Bitcoin has blown past 70k. It’s gone up +10% in the last seven days and hit a new ATH.
One thing to track is Bitcoin inflows into accumulation addresses.
This is a signal of growing demand from investors. Which has been at high levels, especially this year. – Link
Dashboard by Ki Young Ju | @cryptoquant_official
One thing to track is Bitcoin inflows into accumulation addresses.
This is a signal of growing demand from investors. Which has been at high levels, especially this year. – Link
Dashboard by Ki Young Ju | @cryptoquant_official
Crypto Market Liquidity Surges, Surpasses All-Time High
“The increase in stablecoin supply can indicate purchase demand not only for Bitcoin but also for other coins, and to that extent, the current market atmosphere can be interpreted as positive.” – Link
By Crypto Dan | @cryptoquant_official
“The increase in stablecoin supply can indicate purchase demand not only for Bitcoin but also for other coins, and to that extent, the current market atmosphere can be interpreted as positive.” – Link
By Crypto Dan | @cryptoquant_official
It's Happening Again This Time as Well
“We are seeing a strong price surge once again as it breaks through the accumulation zone.” – Link
By Mignolet | @cryptoquant_official
“We are seeing a strong price surge once again as it breaks through the accumulation zone.” – Link
By Mignolet | @cryptoquant_official
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Join the movement to put a Bitcoin emoji on keyboards across the globe.
A symbol for our united vision, its global influence, and profound cultural impact, this movement further cements Bitcoin in the mainstream.
Sign the Bitcoin Emoji petition: bitcoinemoji.org
Leverage, Leverage, Leverage
“The appetite for leverage is through the roof. It is often not a good sign when every single trader agrees that the market is going higher and uses leverage to back their conviction.” – Link
By MadsEberhardt_Steno | @cryptoquant_official
“The appetite for leverage is through the roof. It is often not a good sign when every single trader agrees that the market is going higher and uses leverage to back their conviction.” – Link
By MadsEberhardt_Steno | @cryptoquant_official
BTC Distribution Hasn't Started Yet, we Are Far From it
“BTC % supply in profit over 99%. It can last that way for months in bullmarkets with pullbacks in the middle. We are just getting started.” – Link
By elcryptotavo | @cryptoquant_official
“BTC % supply in profit over 99%. It can last that way for months in bullmarkets with pullbacks in the middle. We are just getting started.” – Link
By elcryptotavo | @cryptoquant_official
Spot ETFs are driving significant demand for Bitcoin, as seen by transfers of assets out of Coinbase to storage wallets.
As long as more Bitcoins are leaving exchanges than entering, it could be harder to find bitcoins to buy, which can lead to a supply shock and potentially drive up prices.
Live Chart | @cryptoquant_official
As long as more Bitcoins are leaving exchanges than entering, it could be harder to find bitcoins to buy, which can lead to a supply shock and potentially drive up prices.
Live Chart | @cryptoquant_official
Ethereum’s Signs of Strength
“A decrease in the exchange reserves means there isn’t much selling pressure in the Ethereum market. If this steep downtrend continues, the price could go up even further.” – Link
By SimonaD | @cryptoquant_official
“A decrease in the exchange reserves means there isn’t much selling pressure in the Ethereum market. If this steep downtrend continues, the price could go up even further.” – Link
By SimonaD | @cryptoquant_official
Alpha Price Indicator: Navigating Cryptocurrency Peaks and Valleys with Precision
“This development suggests that investors should prepare for potential resistance along the way, which could set new highs for the cryptocurrency.” – Link
By joaowedson | @cryptoquant_official
“This development suggests that investors should prepare for potential resistance along the way, which could set new highs for the cryptocurrency.” – Link
By joaowedson | @cryptoquant_official
Our Chart of the Day shows Balances on Accumulation Addresses at an ATH & Bitcoin ETFs are increasing their holdings.
This indicates that more Bitcoin is being moved into and held in accumulation addresses. Suggesting a bullish outlook.
Explore Chart of the Day | @cryptoquant_official
This indicates that more Bitcoin is being moved into and held in accumulation addresses. Suggesting a bullish outlook.
