This dump might have started from $BTC miners in #F2pool.

Analyst: CoinTrillionaire | View Chart | @cryptoquant_official

[Announcement] We updated the advanced $BTC clustering algorithm to provide accurate on-chain data. Exchange/miner flows data might be changed a little bit.

So when price was at 34k yesterday Bitstamp had it's biggest $BTC deposit since 2018. Price tanked 5k over the next few hours. With it's liquidity, it's one of the cheapest exchanges which can be used to drive price down.

Analyst: Seer | @cryptoquant_official

Largest withdrawal of $ETH ever? 659k ETH left exchanges in a single hour yesterday as dip buyers sent coins to their stack & stake.

Analyst: Alex Saunders | View Chart | @cryptoquant_official

$BTC funding rates on exchanges cool off

Analyst: Unfolded | View Chart | @cryptoquant_official

All #Stablecoins reserve for all exchanges just hit the all-time high.

View Chart | @cryptoquant_official

10EMA of Exchange whale ratio (Exchange Whale Ratio is the relative size of the top 10 inflows to total inflows by day of each exchange)

OK this one is a VERY good one too. Follow the whales.

-When 10EMA> 0.48 (Green vertical lines), it's a BUY signal, meaning whale inflows compared to total inflows are small (whales dont want to sell)

-When 10EMA<0.38 (Red vertical lines), it's a SELL signal, meaning whale inflows compared to total inflows are important(whales want to sell)

At 13k currently, it would suggest that the rally is close to the top

The signal seems to be better if the slope of 10 EMA is very aggressive into the zone

Analyst: Coiner-Yadox | View Chart | @cryptoquant_official

It seems Coinbase whales are starting to buy $BTC. Now Coinbase Premium is +$66.

Analyst: Ki Young Ju | View Chart | @cryptoquant_official

Last times we got that low of a $gbtc premium

OK, and while i'm on the subject of Grayscale $gbtc

Here is an article

saying basically:
When the shares are unlocked, the investors participating in the arbitrage process BUY BTC on the spot market for the next six month cycle.

Next unlock is Feb 3rd

Analyst: Coiner-Yadox | View Chart | @cryptoquant_official

Lots of people are depositing #stablecoins to exchanges.

You know what to do.

$BTC

Analyst: Ki Young Ju | View Chart | @cryptoquant_official

Stablecoin holdings in all exchanges renewed the all-time high again.

Still many $USDT holdings in exchanges, but losing market share.

$USDT 42.6%
$BUSD 24.3%
$USDC 21.1%
$HUSD 9.1%

Live Chart | @cryptoquant_official

Exchange Whale Ratio hit the eight-month high, meaning $BTC might have a large red candle if the price drops.

It's supposed to be below 85% if this bull-run is legit. Otherwise, it's likely to be a bull trap.

Analyst: Ki Young Ju | Live Chart | @cryptoquant_official

Miners are selling $BTC since 34k.

The number of all miners' deposit transactions to exchanges hit the year-high.

Live Chart | @cryptoquant_official

This selling feels relentless but in the past 24 hours exchange deposits slowed (to literally zero at one point). With HODLers staying strong & $5B of #stablecoins on exchanges waiting to buy the bottom. The data suggests the worst is now behind us.

Analyst: Alex Saunders | View Chart | @cryptoquant_official

In the short term, I think $BTC would protect 33k level. Stablecoin deposit to exchanges is increasing.

Analyst: Ki Young Ju | View Chart | @cryptoquant_official