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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

Amount of stablecoins on exchanges is at the yearly ATH.

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

$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

$BTC Miner inflow MA7

By the looks of it, miners are not selling, but expect the selling to pick up as we move towards the next local top.

Analyst: Polar Hunt | Live Chart | @cryptoquant_official

$BTC Kimchi premium is above 11%

The average price of a $BTC on Korean exchanges is 11% higher than that on foreign ones.

Live Chart | @cryptoquant_official

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Stablecoins Ratio MACD indicator says $BTC has enough bullets to go up.

There are relatively many stablecoins across all exchanges compared to $BTC holdings.

Analyst: Ki Young Ju | Save Chart | @cryptoquant_official

I hate it to say, but $ETH seems more attractive than $BTC.
ETH Balance on exchanges are back on pre-dump levels. Combined with the break of the daily price levels (2775$), it is stronger than BTC which hasn't recovered inflow levels & is at daily resistance.

Analyst: Maartunn | @cryptoquant_official

$1.69B of stablecoins withdrawn from derivative exchanges. Events of such magnitude are rare and are open to different interpretations. My take is traders expect unproductive chop and want to re-deploy their capital elsewhere.

Analyst: Moskovski | @cryptoquant_official

Is BTC fundamental still stable?
1. Spot purchasing, as of now, is still optimistic in a long term.
2. Derivatives would need prompt responses following changes in Market, and On-Chain Data.

If we investigate Stablecoins Ratio, Stablecoins/BTC in all Exchanges, Exchanges hold enough Stablecoins. When Exchanges hold enough Stablecoins, a bullish market. in a long term is expected through historical records.

The market is still unpredictable in a short term, and there’s a chance of a stiff price surge regarding the amount of Stablecoins in Exchanges.

Analyst: Nighthawks Capital | @cryptoquant_official