CryptoQuant Quicktake

Last night, we witnessed the most significant shift in trader behavior on Binance in 2025.

As tensions between Donald Trump and Elon Musk became public, particularly on the platform X, traders quickly interpreted the situation as a negative signal for the markets.

This was clearly reflected in the derivatives market, where the net taker volume on Binance dropped from $20 million to -$135 million in less than 8 hours.

This is the largest shift we have seen this year on Binance.

The net taker volume highlights the imbalance between long and short positions, giving us insight into directional sentiment.

The abrupt market reaction reveals a surge in uncertainty, as traders rushed to reposition themselves amidst the unfolding news.

This wave of activity unleashed considerable downward pressure, likely driven by a sudden pivot to risk-off behavior.

But if Bitcoin shows strength and starts climbing again, the tables could turn fast and short sellers may get squeezed, fueling a rapid reversal in momentum and triggering renewed buying interest.

Written by Darkfost

In recent days, on-chain data from CryptoQuant shows an unprecedented surge in the “total realized inflow” from bitcoin miners to exchanges. According to the latest chart, this inflow has skyrocketed to historical highs, exceeding $1 billion per day between May 19th and May 28th, 2025. This massive spike coincides with a stall or pullback in bitcoin’s price action, suggesting a significant uptick in potential sell pressure from the mining sector.

Interpretation:

Such rapid increases in miner-to-exchange inflows typically indicate a stronger willingness among miners to liquidate their holdings, which often leads to increased supply in the spot market and can trigger or exacerbate price corrections. Since miners are a key source of spot BTC liquidity, their collective behavior is an important sentiment gauge for all market participants.

Summary:

Tracking miner movements is a critical leading indicator for investors and traders. Large-scale selling by miners often results in higher short-term supply and increased price volatility. Paying close attention to these inflows—especially during historical peaks like the current phase—can help with risk management and more informed trading decisions.

Written by CryptoOnchain

BTC Funding rates on Binance have once again turned negative, even as Bitcoin remains above the $100 000 threshold.

This behavioral shift follows a sharp correction likely driven by highly publicized tensions between Donald Trump and Elon Musk.

At the time, funding rates were trending upward, approaching +0.003.

Yet, the sudden event triggered a sharp drop below -0.004, signaling a swift change in sentiment and heightened uncertainty.

This rapid reversal indicates genuine fear among market participants, many of whom seized the opportunity to trade the volatility.

As a result, we have seen a spike in short-term selling pressure.

However, if the price were to bounce back strongly, this could easily flip into buying pressure, as overleveraged short positions begin to get squeezed.

When analyzing the current market cycle, we find that such deeply negative funding rates have occurred on three key occasions, each of which preceded a significant upward move :

➡️ October 16 2023 : BTC jumped from $28 000 to $73 000

➡️ September 9 2024 : BTC jumped from $57 000 to $108 000

➡️ May 2 2025 : BTC climbed from $97 000 to $111 000

The only exception to this pattern was on March 2, when the market reacted negatively to the announcement of tariffs on Canada and Mexico.

Such extreme readings often mark moments of maximum pessimism, precisely the kind of sentiment that can precede a strong bullish reversal when the short term negativity is gone.

Written by Darkfost

The cryptocurrency market experienced considerable volatility yesterday due to a public conflict between Elon Musk and U.S. President Donald Trump, which had a significant impact on both stock and digital asset markets.

The war of words between Musk and Trump began when the Tesla CEO criticized Trump's policies, leading to a heated exchange on social media.

Investors reacted swiftly:

1- Tesla's stock experienced a significant decline of approximately 17%, exerting downward pressure on equities and crypto .

2- BTC dropped from ~$105K to $101K, while ETH fell below $2,400 amid broader market uncertainty.

Whale Deposits Fuel Market Sell-Off and Derivatives Pressure

* More than 2,500 BTC were deposited into Binance’s spot exchange, shortly followed by a massive 80,000 ETH inflow to derivatives platforms, according to real-time blockchain trackers.

* This massive inflow, captured in the provided chart, suggests that whales was preparing to sell, adding downward pressure on BTC’s price. The immediate consequence was an increase in market supply and the setup of short trades via derivatives.

* This aligns with the broader market downturn, where heightened volatility has already triggered $150M+ in long liquidations on Binance for both BTC and ETH.

