We added bank flows to demystify crypto banking services like BlockFi.
✅ # of BlockFi depositors is decreasing, but the average deposits are increasing.
✅ BlockFi's inflows have gone to Gemini's custodial wallet four times in the past year.
Live Chart | @cryptoquant_official
✅ # of BlockFi depositors is decreasing, but the average deposits are increasing.
✅ BlockFi's inflows have gone to Gemini's custodial wallet four times in the past year.
Live Chart | @cryptoquant_official
$BTC market is in the greedy stage.
How much leverage people bet in derivative trading can indicate investors' fear and greed. It has increased since February.
I'm not saying bearish, but I usually recommend buying when it's in the fear phase.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
How much leverage people bet in derivative trading can indicate investors' fear and greed. It has increased since February.
I'm not saying bearish, but I usually recommend buying when it's in the fear phase.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
Some reasons to remain bullish on #Bitcoin:
1) Exchange reserves are still declining, suggesting demand remains high & the supply shortage is still growing
2) Miner sell pressure is very low, not filling this gap
IMO this dip is mostly a technical correction, not fundamental
Analyst: Dilution-proof | @cryptoquant_official
1) Exchange reserves are still declining, suggesting demand remains high & the supply shortage is still growing
2) Miner sell pressure is very low, not filling this gap
IMO this dip is mostly a technical correction, not fundamental
Analyst: Dilution-proof | @cryptoquant_official
Whale Observation:
Whales seem to punt a long position by sending $BTC to derivatives exchanges from other exchanges when the price is at the bottom.
Each time this indicator hit the peak, the funding rate across all exchanges gets neutral.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
Whales seem to punt a long position by sending $BTC to derivatives exchanges from other exchanges when the price is at the bottom.
Each time this indicator hit the peak, the funding rate across all exchanges gets neutral.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
Over 4 million $ETH (~$11 billion) is now staked on Ethereum 2.0
Analyst: Unfolded | Live Chart | @cryptoquant_official
Analyst: Unfolded | Live Chart | @cryptoquant_official
NVT Golden Cross indicator hit a year low.
$BTC has upside potential from the perspective of the NVT valuation model.
Live Chart | @cryptoquant_official
$BTC has upside potential from the perspective of the NVT valuation model.
Live Chart | @cryptoquant_official
$ETH short liquidations across all derivative exchanges hit an all-time high.
(Note: This liquidation data only includes ETH/USDT, ETH/USD perpetual futures contracts.)
Live Chart | @cryptoquant_official
(Note: This liquidation data only includes ETH/USDT, ETH/USD perpetual futures contracts.)
Live Chart | @cryptoquant_official
The number of new depositors to $ETH 2.0 contract hit an all-time high.
Live Chart | @cryptoquant_official
Live Chart | @cryptoquant_official
$BTC is ready to get another leg up.
A significant amount of Bitcoins has flowed out across all exchanges, weakening selling pressure.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
A significant amount of Bitcoins has flowed out across all exchanges, weakening selling pressure.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
Today, fewer Bitcoins are held on Coinbase than at the previous ATH in Dec '17. Remarkable considering 2M additional $BTC have been mined since then.
Analyst: BTC Nate | @cryptoquant_official
Analyst: BTC Nate | @cryptoquant_official
$BTC Stablecoins Ratio across all exchanges hit a six-month low. Potential selling pressure is weakening.
Live Chart | @cryptoquant_official
Live Chart | @cryptoquant_official
$BTC selling pressure from miners is dead.
They sent a large amount of $BTC to exchanges in Feb this year, but moving a relatively small amount of Bitcoins these days.
The sellers today seem not long-term investors and miners, but short-term profit takers.
Analyst: Genius Baby✨ | Live Chart | @cryptoquant_official
They sent a large amount of $BTC to exchanges in Feb this year, but moving a relatively small amount of Bitcoins these days.
The sellers today seem not long-term investors and miners, but short-term profit takers.
Analyst: Genius Baby✨ | Live Chart | @cryptoquant_official
It seems whales move their coins from centralized exchanges to other wallets before pumping altcoins.
Here's the average amount of outflows across all exchanges for $AAVE, $SUSHI, $LINK, $UNI, $BAT, and $SNX.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
Here's the average amount of outflows across all exchanges for $AAVE, $SUSHI, $LINK, $UNI, $BAT, and $SNX.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
While $ETH is ranging, the $ETH hold on exchanges continues to drop.
Likely that price will follow SOON 🚀
Analyst: OneOfMany | @cryptoquant_official
Likely that price will follow SOON 🚀
Analyst: OneOfMany | @cryptoquant_official
#Stablecoin holdings across all exchanges have increased +46% month over month.
Live Chart | @cryptoquant_official
Live Chart | @cryptoquant_official
$BTC Spot Exchanges Net Flow still hugely negative for about 1.5 months now.
All we see is major outflows and no big inflows like we've seen before.
Matter of time before the supply dries up and we break out higher you'd say.
Analyst: Daan Crypto Trades | Live Chart | @cryptoquant_official
All we see is major outflows and no big inflows like we've seen before.
Matter of time before the supply dries up and we break out higher you'd say.
Analyst: Daan Crypto Trades | Live Chart | @cryptoquant_official
Compared to the previous times that #bitcoin was trading at these prices, most of the excess leverage appears to have been flushed out by the last dip
The last bounce back to current prices was therefore likely more sustainable. Is #Bitcoin ready for a new leg up..?
Analyst: Dilution-proof | Live Chart | @cryptoquant_official
The last bounce back to current prices was therefore likely more sustainable. Is #Bitcoin ready for a new leg up..?
Analyst: Dilution-proof | Live Chart | @cryptoquant_official
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Stablecoins on exchanges keep staying in the ATH range.
Barring some black swan event, I don't see this rally ends any time soon.
Analyst: Lex Moskovski | Live Chart | @cryptoquant_official
Barring some black swan event, I don't see this rally ends any time soon.
Analyst: Lex Moskovski | Live Chart | @cryptoquant_official
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