CryptoQuant
126,756 προβολές
80 Δημοσιεύσεις
Δημοφιλές
Πιο πρόσφατα
💰 The peak of Bitcoin in this cycle can be expected by April 2025 - according to #CryptoQuant analysts
The market capitalization of $BTC is growing faster than its realized #Capitalization and this trend usually lasts about 2 years
#bitcoin #BTC #BlackRock
The market capitalization of $BTC is growing faster than its realized #Capitalization and this trend usually lasts about 2 years
#bitcoin #BTC #BlackRock
🔥🔥🔥 #Bitcoin’s Wild Ride: Analyst Reveals Shocking Shifts in Market Sentiments
Bitcoin Market Fluctuations and Future Outlook
- Bitcoin remains a focal point in the digital asset market, with recent developments in its futures market attracting significant attention from analysts and investors. #CryptoQuant analyst Axel Adler Jr. noted inconsistencies in market movements over the past few days, highlighting a shift in the Funding Rate and Taker orders.
Key Market Indicators
Funding Rate and Taker Orders
- Adler observed a noticeable change in Bitcoin's Funding Rate, which turned negative, while Taker orders became bullish. This reversal from the previous day’s behavior signals volatility and changing trader sentiments. A negative funding rate usually suggests downward price pressure, with short positions paying long positions. However, the bullish Taker orders indicate conflicting sentiments, contributing to increased market volatility.
Market Synchronization and Trends
- On May 16th, traders displayed a synchronized approach, leading to predictable market movements. However, recent discrepancies suggest uncertainty about Bitcoin's future direction. The futures market often reflects the sentiments of institutional and sophisticated investors. When these traders align in one direction, it typically results in clearer trends in Bitcoin’s spot market price. The current lack of synchronization suggests the market is at a crossroads, with varying trader expectations causing potential sharp price movements.
Future Outlook
- Current market dynamics highlight the complexity of Bitcoin trading. Analysts like Adler help interpret these signals, guiding investors. With the market in flux, the coming days could be pivotal in determining Bitcoin's behavior over the next few weeks, particularly if futures traders exhibit consistent patterns.
Source - blockchainreporter.net
#CryptoTrends2024 #BinanceSquareBTC $BTC
Bitcoin Market Fluctuations and Future Outlook
- Bitcoin remains a focal point in the digital asset market, with recent developments in its futures market attracting significant attention from analysts and investors. #CryptoQuant analyst Axel Adler Jr. noted inconsistencies in market movements over the past few days, highlighting a shift in the Funding Rate and Taker orders.
Key Market Indicators
Funding Rate and Taker Orders
- Adler observed a noticeable change in Bitcoin's Funding Rate, which turned negative, while Taker orders became bullish. This reversal from the previous day’s behavior signals volatility and changing trader sentiments. A negative funding rate usually suggests downward price pressure, with short positions paying long positions. However, the bullish Taker orders indicate conflicting sentiments, contributing to increased market volatility.
Market Synchronization and Trends
- On May 16th, traders displayed a synchronized approach, leading to predictable market movements. However, recent discrepancies suggest uncertainty about Bitcoin's future direction. The futures market often reflects the sentiments of institutional and sophisticated investors. When these traders align in one direction, it typically results in clearer trends in Bitcoin’s spot market price. The current lack of synchronization suggests the market is at a crossroads, with varying trader expectations causing potential sharp price movements.
Future Outlook
- Current market dynamics highlight the complexity of Bitcoin trading. Analysts like Adler help interpret these signals, guiding investors. With the market in flux, the coming days could be pivotal in determining Bitcoin's behavior over the next few weeks, particularly if futures traders exhibit consistent patterns.
Source - blockchainreporter.net
#CryptoTrends2024 #BinanceSquareBTC $BTC
🔔 It looks like the bull cycle of #BTC might end by April 2025.
