Today's BTC QuickTakes (2021/11/24)
📈 No significant aggregated inflows to exchanges, this might indicate we're still in the bull market, not in the pre-bear market or peak(blow-off the top)
📉 Technically speaking, looking at Supply Profit/Loss percentages, it seems we're not at the actual bottom in the short-term. Exchange reserve seems flat, but Whale Ratio seems too high now. The top 10 deposits take 94% of total hourly deposits across all exchanges.
⚠️ Keep your eyes on this chart today. The chart expires in 24 hours.
@cryptoquant_official
📈 No significant aggregated inflows to exchanges, this might indicate we're still in the bull market, not in the pre-bear market or peak(blow-off the top)
📉 Technically speaking, looking at Supply Profit/Loss percentages, it seems we're not at the actual bottom in the short-term. Exchange reserve seems flat, but Whale Ratio seems too high now. The top 10 deposits take 94% of total hourly deposits across all exchanges.
⚠️ Keep your eyes on this chart today. The chart expires in 24 hours.
@cryptoquant_official
Today's BTC QuickTake (2021/11/25)
📈 BTC balance keeps decreasing on spot/derivative exchanges for the third time. 3-day consecutive negative netflows.
📉 BTC addresses count ribbon might indicate short-term bearish, and sell signal triggered in Hashrate ribbon.
@cryptoquant_official
📈 BTC balance keeps decreasing on spot/derivative exchanges for the third time. 3-day consecutive negative netflows.
📉 BTC addresses count ribbon might indicate short-term bearish, and sell signal triggered in Hashrate ribbon.
@cryptoquant_official
Today's BTC QuickTake (2021/11/29)
📈 Long-term holders keep holding BTC according to SCA(Sum Coin Age). Exchange Supply Shock Ratio indicates BTC keeps flowing out exchanges.
📉 Korea Premium Index(Kimchi Premium) started increasing and it reached 7% yesterday, the highest since May this year. Now it's 5%. This might indicate retail investors are joining crypto.
@cryptoquant_official
📈 Long-term holders keep holding BTC according to SCA(Sum Coin Age). Exchange Supply Shock Ratio indicates BTC keeps flowing out exchanges.
📉 Korea Premium Index(Kimchi Premium) started increasing and it reached 7% yesterday, the highest since May this year. Now it's 5%. This might indicate retail investors are joining crypto.
@cryptoquant_official
Today's BTC QuickTake (2021/11/30)
📈 Miners' reserve is going sideways, meaning there's no significant selling pressure from miners.
📉 Fed chair suggests inflation no longer 'transitory'
@cryptoquant_official
📈 Miners' reserve is going sideways, meaning there's no significant selling pressure from miners.
📉 Fed chair suggests inflation no longer 'transitory'
@cryptoquant_official
#UTXO data/indicators
This data/indicator evaluates the profit ratio of the whole market participants by comparing the value of outputs at the spent time to created time.
This data/indicator evaluates the profit ratio of the whole market participants by comparing the value of outputs at the spent time to created time.
Anonymous Quiz
33%
Sum Coin Age Distribution (SCA Distribution)
67%
Spent Output Profit Ratio (SOPR)
Today's BTC QuickTake (2021/12/2)
📈 The average amount of flows to derivative exchanges from other exchanges is increasing, possibly to punt long positions.
📉 Futures market is getting heated as aggregated open interest is increasing while the price is going down. The average amount of exchange inflows are skyrocketed lately.
@cryptoquant_official
📈 The average amount of flows to derivative exchanges from other exchanges is increasing, possibly to punt long positions.
📉 Futures market is getting heated as aggregated open interest is increasing while the price is going down. The average amount of exchange inflows are skyrocketed lately.
@cryptoquant_official
3 Key Data Changes Before The Plunge:
1. Exchange Reserve sharply increased — Live Chart
2. Estimated Leverage Ratio Hit the All-time High — Live Chart
3. Exchange Whale Ratio hit the three-year high — Live Chart
@cryptoquant_official
1. Exchange Reserve sharply increased — Live Chart
2. Estimated Leverage Ratio Hit the All-time High — Live Chart
3. Exchange Whale Ratio hit the three-year high — Live Chart
@cryptoquant_official
Market wrap-up after $BTC plunge:
1. Huge futures market flush out - Live Chart
2. Coinbase Premium/Korean Premium Index spiked - Live Chart
3. Exchanges netflow stabilized - Live Chart
4. Miners are still holding - Live Chart
@cryptoquant_official
1. Huge futures market flush out - Live Chart
2. Coinbase Premium/Korean Premium Index spiked - Live Chart
3. Exchanges netflow stabilized - Live Chart
4. Miners are still holding - Live Chart
@cryptoquant_official
Today's BTC QuickTake (2021/12/6)
📈 Exchange reserve spiked before the drop and it started decreasing trend again. The futures market started cooling off as the estimated leverage ratio dropped -22%.
📉 Whales are still depositing BTC to exchanges. Exchange Whale Ratio reached over 95% again. Taker Buy Sell Ratio still remains negative, indicating the futures market sentiment is bearish.
