CryptoQuant
56.1K subscribers
2.57K photos
17 videos
2.21K links
Realtime Alerts: @cryptoquant_alert
Live Charts: cryptoquant.com

Translation Channel
한국어| @cryptoquant_kr
Türkçe| @cryptoquant_turkish
Tiếng Việt | @cryptoquant_vn
Download Telegram
Analyzing Ethereum's Futures market Sentiment: Is A Renewed Bullish Surge Coming?

“Considering these metrics, the market appears poised for another significant move in the mid-term, with the potential for long positions to be reinstated in the perpetual market. This suggests a favourable outlook for Ethereum's price trajectory” – Link

By ShayanBTC | @cryptoquant_official
Bitcoin demand growth seems to be a major driver of higher prices post-halving.

In past cycles, Bitcoin demand growth from large holders/whales (violet area) has spiked, fueling the price rally.

Currently, demand growth is around the highest ever (11% MoM).

Live Dashboard | @cryptoquant_official
This media is not supported in your browser
VIEW IN TELEGRAM
Discover how Layer 2 solutions are making Bitcoin faster and ready for the future.

Dan Held breaks it all down for us. If you're curious about the next big thing in crypto, this one's for you.

You can watch the full episode on YouTube now.

Watch Now | @cryptoquant_official
Analysis of Bitcoin Price, Volatility and Coinbase Premium Index since Bitcoin Spot ETF's Approval

“Since January 10, 2024, CPI has been the most significant factor driving Bitcoin's price increase.” – Link

By burakkesmeci | @cryptoquant_official
The peak of a bull market is determined by the influx of new investors

“Even conservatively, we can expect that the market has not yet reached its peak, and since we can now expect additional inflows from US spot Bitcoin ETFs, we could see a sharp further rise in Bitcoin in 2024.” – Link

By Crypto Dan | @cryptoquant_official
Introducing Our Latest Blockchain Analytics Feature!

Enhance your analysis beyond simple wallet tracking. With our new feature, you have the power to monitor institutions, whales, and miners in unparalleled detail.

Simplify Your Analysis: Our Cohort tool makes it easy to track whales, ETFs, and accumulating addresses. Use preset cohorts for effortless monitoring and deep insights into blockchain's key segments.

Custom Cohorts, Tailored Insights: Simply import your own addresses for personalized clustering. Dive into metrics like PnL for insights that cater to your unique interests, all with easy customization.

Visualize Like Never Before: Our tool not only allows you to create custom cohorts but also offers extensive options to customize your visualizations. Tailor everything to fit your analysis.

For a limited time only, enjoy free access. Don't miss out on actionable, data-driven insights.

Start Creating Cohorts | @cryptoquant_official
The market is still hot, could more price correction come to Bitcoin before a new ATH?

“It's a dangerous price region for leveraged traders and if pressured could trigger a deeper correction breaking the current price structure.” – Link

By G a a h | @cryptoquant_official
Bitcoin's Surge in Demand Takes Center Stage

As we approach the next Bitcoin halving, it's clear the market dynamics are evolving. Traditionally, halvings have signaled potential price increases as the rate of new Bitcoin entering circulation is halved. However, the impact of these events may be lessening as these new issuances become a smaller fraction of the total available Bitcoin.

Key Observations

Diminishing Impact: The influence of halvings on Bitcoin's price is reducing over time as the effect of new Bitcoin issuance decreases in significance compared to activities by long-term holders.

Whale Activity: Demand from large Bitcoin holders (whales) has surged, recording an 11% increase month-over-month – the highest ever.

Permanent Holders: The acquisition of Bitcoin by permanent holders is now outpacing the rate of new Bitcoin being mined, indicating a robust demand-driven market.

Forward Outlook

The shift in dynamics suggests that demand factors, driven by both whales and long-term holders, are becoming increasingly pivotal compared to traditional supply cuts. See our real-time dashboard for all the demand trends.

Live Dashboard | @cryptoquant_official
Back to December 2020

“It seems there is room for a more significant rise in this cycle as liquidity expands with the increasing greed of STHs and experienced investors gradually realizing their profits.” – Link

By Gustavo Faria | @cryptoquant_official
Bitcoin recently dropped from $71k to $65k.

If the correction persists, keep an eye on key metrics like traders' unrealized profit margins and the realized price.

These have signaled weakness since late March.

Live Dashboard | @cryptoquant_official
Bitcoin Price Above STH Whales' Realized Price

“This indicates strong demand for Bitcoin, while also highlighting the greater returns of long-term investment.” – Link

By tugbachain | @cryptoquant_official
Why is there still a high probability of more price correction in Bitcoin?

“The Bitcoin price has risen by more than 300% since the last time the market was discounted, and in all the brief 20% corrections along the way there hasn't been a premium period like now.” – Link

By G a a h | @cryptoquant_official
Pre-Halving Price Fluctuations

“It's essential to recognize that before each halving cycle, there's typically a price collapse, a pattern we've highlighted numerous times in the past.” – Link

By Tarekonchain | @cryptoquant_official
Why Should You Be Cautious? feat. MVRV

“The market is still at an MVRV level of 2.23, which is more than double the average on-chain purchase price. If a similar pattern to the past occurs, a correction of around -20% is possible.” – Link

By CoinLupin | @cryptoquant_official
Bitcoin in Accumulation Phase Ahead of Halving

Bitcoin withdrawals from exchanges have reached their highest level since January 2023, suggesting a major phase of accumulation. Alongside this, market metrics indicate a recent cool-off following a 10% price drop last week, pointing to potential for upcoming price increases.

CryptoOnchain highlights that the increase in Bitcoin withdrawals might be in preparation for the expected halving on April 20, often linked with anticipatory holding for price gains.

Burak Kesmeci notes a decrease in open interest on derivatives exchanges from $18 billion to $14.2 billion, indicating less leveraged trading and possibly leading to market stabilization.

CoinLupin points out that Bitcoin is now in the Short-Term Holder Spent Output Profit Ratio (STH SOPR) support zone, offering a potential buying opportunity as short-term holders start to sell, historically preceding price rises.

Live Dashboard | @cryptoquant_official