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

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: 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

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."
― Link

by SignalQuant | @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

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