This is the opinion of Ki Young Ju, head of #CryptoQuant . He notes that $BTC 's market capitalization is growing faster than its realized capitalization... and such a trend usually lasts about two years.
So, if this pattern continues, we can say that we are now in the middle of a #BullCycle 🤨
#MemeWatch2024 #CMEBitcoinSpotTrading
This is the opinion of Ki Young Ju, head of #CryptoQuant . He notes that $BTC 's market capitalization is growing faster than its realized capitalization... and such a trend usually lasts about two years.
So, if this pattern continues, we can say that we are now in the middle of a #BullCycle 🤨
#MemeWatch2024 #CMEBitcoinSpotTrading
🤑 #CryptoQuant : the STHRP Profit/Loss Margin indicator reveals that short-term bitcoin holders are currently sitting on profits of 70% in their holdings. This level of unrealized $BTC profits is the highest in the past three years!
📊 $BTC #CryptoQuant : 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.
🤔 #CryptoQuant : Currently, $BTC has reached the peak of the 2021 bull market and is digesting profit realization volume. After a correction or sideways period of about 1-2 months, we are likely to see another strong rise.
Bitcoin Realized Net Profit on-chain data indicates the size of profit/loss realized at that price range.
Bitcoin Realized Net Profit on-chain data indicates the size of profit/loss realized at that price range.
📊 #CryptoQuant : Even though most of the supply is in profit, $BTC distribution has not yet begun and we are far from it. Long term holders are barely moving.
Is the bull run starting? Bitcoin whales come alive! It's time for huge gains!
#Bitcoin whales are coming back to life, and the same goes for older bitcoins. Is this a confirmation of the initial phase of a bull run? The analytical platform #CryptoQuant has alerted that Bitcoin whales are resurfacing, which it perceives as a highly positive signal for the future price movement of Bitcoin.
An analyst from the mentioned on-chain Bitcoin data tracking platform called SignalQuant pointed out that the unspent transaction outputs (UTXOs) associated with major players, the whales, are increasing this year, which is a traditional indication of the confirmation of a bull market. In this context, whales refer to addresses holding from 1000 #BTC to 10,000 BTC.
A simple explanation of UTXO: Let's imagine you have 5 bitcoins and want to send 2 bitcoins to someone else. This transaction on the Bitcoin blockchain will involve using all 5 bitcoins, where 2 bitcoins go to the recipient and 3 bitcoins return to you. These remaining 3 bitcoins become new UTXOs that you can use in the future.
SignalQuant specifically highlighted the UTXO Value Bands indicator, which illustrates that whale activity in 2023 is gradually reawakening after a significant slowdown in the second half of 2022.
On the attached graph, it also showed a similar pattern at the beginning of the previous bull run – first, a decline in whale activity, followed by a resurgence that gradually escalated. "If these indicators continue to increase, we can be sure that the price at the end of 2022 was a long-term bottom, and the price will continue to rise," the analyst stated.
UTXO Value Bands
The activity of whales is also supported by on-chain data from Santiment and Glassnode from the previous week. These data revealed an increase in the number of bitcoins on their addresses and an overall growth in their quantity. The activity of older addresses is also on the rise.
Bitcoin whales
Another interesting on-chain indicator is the Value Days Destroyed (VDD) metric, which hints at whether younger or older bitcoins are currently moving in terms of their holding time. In simplified terms, if someone holds BTC for, let's say, 5 years and then moves it, the VDD chart will be impacted much more significantly than the movement of bitcoins held for 10 days.
EntitiesWhales
From the current VDD data, it can be deduced that older bitcoins have started moving compared to the previous month, which was a typical occurrence at the beginning of previous bitcoin bull cycles in 2013, 2016, and 2019. "Increased on-chain spending volume indicates where we are in the cycle. History doesn't repeat, but it often rhymes," remarked analyst Peter Swift from Look Into Bitcoin.
