 2024 Bitcoin Halving 🔔
The upcoming Bitcoin halving represents a momentous event for the crypto community, potentially altering market dynamics and investment strategies. In our next Liquid Lunch webinar, we'll dive into what this means for the broader crypto ecosystem.
🎙️ Joining us are Matthew Sigel from VanEck alongside CryptoQuant's Garrett Paymon & Julio Moreno, who will share their expert perspectives.
Secure your spot today.
Date: February 28th, 10 AM ET
Register Now | @cryptoquant_official
When Will the Bull Rally Begin?
“If BTC continues to follow historical trends, we could expect a further increase in price and the share of profitable supply to a level greater than 96%, after which investors could take profits and the price would correct before the start of the bull rally in 2024.
I think we can assume that soon, the price will rise to the level of 55-60K or even form a new ATH, after which, the market will go into a correction, at the end of which a bull rally will begin.” – Link
By AxelAdler Jr | @cryptoquant_official
Possibility of Bitcoin Price Correction in the Coming Weeks
“Bitcoin is in the area below the resistance in the technical chart. It looks like Bitcoin may drop to the $48,000 area.” – Link
By CryptoOnchain | @cryptoquant_official
The 2024 Bitcoin Halving 🔔
The upcoming Bitcoin halving represents a momentous event for the crypto community, potentially altering market dynamics and investment strategies. In our next Liquid Lunch webinar, we'll dive into what this means for the broader crypto ecosystem.
🎙️ Joining us are Matthew Sigel from VanEck alongside CryptoQuant's Garrett Paymon & Julio Moreno, who will share their expert perspectives.
Secure your spot today.
Date: February 28th, 10 AM ET
Register Now | @cryptoquant_official
📈 Bitcoin Holdings Update
Large Bitcoin entities' holdings have reached a new peak since July 2022!
The count has risen from 3.694 million BTC in December '22 to 3.964 million BTC, indicating a surge in Bitcoin investment demand.
This growth among holders of 1K to 10K Bitcoin often correlates with higher market prices.
🔽 Explore our dashboard.
Bitcoin Holding Behavior | @cryptoquant_official
BTC Coinbase Premium Index Positive, Korea Premium Index at 3.53%
“Lack of overheating in the Korea Premium Index suggests that $BTC is poised for sideways movement or further upside” – Link
By MAC_D | @cryptoquant_official
Will Ethereum Reach an ATH in 2024?
“Notably, the chart reveals a significant surge in open interest, coinciding with Ethereum's upward price trend, reaching its peak levels since July 2022.” – Link
By Greatest_Trader | @cryptoquant_official
Whales Withdraw Almost $1 Billion in Bitcoin From Coinbase
“This substantial withdrawal of Bitcoin from Coinbase resulted in the funds being distributed across several new wallets, with values ranging between $45 million and $171 million.” – Link
By caueconomy | @cryptoquant_official
A Clear Increase in Block Size, Evidence of Active Transactions
“What is clear is that in a situation where the mining difficulty is rising, an increase in Block Size could potentially add pressure on miners to sell.” – Link
By Yonsei_dent | @cryptoquant_official
BTC's Open Interest is Currently Very High
“Open interest has only been higher than the current level twice before, once in '21 and once in '22.” – Link
By SignalQuant | @cryptoquant_official
BTC has two Paths. Both Lead to $150k
“I spent over 100 hours diving through onchain data to find out. Here's what I found…” – Link
By Onchain Edge | @cryptoquant_official
Interpreting Market Dynamics through Deribit Open Interest and Funding Rates
“Historical analyses have shown that increases in Open Interest, coupled with funding rate changes, typically lead to upward movements.” – Link
By datascope | @cryptoquant_official