Whale Activity:

According to Whale Screener data, significant holders (whales) have actively moved approximately $600 million into centralized exchanges (CEX),before price droped.

Conclusion:

The recent clash between Elon Musk and Donald Trump serves as a stark reminder of how political instability can send shockwaves through both traditional and digital asset markets. The sharp decline in Tesla’s stock and the ensuing cryptocurrency liquidations illustrate the increasing interdependence between equities and cryptocurrencies, where sentiment in one market can provoke cascading sell-offs in another.

Written by Amr Taha

A few hours ago, we began to witness a clear rift between Donald Trump and Elon Musk, who had been very close since the beginning of the presidential elections.

We can clearly see the immediate market reaction following the tensions between Them.

As a consequency, the Coinbase Prime Index just flipped negative, showing that U.S. institutional investors and whales suddenly turned bearish.

This is a clear evidence of an immediate loss of confidence, just as Bitcoin had entered a rather healthy consolidation phase for several days.

Let’s see how this plays out in the short term, but there’s a new narrative unfolding right now, just as the “Trade War” theme was starting to lose its impact.

Written by Darkfost

This chart captures eight years of evolution within the TRON network, illustrating both ecosystem development (number of smart contracts, blue line) and market response (TRX price, orange line).

Key Observations:

Initial Surge and Stabilization (2017–2019):

The early phase is marked by sharp spikes in both new smart contract creation and TRX price.

After this initial excitement, both metrics settle into more stable, relatively low levels.

Growth and Maturity Phase (2019–2021):

Beginning in 2019, there is a clear increase in smart contract activity, reflecting the rise of DeFi and more practical blockchain applications.

The TRX price trends upward in parallel, indicating a moderate alignment between network activity and market value during this period.

Decoupling and New Volatility (2022–2025):

From 2022 onward, a significant divergence appears: smart contract spikes become more sporadic and less sustained, with the overall trend appearing flat or declining.

Meanwhile, the TRX price continues its upward climb—especially notable through 2023 and beyond, where price appreciates independent of contract activity growth.

Summary & Interpretation:

Market Drivers Shift:This decoupling in recent years suggests that TRX price has become increasingly influenced by off-chain factors, speculative trends, or market sentiment rather than on-chain developer engagement or network growth.

Role of Network Events:Occasional, sharp spikes in contract count are likely linked to technical events, network upgrades, or short-lived projects, lacking lasting impact on the ecosystem’s health.

Outlook: Sustainable growth in both metrics likely depends on real-world utility and ongoing developer innovation. If the downward trend in contract deployment persists, it may be necessary to investigate what’s driving TRX’s price separation from core on-chain activity.

Written by CryptoOnchain

When the price doesn't move, it feels like nothing is happening. But behind the scenes, a completely different game unfolds. And that's exactly what's happening with Bitcoin lately.

22,500 BTC Pulled in a Single Day

In early June, 22,500 BTC was withdrawn from exchanges. This wasn’t a handful of small transactions. It was a serious move. And when that much Bitcoin is moved off exchanges, it's rarely to sell — it's usually to store.

In short, people are pulling their BTC into wallets. Not to trade it, but to hold it.

Why Isn’t the Price Moving?

With that much BTC leaving exchanges, you'd expect the price to climb. But that didn’t happen. Bitcoin is still hovering around $102K. It’s not dropping, but it’s not breaking out either.

Maybe this tells us something new. This time, it’s not about hype — it’s about strategy. These aren’t fast-money plays. These are long-term conviction moves.

Who’s Buying?

It’s not retail investors making these massive withdrawals. Most likely, it's ETF providers, institutional custodians, or OTC desks. In other words, it’s not the small fish — it’s the big players stepping in.

And when the big players buy, they don’t make noise. They stay quiet. Just like now.

What Should You Do?

There’s no reason to panic. This chart tells us that trust in Bitcoin is still strong. Maybe the price won’t explode right away. Maybe we’re just in a waiting phase. But as selling pressure fades, opportunities become clearer.

Written by BaykusCharts

A closer look at Binance's 7-day average netflow data reveals a potential shift in investor behavior. Altcoins with strong inflows may face increased selling pressure, while those with consistent outflows could be signaling accumulation.

📉 Top 5 Altcoins with Highest Net Inflows (Potential Selling Pressure)

ANKR

MATIC

JASMY

MASK

CHZ

Heavy inflows into Binance suggest that these assets may be moved to exchanges with the intent to sell, indicating a potential rise in short-term selling pressure.

