The Bitcoin Halving is approaching, and BTC demand has dropped.
Let's look into the reasons for this.
Traders in the perpetual futures market are locking in gains amid increased volatility and geopolitical concerns.
Additionally, there is a noticeable slowdown in Bitcoin acquisition by large holders and ETFs, likely due to market uncertainties and upcoming structural changes from the halving.
However, the recent sell-off has reset traders’ unrealized profits, historically a signal of a potential market bottom in bull cycles.
Market participants seem to be recalibrating their positions, leading to a decrease in immediate demand and price stabilization.
See our weekly crypto report for more.
Weekly Report | @cryptoquant_official
Let's look into the reasons for this.
Traders in the perpetual futures market are locking in gains amid increased volatility and geopolitical concerns.
Additionally, there is a noticeable slowdown in Bitcoin acquisition by large holders and ETFs, likely due to market uncertainties and upcoming structural changes from the halving.
However, the recent sell-off has reset traders’ unrealized profits, historically a signal of a potential market bottom in bull cycles.
Market participants seem to be recalibrating their positions, leading to a decrease in immediate demand and price stabilization.
See our weekly crypto report for more.
Weekly Report | @cryptoquant_official
The Bitcoin Halving has been completed, reducing miner rewards from 6.25 to 3.125 BTC.
The halving only comes once every four years. Therefore, we are launching a Bitcoin discount event!
We’re halving our prices, giving up to a 50% discount for the first 313 users.
Don't miss out.
Secure Your Seat Now | @cryptoquant_official
The halving only comes once every four years. Therefore, we are launching a Bitcoin discount event!
We’re halving our prices, giving up to a 50% discount for the first 313 users.
Don't miss out.
Secure Your Seat Now | @cryptoquant_official
Miners are extremely overpaid
“Following the Halving event, the transaction fees for Bitcoin reached an all-time high, totaling over $80M.” – Link
By IT Tech | @cryptoquant_official
“Following the Halving event, the transaction fees for Bitcoin reached an all-time high, totaling over $80M.” – Link
By IT Tech | @cryptoquant_official
Is Ethereum Ready For A Fresh Impulsive Move?
“The market appears poised for the resurgence of either long or short positions, potentially initiating a fresh and decisive market movement in either direction.” – Link
By ShayanBTC | @cryptoquant_official
“The market appears poised for the resurgence of either long or short positions, potentially initiating a fresh and decisive market movement in either direction.” – Link
By ShayanBTC | @cryptoquant_official
Bitcoin transaction fees reached all-time-high
“Exceeding US$128 on average, on-chain movement fees reached the highest value in their history.” – Link
By caueconomy | @cryptoquant_official
“Exceeding US$128 on average, on-chain movement fees reached the highest value in their history.” – Link
By caueconomy | @cryptoquant_official
Long-term holders are taking profits
“Such patterns hint at the likelihood of long-term investors capitalizing on price ascents to realize profits, shedding light on the possible impacts of such profit-taking on market conditions.” – Link
By Woominkyu | @cryptoquant_official
“Such patterns hint at the likelihood of long-term investors capitalizing on price ascents to realize profits, shedding light on the possible impacts of such profit-taking on market conditions.” – Link
By Woominkyu | @cryptoquant_official
We go live today with Bob Burnett of Barefoot Mining!
Bob will be sharing his insights on pioneering sustainable and off-grid mining solutions.
What you’ll learn:
• Technical advancements in Bitcoin mining.
• Environmental and economic impacts post-halving.
• Sustainable mining practices.
• How miners are adapting to decreased rewards.
Join us today at 11am ET – Limited availability.
Register Now | @cryptoquant_official
Bob will be sharing his insights on pioneering sustainable and off-grid mining solutions.
What you’ll learn:
• Technical advancements in Bitcoin mining.
• Environmental and economic impacts post-halving.
• Sustainable mining practices.
• How miners are adapting to decreased rewards.
Join us today at 11am ET – Limited availability.
Register Now | @cryptoquant_official
The Bitcoin Halving occurs just once every four years, and to celebrate, we're launching our biggest discount event ever!
⁃ Get 25% off our Annual Advanced Plans
⁃ Enjoy a massive 50% off our Annual Professional Plans
This exclusive offer is limited to the first 313 users only!
Get your Discount | @cryptoquant_official
⁃ Get 25% off our Annual Advanced Plans
⁃ Enjoy a massive 50% off our Annual Professional Plans
This exclusive offer is limited to the first 313 users only!
