Another significant Coinbase outflows at 48k. US institutional investors are still buying $BTC.

I think the major reason for this drop is the jittering macro environment like the 10-year Treasury note, not whale deposits, miner selling, and lack of institutional demand.

I think it will eventually go above 48k which is the institutional buying level, so I bought more $BTC here at 46k. Not sure about short-term price moving tho.

Analyst: Ki Young Ju | View Chart | @cryptoquant_official

As of Feb 25, 2021
- QBTC Premium: -3.7%
- QBTC holdings: 23,646 BTC

View Chart | @cryptoquant_official

Pretty strong Coinbase premium since 43k.

Coinbase whales are most affected by the macro environment, I think their buying indicates the correction is over.

Analyst: Ki Young Ju | View Chart | @cryptoquant_official

Whales are accumulating $BTC.

They are making a lot of bear traps lately, but the BTC price seems to recover the institutional buying level, 48k.

Looking at recent Coinbase outflows, most of the outflows that went to custody wallets were at 48k price.

Analyst: Ki Young Ju | View Chart | @cryptoquant_official

Update: Little uptick on All Exchanges Inflow Mean at 52k price. It might cause a small dip. I'm not sure how far it could drop at this moment.

Analyst: Ki Young Ju | Save Chart | @cryptoquant_official

Taker Sell Volume for all derivative exchanges looks helpful to catch the local bottoms.

After a dip, $BTC price looks likely to bounce back in the short term when the volume goes above 150M USD.

If you set an alert on this, 150M looks significant threshold. (150000000 USD) It's a minute time frame. Click the bell button in the chart.

It's not fully back-tested, just eye-catching tho.

Analyst: Ki Young Ju | Set Alert | About This Metric | View Chart | @cryptoquant_official

12k $BTC flowed out from Coinbase again.

Institutions are still accumulating $BTC in this range.

Analyst: Ki Young Ju | View Chart | @cryptoquant_official

Daily exchange netflows are the difference between BTC inflow and outflow from the exchanges.

GENERALLY, a high + netflow is bearish as more BTC is available on the exchanges to sell. Likewise, a high - netflow indicates accumulation and intention to HODL outside of exchanges. This means netflow can be an excellent indicator in identifying market tops and bottoms.

The bottom half is netflows and a way to interpret cycles

As you can see in the chart above, on five dates (Dec 28, 2017, Dec 16, 2018, Jul 12, 2019, Feb 8, 2020, and Jul 31, 2020), Exchange netflows spiked. The vertical blue lines highlight these spikes. You can see where the price was and where it went after

Each of these events were high positive netflow moments whether it was a top or bottom. That's why we say "generally".

This is a great tool to use as a backdrop among other on-chain indicators that help decide if you should buy the dip. We plan to reference this chart soon.

Analyst: Ben Lilly(JarvisLabs) | @cryptoquant_official

This 18k $BTC deposit is legit as it was a transaction between user deposit wallets and Gemini hot wallet.

All Exchanges Inflow Mean is skyrocketed due to this deposit. Don't overleverage if you're in a long position.

Analyst: Ki Young Ju | View Chart | @cryptoquant_official

🚨🚨🚨 18,961 #BTC ($1,145,210,023)
aggregated inflows to #Gemini

Be careful downside risk from whale dumping
View Chart | @cryptoquant_alert