@cryptoquant_official
📈 Exchange reserve spiked before the drop and it started decreasing trend again. The futures market started cooling off as the estimated leverage ratio dropped -22%.
📉 Whales are still depositing BTC to exchanges. Exchange Whale Ratio reached over 95% again. Taker Buy Sell Ratio still remains negative, indicating the futures market sentiment is bearish.
@cryptoquant_official
Today's BTC QuickTake (2021/12/7)
📈 Weekly close MA50 bullish trend line hasn't broken yet. BTC supply in loss seems high. SOPR shows that short-term holders have been selling BTC at a loss while long-term holders haven't moved yet.
📉 Bitfinex reserve is significantly increased lately. People are still punting relatively big short positions via market orders in the futures market.
@cryptoquant_official
📈 Weekly close MA50 bullish trend line hasn't broken yet. BTC supply in loss seems high. SOPR shows that short-term holders have been selling BTC at a loss while long-term holders haven't moved yet.
📉 Bitfinex reserve is significantly increased lately. People are still punting relatively big short positions via market orders in the futures market.
@cryptoquant_official
Today's BTC QuickTake (2021/12/8)
📈 Binary CDD(Coin Days Destroyed) might indicate that Bitcoin just finished the accumulation phase.
📉 Coinbase has relatively more Bitcoins than stablecoins. Stablecoins ratio significantly increased for the past few weeks.
📈 Binary CDD(Coin Days Destroyed) might indicate that Bitcoin just finished the accumulation phase.
📉 Coinbase has relatively more Bitcoins than stablecoins. Stablecoins ratio significantly increased for the past few weeks.
#UTXO data/indicators
As of now, are coins or investors in profit more than coins or investors in loss? (Hint: NUPL value was around +0.51)
As of now, are coins or investors in profit more than coins or investors in loss? (Hint: NUPL value was around +0.51)
Anonymous Quiz
69%
Yes
31%
No
Today's BTC QuickTake (2021/12/13)
📈 Percent of balance on exchanges hit a 4-year low. Deribit taker buy/sell ratio skyrocketed lately, indicating users in Deribit are buying BTC with market orders. (Note: Deribit is known as an exchange for professional investors/whales)
📉 The number of redeemed stablecoins hit an all-time high, possibly indicating some whales are cashing out.
@cryptoquant_official
📈 Percent of balance on exchanges hit a 4-year low. Deribit taker buy/sell ratio skyrocketed lately, indicating users in Deribit are buying BTC with market orders. (Note: Deribit is known as an exchange for professional investors/whales)
📉 The number of redeemed stablecoins hit an all-time high, possibly indicating some whales are cashing out.
@cryptoquant_official
🎄By Christmas, will $BTC daily close above $50k?
1. Come join the discussion link
2. Throw your prediction comfortably
3. Add your reason for prediction in the comment
🎅Christmas present (One-month professional plan) is coming to the ONE who got it right!
Join the discussion | @cryptoquant_official
1. Come join the discussion link
2. Throw your prediction comfortably
3. Add your reason for prediction in the comment
🎅Christmas present (One-month professional plan) is coming to the ONE who got it right!
Join the discussion | @cryptoquant_official
#Market data/indicators
This premium index indicates the closest meaning to the retailers' sentiment and buying power
This premium index indicates the closest meaning to the retailers' sentiment and buying power
Anonymous Quiz
54%
Coinbase Premium
46%
Korea(Kimchi) Premium
Today's BTC QuickTake (2021/12/15)
📈 Relatively speaking, there are many stablecoins in exchanges compared to BTC balance. Hash rate is testing at an all-time high.
📉 Some whales keep depositing BTC to Bitfinex. As the Fed meeting looms, some cryptocurrency traders say the stimulus program has bolstered bitcoin’s allure as an inflation hedge, so a reversal of the loose-money policy might be bearish.
@cryptoquant_official
📈 Relatively speaking, there are many stablecoins in exchanges compared to BTC balance. Hash rate is testing at an all-time high.
📉 Some whales keep depositing BTC to Bitfinex. As the Fed meeting looms, some cryptocurrency traders say the stimulus program has bolstered bitcoin’s allure as an inflation hedge, so a reversal of the loose-money policy might be bearish.
@cryptoquant_official
Today's BTC QuickTake (2021/12/16)
📈 Taker Buy Sell ratio started increasing which might indicate the bearish trend is going to be over soon. Funding rate seems neutral.
📉 Short-term holders are selling at loss according to STH-SOPR and Realized Cap.
@cryptoquant_official
📈 Taker Buy Sell ratio started increasing which might indicate the bearish trend is going to be over soon. Funding rate seems neutral.
📉 Short-term holders are selling at loss according to STH-SOPR and Realized Cap.
@cryptoquant_official
Today's BTC QuickTake (2021/12/20)
📈 Exchange reserve dropped -4.8% for the last two weeks. Supply shock ratio shows bullish divergence.
📉 Hashrate suddenly dipped -18% a few days ago.
@cryptoquant_official
📈 Exchange reserve dropped -4.8% for the last two weeks. Supply shock ratio shows bullish divergence.
📉 Hashrate suddenly dipped -18% a few days ago.
@cryptoquant_official