Explore Chart of the Day | @cryptoquant_official
Coinbase Premium Getting Below 0
“If the premium remains negative when we get a bounce, it may signal a warning sign to the market that the US institution's stance is beginning to shift.” – Link
By BQYoutube | @cryptoquant_official
“If the premium remains negative when we get a bounce, it may signal a warning sign to the market that the US institution's stance is beginning to shift.” – Link
By BQYoutube | @cryptoquant_official
Ethereum's Dencun upgrade has recently gone live, and we're exploring the opportunities and risks.
The total supply of ETH is decreasing due to high network activity and the burning of transaction fees. At the same time, staking figures are on the rise, with 31.7 million ETH now staked, showing increasing confidence in Ethereum's future.
Ethereum's network is experiencing a surge in activity, with record-high daily transactions and ETH transfers, underlining its vibrant ecosystem.
However, the current high MVRV Ratio suggests that ETH might be overvalued, which calls for a cautiously optimistic approach.
Despite these challenges, the Dencun upgrade reinforces Ethereum's strong fundamentals. Yet, the market's recent preference for SOL over ETH signals that we might see some adjustments ahead.
Weekly Crypto Report | @cryptoquant_official
The total supply of ETH is decreasing due to high network activity and the burning of transaction fees. At the same time, staking figures are on the rise, with 31.7 million ETH now staked, showing increasing confidence in Ethereum's future.
Ethereum's network is experiencing a surge in activity, with record-high daily transactions and ETH transfers, underlining its vibrant ecosystem.
However, the current high MVRV Ratio suggests that ETH might be overvalued, which calls for a cautiously optimistic approach.
Despite these challenges, the Dencun upgrade reinforces Ethereum's strong fundamentals. Yet, the market's recent preference for SOL over ETH signals that we might see some adjustments ahead.
Weekly Crypto Report | @cryptoquant_official
BTC - short term investors took large profits
"In relation to this adjustment, if we look at the SOPR, there was a big movement related to profit realization by short-term holders who held BTC less than 5 months."
– Link
By Crypto Dan | @cryptoquant_official
"In relation to this adjustment, if we look at the SOPR, there was a big movement related to profit realization by short-term holders who held BTC less than 5 months."
– Link
By Crypto Dan | @cryptoquant_official
Allocation of Nearly 50% of Bitcoin's Realized Cap to Short-Term Holders
“This occurrence, alongside indicating a very high bullish sentiment among short-term holders, reflects a higher dominance of this capital amount in the market over the coming weeks and months.” – Link
By Crazzyblockk | @cryptoquant_official
“This occurrence, alongside indicating a very high bullish sentiment among short-term holders, reflects a higher dominance of this capital amount in the market over the coming weeks and months.” – Link
By Crazzyblockk | @cryptoquant_official
Miners' reserves hit a low not seen since April 2021, while active addresses lagged, and Bitcoin short-term holders took profits.
Let's delve into some of our analyst's insights from the last week ⬇️
Insights from CryptoOnchain revealed a significant drop in Bitcoin miners' reserves, reaching the lowest point since April 2021. This highlighted the increased selling pressure in the market. Notably, this trend has been particularly strong since November, indicating a major shift in market dynamics.
Phi Deltalytics raised concerns about a worrying trend: Bitcoin's price was on the rise, but the number of active addresses wasn't following suit.
Analysis from Crypto Dan showed that on-chain data indicated a surge in profit-taking by short-term BTC holders, a pattern similar to what we've seen at the peaks of previous bull markets. With this trend of profit realization pointing towards a critical moment for Bitcoin's price trajectory.
To view all our analyst's latest market insights, explore Quicktake.
Explore Quicktake | @cryptoquant_official
Let's delve into some of our analyst's insights from the last week ⬇️
Insights from CryptoOnchain revealed a significant drop in Bitcoin miners' reserves, reaching the lowest point since April 2021. This highlighted the increased selling pressure in the market. Notably, this trend has been particularly strong since November, indicating a major shift in market dynamics.
Phi Deltalytics raised concerns about a worrying trend: Bitcoin's price was on the rise, but the number of active addresses wasn't following suit.
Analysis from Crypto Dan showed that on-chain data indicated a surge in profit-taking by short-term BTC holders, a pattern similar to what we've seen at the peaks of previous bull markets. With this trend of profit realization pointing towards a critical moment for Bitcoin's price trajectory.
To view all our analyst's latest market insights, explore Quicktake.
Explore Quicktake | @cryptoquant_official