📈 Top 5 Altcoins with Highest Net Outflows (Buyer Dominance May Be Increasing)

ENJ

SLP

HOT

FET

UMA

Net outflows from Binance for these coins may indicate that investors are transferring assets to personal wallets for holding, implying a potential increase in buyer dominance and accumulation interest.

Conclusion and Strategy

Historically, net inflows to spot exchanges have often preceded price pullbacks due to selling pressure, while net outflows are frequently associated with accumulation phases and potential bullish momentum.

For weekly/monthly trading strategies, monitoring Binance Netflow data can be a valuable edge.

Written by burakkesmeci

2017 Bull Cycle

The 2017 bull cycle was characterized by an overall upward trend with short correction periods. Around the mid-to-late phase, a correction lasting approximately 7–8 months occurred. This correction period is comparable in duration to the 2024 correction.

2021 Bull Cycle

The 2021 bull cycle saw a prolonged correction in its early phase, with the onset of COVID-19 extending the correction to about one year. Following this, the market experienced a significant rally with minimal corrections until the cycle concluded.

This demonstrates a typical pattern where larger corrections in duration and magnitude are often followed by strong upward movements.

2024–2025 Current Cycle

The early phase of the current bull cycle featured short corrections and rallies similar to past cycles. However, entering 2024, Bitcoin exhibited strong rallies followed by sharp pullbacks, occurring twice.

During the correction periods of March–November 2024 and January–April 2025, altcoins underperformed, significantly dampening market sentiment. Brief strong rallies followed, but the market continues to face resistance.

Conclusion

The current cycle displays distinct behavior compared to past cycles, requiring a different interpretation.

Unlike previous cycles, this one shows repeated instances of strong rallies followed by what appears to be artificial market suppression. Such movements are typically interpreted as efforts by influential players to cool overheated markets, suggesting an intent to prolong the bull cycle. Ultimately, the cycle is expected to conclude with a euphoric phase marked by a significant bubble.

Written by Crypto Dan

We recently got a new buy signal from the Hash Ribbons indicator.

This metric helps us assess the level of stress in the Bitcoin mining ecosystem.

It’s not a big surprise considering that the hashrate has recently reached new all-time highs.

The Hash Ribbons simply compares the 30-day and 60-day moving averages of the hashrate to identify periods of significant stress for miners.

In such cases, it is important to understand that the signal is short-term negative.

- Why ?

Because when mining becomes unprofitable for certain miners, they are forced to sell BTC in order to stay operational.

(I won’t go into the details of equipment obsolescence or shutdowns here, as it’s not particularly relevant in this context.)

What matters is that these sell-offs often create interesting long-term buying opportunities.

It’s not complicated to analyze, this indicator has always been accurate except in 2021 during the China mining ban event.

Bottom line, this signal is telling you that buying the dip around here is a smart move.

Written by Darkfost

As BTC steps down from its ATH, retail interest follows suit.

Since the $111K ATH on May 22, BTC is down ~7%, now trading near $104K.

Meanwhile:

🔸 Retail transfer volume (0–10K USD) $423M → $408M decline

🔸 30D Retail Demand Change +5pts → -0.11pts

💡 Conclusion:

This drop shows how emotionally reactive short-term investors are to even small corrections. A healthy bull run requires consistent retail demand & volume growth.

And for now, institutions may be fueling the rally — but retail is clearly stepping back.

Written by burakkesmeci

The Tron blockchain continues to grow, and its expansion is attracting more investors, leading to increased activity on the network.

This is a key factor for any blockchain, one that many investors and developers closely monitor.

To assess this level of activity, tracking the number of daily transactions is a reliable metric.

In Tron's case, the monthly average of daily transactions has been steadily and consistently increasing.

In the short term, we can already observe a rise of approximately 2 million daily transactions compared to early February, with the current average now exceeding 8 million transactions per day.

This represents more than 30% increase over the past 4 months.

In addition, the volume of transactions taking place outside centralized exchanges, meaning transactions occurring directly on the Tron blockchain, has steadily increased over time.

The services offered and the attractive yields continue to draw in new participants, bringing with them increased liquidity, positioning Tron as a blockchain in full expansion.

Written by Darkfost

This analysis presents the daily aggregate balance of the top 100 richest addresses (“whales”) on the TON blockchain from the beginning of 2021 to the present.

