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Bitmex and Binance Decoupling
“Often this kind of phenomenon is seen when whales in Bitmex start to accumulate positions while Binance retail gets washed out.” – Link
By BQYouTube | @cryptoquant_official
Analyzing TON's Price Volatility and Adjusted Sharpe Ratio: Implications for Speculators
“Currently, based on a 180-day Sharpe Ratio analysis, the price of TON has reached a level of fatigue, indicating a potential drawdown in price in the near term.” – Link
By ShivenMoodley | @cryptoquant_official
Bitcoin and Ethereum are on a path to acceleration. Let’s dive into the data.
Bitcoin demand among permanent holders has surged, with 70K Bitcoin added in the last 30 days and a 4.4% monthly increase in demand from large investors.
Moreover, large investors are now injecting $1B daily into Bitcoin, echoing the pre-rally activity of 2020.
Bitcoin purchases from US spot ETFs have also seen a significant uptick, with holdings increasing from 819K to 859K.
Ethereum’s demand has followed suit. Since May 20th, Ethereum demand has spiked following the approval of spot ETH ETFs in the USA. Daily purchases by permanent holders have risen to 40K ETH, with large investors now holding 16M ETH.
However, there’s a hurdle: Stablecoin liquidity needs to rebound to support a sustained rally. Tether’s USDT growth has slowed, marking its slowest pace since February 11th.
Dive into all the details in our latest Crypto Weekly Report.
@cryptoquant_official
Whales are in the process of reaccumulation
“This buying pressure has already started to impact market prices, but it should intensify in the coming weeks.” – Link
By caueconomy | @cryptoquant_official
Bitcoin NVT Golden Cross
“As of now, NVT GC is at 0.14 points. This indicates that we may soon see a local bottom in the 69-70K region.” – Link
By burakkesmeci | @cryptoquant_official
Miner Supply of Bitcoin at its Lowest in 14 Years
“Miner holdings of Bitcoin are in decline, down 50% from highs. It was over 5,000 days, or 14 years, since miner reserve of Bitcoin was this low.” – Link
By Papi | @cryptoquant_official
Over 800,000 Ethereum Outflow From Exchanges Following ETH Spot ETF Approval
“Institutions preparing for the Spot ETF could be behind this wave of heavy outflow that lasted for 8 days.” – Link
By burakkesmeci | @cryptoquant_official
Impressive Growth: Major Players Accumulating 100k to 1M TON
“The increasing number of addresses within this balance range highlights a deliberate and calculated move by large investors to strengthen their positions.” – Link
By joaowedson | @cryptoquant_official
Is Bitcoin Heading for a New Peak? Key Insights You Need to Know!
“This means we are still somewhat far from the peak, and the price will achieve a new high in this cycle, which could be above $100k.” – Link
By Tarekonchain | @cryptoquant_official
Mt. Gox Coins on the Move
On May 27th, Mt. Gox moved a staggering 138K Bitcoin (approx. $9.4 billion). These coins, held since May 2018, were transacted in seven segments, ranging from 4K to 32K Bitcoin each.
Initially transferred to a single address, the funds were subsequently redistributed to three different addresses, each securing 47.4K Bitcoin. Despite this significant activity, all addresses remain under the firm control of Mt. Gox’s Rehabilitation Trustee, with no creditor repayments made to date. This strategic consolidation hints that the Trustee is gearing up for planned repayments, following the Rehabilitation Plan.
Market Impact Analysis
• No Immediate Impact: Transfers remain within Trustee control, showing no immediate market influence.
• Uncertain Repayment Timeline: Creditors’ repayment is scheduled by October 31, 2024, though the precise start date remains undecided.
• Potential Market Movements: Future repayments hold the potential to influence Bitcoin’s market dynamics, dependent on the timing and amount released.
For a deeper dive, check our latest crypto weekly report!
@cryptoquant_official
During bullish phases, it's common to observe LTHs offloading portions of their Bitcoin holdings as prices rise
“The 1-year+ and 2-year+ cohorts have ceased selling, transitioning from a distribution phase to a holding phase.” – Link
By onchained | @cryptoquant_official
Ethereum is surpassing, is altcoin season approaching?
“If Ethereum’s price continues to consolidate in the current range, it’s very possible that the altcoin season will start sooner than expected.” – Link
By abramchart | @cryptoquant_official
Surge in High-Value Transactions on TON Network
“Transactions exceeding $1M USD dominate the on-chain volume of TON.” – Link
By joaowedson | @cryptoquant_official
Puell Multiple reaches the Discount range after a year
“Investors may interpret the fall in the Puell Multiple as a sign that the market is adjusting to a new phase of scarcity, potentially preparing for a rally.” – Link
By G a a h | @cryptoquant_official
TON Blockchain Becomes More Decentralized!
“A decline in the Gini coefficient over time on the TON blockchain can indicate a more equitable distribution of wealth among TON token holders.” – Link
By joaowedson | @cryptoquant_official
Ethereum's plummet might persist in the short term, if nothing changes!
