CryptoQuant
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4.51% of $ETH supply is now staked in ETH 2.0 deposit contract

- ETH 2.0 Staking Rate (%): 4.51%
- Total Value Staked: 5,232,992 ETH
- # of Unique Depositors: 27,332

Quicktake | @cryptoquant_official
$BTC active addresses reached 716K, Yearly Low

- Active receiver addresses 467.7K, Yearly Low
- Active sender addresses 450.4K

47.4% of $BTC addresses are stagnant compared to April 2021, Yearly High.

Quicktake | @cryptoquant_official
$BTC Miners are holding on for what?

1. Rewards decreasing.
- TX fees drop to yearly low of $812.1K, -95% of ATH on April 21’.

2. Still mining.
- Hashrate stabilized in 150B range.

3. Still holding.
- All miners to all exchanges flow shows a decreasing trend.

Quicktake| @cryptoquant_official
395,903 $ETH flowed out from Coinbase.

Live Chart | @cryptoquant_official
Unusual amount of $ETH transferred onto spot exchanges.

Big outflow prior, maybe it's moved from one exchange to another. Could be Gemini / Kraken to Huobi / Bitfinex. They likely have better liquidity.
Minutes later, huge $ETH outflow. 394k leaves Coinbase.

Analyst: TemptingBeef| @cryptoquant_official
Institutional demand for $GBTC and $QBTC is decreasing.

- Both $QBTC, $GBTC have negative premiums since Mar. 21'
- $GBTC is holding $BTC since the last purchase on Feb. 21'
- $QBTC reduced 7.98K of $BTC at the beginning of Jun. 21'
- Both $QBTC, $GBTC have declining market volume

Quicktake | @cryptoquant_official
One thing that makes me worried about $BTC is exchange netflows.

Many Bitcoins are flowing into exchanges lately but the trading volume is still relatively low.

$BTC needs more trading volume to digest increasing exchange inflows.

Analyst: Ki Young Ju | @cryptoquant_official
According to Exchange Whale Ratio,

Most of the users are whales:
BitMEX, Gemini, Bitstamp, Bitfinex

Most of the users are retail investors:
Binance, Huobi Global, Kraken, Bybit

Quicktake | @cryptoquant_official
If dumping happens again, it might come from Bitfinex.

Most of the exchanges have digested most of the $BTC inflows after the plunge. Except for Bitfinex.

All eyes on Finex whales 👀

Analyst: Ki Young Ju | @cryptoquant_official
⚠️ We’re aware of the server issue caused by DDos attack and are working on it urgently. We'll resolve this issue ASAP.
Conflicted sentiment in $BTC negatively impacts exchanges withdrawals and deposits.
- Both all exchanges inflow and outflow are decreasing
- Inflow addresses are decreasing
- Outflow addresses are decreasing and hit a 1-year low of 15.5K

Quicktake | @cryptoquant_official