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
We improved custom alert functionality🎉
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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
🔥1
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
✅ $BTC holdings in all exchanges are decreasing fast
Here's the ratio that BTC holdings in USD divided by stablecoins holdings across all exchanges. Potential selling pressure is weakening.
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
For all stablecoins,
✅ # of issuing event is increasing (Save Chart)
✅ # of redeeming event is decreasing (Save Chart)
And stablecoins circulating supply & exchange holdings hit an all-time high yesterday.
@cryptoquant_official
✅ # of issuing event is increasing (Save Chart)
✅ # of redeeming event is decreasing (Save Chart)
And stablecoins circulating supply & exchange holdings hit an all-time high yesterday.
@cryptoquant_official
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$BTC hash rate hit an all-time high and miners seem to be accumulating bitcoins.
Network fundamentals are getting stronger, and those who make the network strong don't cash out Bitcoins to buy new mining rigs. They buy mining rigs with cash, not Bitcoin.
TL;DR: Long-term bullish
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
Network fundamentals are getting stronger, and those who make the network strong don't cash out Bitcoins to buy new mining rigs. They buy mining rigs with cash, not Bitcoin.
TL;DR: Long-term bullish
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official