LookInToBTC
Greed fades away from the market Finally, let's take a look at the Fear and Greed Index, which indicates that Bitcoin has "cooled off" and entered the "neutral zone."
This may not be bad news, as previously, when Bitcoin was close to new yearly highs around the $32,000 mark, it was in the "greed zone."
This indicator works inversely – when it shows that the market is in a state of greed, it is usually a good time to sell, and conversely, when there is fear in the market, it represents a good investment opportunity.
Which projects can benefit from the beginning of a bull run?
During a bull run, various projects and assets in the cryptocurrency space can benefit from the sudden and significant price growth. Investors show increased interest in cryptocurrencies and blockchain projects, which can boost their growth and development. Some of the projects and assets that can benefit from the beginning of a bull run include:
Bitcoin (BTC): As the most well-known and first cryptocurrency in the market, Bitcoin typically experiences strong growth during a bull run. Investors often view Bitcoin as "digital gold" and seek it as a store of value during times of increased market volatility.
Ethereum (ETH): Ethereum is the second-largest cryptocurrency in the market and serves as a platform for launching decentralized applications and smart contracts. During a bull run, Ethereum can be in demand due to its wide range of use cases.
#SpaceCatch This unique gaming project is slowly approaching the presale phase, and over the next few months, it will likely experience tremendous popularity and growth. Its distinctive technology, combining augmented reality, blockchain, sustainable tokenomics, and NFTs, has been hailed by many experts as the "PokemonGo killer." We believe that the experienced team behind SpaceCatch will leverage its potential and offer us a 1000x profit. Given the very low market capitalization during the presale and the similarly low fully diluted market cap, we can truly expect this.
DeFi Projects: Decentralized Finance (DeFi) projects provide financial services and products without the need for traditional financial institutions. During a bull run, DeFi projects may experience increased interest and success as they offer new and innovative approaches to finance.
NFTs (Non-Fungible Tokens): NFTs are unique digital assets that have gained significant popularity recently. During a bull run, NFT projects offering original art, collectibles, and digital collections may see increased demand.
Blockchain Platforms: Projects offering blockchain platforms with improved scalability, speed, and security may be sought after during a bull run as these technologies can support the growth of the cryptocurrency ecosystem.
It is essential to note that bull runs come with high market volatility and the risk of uncorrelated price movements. Investments in cryptocurrencies and blockchain projects always carry risks, so conducting thorough research and consulting with financial experts before making any investments is advisable.
Don't forget to follow us for more information from the world of cryptocurrencies🔔
An analyst from the mentioned on-chain Bitcoin data tracking platform called SignalQuant pointed out that the unspent transaction outputs (UTXOs) associated with major players, the whales, are increasing this year, which is a traditional indication of the confirmation of a bull market. In this context, whales refer to addresses holding from 1000 #BTC to 10,000 BTC.
A simple explanation of UTXO: Let's imagine you have 5 bitcoins and want to send 2 bitcoins to someone else. This transaction on the Bitcoin blockchain will involve using all 5 bitcoins, where 2 bitcoins go to the recipient and 3 bitcoins return to you. These remaining 3 bitcoins become new UTXOs that you can use in the future.
SignalQuant specifically highlighted the UTXO Value Bands indicator, which illustrates that whale activity in 2023 is gradually reawakening after a significant slowdown in the second half of 2022.
On the attached graph, it also showed a similar pattern at the beginning of the previous bull run – first, a decline in whale activity, followed by a resurgence that gradually escalated. "If these indicators continue to increase, we can be sure that the price at the end of 2022 was a long-term bottom, and the price will continue to rise," the analyst stated.
UTXO Value Bands
The activity of whales is also supported by on-chain data from Santiment and Glassnode from the previous week. These data revealed an increase in the number of bitcoins on their addresses and an overall growth in their quantity. The activity of older addresses is also on the rise.