Methodology:

For each day, I calculate the end-of-day balance for every address. We then rank all addresses by their balances and track the sum of the top 100 holders’ balances per day. This approach highlights the accumulation and distribution patterns of the largest stakeholders, who often have an outsized impact on market sentiment and price movement.

Why it matters:

Rising whale holdings can indicate accumulation and bullish confidence.

Sharp drops may suggest major selling or redistribution among large holders.

This metric helps contextualize price action, liquidity risk, and network decentralization.

Use this chart to monitor how the largest TON holders influence supply concentration, and integrate it with volume or exchange inflow/outflow data for deeper market insights.

Written by CryptoOnchain

A fresh cohort of Bitcoin whales—wallet clusters holding ≥ 1 000 BTC with an average coin age under six months—has been stacking at a record pace.

🔎 Indicator in focus: Supply Held by New-Whales

This filter isolates new balance-sheet decisions by ignoring long-dormant cold wallets.

Key findings (1 Mar → 4 Jun 2025):

• Holdings doubled: from ~500 k BTC to ~1.1 M BTC (+600 k BTC / US $63 B).

• Supply share jumped: 2.5 % → 5.6 % of total BTC circulating supply (+3.1 pp), the equivalent of ten months of mining output removed from circulation.

Why it matters?

1️⃣ Fresh conviction: Young coin age shows these positions were built recently—this is new money, not shuffled legacy coins.

2️⃣ Supply squeeze: Rapid absorption of newly minted BTC tightens float and historically precedes periods of heightened upside volatility.

3️⃣ Sentiment signal: Aggressive, well-capitalised buyers are positioning ahead of the next macro catalyst (rate-cut cycle, ETF inflows, etc.).

What to monitor next 👀

🏦 Exchange inflows/outflows from this cohort for the first hint of profit-taking.

📊 ETF creation basket activity to confirm institutional demand.

🔄 Derivatives funding vs whale flows for early divergence signals.

The tape doesn’t lie: when young whales load up, market structure can change fast. Stay laser-focused.

Written by onchained

Recent on-chain data and exchange activity reveal significant shifts in the Bitcoin market, highlighting Binance's growing dominance, renewed accumulation by long-term holders (LTHs), and substantial BTC withdrawals from major exchanges. These developments suggest a bullish undercurrent despite short-term volatility.

Binance Expands Its Spot Market Share to 35%:

Since the beginning of June, Binance has increased its share of Bitcoin spot trading volume from 26% to 35%, consolidating its position as the leading exchange. This surge coincides with heightened trading activity as BTC tests key resistance levels.

LTH Realized Cap Net Position Flips Back Above $20B:

The Long-Term Holder (LTH) Net Position Realized metric has crossed $20 billion, signaling renewed confidence among Bitcoin's most steadfast investors.

Why This Matters:

* LTHs are entities holding BTC for more than 155 days, often considered "smart money.

* The metric tracks the realized cap of coins held by LTHs, and its rise suggests accumulation rather than distribution.

* Historically, LTH accumulation precedes bullish continuation phases, as these investors refrain from selling during minor pullbacks.

Massive BTC Withdrawals: Kraken and Bitfinex See Over 20,000 BTC Exits:

In two consecutive days, Kraken and Bitfinex witnessed net outflows exceeding 20,000 BTC, one of the largest short-term withdrawal spikes in recent months.

Connecting the Dots: Bullish Signals Align

The convergence of rising exchange dominance, long-term holder confidence, and supply tightening paints a bullish picture for Bitcoin. While short-term corrections are possible, the underlying demand and reduction in available BTC on exchanges suggest that the uptrend is far from over.

Written by Amr Taha

According to the attached chart, both the 50-day and 100-day moving averages of active addresses on the Tron network have reached their highest historical levels. This steady rise in user activity signals strong underlying growth and engagement in the Tron ecosystem.

At the same time, TRX price shows significant upward movement, reflecting a notable correlation with increased active addresses. While price growth hasn’t fully matched the recent acceleration in address activity, the sustained uptrend in the 50/100-day moving averages suggests a solid foundation for potential continued price appreciation.

Historically, changes in active address trends tend to precede major price movements. Monitoring these metrics could offer valuable mid-term insights for market participants and analysts.

