People have PTSD about mass-dumping.
But don't worry, we're good now.
Two whale dumping indicators said there are fewer whale deposits compared to the past. I think the bull-run is likely to continue.
Analyst: Ki Young Ju | Data Guide | @cryptoquant_official
But don't worry, we're good now.
Two whale dumping indicators said there are fewer whale deposits compared to the past. I think the bull-run is likely to continue.
Analyst: Ki Young Ju | Data Guide | @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
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
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
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
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
Top 3 custom alerts to see $BTC short-term dumping risk:
1. BTC Inflow Mean for All Exchanges > 30
2. BTC Addresses Count Inflow for Spot Exchanges > 1250
3. BTC Transactions Count Inflow for All Exchanges > 560
Set Alerts | @cryptoquant_official
1. BTC Inflow Mean for All Exchanges > 30
2. BTC Addresses Count Inflow for Spot Exchanges > 1250
3. BTC Transactions Count Inflow for All Exchanges > 560
Set Alerts | @cryptoquant_official
❤1
I have specific alerts setup on cryptoquant_com to see $BTC buying pressure alerts:
1. BTC Stablecoins Ratio USD < 15
2. All Stablecoins Transaction Count Inflow for All Exchanges > 100
3. Taker Sell Volume > 250000000 (250M)
Set Alerts | Analyst: Ki Young Ju | See Details | @cryptoquant_official
1. BTC Stablecoins Ratio USD < 15
2. All Stablecoins Transaction Count Inflow for All Exchanges > 100
3. Taker Sell Volume > 250000000 (250M)
Set Alerts | Analyst: Ki Young Ju | See Details | @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
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
Forwarded from CryptoQuant Alert
🚨🚨🚨 18,961 #BTC ($1,145,210,023)
aggregated inflows to #Gemini
Be careful downside risk from whale dumping
View Chart | @cryptoquant_alert
aggregated inflows to #Gemini
Be careful downside risk from whale dumping
View Chart | @cryptoquant_alert
Most on-chain data providers mislabel Gemini into OKEx or Coinbase.
For example, here's a user wallet from Gemini. If you see this user wallet <> hot wallet transaction,
Bitinfocharts says it's OKEx.
Whale Alert says it's Coinbase.
CryptoQuant has a very conservative algorithm maximizing a dusting process by directly sending BTC to exchanges. Other data providers are maximizing on clustering, which might mislabel other exchanges' wallets.
The worst way to collect address labels is by copying other data providers' labels. What makes ruining this industry is most data providers copying other providers' data.
Sending crypto directly to exchanges is not cost-effective, but it's the most accurate way.
For example, here's a user wallet from Gemini. If you see this user wallet <> hot wallet transaction,
Bitinfocharts says it's OKEx.
Whale Alert says it's Coinbase.
CryptoQuant has a very conservative algorithm maximizing a dusting process by directly sending BTC to exchanges. Other data providers are maximizing on clustering, which might mislabel other exchanges' wallets.
The worst way to collect address labels is by copying other data providers' labels. What makes ruining this industry is most data providers copying other providers' data.
Sending crypto directly to exchanges is not cost-effective, but it's the most accurate way.
Glassnode keep spreading misguided information, so we clarified what happend on Gemini deposit.
The source of funds is not Gemini if you track down transactions. They don't use P2SH addresses for user deposits wallets which prefix starts with '3'. It is supposed to start with 'bc1' or '1'.
If you make a user deposit wallet on Gemini, it only gives you Bech32 addresses or P2PKH addresses.
1. Bech32 addresses, which start with bc1
2. P2SH addresses, which start with 3
3. P2PKH addresses which start with 1
Here's the transaction link. We think there are three possibilities:
1. Whale deposited BTC into Gemini user wallet
2. Filling up Gemini's liquidity from other exchanges
3. OTC deals
This is NOT an internal transfer.
Read All Thread | @cryptoquant_official
The source of funds is not Gemini if you track down transactions. They don't use P2SH addresses for user deposits wallets which prefix starts with '3'. It is supposed to start with 'bc1' or '1'.
If you make a user deposit wallet on Gemini, it only gives you Bech32 addresses or P2PKH addresses.
1. Bech32 addresses, which start with bc1
2. P2SH addresses, which start with 3
3. P2PKH addresses which start with 1
Here's the transaction link. We think there are three possibilities:
1. Whale deposited BTC into Gemini user wallet
2. Filling up Gemini's liquidity from other exchanges
3. OTC deals
This is NOT an internal transfer.
Read All Thread | @cryptoquant_official