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BTC 2024's Largest Long Position Liquidation and Open Interest Decrease
“This resulted in the liquidation of 5,500 BTC long positions over 24 hours. This liquidation is approximately $303 million (based on the hourly closing price).” – Link
By Yonsei_dent | @cryptoquant_official
Bitcoin dropped over 16% in the last 24 hours, breaking below the $57K support level.
This breach suggests a possible drop to $40K.
Currently, traders are facing their most negative unrealized profit margins since November 2022.
See our Bitcoin holding behavior dashboard for more insights.
@cryptoquant_official
Bitcoin miner outflows have decreased, indicating less selling pressure as prices recover.
In July, daily outflows were between 5K-10K BTC, down from 10K-20K in March and lower than April-May’s post-halving spikes.
Explore all the details and live data in our latest Weekly Report.
@cryptoquant_official
MicroStrategy Bought Again: Essential Stats You Need to Know!
“Although their recent purchase was small (only 169 bitcoins), there seems to be no end in sight, as they also announced plans to buy an additional $2.0 billion worth of bitcoin.” – Read More
By maartunn | @cryptoquant_official
The movements in the age bands brought the market down.
“As these movements occurred, the selling pressure increased, and instead of rising as people expected, we started to decline.” – Link
By XBTManager | @cryptoquant_official
Increasing withdrawal of Bitcoin from exchanges
“The increase in Bitcoin outflow can be a positive sign regarding the possibility of price increase and break-up of the fluctuation area in the future.” – Link
By CryptoOnchain | @cryptoquant_official
Miners continue their calm before the storm
“After a support level of $53,000, miner outflow continues to rise. Bitcoin has been observed leaving miner wallets at the current price level, which could create potential selling pressure.” – Link
By XBTManager | @cryptoquant_official
The Ethereum Open Interest (OI) data has increased by approximately $1.5 billion in the last 3 weeks
“As leveraged trading increases, liquidations become inevitable. This, in turn, brings high volatility. Therefore, I believe that OI is one of the data points that needs to be closely monitored.” – Link
By burakkesmeci | @cryptoquant_official
We've launched our latest Ethereum Spot ETF dashboard.
You can view data like:
✅ Netflow Trend
✅ ETH Holding Amount
✅ Ethereum Holding Trends
✅ ETF Premium
✅ Trading Volume
Explore our Ethereum spot ETF dashboard.
@cryptoquant_official
After the approval of the Spot ETF, 160,930 Ethereum entered Coinbase in 2 days
“The Ethereum Netflow data may be a leading indicator of whether Grayscale's Spot ETF, ETHE, will continue to exert selling pressure for a while longer.” – Link
By burakkesmeci | @cryptoquant_official
Mt.Gox Refunds: Users Choose to Hodl Over Selling
“Significant increase in BTC withdrawals from Kraken after affected Mt.Gox users start receiving their BTC. This could be a positive signal, indicating that they are not selling and are preparing to hold their coins, moving them from the exchange to cold wallets.” – Link
By OnChainSchool | @cryptoquant_official
Investors are unwilling to sell Bitcoin
“A decreased willingness to sell assets could lead to a reduction in the supply of Bitcoin on the market, which, with steady or increasing demand, may cause price increases.” – Link
By AxelAdlerJr | @cryptoquant_official
Bitcoin Market Recovery Phase: Have We Reached a Bullish Normalcy or Is There Still Potential for a Decline?
“Historical Bitcoin price cycles, based on holder behavior logic, emphasize the importance of price stabilization and a bullish market sentiment above the average cost basis of short-term investors.” – Link
By Crazzyblockk | @cryptoquant_official
TRON Network Emerges as a Key Infrastructure for USDT Mass Adoption
In recent years, TRON has rapidly grown and established itself as a significant player in the blockchain industry. TRON has shown outstanding performance in the transfer volume and number of transactions involving Tether (USDT).
Comparison with Ethereum
Since the beginning of TRON's journey with USDT in 2019, the data as of July 2024 highlights the following:
1. Proportion of TRON in Total Issuance: 53.47%
2. Proportion of TRON in Transactions: 93%
3. Proportion of TRON in Transfer Volume: 70%
It is no exaggeration to say that half of the USDT is tied to the TRON chain, and the majority of daily USDT transactions and transfer volumes occur on TRON.
Examining the scale of USDT transfers in more detail, transactions under 1K constitute 70%, indicating widespread use among retail users. Meanwhile, the proportion of transactions over 10K is also steadily increasing, reflecting growing usage among institutional-level users.
TRON's fast transfer speeds and low fees are key reasons why it continues to attract more users. These strengths solidify TRON's position as a vital infrastructure for USDT transfers.