Get your Discount | @cryptoquant_official
Understanding the Impact: Bitcoin Halving and Puell Multiple Dynamics
“With a reduced daily average supply, there may be potentially less selling pressure from miners, which could have implications for prices and network activity.” – Link
By joaowedson | @cryptoquant_official
“With a reduced daily average supply, there may be potentially less selling pressure from miners, which could have implications for prices and network activity.” – Link
By joaowedson | @cryptoquant_official
Movement of trend holders from a quarterly perspective is starting to resurge
“Movement of this entity can be seen as data for volatility confirmation rather than for price increases or decreases. It appears that volatility is likely to emerge soon.” – Link
By Mignolet | @cryptoquant_official
“Movement of this entity can be seen as data for volatility confirmation rather than for price increases or decreases. It appears that volatility is likely to emerge soon.” – Link
By Mignolet | @cryptoquant_official
Unrealized Whales' Profits
“Highlights a significant rise in long-term whales's unrealized profits, suggesting they're holding onto their positions and could impact the market if they start taking profits.” – Link
By Woominkyu | @cryptoquant_official
“Highlights a significant rise in long-term whales's unrealized profits, suggesting they're holding onto their positions and could impact the market if they start taking profits.” – Link
By Woominkyu | @cryptoquant_official
Bitcoin Halving Impact Analysis on Miners
After the latest Bitcoin halving, block issuance dropped from 6.26 to 3.125 BTC, slashing daily issuance to just 450 BTC. This significant change initially caused miner revenues to spike to an impressive $100M, driven by peak transaction fees linked to RUNES protocol activities.
However, this surge was brief. As excitement around RUNES waned, fees normalized, pulling miner revenues down to around $50M. The normalization coincided with a drop in RUNES' floor price, indicating a decrease in market interest.
Despite a consistently high network hashrate of 617 EH/s, hashprice has seen a significant fall, putting financial stress on miners. The initial boost from increased fees post-halving has evaporated, establishing a new norm of reduced daily revenues.
For an in-depth analysis on Bitcoin mining, explore to our weekly report.
Weekly Report | @cryptoquant_official
After the latest Bitcoin halving, block issuance dropped from 6.26 to 3.125 BTC, slashing daily issuance to just 450 BTC. This significant change initially caused miner revenues to spike to an impressive $100M, driven by peak transaction fees linked to RUNES protocol activities.
However, this surge was brief. As excitement around RUNES waned, fees normalized, pulling miner revenues down to around $50M. The normalization coincided with a drop in RUNES' floor price, indicating a decrease in market interest.
Despite a consistently high network hashrate of 617 EH/s, hashprice has seen a significant fall, putting financial stress on miners. The initial boost from increased fees post-halving has evaporated, establishing a new norm of reduced daily revenues.
For an in-depth analysis on Bitcoin mining, explore to our weekly report.
Weekly Report | @cryptoquant_official
Bitcoin: Surge in Whale Exchange Inflow
“This uptick potentially signifies significant profit-taking by whales amidst the 2024 Bitcoin bull run.” – Link
By Phi Deltalytics | @cryptoquant_official
“This uptick potentially signifies significant profit-taking by whales amidst the 2024 Bitcoin bull run.” – Link
By Phi Deltalytics | @cryptoquant_official
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"You can make more money with AI than you can with mining"
Join us for our Liquid Lunch episode hosted by Garrett Paymon and Julio Moreno featuring Bob Burnett, Founder & CEO of Barefoot Mining.
We unpack effects of the Bitcoin halving on the mining industry and what it means for the market.
Dive into the discussion and get ahead.
Watch Now | @cryptoquant_official
Join us for our Liquid Lunch episode hosted by Garrett Paymon and Julio Moreno featuring Bob Burnett, Founder & CEO of Barefoot Mining.
We unpack effects of the Bitcoin halving on the mining industry and what it means for the market.
Dive into the discussion and get ahead.
Watch Now | @cryptoquant_official
Detecting Selling Pressure in Bitcoin with CDD Data and Its Impact on Prices
“Without breaking this pressure, new uptrends won't emerge. The last high CDD data in the spot markets was on April 24th.” – Link
By theKriptolik | @cryptoquant_official
“Without breaking this pressure, new uptrends won't emerge. The last high CDD data in the spot markets was on April 24th.” – Link
By theKriptolik | @cryptoquant_official