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
March has Seen $913M in Net ETH Transfers to CEXs
“Despite March not yet drawing to a close, it's already set a new benchmark as the month with the most significant netflow movement of Ethereum to Centralized Exchanges since June 2022.” – Link
By OnChainSchool | @cryptoquant_official
“Despite March not yet drawing to a close, it's already set a new benchmark as the month with the most significant netflow movement of Ethereum to Centralized Exchanges since June 2022.” – Link
By OnChainSchool | @cryptoquant_official
March 22, 2024
BTC Movement over the Past 6 Months as Seen through CDD Indicators
“This pattern closely resembles the movement seen during the latter half of 2020, when the previous bull market began in earnest.” – Link
By Yonsei_dent | @cryptoquant_official
“This pattern closely resembles the movement seen during the latter half of 2020, when the previous bull market began in earnest.” – Link
By Yonsei_dent | @cryptoquant_official
March 22, 2024
Long-Term Investor Behaviour
“As we can see in the chart, the Bitcoin long-term holder SOPR (EMA 144) had more spikes since the beginning of March, which means that investors took some profits on the way as the price reached new highs.” – Link
By SimonaD | @cryptoquant_official
“As we can see in the chart, the Bitcoin long-term holder SOPR (EMA 144) had more spikes since the beginning of March, which means that investors took some profits on the way as the price reached new highs.” – Link
By SimonaD | @cryptoquant_official
March 25, 2024
Binance Flushed, Bitmex Holding
“Believe that it signals that high leveraged traders are all flushed and we have a better chance of going higher.” – Link
By BQYoutube | @cryptoquant_official
“Believe that it signals that high leveraged traders are all flushed and we have a better chance of going higher.” – Link
By BQYoutube | @cryptoquant_official
March 25, 2024
Returning to Positive
“The Coinbase Premium Index is now at a premium once again, indicating that U.S. retail and institutions are buying once more. In yesterday's trading session, the Bitcoin spot ETFs broke a five-day streak of outflows by seeing a net inflow of about $15.7 million.” – Link
By MadsEberhardt_Steno | @cryptoquant_official
“The Coinbase Premium Index is now at a premium once again, indicating that U.S. retail and institutions are buying once more. In yesterday's trading session, the Bitcoin spot ETFs broke a five-day streak of outflows by seeing a net inflow of about $15.7 million.” – Link
By MadsEberhardt_Steno | @cryptoquant_official
March 26, 2024
Bitcoin's demand is soaring, while sell-side liquidity dips, pushing liquid inventory to unprecedented lows.
It's estimated that Bitcoin's current sell-side liquidity inventory will only meet current demand growth for the next 12 months, considering only accumulating addresses.
Bitcoin Demand & Sell-side Liquidity Dashboard | @cryptoquant_official
It's estimated that Bitcoin's current sell-side liquidity inventory will only meet current demand growth for the next 12 months, considering only accumulating addresses.
Bitcoin Demand & Sell-side Liquidity Dashboard | @cryptoquant_official
March 26, 2024
Mass Stablecoin Withdrawals on Kucoin Exchange
“The exchange's reserves, in stablecoins, have decreased by more than US$100 million in the last 3 hours.” – Link
By caueconomy | @cryptoquant_official
“The exchange's reserves, in stablecoins, have decreased by more than US$100 million in the last 3 hours.” – Link
By caueconomy | @cryptoquant_official
March 26, 2024
Explore Bitcoin's next-level features with Dan Held!
Learn about how Layer 2 is changing the game for Bitcoin, making it faster and ready for the future. This is your chance to level up your knowledge on Layer 2s in our interactive webinar. Join us!
🗓 Date: March 28th
🕛 Time: 12pm ET
Register Now | @cryptoquant_official
Learn about how Layer 2 is changing the game for Bitcoin, making it faster and ready for the future. This is your chance to level up your knowledge on Layer 2s in our interactive webinar. Join us!
🕛 Time: 12pm ET
Register Now | @cryptoquant_official
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March 27, 2024
Robust Accumulation by Bitcoin Short-term Holders
“Based on this metric, now 50% of the realized Bitcoin cap belongs to short-term holders, who tend to hold onto their Bitcoins for longer periods.” – Link
By Crazzyblockk | @cryptoquant_official
“Based on this metric, now 50% of the realized Bitcoin cap belongs to short-term holders, who tend to hold onto their Bitcoins for longer periods.” – Link
By Crazzyblockk | @cryptoquant_official
March 27, 2024