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
March 19, 2024
After Selloff: Next Steps for Traders & Review of Popular On-Chain Data
“Is the bull market over? There is no major indication the bull market is over. Historically, Bitcoin cycles never stopped at previous all-time highs.” – Link
By Papi | @cryptoquant_official
“Is the bull market over? There is no major indication the bull market is over. Historically, Bitcoin cycles never stopped at previous all-time highs.” – Link
By Papi | @cryptoquant_official
March 19, 2024
Current Market is Dominated by Shorts
“The historical pattern shows that after a period of dominant market shorts, Bitcoin price either moves sideways or rebounds sharply.” – Link
By SignalQuant | @cryptoquant_official
“The historical pattern shows that after a period of dominant market shorts, Bitcoin price either moves sideways or rebounds sharply.” – Link
By SignalQuant | @cryptoquant_official
March 20, 2024
The countdown is on to the Bitcoin halving.
Join our Head of Research, Julio Moreno, Bizantine Capital's March Zheng and CoinDesk's Sam Reynolds on Thursday at 11 a.m. ET to dive deep into what to expect from the markets.
Set a Reminder | @cryptoquant_official
Join our Head of Research, Julio Moreno, Bizantine Capital's March Zheng and CoinDesk's Sam Reynolds on Thursday at 11 a.m. ET to dive deep into what to expect from the markets.
Set a Reminder | @cryptoquant_official
March 20, 2024
Time to Wait Until Additional Buying Power from U.S. Institutions & Whales
“The Coinbase premium has continued to be negative since March 14th, when Bitcoin entered the adjustment period, and has continued to be negative” – Link
By Crypto Dan | @cryptoquant_official
“The Coinbase premium has continued to be negative since March 14th, when Bitcoin entered the adjustment period, and has continued to be negative” – Link
By Crypto Dan | @cryptoquant_official
March 20, 2024
Join us today on X Spaces! As we dive into the ETF boom and the Bitcoin Halving.
With CryptoQuant’s Head of Research, Julio Moreno, Bizantine Capital's March Zheng and CoinDesk's Sam Reynolds on today at 11 a.m. ET to dive deep into what to expect from the markets.
Set a Reminder | @cryptoquant_official
With CryptoQuant’s Head of Research, Julio Moreno, Bizantine Capital's March Zheng and CoinDesk's Sam Reynolds on today at 11 a.m. ET to dive deep into what to expect from the markets.
Set a Reminder | @cryptoquant_official
March 21, 2024
Will Bitcoin climb back above $70K?
Let's look into the data ⬇️
The recent rally has pushed Bitcoin to new heights, but signs of a turn are emerging.
Key metrics signal the market might be overheating, with the Bull-Bear Market Cycle Indicator in an overheated-bull phase and traders' unrealized profit margins staying high.
Traders started to sell, taking advantage of high-profit margins. This selling behavior hasn't been seen at this scale since May 2019.
Large Bitcoin holders started selling more aggressively, and miners have also been offloading their holdings as prices have soared.
Despite the correction, Bitcoin's future looks bullish. The success of Bitcoin ETFs and positive sentiment hints the bull run isn't over and there's still room for growth.
Weekly Crypto Report | @cryptoquant_official
Let's look into the data ⬇️
The recent rally has pushed Bitcoin to new heights, but signs of a turn are emerging.
Key metrics signal the market might be overheating, with the Bull-Bear Market Cycle Indicator in an overheated-bull phase and traders' unrealized profit margins staying high.
Traders started to sell, taking advantage of high-profit margins. This selling behavior hasn't been seen at this scale since May 2019.
Large Bitcoin holders started selling more aggressively, and miners have also been offloading their holdings as prices have soared.
Despite the correction, Bitcoin's future looks bullish. The success of Bitcoin ETFs and positive sentiment hints the bull run isn't over and there's still room for growth.
Weekly Crypto Report | @cryptoquant_official
March 21, 2024
Concern that Bitcoin from Long-Term Holders will be Deposited into Exchanges
“Situation this week shows that BlackRock's net inflows of Bitcoin are consistently hitting record lows. If this is just temporary, then there may not be any issues. However, if it persists, there is a possibility that long-term holders may start depositing Bitcoin into exchanges in the same way as before.” – Link
By Mignolet | @cryptoquant_official
“Situation this week shows that BlackRock's net inflows of Bitcoin are consistently hitting record lows. If this is just temporary, then there may not be any issues. However, if it persists, there is a possibility that long-term holders may start depositing Bitcoin into exchanges in the same way as before.” – Link
By Mignolet | @cryptoquant_official
March 22, 2024
Join us for an in-depth exploration of Bitcoin's Layer 2 solutions, with Dan Held.
Discover how L2 protocols are revolutionizing scalability and setting the stage for the future of Bitcoin. Don't miss out on gaining crucial insights into the blockchain ecosystem.
🗓 Date: March 28th
🕛 Time: 12pm ET
Register Now | @cryptoquant_official
Discover how L2 protocols are revolutionizing scalability and setting the stage for the future of Bitcoin. Don't miss out on gaining crucial insights into the blockchain ecosystem.
🕛 Time: 12pm ET
Register Now | @cryptoquant_official
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March 22, 2024