Bitcoin's Importance: On-chain Cost Basis Support Levels
“The testing of these price levels, coupled with the mitigation of severe market risk, may present an opportunity for the participation of additional actors or investors.” – Link
By CrazzyBlockk | @cryptoquant_official
“The testing of these price levels, coupled with the mitigation of severe market risk, may present an opportunity for the participation of additional actors or investors.” – Link
By CrazzyBlockk | @cryptoquant_official
Short-term holders are moving at a loss
“Investors who have been costing higher over the last 6 months are at a loss and are likely to panic sell below the SOPR, indicating that the market is close to a local bottom.” – Link
By tugbachain | @cryptoquant_official
“Investors who have been costing higher over the last 6 months are at a loss and are likely to panic sell below the SOPR, indicating that the market is close to a local bottom.” – Link
By tugbachain | @cryptoquant_official
We're excited to announce our partnership with @toncoin!
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Explore TON Data | @cryptoquant_official
We've successfully integrated TON data into CryptoQuant.
This data provides deep, actionable insights into the TON network, enhancing your analytical capabilities.
Tap into these insights now.
Explore TON Data | @cryptoquant_official
Bitcoin prices are currently hovering around $60K, marking a two-month low. This comes as demand continues to slow following record-high growth in Q1 2024.
Demand Insights:
Monthly growth from permanent holders (pink area) has seen a significant decrease, dropping 50% from over 200K Bitcoin in late March to just 96K Bitcoin now.
Looking Ahead:
For prices to find a floor and potentially rally, accelerating demand growth is essential
View Real-Time Dashboard | @cryptoquant_official
Demand Insights:
Monthly growth from permanent holders (pink area) has seen a significant decrease, dropping 50% from over 200K Bitcoin in late March to just 96K Bitcoin now.
Looking Ahead:
For prices to find a floor and potentially rally, accelerating demand growth is essential
View Real-Time Dashboard | @cryptoquant_official
BTC Futures Market Not Yet Signaling Capitulation
“Given the relatively small amount of long position liquidation and the lack of dramatic negative funding ratios, we believe that a 'capitulation' has not yet occurred in the futures market.” – Link
By MAC_D | @cryptoquant_official
“Given the relatively small amount of long position liquidation and the lack of dramatic negative funding ratios, we believe that a 'capitulation' has not yet occurred in the futures market.” – Link
By MAC_D | @cryptoquant_official
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Post Q1 2024, Bitcoin's valuation struggles below $60,000 with several indicators pointing to a downturn:
• Demand Slowdown: The number of permanent holders and whale activity are on the decline. Spot ETF interest has also faded.
• Miner Activity: Increased selling from miners, adding to supply pressures.
• Futures Market: A bearish outlook as sell orders dominate.
• Price Forecast: Short-term projections suggest a dip to $55K-$57K, below the usual bull market support level of $63K.
Current Sentiment:
• Buying enthusiasm is reduced, seen in negative Coinbase premiums and decreased futures leverage.
• Growth in whale demand has halved since late March, affecting potential rallies.
Immediate Outlook:
• With traders opening more short positions, an immediate test of lower support levels around $55K-$57K is likely, significantly under the $63K cost basis.
• This phase could lead to market stabilization or further declines.
See our research report for all the real-time data.
Weekly Crypto Report | @cryptoquant_official
• Demand Slowdown: The number of permanent holders and whale activity are on the decline. Spot ETF interest has also faded.
• Miner Activity: Increased selling from miners, adding to supply pressures.
• Futures Market: A bearish outlook as sell orders dominate.
• Price Forecast: Short-term projections suggest a dip to $55K-$57K, below the usual bull market support level of $63K.
Current Sentiment:
• Buying enthusiasm is reduced, seen in negative Coinbase premiums and decreased futures leverage.
• Growth in whale demand has halved since late March, affecting potential rallies.
Immediate Outlook:
• With traders opening more short positions, an immediate test of lower support levels around $55K-$57K is likely, significantly under the $63K cost basis.
• This phase could lead to market stabilization or further declines.
See our research report for all the real-time data.
Weekly Crypto Report | @cryptoquant_official
Deciphering Whales: The Impact of Exchange Whale Ratio
“In the case of Bitcoin, 96% of the influx on exchanges is attributed to whales (Top 10 Inflow), while for Ethereum, this number is only 11.45%.” – Link
By joaowedson | @cryptoquant_official
“In the case of Bitcoin, 96% of the influx on exchanges is attributed to whales (Top 10 Inflow), while for Ethereum, this number is only 11.45%.” – Link
By joaowedson | @cryptoquant_official
BTC - Possibility of a short-term rebound
“Generally, in a bull market, a short-term rebound often occurs when the short-term SOPR reaches the bottom of the Bollinger Band.” – Link
By Crypto Dan | @cryptoquant_official
“Generally, in a bull market, a short-term rebound often occurs when the short-term SOPR reaches the bottom of the Bollinger Band.” – Link
By Crypto Dan | @cryptoquant_official
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Binance Starting to Ape In
“As Binance is one of the top exchanges with retail based customers, this normally signals that retails are starting to ape in to building long positions.” – Link
By BQYoutube | @cryptoquant_official
“As Binance is one of the top exchanges with retail based customers, this normally signals that retails are starting to ape in to building long positions.” – Link
By BQYoutube | @cryptoquant_official
Bitcoin Market Dynamics
“The price action market breakout is yet to come, but Coinbase premium index has made a market breakout.” – Link
By TraderOasis | @cryptoquant_official
“The price action market breakout is yet to come, but Coinbase premium index has made a market breakout.” – Link
By TraderOasis | @cryptoquant_official
Coinbase Premium Index and EMA14: A Guiding Light for Investors?
“We witness that when the CPI data remains above EMA14, Bitcoin price makes strong upward movements.” – Link
By burakkesmeci | @cryptoquant_official
“We witness that when the CPI data remains above EMA14, Bitcoin price makes strong upward movements.” – Link
By burakkesmeci | @cryptoquant_official