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Fund Market Premium's Role in Bitcoin's Performance
" If this metric persists in its upward trend and the price of Bitcoin surpasses the critical level of $32,000, it could trigger a substantial price surge."
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by Tarekonchain | @cryptoquant_official
STH Cost Basis based on UTXO Age Bands - Possibly support at $28k?
"Considering that the STH cost basis: of $27.9k derived from today's analysis is very close to the existing resistance, it appears that the transition from Resistance → Support is taking place. However, the Realized Cap dominance of the 0d~6m Age bands was 29.7% at August but has now decreased significantly to 26.3%."
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by Yonsei_dent | @cryptoquant_official
The Next Wave of Bitcoin Institutional Adoption: The Launch of Spot ETFs
- SPOT ETFS AS THE NEW WAY OF INSTITUTIONAL ADOPTION.
- IMPLICATIONS OF ETF APPROVALS FOR BITCOIN MARKET CAPITALIZATION.
Prepared by our Head of Research, Julio Moreno.
Click to Read | @cryptoquant_official
Monitoring the Bitcoin network metrics to determine the fundamental of network and hidden demand.
"1. The drop in the Active Addresses and Transaction Count suggests that the Bitcoin network activity has decreased. This happened because there were fewer new investments coming into the crypto market, resulting in less liquidity and therefore less price volatility.
2. Additionally, the total number of Tokens Transferred shows that there hasn't been a meaningful shift between whales and institutional investors, which suggests that the chances of a rally occurring in the near future are low.
3. However, this situation is not necessarily bad: The hashrate and mining difficulty, which are indicators of BTC network fundamentals, are trending upwards and remain healthy."
by MAC_D | @cryptoquant_official
Selling Pressure from Short-Term Holders
"When the STH NUPL values are above 0, short-term holders (STH) can realize a profit by selling their coins."
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by AxelAdlerJr | @cryptoquant_official
If ‘changing hands’ of BTC is gradually completed in 2024 like 2020...
"The movement of the price and Dormancy are quite similar to those in 2019 when the market went from the bottom to the recovery period."
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by Yonsei_dent | @cryptoquant_official
Introducing Search Updates 🔍
CryptoQuant now offers a keyword-based search tool to get all the aggregated data and insights from the CryptoQuant database.
1. Community Driven Data & Insights
Thanks to our talented data-driven users, We have over 77K+ creations of Dashboards, Queries, Customized Charts, and Quicktake Posts that are public. Simply type in the keyword in the search to get the essence of these insights.
2. Follow Your Favorite Analyst
We believe highlighting our users with content creation talent will eventually lower the hurdles of data-driven investment decisions for all. Follow all the content published by your favorite creator.
3. Holistic Coverage of Your Key Asset
Simply search for the assets that interest you on our Search tool, and you will be able to get the data & insights provided by CryptoQuant all at once.
Go Search | @cryptoquant_official
The 2021-2022 bear market base is still pressing on Bitcoin.
"Resistance from a bear market base is historically the final frontier for scaling a bull run from a technical analysis perspective."
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by BaroVirtual | @cryptoquant_official
Historic Inflow of 14,924 BTC into Kraken: A Signal for Investors?
"The influx of 14,924 BTC deserves special attention as it is the largest recorded on Kraken since 2018."
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by joaowedson | @cryptoquant_official
3 Things you need to know about MicroStrategy and Bitcoin.
1. How many Bitcoins does MicroStrategy hold?
From January 2020 to today, MicroStrategy has accumulated 158,245 $BTC. With the recent acquisition, MicroStrategy now holds 0.8% of Bitcoin's total supply.
2. How much has MicroStrategy spent on $BTC?
This latest acquisition of 5,445 BTC comes at $147 million, which sets MicroStrategy's total invested amount on Bitcoin to $4.7B.
3. Is MicroStrategy in a profit now?
Just a month ago, MicroStrategy was in an unrealized profit. However, the current value of MicroStrategy's Bitcoin sits at $4.15B. This means MicroStrategy is experiencing an unrealized loss of $550M.
Follow the details of MicroStrategy's Bitcoin Strategy in CryptoQuant.
Live Dashboard | @cryptoquant_official
Is There a possible Short Squeeze Event on the Horizon for Ethereum?
"Consistent negative funding rates can potentially trigger a cascade of short liquidations, which in turn could lead to a sudden price rebound."
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by Greatest_Trader | @cryptoquant_official
Mt. Gox delays bitcoin refunds for another year (again)🚨
"Mt. Gox's holdings currently hold approximately 138K Bitcoin (BTC), valued at approximately $3.7B at current prices, along with a similar amount of Bitcoin Cash (BCH) valued at $29M, and 69B Japanese yen. ($46.5 million)."
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by caueconomy | @cryptoquant_official
Last 30days : so many long squeeze & very few short squeeze
"The past 30 days have been the largest and most frequent period of long squeezes this year, while also being the smallest and least frequent period of short squeezes."
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by SignalQuant | @cryptoquant_official
Are the Ethereum Bull Taking Control of the Market?
"Should this metric continue its upward trajectory and venture into positive territory, it could herald the onset of a new phase characterized by bullish price action."
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by Greatest_Trader | @cryptoquant_official
BTC: Quick mid-term Price Cycle Update
1. According to the MVRV Ratio, there is a strong potential for price growth in the long term.
2. Despite the bullish big picture in the long term, the situation of short-term holders seems not interesting. When they are at a heavy disadvantage due to their sensitive nature to bitcoin price actions, The result will be a decrease in their confidence and hope in the market trend.
