Bitcoin Halving is set to challenge miners, cutting rewards to 3.125 BTC. As revenues hit record highs and competition intensifies, staying profitable demands innovation.
Revenue vs. Hashprice: Miners are seeing daily revenues peak, yet hashprice has fallen 30% since the last halving, decreasing earnings per hash.
Transaction fees have also dropped significantly, adding pressure on profitability as the halving draws near.
The competition is fiercer, with the Bitcoin network's hashrate climbing, showing more miners are in the race for the same rewards.
In response, some miners have increased their BTC sales, with daily sales to OTC desks reaching 1.6K Bitcoin in late March, the highest since August 2023.
As the halving approaches, adapting to reduced revenues and heightened competition is crucial. Miners' success will hinge on their ability to innovate and optimize operations. This period may lead to a mining landscape that favors consolidation and sustainable energy solutions.
⬇️ Explore our dashboard for more insights.
Weekly Crypto Report | @cryptoquant_official
Revenue vs. Hashprice: Miners are seeing daily revenues peak, yet hashprice has fallen 30% since the last halving, decreasing earnings per hash.
Transaction fees have also dropped significantly, adding pressure on profitability as the halving draws near.
The competition is fiercer, with the Bitcoin network's hashrate climbing, showing more miners are in the race for the same rewards.
In response, some miners have increased their BTC sales, with daily sales to OTC desks reaching 1.6K Bitcoin in late March, the highest since August 2023.
As the halving approaches, adapting to reduced revenues and heightened competition is crucial. Miners' success will hinge on their ability to innovate and optimize operations. This period may lead to a mining landscape that favors consolidation and sustainable energy solutions.
⬇️ Explore our dashboard for more insights.
Weekly Crypto Report | @cryptoquant_official
Why is the Bitcoin price recovering?
“Additionally, we can see huge BTC inflows to the accumulation addresses, and their reserves hit an all-time high.” – Link
By IT Tech | @cryptoquant_official
“Additionally, we can see huge BTC inflows to the accumulation addresses, and their reserves hit an all-time high.” – Link
By IT Tech | @cryptoquant_official
Analyzing Ethereum's Futures market Sentiment: Is A Renewed Bullish Surge Coming?
“Considering these metrics, the market appears poised for another significant move in the mid-term, with the potential for long positions to be reinstated in the perpetual market. This suggests a favourable outlook for Ethereum's price trajectory” – Link
By ShayanBTC | @cryptoquant_official
“Considering these metrics, the market appears poised for another significant move in the mid-term, with the potential for long positions to be reinstated in the perpetual market. This suggests a favourable outlook for Ethereum's price trajectory” – Link
By ShayanBTC | @cryptoquant_official
Bitcoin demand growth seems to be a major driver of higher prices post-halving.
In past cycles, Bitcoin demand growth from large holders/whales (violet area) has spiked, fueling the price rally.
Currently, demand growth is around the highest ever (11% MoM).
Live Dashboard | @cryptoquant_official
In past cycles, Bitcoin demand growth from large holders/whales (violet area) has spiked, fueling the price rally.
Currently, demand growth is around the highest ever (11% MoM).
Live Dashboard | @cryptoquant_official
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Discover how Layer 2 solutions are making Bitcoin faster and ready for the future.
Dan Held breaks it all down for us. If you're curious about the next big thing in crypto, this one's for you.
You can watch the full episode on YouTube now.
Watch Now | @cryptoquant_official
Dan Held breaks it all down for us. If you're curious about the next big thing in crypto, this one's for you.
You can watch the full episode on YouTube now.
Watch Now | @cryptoquant_official
Analysis of Bitcoin Price, Volatility and Coinbase Premium Index since Bitcoin Spot ETF's Approval
“Since January 10, 2024, CPI has been the most significant factor driving Bitcoin's price increase.” – Link
By burakkesmeci | @cryptoquant_official
“Since January 10, 2024, CPI has been the most significant factor driving Bitcoin's price increase.” – Link
By burakkesmeci | @cryptoquant_official
The peak of a bull market is determined by the influx of new investors
“Even conservatively, we can expect that the market has not yet reached its peak, and since we can now expect additional inflows from US spot Bitcoin ETFs, we could see a sharp further rise in Bitcoin in 2024.” – Link
By Crypto Dan | @cryptoquant_official
“Even conservatively, we can expect that the market has not yet reached its peak, and since we can now expect additional inflows from US spot Bitcoin ETFs, we could see a sharp further rise in Bitcoin in 2024.” – Link
By Crypto Dan | @cryptoquant_official
Introducing Our Latest Blockchain Analytics Feature!
Enhance your analysis beyond simple wallet tracking. With our new feature, you have the power to monitor institutions, whales, and miners in unparalleled detail.
Simplify Your Analysis: Our Cohort tool makes it easy to track whales, ETFs, and accumulating addresses. Use preset cohorts for effortless monitoring and deep insights into blockchain's key segments.
