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
$BTC long liquidations across all exchanges hit an all-time high. 10,525 BTC has been liquidated in an hour.
(Note: This data only includes BTC/USD, BTC/USDT perp contracts)
View Chart | @cryptoquant_official
(Note: This data only includes BTC/USD, BTC/USDT perp contracts)
View Chart | @cryptoquant_official
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Top 3 alerts to avoid 'Cryptocrash'
1. BTC: All Exchanges Inflow Total / Hour / Above 7,000 = Dumping Risk🔻
2. BTC: All Exchanges Long Liquidations / Hour / Above 4,000 = Long Squeeze🔻
3. BTC: Spot Exchanges Netflow Total / Hour / Above 7,000 = Cryptocash 🔻🔻
Analyst: Nighthawks Capital | @cryptoquant_official
1. BTC: All Exchanges Inflow Total / Hour / Above 7,000 = Dumping Risk🔻
2. BTC: All Exchanges Long Liquidations / Hour / Above 4,000 = Long Squeeze🔻
3. BTC: Spot Exchanges Netflow Total / Hour / Above 7,000 = Cryptocash 🔻🔻
Analyst: Nighthawks Capital | @cryptoquant_official
Since the January local top, #Bitcoin miners have turned into net accumulators
They even did not budge during this week's capitulation event 💎🙌
Analyst: Dilution-proof | @cryptoquant_official
They even did not budge during this week's capitulation event 💎🙌
Analyst: Dilution-proof | @cryptoquant_official
Amount of stablecoins on exchanges is at the yearly ATH.
Lots of bullets ready to be deployed.
Analyst: Lex Moskovski | @cryptoquant_official
Lots of bullets ready to be deployed.
Analyst: Lex Moskovski | @cryptoquant_official
ETH: All Exchanges Reserves have increased by 5.1%
ETH's exchange reserves have continued to rise by more than 5.1% since May 18. This is a short-term bearish signal.
Analyst: Nighthawks Capital | @cryptoquant_official
ETH's exchange reserves have continued to rise by more than 5.1% since May 18. This is a short-term bearish signal.
Analyst: Nighthawks Capital | @cryptoquant_official
$BTC aggregated funding rates by hour across all exchanges are now almost reset.
(-)
Binance: -0.0036%
BitMEX: -0.0567%
(+)
Bybit: 0.0052%
Deribit: 0.0034%
Huobi Global: 0.01%
OKEx: 0.0216%
Quicktake | Live Chart | @cryptoquant_official
(-)
Binance: -0.0036%
BitMEX: -0.0567%
(+)
Bybit: 0.0052%
Deribit: 0.0034%
Huobi Global: 0.01%
OKEx: 0.0216%
Quicktake | Live Chart | @cryptoquant_official