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Is BTC in Reaccumulation? Wyckoff and On-Chain Analysis
“If the reaccumulation phase continues, we could expect a breakout upwards (markup phase) as the next step in the Wyckoff cycle.” – Link
By Onchain Edge | @cryptoquant_official
Sellers are finally exhausted
“This reduction in outflows suggests that investors are more inclined to hold their assets rather than withdrawing cash from the market.” – Link
By Woominkyu | @cryptoquant_official
When ultra-long term holders sell Bitcoin
“Currently, ultra-long term Bitcoin holders are not sending Bitcoin to exchanges. Ultra-long term Bitcoin holders want a stronger bull market” – Link
By crypto sunmoon | @cryptoquant_official
BTC - Miners' selling pressure decreases
“Selling pressure of miners is weakening, and if all of their selling volume is absorbed, a situation may be created where the upward rally can continue again.” – Link
By Crypto Dan | @cryptoquant_official
BTC price breaks below the short-term average realized price!
“If the price does not move above the sth price quickly, it will likely turn into a resistance level for the price going forward.” – Link
By SignalQuant | @cryptoquant_official
Exciting Collaboration with TRON DAO!
We’re excited to announce that we’ve collaborated with the TRON DAO and have successfully integrated TRON network data into CryptoQuant.
This new addition provides deep, actionable insights into the TRON network, enhancing your ability to analyze and strategize.
Tap into these insights now.
Data Dashboard | @cryptoquant_official
Levels of Correction Based on Supply in Profit
“Compared to past cycles, it appears there are still at least two more months remaining in the major bull market phase.” – Link
By Yonsei_dent | @cryptoquant_official
Bitcoin is trading below the critical support level of $65.8K, now below $64K.
Falling under this threshold suggests a potential 8%-12% correction toward $60K.
Explore our Crypto Weekly Report.
@cryptoquant_official
MicroStrategy Acquires 11,931 BTC for $786 Million
“With this latest acquisition, MicroStrategy's total bitcoin holdings have reached 226,331 BTC, solidifying their status as one of the largest whales in the bitcoin market.” – Link
By maartunn | @cryptoquant_official
The Ethereum OI data has dropped from $13 billion to $11.5 billion, giving the market some breathing space
“Following this significant increase in OI data, a sharp correction ensued, with OI data pulling back by $1.5 billion to $11.5 billion.” – Link
By burakkesmeci | @cryptoquant_official
XRP in the Spotlight
“This trend suggests that as open interest rises alongside price, investors are opening more positions with the expectation of XRP's price increase.” – Link
By Woominkyu | @cryptoquant_official
3 Reasons Behind the Recent Cryptocurrency Market Declines
“While current conditions are causing fear and selling among short-term investors, the strong support level of around $62,400 for short-term holders' average realized price could help stabilize prices in the near term.” – Link
By IT Tech | @cryptoquant_official
The Open Network (TON) hit all-time high, $7.3 turned support
“A few days ago, the price peaked at $7.3, but that level has now been broken and turned into support. As long as that level sticks around, this is a really bullish chart. ” – Link
By maartunn | @cryptoquant_official
Bitcoin reserves on Coinbase have been rapidly declining since February 2024
“While there were 1,044,997 Bitcoins on February 18, 2024, the reserves on the Coinbase exchange dropped to 878K following the increased demand due to Spot ETFs.” – Link
By burakkesmeci | @cryptoquant_official
Bitcoin Miners Offload Holdings
As Bitcoin prices hovered between $69K-$71K, miners are increasingly offloading holdings. Significant transfers to exchanges and OTC desks highlight growing pressures amid falling revenues post-halving.
On June 9th, over 3,000 BTC were transferred mostly to Binance, contributing to a drop in Bitcoin’s price to $66K. The following day, OTC desks saw a surge with 1,200 BTC sold, the highest daily volume since late March.