Custom Cohorts, Tailored Insights: Simply import your own addresses for personalized clustering. Dive into metrics like PnL for insights that cater to your unique interests, all with easy customization.
Visualize Like Never Before: Our tool not only allows you to create custom cohorts but also offers extensive options to customize your visualizations. Tailor everything to fit your analysis.
For a limited time only, enjoy free access. Don't miss out on actionable, data-driven insights.
Start Creating Cohorts | @cryptoquant_official
Enhance your analysis beyond simple wallet tracking. With our new feature, you have the power to monitor institutions, whales, and miners in unparalleled detail.
Simplify Your Analysis: Our Cohort tool makes it easy to track whales, ETFs, and accumulating addresses. Use preset cohorts for effortless monitoring and deep insights into blockchain's key segments.
Custom Cohorts, Tailored Insights: Simply import your own addresses for personalized clustering. Dive into metrics like PnL for insights that cater to your unique interests, all with easy customization.
Visualize Like Never Before: Our tool not only allows you to create custom cohorts but also offers extensive options to customize your visualizations. Tailor everything to fit your analysis.
For a limited time only, enjoy free access. Don't miss out on actionable, data-driven insights.
Start Creating Cohorts | @cryptoquant_official
The market is still hot, could more price correction come to Bitcoin before a new ATH?
“It's a dangerous price region for leveraged traders and if pressured could trigger a deeper correction breaking the current price structure.” – Link
By G a a h | @cryptoquant_official
“It's a dangerous price region for leveraged traders and if pressured could trigger a deeper correction breaking the current price structure.” – Link
By G a a h | @cryptoquant_official
Bitcoin's Surge in Demand Takes Center Stage
As we approach the next Bitcoin halving, it's clear the market dynamics are evolving. Traditionally, halvings have signaled potential price increases as the rate of new Bitcoin entering circulation is halved. However, the impact of these events may be lessening as these new issuances become a smaller fraction of the total available Bitcoin.
Key Observations
• Diminishing Impact: The influence of halvings on Bitcoin's price is reducing over time as the effect of new Bitcoin issuance decreases in significance compared to activities by long-term holders.
• Whale Activity: Demand from large Bitcoin holders (whales) has surged, recording an 11% increase month-over-month – the highest ever.
• Permanent Holders: The acquisition of Bitcoin by permanent holders is now outpacing the rate of new Bitcoin being mined, indicating a robust demand-driven market.
Forward Outlook
The shift in dynamics suggests that demand factors, driven by both whales and long-term holders, are becoming increasingly pivotal compared to traditional supply cuts. See our real-time dashboard for all the demand trends.
Live Dashboard | @cryptoquant_official
As we approach the next Bitcoin halving, it's clear the market dynamics are evolving. Traditionally, halvings have signaled potential price increases as the rate of new Bitcoin entering circulation is halved. However, the impact of these events may be lessening as these new issuances become a smaller fraction of the total available Bitcoin.
Key Observations
• Diminishing Impact: The influence of halvings on Bitcoin's price is reducing over time as the effect of new Bitcoin issuance decreases in significance compared to activities by long-term holders.
• Whale Activity: Demand from large Bitcoin holders (whales) has surged, recording an 11% increase month-over-month – the highest ever.
• Permanent Holders: The acquisition of Bitcoin by permanent holders is now outpacing the rate of new Bitcoin being mined, indicating a robust demand-driven market.
Forward Outlook
The shift in dynamics suggests that demand factors, driven by both whales and long-term holders, are becoming increasingly pivotal compared to traditional supply cuts. See our real-time dashboard for all the demand trends.
Live Dashboard | @cryptoquant_official
Back to December 2020
“It seems there is room for a more significant rise in this cycle as liquidity expands with the increasing greed of STHs and experienced investors gradually realizing their profits.” – Link
By Gustavo Faria | @cryptoquant_official
“It seems there is room for a more significant rise in this cycle as liquidity expands with the increasing greed of STHs and experienced investors gradually realizing their profits.” – Link
By Gustavo Faria | @cryptoquant_official
Bitcoin recently dropped from $71k to $65k.
If the correction persists, keep an eye on key metrics like traders' unrealized profit margins and the realized price.
These have signaled weakness since late March.
Live Dashboard | @cryptoquant_official
If the correction persists, keep an eye on key metrics like traders' unrealized profit margins and the realized price.
These have signaled weakness since late March.
Live Dashboard | @cryptoquant_official
Bitcoin Price Above STH Whales' Realized Price
“This indicates strong demand for Bitcoin, while also highlighting the greater returns of long-term investment.” – Link
By tugbachain | @cryptoquant_official
“This indicates strong demand for Bitcoin, while also highlighting the greater returns of long-term investment.” – Link
By tugbachain | @cryptoquant_official