TRON stands out as a fast, affordable, and stable blockchain network, cementing its role as a core infrastructure for USDT.
See our Live Dashboard for more.
By CryptoQuant Degen | @cryptoquant_official
Will Ethereum's uptrend persist in the mid-term? Futures Market Analysis
“If this upward trend in the Taker Buy/Sell Ratio continues, it confirms a potential mid-term bullish trend in the market, with the price likely rallying toward higher values.” – Link
By ShayanBTC | @cryptoquant_official
Real price volatility will occur during U.S. market hours
“If the current price drop is due to an exit trend or new issues in the U.S. market, the Coinbase Premium Gap (CPG) should show a significant reaction.” – Link
By Mignolet | @cryptoquant_official
TRON Network Maintains a 30% User Retention Rate Throughout July
Traditional blockchain metrics like active users and transaction count often lack the context that explains what type of users are interacting with the network.
One metric that gives more detailed information about user activity is what I call user retention rate; or what percentage of users transacting on one day also transacted on the previous day.
In the case of TRON, throughout July around 30 percent of the active users each day also transacted on the previous day.
This shows that a large portion of TRON users are not just active, but they are also finding enough value in the network to keep them coming back each day. – Read More
By CQBen | @cryptoquant_official
On-Chain Heatmap: Unveiling Altcoin Movements This Week
IT Tech dives into how high altcoin inflows suggest potential price drops, while high outflows indicate potential buying opportunities. – Read More
@cryptoquant_official
Bitcoin Accumulation Trend Score
“The Bitcoin accumulation trend score chart is a valuable tool for understanding market trends. It visualizes behaviors of both large and small investors, providing insights into market dynamics.” – Read More
By datascope | @cryptoquant_official
Bitcoin network hashrate is now less than 2% from its all-time high.
Miners are expanding as prices recover.
See our Bitcoin Miner dashboard.
@cryptoquant_official
When the Coinbase Premium Index is below its SMA14, selling pressure on Bitcoin increases
“Examining the data for 2024, we clearly see that Bitcoin price corrections have occurred when the CPI (Coinbase Premium Index) fell below its' SMA14.” – Link
By burakkesmeci | @cryptoquant_official
Bitcoin Bounces Back: Key Indicators Point to Continued Growth
“The price of Bitcoin has returned above $63,500, which is above the average realized price (purchase price) for short-term investors.”
Explore the key points – Link
By IT Tech | @cryptoquant_official
In 2024, every $1 invested in Bitcoin increased its market cap by $5, while for ETH, it was only $1.3.
New money flows have a weaker effect on ETH than Bitcoin.
Explore our research dashboard for all the Ethereum ETF information.
@cryptoquant_official
New inflows haven't even started yet
“Bitcoin's upward momentum continues to rely on spot ETFs, but we can expect to see more upside as exiting and new investors enter the market.” – Link
By SignalQuant | @cryptoquant_official
Bitcoin Coinbase Premium Index has turned negative
“Bitcoin Coinbase Premium Index has turned negative, indicating decreasing demand from US investors.” – Link
By IT Tech | @cryptoquant_official
Correction occurred due to Mt.Gox issue, reaching the defense line of 1-3 month holders
“As a result, the price temporarily fell and is currently hovering around $66.7k. This price range is very close to the average purchase price of $66.5k for 1-3 month BTC holders.
If that support breaks down you should watch the average purchase price range of 3-6 month holders, $63.6k.” – Link
By Yonsei_Dent | @cryptoquant_official
Bitcoin Corrections: Strategic Investment Opportunities
“By strategically investing during these drawdowns and leveraging techniques like DCA, investors can potentially enhance their returns while managing risk.” – Link
By IT Tech | @cryptoquant_official
Stablecoin liquidity, especially USDT, needs to pick up for Bitcoin prices to rise further.
USDT market cap growth is near 0%, down from 6.6% in March when Bitcoin topped $70K.
Faster growth in stablecoin liquidity is crucial for continued price increases.
Weekly Dashboard | @cryptoquant_official
Can the MVRV break through the downtrend?
“The MVRV is currently around 2.1, attempting to break a downtrend. If it can break this downtrend, we could potentially see sharp price increases after a retest, similar to previous cycles.” – Link
By tugbachain | @cryptoquant_official
Bitcoin is back above the average cost basis of short-term holders
“Recently, the Bitcoin price has reclaimed the STH Realized Price. This is a positive sign because short-term holders often add to their positions when Bitcoin returns to their average cost basis, creating a support level. Since 2023, Bitcoin has reclaimed the short-term holder Realized Price twice, each time resulting in at least 30% profits.” – Link
By maartunn | @cryptoquant_official