Incoming Liquidity Surge
“Stablecoin inflows suggests a substantial increase in liquidity entering the market, which can affect Bitcoin's supply and demand dynamics and potentially lead to increased price volatility.” – Link
By Woominkyu | @cryptoquant_official
“Stablecoin inflows suggests a substantial increase in liquidity entering the market, which can affect Bitcoin's supply and demand dynamics and potentially lead to increased price volatility.” – Link
By Woominkyu | @cryptoquant_official
Typical buying pattern of ETF market makers (MM)
“Although the premium level is not at $200-300 during the acceleration phase of the previous price, buying patterns are emerging again.” – Link
By Mignolet | @cryptoquant_official
“Although the premium level is not at $200-300 during the acceleration phase of the previous price, buying patterns are emerging again.” – Link
By Mignolet | @cryptoquant_official
Institutional Influx Solidifies $60,000 as Critical Support Level for Bitcoin
“The behavior of these holders demonstrates a deep-seated confidence in Bitcoin's long-term value, often disregarding short-term market fluctuations.” – Link
By onchained | @cryptoquant_official
“The behavior of these holders demonstrates a deep-seated confidence in Bitcoin's long-term value, often disregarding short-term market fluctuations.” – Link
By onchained | @cryptoquant_official
Bitcoin’s price has rallied from $60K to around $66K, driven by lower-than-expected US inflation and reduced selling pressure.
Key insights:
• Short-term holders are selling at low or negative profits, reducing selling pressure.
• Bitcoin balances at OTC desks have stabilized, indicating less supply entering the market.
• Bitcoin miners are facing extremely low profitability, often correlating with price bottoms.
• Demand from permanent holders and large investors is stabilizing but needs to accelerate to sustain the rally.
• ETF Bitcoin purchases remain near zero, and stablecoin liquidity growth is still slow, both critical for a sustainable rally.
Continued demand growth from large investors and increased ETF activity are needed to support higher price levels. Without these, the price rally may face challenges.
For more details, see our Weekly Report.
Crypto Weekly Report | @cryptoquant_official
Key insights:
• Short-term holders are selling at low or negative profits, reducing selling pressure.
• Bitcoin balances at OTC desks have stabilized, indicating less supply entering the market.
• Bitcoin miners are facing extremely low profitability, often correlating with price bottoms.
• Demand from permanent holders and large investors is stabilizing but needs to accelerate to sustain the rally.
• ETF Bitcoin purchases remain near zero, and stablecoin liquidity growth is still slow, both critical for a sustainable rally.
Continued demand growth from large investors and increased ETF activity are needed to support higher price levels. Without these, the price rally may face challenges.
For more details, see our Weekly Report.
Crypto Weekly Report | @cryptoquant_official
STH Realized Price: Will 61.5k be strong support?
“$61.51k is about 5.09k different from the current price ($66.6k), which has narrowed the gap considerably compared to early April when there was a 9k difference.” – Link
By Yonsei_dent | @cryptoquant_official
“$61.51k is about 5.09k different from the current price ($66.6k), which has narrowed the gap considerably compared to early April when there was a 9k difference.” – Link
By Yonsei_dent | @cryptoquant_official
Bitcoin: Surge in Stablecoin Deposits
“The number of spot exchange stablecoin deposits has significantly surged over the past few days, with minimal corresponding increases in spot exchange stablecoin withdrawals.” – Link
By Phi Deltalytics | @cryptoquant_official
“The number of spot exchange stablecoin deposits has significantly surged over the past few days, with minimal corresponding increases in spot exchange stablecoin withdrawals.” – Link
By Phi Deltalytics | @cryptoquant_official
US Traders are bullish on TON
“The data highlights American investors as the most bullish on TON. Numerous orange lines indicate significant percentage changes during the US session, with the token experiencing the highest average percentage increase during this period.” – Link
By maartunn | @cryptoquant_official
“The data highlights American investors as the most bullish on TON. Numerous orange lines indicate significant percentage changes during the US session, with the token experiencing the highest average percentage increase during this period.” – Link
By maartunn | @cryptoquant_official
Bitcoin surged past $70K, going up over 6% in the last 24 hours.