“This trend suggests that the majority of futures traders have been selling Ethereum aggressively, either for speculative purposes or to realize profits.” – Link
By ShayanBTC | @cryptoquant_official
Bitcoin: The whales’ appetite for buying has returned strongly
“They are now returning with strong buying power once again, which indicates that the current prices are suitable for buying and accumulating.” – Link
By abramchart | @cryptoquant_official
As a large amount of Bitcoin outlfows from Coinbase, a substantial amount of Bitcoin enters spot exchanges (4,594 BTC).
“This shows us that buyers in the USA are strong. This data proves that Spot ETFs are the main drivers of the bull cycle we are currently in. As of now, the total volume of Bitcoin Spot ETFs has exceeded 1 billion dollars.” – Link
By burakkesmeci | @cryptoquant_official
Ethereum Accumulation
“The balance of new accumulating addresses between 10-10k and 10k-100k continues to grow” – Link
By elcryptotavo | @cryptoquant_official
Low volatility - the calm before the storm?
“Given that the market's current structure remains bullish and that the end of the low volatility period could be followed by a strong price movement, it can be concluded that the market is in the process of forming a new bullish trend.” – Link
By AxelAdlerJr | @cryptoquant_official
Kraken: Largest BTC and ETH Outflows Since 2017!
“Kraken's Bitcoin reserves have dropped to the same level as in 2018, now holding 122,300 BTC. For Ethereum, this is the first time Kraken's reserves have fallen below 1 million units, a level not seen since early 2016.” – Link
By joaowedson | @cryptoquant_official
Growth Surge in Bitcoin and Ethereum Accumulation Addresses: What It Means for the Crypto Market
“This phenomenon indicates that even with Bitcoin and Ethereum experiencing price stability, investor sentiment remains bullish.” – Link
By Crazzyblockk | @cryptoquant_official
How Much Upside Potential Remains?
“From the last two cycles, we can see that the bullish trend lasted approximately 300-600 days. If we observe a similar pattern in the current cycle, we can expect the upward momentum to continue for at least another three months.” – Link
By Yonsei_dent | @cryptoquant_official
Mt. Gox coin distribution could bring buying opportunity
“While novice investors believe this could bring the market down, it will be important to look for price levels for optimized new purchases.” – Link
By caueconomy | @cryptoquant_official
Will Bitcoin Spot ETF Leadership Change Hands This Week?
“On the first trading day of the week, IBIT saw $102.5 million in net inflows, while GBTC saw $105.2 million in outflows.” – Link
By burakkesmeci | @cryptoquant_official
NOTCOIN has experienced a 34% increase in the last 24 hours and a 78% rise over the past week.
After its listing on Binance on May 16, NOTCOIN saw a surge in transaction volumes and active addresses, though prices and trading volumes soon declined, indicating initial excitement tapering off. Despite this, substantial accumulation by large holders suggests sustained confidence.
A significant 69.59% of NOTCOIN's airdrops were distributed through on-chain withdrawals, with 22.87% allocated to community incentives, demonstrating a strategy aimed at broad engagement.
Community incentives saw a major portion distributed through Binance (41.96%), enhancing user engagement across multiple platforms including OKX and Bybit.
This pattern of initial market overreaction followed by a correction, coupled with strategic holder accumulation and diversified incentive distribution, positions NOTCOIN for potential future recovery. – Link
CryptoQuant Degen | @cryptoquant_official
The Bitcoin bull market is still not over
“In past bull markets, MVRV peaked at 4.83 and 3.97, and currently has only reached 2.78. It has still not entered the overvalued zone and further rises can be expected.” – Link
By Crypto Dan | @cryptoquant_official
Bitcoin: The whales’ appetite for buying returns
“They are now returning with a strong buying force again, indicating that the current prices are suitable for purchasing and accumulating despite the widespread fear.” – Link
By abramchart | @cryptoquant_official
This week we’ve witnessed Ethereum surge over 22% in anticipation of ETF approval, marked by a significant short squeeze and substantial buying activity. Here’s the detailed analysis and essential data you need to know:
The ETH futures market has shown remarkable activity, with total open interest surging to 3.2 million ETH—its highest point since January 2023, valued at $11.7 billion. This rise is primarily driven by dominant buy orders, which have propelled prices upwards and contributed to the largest hourly liquidation of the year, involving 9.3K ETH.
Investor preference for Ethereum over Bitcoin is evident as the ETH-BTC Open Interest ratio increased from 0.54 to 0.67. The narrowing of the ETHE fund discount to 17%, the lowest in two months, also suggests a bullish outlook, pending ETF approval.
Significant activity from permanent holders has also been a key factor, with purchases exceeding 100K ETH, marking the highest daily level since September 2023. Furthermore, a notable 62K ETH has flowed into exchanges, indicating potential price volatility ahead.
Encouragingly, the volume of staked ETH has rebounded to 32.5 million, showcasing renewed investor confidence, which is crucial as the market anticipates potential shifts depending on the ETF approval outcome.
For all the latest updates and live data, check out our weekly crypto report.
@cryptoquant_official
Ethereum Futures Market Sentiment Analysis
“This upward trend in the Taker Buy Sell Ratio indicates a potential shift in market dynamics. If the ratio continues to rise, it may signal a reduction in aggressive selling pressure.” – Link
By ShayanBTC | @cryptoquant_official