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Binance OI Finally Getting Fluhshed
“As Binance has one of the lowest whale ratio among CEX, the flush in Binance OI is signalling that the retail investors are starting to abandon their longs.” – Link
By BQYouTube | @cryptoquant_official
Pump Incoming? Highest USDC Inflow ever
“This sizable deposit signals potentially significant buying pressure, as these stablecoins can be utilized to purchase bitcoin.” – Link
By maartunn | @cryptoquant_official
2024 sees Bitcoin demand surge from 40K to 213K monthly, driven by ETF buys and whale activity, while supply tightens to 2.7 million. This crunch points to rising prices but also hints at a volatile market ahead.
• ETFs & Whales Boost Demand: ETF holdings rise, whales accumulate, stressing the supply further.
• Supply at a Low: Visible Bitcoin at its lowest, highlighting a severe liquidity squeeze.
• Grayscale's Role: With significant redemptions, Grayscale's holdings impact sell-side liquidity, marking a critical low since February 2018.
In this liquidity crunch, expect potential short-term price spikes but prepare for the volatility.
View our weekly report for all the insights.
Weekly Report | @cryptoquant_official
Robust Accumulation by Bitcoin Short-term Holders
“Based on this metric, now 50% of the realized Bitcoin cap belongs to short-term holders, who tend to hold onto their Bitcoins for longer periods.” – Link
By Crazzyblockk | @cryptoquant_official
Mass Stablecoin Withdrawals on Kucoin Exchange
“The exchange's reserves, in stablecoins, have decreased by more than US$100 million in the last 3 hours.” – Link
By caueconomy | @cryptoquant_official
Returning to Positive
“The Coinbase Premium Index is now at a premium once again, indicating that U.S. retail and institutions are buying once more. In yesterday's trading session, the Bitcoin spot ETFs broke a five-day streak of outflows by seeing a net inflow of about $15.7 million.” – Link
By MadsEberhardt_Steno | @cryptoquant_official
Long-Term Investor Behaviour
“As we can see in the chart, the Bitcoin long-term holder SOPR (EMA 144) had more spikes since the beginning of March, which means that investors took some profits on the way as the price reached new highs.” – Link
By SimonaD | @cryptoquant_official
March has Seen $913M in Net ETH Transfers to CEXs
“Despite March not yet drawing to a close, it's already set a new benchmark as the month with the most significant netflow movement of Ethereum to Centralized Exchanges since June 2022.” – Link
By OnChainSchool | @cryptoquant_official
Concern that Bitcoin from Long-Term Holders will be Deposited into Exchanges
“Situation this week shows that BlackRock's net inflows of Bitcoin are consistently hitting record lows. If this is just temporary, then there may not be any issues. However, if it persists, there is a possibility that long-term holders may start depositing Bitcoin into exchanges in the same way as before.” – Link
By Mignolet | @cryptoquant_official
Join us today on X Spaces! As we dive into the ETF boom and the Bitcoin Halving.
With CryptoQuant’s Head of Research, Julio Moreno, Bizantine Capital's March Zheng and CoinDesk's Sam Reynolds on today at 11 a.m. ET to dive deep into what to expect from the markets.
Set a Reminder | @cryptoquant_official
The countdown is on to the Bitcoin halving.
Join our Head of Research, Julio Moreno, Bizantine Capital's March Zheng and CoinDesk's Sam Reynolds on Thursday at 11 a.m. ET to dive deep into what to expect from the markets.
Set a Reminder | @cryptoquant_official
After Selloff: Next Steps for Traders & Review of Popular On-Chain Data
“Is the bull market over? There is no major indication the bull market is over. Historically, Bitcoin cycles never stopped at previous all-time highs.” – Link
By Papi | @cryptoquant_official
Another Sign of Bull Phase Ending
“I think we will see that correction clearly starting before the end of March if not already started this week.” – Link
By gigisulivan | @cryptoquant_official
BTC - short term investors took large profits
"In relation to this adjustment, if we look at the SOPR, there was a big movement related to profit realization by short-term holders who held BTC less than 5 months."
– Link
By Crypto Dan | @cryptoquant_official
Ethereum's Dencun upgrade has recently gone live, and we're exploring the opportunities and risks.
The total supply of ETH is decreasing due to high network activity and the burning of transaction fees. At the same time, staking figures are on the rise, with 31.7 million ETH now staked, showing increasing confidence in Ethereum's future.
Ethereum's network is experiencing a surge in activity, with record-high daily transactions and ETH transfers, underlining its vibrant ecosystem.
However, the current high MVRV Ratio suggests that ETH might be overvalued, which calls for a cautiously optimistic approach.
Despite these challenges, the Dencun upgrade reinforces Ethereum's strong fundamentals. Yet, the market's recent preference for SOL over ETH signals that we might see some adjustments ahead.
