This week’s Crypto Weekly Report is out for Professional Plan users!
• Bitcoin at a one-month low
• Critical on-chain signals analyzed
• Potential for a market rally?
Access the full insights and stay ahead of the curve!
@cryptoquant_official
• Bitcoin at a one-month low
• Critical on-chain signals analyzed
• Potential for a market rally?
Access the full insights and stay ahead of the curve!
@cryptoquant_official
Cryptoquant
[26 June 2024] Critical On-Chain Signals: Has Bitcoin Bottomed & What’s Needed for a Rally? | Cry...
Bitcoin price has fallen this week to a one-month low of $58.5K. Our previous report signaled this possibility as Bitcoin demand growth remained slow. In thi...
BTC - Miners' selling pressure decreases
“Selling pressure of miners is weakening, and if all of their selling volume is absorbed, a situation may be created where the upward rally can continue again.” – Link
By Crypto Dan | @cryptoquant_official
“Selling pressure of miners is weakening, and if all of their selling volume is absorbed, a situation may be created where the upward rally can continue again.” – Link
By Crypto Dan | @cryptoquant_official
The ultimate support level for Bitcoin is $56K; falling below this could lead to a major correction.
See our latest market report for all the details.
Bitcoin Market Report | @cryptoquant_official
See our latest market report for all the details.
Bitcoin Market Report | @cryptoquant_official
When ultra-long term holders sell Bitcoin
“Currently, ultra-long term Bitcoin holders are not sending Bitcoin to exchanges. Ultra-long term Bitcoin holders want a stronger bull market” – Link
By crypto sunmoon | @cryptoquant_official
“Currently, ultra-long term Bitcoin holders are not sending Bitcoin to exchanges. Ultra-long term Bitcoin holders want a stronger bull market” – Link
By crypto sunmoon | @cryptoquant_official
Miners' selling concerns resolved, third quarter rally possible
“Miners' selling pressure has decreased significantly and their selling volume is being digested quickly.” – Link
By Crypto Dan | @cryptoquant_official
“Miners' selling pressure has decreased significantly and their selling volume is being digested quickly.” – Link
By Crypto Dan | @cryptoquant_official
Sellers are finally exhausted
“This reduction in outflows suggests that investors are more inclined to hold their assets rather than withdrawing cash from the market.” – Link
By Woominkyu | @cryptoquant_official
“This reduction in outflows suggests that investors are more inclined to hold their assets rather than withdrawing cash from the market.” – Link
By Woominkyu | @cryptoquant_official
Low Volatility Alert will hit TON soon
“Typically, periods of lower volatility are followed by periods of higher volatility, and vice versa. Therefore, based on this chart, it is reasonable to anticipate a volatility expansion in the near future.” – Link
By maartunn | @cryptoquant_official
“Typically, periods of lower volatility are followed by periods of higher volatility, and vice versa. Therefore, based on this chart, it is reasonable to anticipate a volatility expansion in the near future.” – Link
By maartunn | @cryptoquant_official
Is BTC in Reaccumulation? Wyckoff and On-Chain Analysis
“If the reaccumulation phase continues, we could expect a breakout upwards (markup phase) as the next step in the Wyckoff cycle.” – Link
By Onchain Edge | @cryptoquant_official
“If the reaccumulation phase continues, we could expect a breakout upwards (markup phase) as the next step in the Wyckoff cycle.” – Link
By Onchain Edge | @cryptoquant_official
Has the Bitcoin Bull Market Ended, or Will It Continue?
“According to this metric, Bitcoin has reached its risk zone. However, there is still potential for market growth to higher levels, such as 0.70.” – Link
By Crazzyblockk | @cryptoquant_official
“According to this metric, Bitcoin has reached its risk zone. However, there is still potential for market growth to higher levels, such as 0.70.” – Link
By Crazzyblockk | @cryptoquant_official
Conditions for BTC to Rise: Stablecoin Liquidity
“The bottom line is that in order for Bitcoin to rally in earnest, we need to see an increase in stablecoin liquidity and circulating supply” – Link
By MAC_D | @cryptoquant_official
“The bottom line is that in order for Bitcoin to rally in earnest, we need to see an increase in stablecoin liquidity and circulating supply” – Link
By MAC_D | @cryptoquant_official
Long-Term Bitcoin Holders Realize Significant Profits, Contributing to Price Decline
“The highest activity was observed among holders who had kept their Bitcoins for 5-7 years.” – Link
By IT Tech | @cryptoquant_official
“The highest activity was observed among holders who had kept their Bitcoins for 5-7 years.” – Link
By IT Tech | @cryptoquant_official
Beginner investors are capitulating and increasing selling pressure
“Approximately $2.4 billion worth of Bitcoin aged between 3 and 6 months moved on the network during the drop.” – Link
By caueconomy | @cryptoquant_official
“Approximately $2.4 billion worth of Bitcoin aged between 3 and 6 months moved on the network during the drop.” – Link
By caueconomy | @cryptoquant_official
From a valuation perspective, Bitcoin has reached a level where it is either at a bottom or due for a major correction, similar to what occurred in the summer of 2021.
MVRV Z-Score | @cryptoquant_official
MVRV Z-Score | @cryptoquant_official
BTC Miners Break Records in 2023 and 2024 and Are the Top Sellers
“As 2024 approached, the pace of transfers to exchanges intensified, directly impacting the excess supply and low demand in the spot market.” – Link
By joaowedson | @cryptoquant_official
“As 2024 approached, the pace of transfers to exchanges intensified, directly impacting the excess supply and low demand in the spot market.” – Link
By joaowedson | @cryptoquant_official
As the clock struck 3 AM, Mt. Gox made a move that shook the market
“With the volatility caused by this transaction on Mt. Gox, approximately $97 million worth of long positions were liquidated in the past 10 hours.” – Link
By burakkesmeci | @cryptoquant_official
“With the volatility caused by this transaction on Mt. Gox, approximately $97 million worth of long positions were liquidated in the past 10 hours.” – Link
By burakkesmeci | @cryptoquant_official
Miner capitulation has reached levels seen in Dec 2022 with a 7.7% drop in hashrate, reminiscent of the market conditions after the FTX collapse.
Historically, such significant declines are indicative of potential price bottoms.
See our Bitcoin Miner Dashboard for the live data.
@cryptoquant_official
Historically, such significant declines are indicative of potential price bottoms.
See our Bitcoin Miner Dashboard for the live data.
@cryptoquant_official