3. If we look at the average realized price of short term holders or the amount of money they have paid for each bitcoin, the price levels of 27.5k-29k is the break-even area of these holders' pockets.
4. The more time we spend below these price levels, the more incentive there will be to exit liquidity from the market, and the basis condition for the return of the upward trend of Bitcoin depends on the price jump above the short-term realized prices.
MVRV Ratio Chart
Realized Price Chart
by Crazzyblockk | @cryptoquant_official
BTC, potential for further rise in a short term
"Bitcoin, which has been trending upward since early 2023, mostly rebounds or rises whenever the SOPR indicator touches the lower part of the Bollinger Band."
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by Dan Lim | @cryptoquant_official
The USA whale was involved in this spot ETF approval fraud
"Bitcoin rose and immediately fell due to Cointelegraph's false Bitcoin spot ETF approval information."
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by Dan Lim | @cryptoquant_official
Exchage Stablecoins Ratio (USD) would be a positive performance?
"The formula for the exchange's stablecoin (USD) is "BTC reserve / ALL stablecoins reserve. In other words, the formula is potential selling pressure / potential buying pressure."
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by Crypto_Lion | @cryptoquant_official
The recent historical low in the Bitcoin short-term Supply:
"...the return of confidence and the level of hope among short-term holders are crucial for the long-term price growth."
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by Crazzyblockk | @cryptoquant_official
What insights can we get from Data on the Sub-1 Month Supply?
"1. Historically, the percentage of realized capitalization for this age band (1d -1m) illustrates market progression, evident in peak or trough areas, in line with market price history.
2. Data on the change in realized capitalization of this age band in USD also shows similarities
The current change in this data (in blue and green) shows an inconsistent recovery, partly due to general market sentiment, including macroeconomic and geopolitical issues."
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by BinhDang | @cryptoquant_official
200 Days Until the Halving
"As a unique asset class, bitcoin has allowed millions of retail investors to front-run institutions, however the opportunity will not last forever."
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by oinonen_t | @cryptoquant_official
Analyzing Short-Term Holder PNL & Long-Term Holder PNL: Insights from Recent Bitcoin Exchange Activity
"The short-term holders have chosen to take advantage of BTC's upward momentum, particularly the surge to $28,500."
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by onchained | @cryptoquant_official
BTC - The Bottom Has Passed But Still Attractive Price
"The attached chart shows how much people around the world were interested in Bitcoin in Google Trends, and is additionally an indicator of the proportion of Bitcoins estimated to have been purchased between 1 week and 1 month ago."
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by Dan Lim | @cryptoquant_official
Price movements have been driven by the opposite of investors' bets.
"When the bitcoin futures market's funding rate, both positive and negative, exceeds 0.025%, it can be considered an overbought and oversold point."
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by crypto sunmoon | @cryptoquant_official
Bitcoin spot trading volume drops to 6-year low🚨
"People are more interested in holding their coins, believing in their future value, than selling at the first sign of profit."
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by caueconomy | @cryptoquant_official
Bitcoin market liquidity decrease
"The trading volume of Bitcoin in the spot and futures markets is one of the most critical components for ensuring liquidity to support price growth."
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by Crazzyblockk | @cryptoquant_official
$1INCH and $DYDX Dashboard Updates
While there's a lot of chatter on social media ahead of a token unlock, it's important to remember that many factors affect token prices beyond token locks.
Monitor the following on-chain data in CryptoQuant and manage your risks
1. Foundation Wallet Address
2. Tokens Transfer Volume
3. Exchange Depositing Transactions
3. Exchange Reserve
Methodology
Check the balance changes in vesting wallets, and the following selling pressures to understand the market impact.
Use a combination of price and on-chain data to make an informed decision about your investment.
Dashboard | @cryptoquant_official
BTC: A Look into Recent Activity and Risks
Whales are accumulating
1. 1-10K sized #Bitcoin accounts of 66% of the volume to exchange inflows
2. The increase in Coinbase Premium Index shows the accumulation in the Spot exchange
Futures Market Sentiment
1. +$1B in Open Interest and the positive funding rates indicate the predominance of long traders and an optimistic sentiment
2. The increased estimated leverage creates a structure conducive to a long squeeze in the event of a sharp price drop.
― Link to the full article
by Gustavo Faria | @cryptoquant_official
Market Secrets: How LTHs Sell Coins to STHs and then Buy them Back?
1. Since the start of the year, the realized capitalization (the blue line) of STHs has risen from $79B to $114B, thus the change amounted to $35B(1.3M BTC).
2. BTC: STH LTH Net Position Realized Cap chart shows how the LTH cohort sold to STHs, and the April distribution remained steady for 6 days at a level of $10B. In other words, the LTH cohort actively sold at the 28.2K level, while the STH cohort was actively buying.
3. The STH cohort is at a loss and is capitulating, selling coins previously acquired from the LTH cohort, which LTHs are eagerly buying back at the moment.
Dashboard Link
by AxelAdlerJr | @cryptoquant_official
BTC stuck between short-term holders and long-term holders!
"We should know that STH realized price, which was a resistance level for its price throughout 2022, turned into a support level in early 2023, and recently turned into a resistance level again."
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by SignalQuant | @cryptoquant_official