$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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Still incredibly fewer $ETH deposits and more withdrawals across all exchanges.
It's hard to say we're at the top.
Increasing exchange withdrawals could indicate #Ethereum ecosystem is growing and people are holding them, not selling.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
It's hard to say we're at the top.
Increasing exchange withdrawals could indicate #Ethereum ecosystem is growing and people are holding them, not selling.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
The average amount of stablecoin inflows across all exchanges hit a two-year high.
Whales are depositing stablecoins to exchanges.
Live Chart | @cryptoquant_official
Whales are depositing stablecoins to exchanges.
Live Chart | @cryptoquant_official
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Despite the scary stuff yesterday, someone bought all the coins that were being sold. 10 000 $BTC left Coinbase today.
They're now being hodled by someone.
Analyst: Byzantine General | @cryptoquant_official
They're now being hodled by someone.
Analyst: Byzantine General | @cryptoquant_official
If you're a long-term $BTC investor, don't worry. Your portfolio is the same as institutional investors in the States.
If you're a derivative trader, be careful in the short term. (Relatively speaking) whales are depositing $BTC to exchanges.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
If you're a derivative trader, be careful in the short term. (Relatively speaking) whales are depositing $BTC to exchanges.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
The #Bitcoin price may be dipping, but the amount of dry powder that is waiting on the sidelines to step in continues to grow Eyes
The larger these stablecoin reserves are on exchanges, the easier it will be for #Bitcoin to climb out of the dip when upwards momentum returns
Analyst: Dilution-proof | @cryptoquant_official
The larger these stablecoin reserves are on exchanges, the easier it will be for #Bitcoin to climb out of the dip when upwards momentum returns
Analyst: Dilution-proof | @cryptoquant_official
Two things mark the absolute top, a catastrophic black swan event or a decrease in money inflows.
Neither of them is here yet.
Party is going on, dance.
Analyst: Lex Moskovski | @cryptoquant_official
Neither of them is here yet.
Party is going on, dance.
Analyst: Lex Moskovski | @cryptoquant_official
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$BTC seems likely to consolidate in a wide range or be bearish in a few days.
The average amount of $BTC deposits is significantly increasing again.
This is a pretty unusual situation. Don't take too much leverage on your longs. Be careful.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
The average amount of $BTC deposits is significantly increasing again.
This is a pretty unusual situation. Don't take too much leverage on your longs. Be careful.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
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$ETH down -15% from the week without uptick in exchange inflows. Decentralized exchanges also not seeing a meaningful volume uptick.
Hodlers are stubbornly bullish.
Analyst: Mira Christanto | @cryptoquant_official
Hodlers are stubbornly bullish.
Analyst: Mira Christanto | @cryptoquant_official
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Stablecoins Ratio for all exchanges hit a six-month low. Relatively there are many stablecoins across all exchanges.
Live Chart | @cryptoquant_official
Live Chart | @cryptoquant_official
#Bitcoin supply depletion of all exchanges slowed down since Nov 4th & is increasing since Apr 19th
..but if you zoom in, you see that supply depletion of spot exchanges has accelerated since Dec 8th
Increasing derivative exchanges reserves has skewed the overall picture
3 possible explanations (in reality we're likely seeing a combination of all 3):
1) More leveraged bets on #Bitcoin since the start of the bull run
2) More interest in the contango trade
3) Altcoin trading & speculation, as some of these derivatives exchanges also offer that
Analyst: Dilution-proof | @cryptoquant_official
..but if you zoom in, you see that supply depletion of spot exchanges has accelerated since Dec 8th
Increasing derivative exchanges reserves has skewed the overall picture
3 possible explanations (in reality we're likely seeing a combination of all 3):
1) More leveraged bets on #Bitcoin since the start of the bull run
2) More interest in the contango trade
3) Altcoin trading & speculation, as some of these derivatives exchanges also offer that
Analyst: Dilution-proof | @cryptoquant_official