Written by CryptoOnchain

In the last 30 days, retail demand, measured by on-chain movements up to $10K, has fallen by approximately 2.45%, indicating that smaller investors have not yet reached a euphoric dynamic in the current market.

Although these participants may be using other exposure vehicles such as ETFs and Bitcoin Treasury Companies, the on-chain structure usually responds to these flows in a joint manner.

For now, we still do not have a structurally euphoric market, which supports the possibility of new upward impulses, if we have sustainable buying pressure.

However, this will depend on several factors external to bitcoin, which may impact short-term sentiment and drive away large investors as well.

Written by caueconomy

There's a clear relationship between token creation on SunPump and TRON’s (TRX) price action. By tracking activity on SunPump, we can often anticipate key turning points in the TRX market.

Here’s how it typically unfolds:

1️⃣ Sudden Token Surges (Hype Phases)

When SunPump sees a rapid increase in new token creation, it usually signals network activity driven by bots or opportunistic launches. But if TRX doesn’t rise alongside this hype, it often leads to profit-taking and price corrections.

2️⃣ Low Activity Phases (Cooling Off)

During quieter periods when token creation slows or stops, TRX often drifts toward local bottoms. These moments reflect low network activity — but also reduced selling pressure. Accumulation often starts here.

3️⃣ Healthy Growth Signals

The strongest rallies tend to happen when token creation rises slowly and moves in sync with TRX price. This shows real demand and growing confidence. It’s the most sustainable type of uptrend — slow, steady, and backed by genuine interest.

🔍 Final Take:

SunPump token activity gives us strong clues about where TRON is heading next.

Spike in token creation = Possible price top

Drop in activity = Possible price bottom

Balanced growth = Best time for long setups

Tracking token dynamics isn’t just on-chain noise — it’s a window into TRX’s market rhythm.

Written by BorisVest

Binance leads in stablecoin reserves. With $31 billion in USDT and USDC holdings, Binance holds the largest stablecoin reserves among all centralized exchanges, accounting for 59% of the total. This dominance underscores Binance's central role in crypto liquidity.

One of the largest reserve holders with unmatched transparency. Coinbase leads in total reserves with $129 billion, and Binance ranks second overall in total reserves, holding $110 billion across Bitcoin, ETH, USDT, and USDC—for a combined 60% of the total reserves across the top 20 exchanges. But unlike Coinbase, which does not provide a public Proof-of-Reserves (PoR), Binance offers transparent PoR reports, including wallet addresses. Binance's public PoR gives it an edge in terms of on-chain transparency and crypto-native credibility.

Binance continues to attract the largest stablecoin inflows. So far in May, Binance has received $31 billion in USDT/USDC deposits, slightly ahead of Coinbase’s $30 billion. In 2025 year-to-date, Binance has attracted $180 billion in cumulative stablecoin inflows—firmly establishing it as a top destination for capital deployment.

The two dominant players in overall crypto inflows. Coinbase and Binance have received the largest cumulative inflows in USD terms in 2025, $344 and $335 billion respectively, significantly ahead of other exchanges. These figures demonstrate the two exchange's continued importance for institutional and retail capital movement.

Binance continues to show the highest average Bitcoin inflow, implying that the exchange attracts large players. The average Bitcoin deposit to Binance spiked to 7 on May 22, when Bitcoin reached a new all-time high of $112K. Other major exchange's average deposit were lower at 5 (Bitfinex), 1.23 (OKX), 0.7 (Kraken), and 0.8 (Coinbase).

Written by CQ Research

The correlation between Bitfinex’s Bitcoin reserves and Bitcoin price action has become increasingly evident since last year.

→ A decline in Bitfinex reserves has historically coincided with upward movements in Bitcoin price.

In contrast to previous reserve outflows—often attributed to internal security measures and cold wallet reassignments—today’s transactions appear to be clearly for trading purposes.

Paolo Ardoino, CEO of Bitfinex and Tether, officially confirmed that the recipient wallet belongs to 21 Capital (XXI).

However, of the two wallets involved in today’s movements, only the one receiving 7,000 BTC was explicitly disclosed in the official statement. The second wallet, which received 14,000 BTC, was not publicly identified.

Nevertheless, based on wallet behavior, timing of the transfers, and the fact that XXI is a Tether-backed entity, it is highly probable that the 14,000 BTC transfer was also acquisition-related.

In total, 21 Capital (XXI) appears to have purchased 24,000 BTC.

Written by Mignolet