Simple exchange reserve analysis for altcoins:
🟢 Reserve is decreasing:
$YFI / $MKR / $LINK (noticeable)
🟡 Pretty much flat:
$COMP / $SUSHI / $UNI / $AAVE
🔴 Reserve is increasing:
$SNX / $BAT / $UMA (noticeable)
In sell-side liquidity-wise, $LINK looks good, and $UMA looks bad in the long-term. This is an oversimplified analysis tho. Do your own research.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
🟢 Reserve is decreasing:
$YFI / $MKR / $LINK (noticeable)
🟡 Pretty much flat:
$COMP / $SUSHI / $UNI / $AAVE
🔴 Reserve is increasing:
$SNX / $BAT / $UMA (noticeable)
In sell-side liquidity-wise, $LINK looks good, and $UMA looks bad in the long-term. This is an oversimplified analysis tho. Do your own research.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
The amount of $ETH held on centralized exchanges has reached a new low
Analyst: Bloqport | Live Chart | @cryptoquant_official
Analyst: Bloqport | Live Chart | @cryptoquant_official
I think $BTC would take some time to get another leg up in terms of demand/supply.
1/ Too many $BTC holdings in USD compare to stablecoin holdings on spot exchanges.
2/ BTC market cap is too big to get another leg up by leveraging stablecoin market cap solely.
3/ No significant USD spot inflows - Neutral coinbase premium, and negative GBTC, QBTC premium
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
1/ Too many $BTC holdings in USD compare to stablecoin holdings on spot exchanges.
2/ BTC market cap is too big to get another leg up by leveraging stablecoin market cap solely.
3/ No significant USD spot inflows - Neutral coinbase premium, and negative GBTC, QBTC premium
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
$LINK looks undervalued in terms of supply/demand.
- Decreasing $LINK holdings across all exchanges make sell-side liquidity low
- Grayscale just launched $LINK trust
(Disclaimer: I'm not a $LINK holder)
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
- Decreasing $LINK holdings across all exchanges make sell-side liquidity low
- Grayscale just launched $LINK trust
(Disclaimer: I'm not a $LINK holder)
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
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Set Alert | @cryptoquant_official
1/ Supports all resolutions (e.g., min, block, hour, day)
2/ Supports all metrics (e.g., Coinbase Premium Index)
3/ No lag. 2x faster than before
Set Alert | @cryptoquant_official
$BTC velocity hit the year-high lately, but still, it keeps very low compared to previous bull-runs.
#store_of_value
Live Chart | @cryptoquant_official
#store_of_value
Live Chart | @cryptoquant_official
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CryptoQuant
$BTC velocity hit the year-high lately, but still, it keeps very low compared to previous bull-runs. #store_of_value Live Chart | @cryptoquant_official
In addition, each cycle top has had a considerable bearish divergence on this indicator. At the moment none have been formed.
Analyst: il Capo | @cryptoquant_official
Analyst: il Capo | @cryptoquant_official
Someone transfered 14,666 #bitcoin off of Coinbase today in a similar pattern to what an institutional purchase would look like.
That’s a nearly $800,000,000.
Analyst: Documenting Bitcoin | @cryptoquant_official
That’s a nearly $800,000,000.
Analyst: Documenting Bitcoin | @cryptoquant_official
Over the last 3 days #Bitcoin's exchange reserve has dropped by 2.5% while the stable coin exchange reserves have increased by 10%. This is bullish and increases the capacity for price to be supported at these higher levels.
Analyst: Seer | @cryptoquant_official
Analyst: Seer | @cryptoquant_official
Miners keep holding $BTC.
MPI has been significantly low since March 6th.
Live Chart | @cryptoquant_official
MPI has been significantly low since March 6th.
Live Chart | @cryptoquant_official
7 day MA of funding rates has almost completely reset. Last few months this also coincided with EOM options/futures expirations.
✅ Funding Rates Reset
✅ $6B $BTC Options Expiry
✅ BTFD
Analyst: BTC Nate | @cryptoquant_official
✅ Funding Rates Reset
✅ $6B $BTC Options Expiry
✅ BTFD
Analyst: BTC Nate | @cryptoquant_official
The All Exchange Stablecoin Ratio has reached lows not seen since November.
Each time this ratio has gone so low is marked by periods of significant strength for $BTC.
The significant reduction in on exchange supply for BTC can be noticed here.
Analyst: Seer | @cryptoquant_official
Each time this ratio has gone so low is marked by periods of significant strength for $BTC.
The significant reduction in on exchange supply for BTC can be noticed here.
Analyst: Seer | @cryptoquant_official
All stablecoins holdings across all exchanges hit the all-time high, and now it's $10B.
Live Chart | @cryptoquant_official
Live Chart | @cryptoquant_official
The crypto market is getting better in terms of supply/demand.
✅ Relatively many stablecoins across all exchanges thanks to the rise of $USDC
✅ $BTC holdings in all exchanges are decreasing fast
Here's the ratio that BTC holdings in USD divided by stablecoins holdings across all exchanges. Potential selling pressure is weakening.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
✅ Relatively many stablecoins across all exchanges thanks to the rise of $USDC
✅ $BTC holdings in all exchanges are decreasing fast
Here's the ratio that BTC holdings in USD divided by stablecoins holdings across all exchanges. Potential selling pressure is weakening.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
For all stablecoins,
✅ # of issuing event is increasing (Save Chart)
✅ # of redeeming event is decreasing (Save Chart)
And stablecoins circulating supply & exchange holdings hit an all-time high yesterday.
@cryptoquant_official
✅ # of issuing event is increasing (Save Chart)
✅ # of redeeming event is decreasing (Save Chart)
And stablecoins circulating supply & exchange holdings hit an all-time high yesterday.
@cryptoquant_official
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