Marathon Digital has ramped up their sales dramatically, offloading 1,400 BTC in June—a steep rise from just 390 BTC in May. This accounts for 8% of their previous holdings.
The halving has resulted in decreased transaction fees and a persistently high network hashrate, which has only seen a minor decline of 4% post-halving. These factors are squeezing miner revenues.
Historical trends suggest that sustained low revenues and high hashrate could point to a potential market bottom, hinting at possible stabilization or recovery.
Dive into all the details in our latest Crypto Weekly Report.
@cryptoquant_official
Low Volatility Alert will hit TON soon
“Typically, periods of lower volatility are followed by periods of higher volatility, and vice versa. Therefore, based on this chart, it is reasonable to anticipate a volatility expansion in the near future.” – Link
By maartunn | @cryptoquant_official
Miners' selling concerns resolved, third quarter rally possible
“Miners' selling pressure has decreased significantly and their selling volume is being digested quickly.” – Link
By Crypto Dan | @cryptoquant_official
The ultimate support level for Bitcoin is $56K; falling below this could lead to a major correction.
See our latest market report for all the details.
Bitcoin Market Report | @cryptoquant_official
This week’s Crypto Weekly Report is out for Professional Plan users!
• Bitcoin at a one-month low
• Critical on-chain signals analyzed
• Potential for a market rally?
Access the full insights and stay ahead of the curve!
@cryptoquant_official
The importance of Bitmex exchange Ethereum reserves
“When Bitmex Ethereum whales buy through Bitmex, we observe a decrease in reserves. Conversely, when they sell, we see an increase in Bitmex reserves.” – Link
By BlitzzTrading | @cryptoquant_official
Signs of a Local Bottom?
After a 15% correction, Bitcoin shows potential signs of a local bottom. Open interest has declined, funding rates are near zero, suggesting a more balanced market. Crucial U.S. economic data incoming. Is the tide turning? – Link
By Gustavo Faria | @cryptoquant_official
Time for the accumulation whales to respond
“This is time when accumulation whales are likely to respond to market fear, indicating a potential V-shaped rebound.” – Link
By Mignolet | @cryptoquant_official
Guessing The Peak Of the Market
“When the asopr indicator rises above 1, it generally occurs during market uptrends, indicating a higher likelihood of continued price increases. However, historical data suggests that when this indicator approaches 1.08” – Link
By Woominkyu | @cryptoquant_official
On-chain metrics of TON are going parabolic!
“The transfer volume ranges between $5.0B ~ $10.0B. For comparison, Bitcoin's average daily transfer volume is around $50.0B. This indicates that TON has already achieved between 10% Bitcoin's capacity.” – Link
By maartunn | @cryptoquant_official
Join us live here on Telegram, June 20th at 10am ET as we dive into the TON Ecosystem with expert insights.
Understand TON’s activity and use cases in-depth.
Don’t miss out!
MVRV near the Distribution Region
“Therefore, the current phase is Neutral with low volatility and a tendency for a big move to follow.” – Link
By G a a h | @cryptoquant_official
Retail is Not Here Yet
“This structure suggests that we have not yet reached the peak euphoria of this cycle. The predominance of long-term holders in the market forms a more solid price support base.” – Link
By Gustavo Faria | @cryptoquant_official
Spent Output Age Bands (%)
“40% of the sent Bitcoins are in the 3M-6M range, 20% are in the 6M-12M range, and the remaining portion is mixed. These sent Bitcoins will create selling pressure.” – Link
By XBTManager | @cryptoquant_official
Whales Actively Transfer TON Ahead of Significant Price Surge
“In the following months, the price began to rise and is now above $7. Monitoring whale movements in the future can help identify potential price peaks.” – Link
By maartunn | @cryptoquant_official
Reserve Risk Indicators: A Guide for Bitcoin Investors
“Historical analysis shows that low Reserve Risk periods have historically yielded outsized returns, underscoring its relevance in assessing market sentiment and investor behavior.” – Link
By joaowedson | @cryptoquant_official