Elevated premium values on Coinbase suggest robust buying pressure from US investors.
Live Chart | @cryptoquant_official
Elevated premium values on Coinbase suggest robust buying pressure from US investors.
Live Chart | @cryptoquant_official
ETH: Net Taker Volume (Binance) hits all-time-high
“In just one candle, Taker Buy Volume surpassed Taker Sell Volume by $530 million, marking the largest candle ever recorded.” – Link
By maartunn | @cryptoquant_official
“In just one candle, Taker Buy Volume surpassed Taker Sell Volume by $530 million, marking the largest candle ever recorded.” – Link
By maartunn | @cryptoquant_official
The Incredible Rally of Toncoin Among the Top 20 Cryptocurrencies
“Among the top 20 cryptocurrencies, Toncoin has quickly advanced to rank among the top 3 in cumulative returns over the past year.” – Link
By joaowedson | @cryptoquant_official
“Among the top 20 cryptocurrencies, Toncoin has quickly advanced to rank among the top 3 in cumulative returns over the past year.” – Link
By joaowedson | @cryptoquant_official
Short squeeze drives biggest liquidation event since 2022 on Bitcoin
“During the day, around US$259 million in sales contracts were liquidated, which ended up generating significant cash buying pressure.” – Link
By caueconomy | @cryptoquant_official
“During the day, around US$259 million in sales contracts were liquidated, which ended up generating significant cash buying pressure.” – Link
By caueconomy | @cryptoquant_official
Ethereum’s Price Surge: Key Drivers Analyzed
The anticipation of an Ethereum ETF approval and intense spot buying on Coinbase are key factors behind the recent Ethereum price rally.
Here’s a breakdown of the data insights:
• A significant uptick in deposit transactions to Coinbase was observed just before the price surge, suggesting increased demand for Ethereum as more buyers engaged in spot purchases and moved funds across exchanges.
• The Coinbase Premium Index spiked to 0.15, indicating heightened demand specifically on Coinbase, which points to a robust buyer interest.
• Notably, Coinbase’s Ethereum spot trading volume soared from 127.2M to 1.1B, nearly a 9-fold increase in just one day. Additionally, Coinbase’s share of the Ethereum trading volume among major exchanges rose significantly by 5.53%, from 5.83% to 11.36%.
• Monitoring shifts in the ETHE premium can offer insights into institutional demand, further reflecting the potential ETF approval’s impact.
For live updates, check out our dashboard.
Live Dashboard | @cryptoquant_official
The anticipation of an Ethereum ETF approval and intense spot buying on Coinbase are key factors behind the recent Ethereum price rally.
Here’s a breakdown of the data insights:
• A significant uptick in deposit transactions to Coinbase was observed just before the price surge, suggesting increased demand for Ethereum as more buyers engaged in spot purchases and moved funds across exchanges.
• The Coinbase Premium Index spiked to 0.15, indicating heightened demand specifically on Coinbase, which points to a robust buyer interest.
• Notably, Coinbase’s Ethereum spot trading volume soared from 127.2M to 1.1B, nearly a 9-fold increase in just one day. Additionally, Coinbase’s share of the Ethereum trading volume among major exchanges rose significantly by 5.53%, from 5.83% to 11.36%.
• Monitoring shifts in the ETHE premium can offer insights into institutional demand, further reflecting the potential ETF approval’s impact.
For live updates, check out our dashboard.
Live Dashboard | @cryptoquant_official
Could Huge Ethereum Netflows from Coinbase Be Related to Spot ETF Approval?
“Unknown investors in the US have bought more than $400 million worth of Ethereum on three different days in 2024.” – Link
By burakkesmeci | @cryptoquant_official
“Unknown investors in the US have bought more than $400 million worth of Ethereum on three different days in 2024.” – Link
By burakkesmeci | @cryptoquant_official