Bitcoin whales
Another interesting on-chain indicator is the Value Days Destroyed (VDD) metric, which hints at whether younger or older bitcoins are currently moving in terms of their holding time. In simplified terms, if someone holds BTC for, let's say, 5 years and then moves it, the VDD chart will be impacted much more significantly than the movement of bitcoins held for 10 days.
EntitiesWhales
From the current VDD data, it can be deduced that older bitcoins have started moving compared to the previous month, which was a typical occurrence at the beginning of previous bitcoin bull cycles in 2013, 2016, and 2019. "Increased on-chain spending volume indicates where we are in the cycle. History doesn't repeat, but it often rhymes," remarked analyst Peter Swift from Look Into Bitcoin.
LookInToBTC
Greed fades away from the market Finally, let's take a look at the Fear and Greed Index, which indicates that Bitcoin has "cooled off" and entered the "neutral zone."
This may not be bad news, as previously, when Bitcoin was close to new yearly highs around the $32,000 mark, it was in the "greed zone."
This indicator works inversely – when it shows that the market is in a state of greed, it is usually a good time to sell, and conversely, when there is fear in the market, it represents a good investment opportunity.
Which projects can benefit from the beginning of a bull run?
During a bull run, various projects and assets in the cryptocurrency space can benefit from the sudden and significant price growth. Investors show increased interest in cryptocurrencies and blockchain projects, which can boost their growth and development. Some of the projects and assets that can benefit from the beginning of a bull run include:
Bitcoin (BTC): As the most well-known and first cryptocurrency in the market, Bitcoin typically experiences strong growth during a bull run. Investors often view Bitcoin as "digital gold" and seek it as a store of value during times of increased market volatility.
Ethereum (ETH): Ethereum is the second-largest cryptocurrency in the market and serves as a platform for launching decentralized applications and smart contracts. During a bull run, Ethereum can be in demand due to its wide range of use cases.
#SpaceCatch This unique gaming project is slowly approaching the presale phase, and over the next few months, it will likely experience tremendous popularity and growth. Its distinctive technology, combining augmented reality, blockchain, sustainable tokenomics, and NFTs, has been hailed by many experts as the "PokemonGo killer." We believe that the experienced team behind SpaceCatch will leverage its potential and offer us a 1000x profit. Given the very low market capitalization during the presale and the similarly low fully diluted market cap, we can truly expect this.
DeFi Projects: Decentralized Finance (DeFi) projects provide financial services and products without the need for traditional financial institutions. During a bull run, DeFi projects may experience increased interest and success as they offer new and innovative approaches to finance.
NFTs (Non-Fungible Tokens): NFTs are unique digital assets that have gained significant popularity recently. During a bull run, NFT projects offering original art, collectibles, and digital collections may see increased demand.
Blockchain Platforms: Projects offering blockchain platforms with improved scalability, speed, and security may be sought after during a bull run as these technologies can support the growth of the cryptocurrency ecosystem.
It is essential to note that bull runs come with high market volatility and the risk of uncorrelated price movements. Investments in cryptocurrencies and blockchain projects always carry risks, so conducting thorough research and consulting with financial experts before making any investments is advisable.
Don't forget to follow us for more information from the world of cryptocurrencies🔔
📊 $BTC #CryptoQuant : It is important to remember that before each halving there is a correction. In the second halving, the price fell by 40.36%, and in the third - by 20.35%. At the moment, the price has corrected by 16.65%, which is a normal and expected phenomenon.
📊 $BTC #CryptoQuant : Bitcoin selling pressure from traders may be declining as unrealized profit margins are basically zero now.
Traders' realized price (pink line) has acted as support for prices during a bull market and it's now at ~$60K.
Traders' realized price (pink line) has acted as support for prices during a bull market and it's now at ~$60K.
📊 #CryptoQuant . $BTC bearish divergence is complete: unrealized profits of short-term BTC holders fall, but the price of BTC rises.