Weekly Crypto Report | @cryptoquant_official
The Second Biggest Bitcoin Outflow From Coinbase in A Week
“In a week there were 2 different two huges outflows. The first one is about 16.8K and the second one 17K.” – Link
By burakkesmeci | @cryptoquant_officia
Explore Bitcoin's next-level features with Dan Held!
Learn about how Layer 2 is changing the game for Bitcoin, making it faster and ready for the future. This is your chance to level up your knowledge on Layer 2s in our interactive webinar. Join us!
🗓 Date: March 28th
🕛 Time: 12pm ET
Register Now | @cryptoquant_official
Exchange Stablecoins Ratio at the lowest level since March 2023
“This issue shows the possibility of break-up of the swing range at the same time as halving.” – Link
By OnChained | @cryptoquant_official
Explore Bitcoin's next-level features with Dan Held!
Learn about how Layer 2 is changing the game for Bitcoin, making it faster and ready for the future. This is your chance to level up your knowledge on Layer 2s in our interactive webinar. Join us!
🗓 Date: March 28th
🕛 Time: 12pm ET
Register Now | @cryptoquant_official
Bitcoin's demand is soaring, while sell-side liquidity dips, pushing liquid inventory to unprecedented lows.
It's estimated that Bitcoin's current sell-side liquidity inventory will only meet current demand growth for the next 12 months, considering only accumulating addresses.
Bitcoin Demand & Sell-side Liquidity Dashboard | @cryptoquant_official
Binance Flushed, Bitmex Holding
“Believe that it signals that high leveraged traders are all flushed and we have a better chance of going higher.” – Link
By BQYoutube | @cryptoquant_official
BTC Movement over the Past 6 Months as Seen through CDD Indicators
“This pattern closely resembles the movement seen during the latter half of 2020, when the previous bull market began in earnest.” – Link
By Yonsei_dent | @cryptoquant_official
Join us for an in-depth exploration of Bitcoin's Layer 2 solutions, with Dan Held.
Discover how L2 protocols are revolutionizing scalability and setting the stage for the future of Bitcoin. Don't miss out on gaining crucial insights into the blockchain ecosystem.
🗓 Date: March 28th
🕛 Time: 12pm ET
Register Now | @cryptoquant_official
Will Bitcoin climb back above $70K?
Let's look into the data ⬇️
The recent rally has pushed Bitcoin to new heights, but signs of a turn are emerging.
Key metrics signal the market might be overheating, with the Bull-Bear Market Cycle Indicator in an overheated-bull phase and traders' unrealized profit margins staying high.
Traders started to sell, taking advantage of high-profit margins. This selling behavior hasn't been seen at this scale since May 2019.
Large Bitcoin holders started selling more aggressively, and miners have also been offloading their holdings as prices have soared.
Despite the correction, Bitcoin's future looks bullish. The success of Bitcoin ETFs and positive sentiment hints the bull run isn't over and there's still room for growth.
Weekly Crypto Report | @cryptoquant_official
Time to Wait Until Additional Buying Power from U.S. Institutions & Whales
“The Coinbase premium has continued to be negative since March 14th, when Bitcoin entered the adjustment period, and has continued to be negative” – Link
By Crypto Dan | @cryptoquant_official
Current Market is Dominated by Shorts
“The historical pattern shows that after a period of dominant market shorts, Bitcoin price either moves sideways or rebounds sharply.” – Link
By SignalQuant | @cryptoquant_official
Miners' reserves hit a low not seen since April 2021, while active addresses lagged, and Bitcoin short-term holders took profits.
Let's delve into some of our analyst's insights from the last week ⬇️
Insights from CryptoOnchain revealed a significant drop in Bitcoin miners' reserves, reaching the lowest point since April 2021. This highlighted the increased selling pressure in the market. Notably, this trend has been particularly strong since November, indicating a major shift in market dynamics.
Phi Deltalytics raised concerns about a worrying trend: Bitcoin's price was on the rise, but the number of active addresses wasn't following suit.
Analysis from Crypto Dan showed that on-chain data indicated a surge in profit-taking by short-term BTC holders, a pattern similar to what we've seen at the peaks of previous bull markets. With this trend of profit realization pointing towards a critical moment for Bitcoin's price trajectory.
To view all our analyst's latest market insights, explore Quicktake.
Explore Quicktake | @cryptoquant_official
Allocation of Nearly 50% of Bitcoin's Realized Cap to Short-Term Holders
“This occurrence, alongside indicating a very high bullish sentiment among short-term holders, reflects a higher dominance of this capital amount in the market over the coming weeks and months.” – Link
By Crazzyblockk | @cryptoquant_official
Long-Term Holders Have Not Yet Started Distribution
“We have not yet seen entry into this late stage of the cycle, although sporadic corrections are common, in part due to the highly leveraged nature of the current market.” – Link
By caueconomy | @cryptoquant_official
Coinbase Premium Getting Below 0
“If the premium remains negative when we get a bounce, it may signal a warning sign to the market that the US institution's stance is beginning to shift.” – Link
By BQYoutube | @cryptoquant_official