📊 $BTC #CryptoQuant : SmartMoney realizes profits and sells.
Current position of BTC is not considered the optimal entry point for a purchase. There is a suspicion that price correction can happen at any time from this point, given the high probability indicated by the current SOPR ratio.
It is wise to watch for SOPR falling below 1, which indicates a shift to #FOMO (stupid money) buying followed by loss selling as an opportunity to enter the market.
Current position of BTC is not considered the optimal entry point for a purchase. There is a suspicion that price correction can happen at any time from this point, given the high probability indicated by the current SOPR ratio.
It is wise to watch for SOPR falling below 1, which indicates a shift to #FOMO (stupid money) buying followed by loss selling as an opportunity to enter the market.
📊 #CryptoQuant : $BTC 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)
Currently, demand growth is around the highest ever (11% MoM)
📊 $BTC #CryptoQuant : The BTC price on Coinbase premium has turned negative, signaling bearish sentiment in the US.
#RichardTeng Ethereum (ETH) Sees “Systemic Buying,” Analyst Claims
Maarten Regterschot, a #CryptoQuant contributing analyst, pointed out a significant trend in the Ethereum (ETH) market.
His observations reveal a "systemic buying" pattern in Ethereum futures that is characterized by a noticeable increase in open interest.
Specifically, Ethereum futures have seen an addition of $700 million so far, indicating a strategic accumulation of assets over a period.
Understanding TWAP-buying
TWAP, or time-weighted average price, is a strategic approach employed primarily by large-scale traders or institutional investors.
It involves spreading out the purchase of assets over a specified period to achieve an advantageous average price, thus reducing the impact on the market price.
The recent development could signal a bullish sentiment among major investors and could potentially influence Ethereum's market trajectory.
Ethereum ($ETH ) price nears key support level
Ethereum's current trading pattern is of particular interest as it approaches a key support level, identified around $1,925.
Support levels are crucial in trading, signifying a price point where a downward trend could pause due to increased demand.
Despite recent price swings, with Ethereum oscillating between $1,940 and $2,018, it has notably stayed above the $2,000 mark at the time of reporting.
This persistence near the support level might indicate a robust market sentiment for Ethereum, presenting potential buying opportunities. However, it also raises a cautionary note since any break below this level could lead to further price declines. #hodl #Blast #WLD
Maarten Regterschot, a #CryptoQuant contributing analyst, pointed out a significant trend in the Ethereum (ETH) market.
His observations reveal a "systemic buying" pattern in Ethereum futures that is characterized by a noticeable increase in open interest.
Specifically, Ethereum futures have seen an addition of $700 million so far, indicating a strategic accumulation of assets over a period.
Understanding TWAP-buying
TWAP, or time-weighted average price, is a strategic approach employed primarily by large-scale traders or institutional investors.
It involves spreading out the purchase of assets over a specified period to achieve an advantageous average price, thus reducing the impact on the market price.
The recent development could signal a bullish sentiment among major investors and could potentially influence Ethereum's market trajectory.
Ethereum ($ETH ) price nears key support level
Ethereum's current trading pattern is of particular interest as it approaches a key support level, identified around $1,925.
Support levels are crucial in trading, signifying a price point where a downward trend could pause due to increased demand.
Despite recent price swings, with Ethereum oscillating between $1,940 and $2,018, it has notably stayed above the $2,000 mark at the time of reporting.
This persistence near the support level might indicate a robust market sentiment for Ethereum, presenting potential buying opportunities. However, it also raises a cautionary note since any break below this level could lead to further price declines. #hodl #Blast #WLD
Crypto Miners’ Bitcoin Reserves Hit Lowest Level Since May Amidst Increased Selling Pressure
Bitcoin miner reserves are at their lowest since May, indicating increased selling pressure amid December's 13% gain. #CryptoQuant data reveals a steady decline in miner reserves, with a reported sale of around 3,000 bitcoins in the past 24 hours, reducing their holdings to about 1,834,447 BTC. Despite Bitcoin's price rising from $30,000 to nearly $43,000, the reduction suggests impactful selling activities affecting market dynamics. MicroStrategy reportedly absorbed a significant portion of the sell-off, with CEO Michael Saylor announcing the acquisition of an additional 14,620 bitcoins. As the Bitcoin community approaches the April block subsidy halving, where rewards reduce to 3.125 BTC per block from 6.25 BTC, analysts anticipate a supply shock potentially driving Bitcoin prices to $160,000. The recent surge in mining difficulty to over 72 trillion suggests global acceleration in mining operations, showcasing the Bitcoin network's robustness and maturity amid market volatility. The next difficulty adjustment on January 5, 2024, will provide insights into Bitcoin mining's evolving dynamics and potential market impact.
Source - Hassan Shittu @hassan-shittu
Website - Cryptonews
#CryptoNews🔒📰🚫 #cryptocurrency #bitcoinnews #BinanceSquareBTC
Bitcoin miner reserves are at their lowest since May, indicating increased selling pressure amid December's 13% gain. #CryptoQuant data reveals a steady decline in miner reserves, with a reported sale of around 3,000 bitcoins in the past 24 hours, reducing their holdings to about 1,834,447 BTC. Despite Bitcoin's price rising from $30,000 to nearly $43,000, the reduction suggests impactful selling activities affecting market dynamics. MicroStrategy reportedly absorbed a significant portion of the sell-off, with CEO Michael Saylor announcing the acquisition of an additional 14,620 bitcoins. As the Bitcoin community approaches the April block subsidy halving, where rewards reduce to 3.125 BTC per block from 6.25 BTC, analysts anticipate a supply shock potentially driving Bitcoin prices to $160,000. The recent surge in mining difficulty to over 72 trillion suggests global acceleration in mining operations, showcasing the Bitcoin network's robustness and maturity amid market volatility. The next difficulty adjustment on January 5, 2024, will provide insights into Bitcoin mining's evolving dynamics and potential market impact.
Source - Hassan Shittu @hassan-shittu
Website - Cryptonews
#CryptoNews🔒📰🚫 #cryptocurrency #bitcoinnews #BinanceSquareBTC
📊 $BTC sellers' strength is declining, providing an opportunity for a rebound
This follows from the Net Taker Volume indicator from #CryptoQuant
This follows from the Net Taker Volume indicator from #CryptoQuant
Binance is one of the leading platforms in the crypto industry
1. Security: Cryptocurrency security is crucial, and Binance takes it seriously. They employ various security measures, such as two-factor authentication, cold storage for funds, and regular security audits, to protect user assets.2. Trading Pairs: Binance offers a wide range of trading pairs, allowing users to trade one cryptocurrency for another. These pairs can be categorized into three types: crypto-to-crypto, crypto-to-fiat, and stablecoin pairs.3. Fees: Binance charges trading fees for spot trading, which vary depending on your trading volume and whether you hold BNB (Binance Coin), their native cryptocurrency. BNB holders can enjoy reduced trading fees.4. Liquidity: Binance is known for its high liquidity, meaning there is a large volume of buyers and sellers on the platform. This ensures that you can easily buy or sell cryptocurrencies at competitive prices.5. Binance Coin (BNB): BNB is the native cryptocurrency of Binance. It can be used to pay for trading fees, participate in token sales, and more. BNB has gained popularity and utility within the Binance ecosystem.6. Binance Launchpad: Binance Launchpad is a platform for token sales and initial coin offerings (ICOs). It provides a way for projects to raise funds and for users to participate in promising token sales.Remember, the cryptocurrency market is highly volatile, and it's important to do thorough research and exercise caution when trading or investing. It's always a good idea to stay updated with the latest news and developments in the crypto space.#Write2Earn #bainance #CryptoQuant $BNB $BTC $ETH
