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
😍1
$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
Binance sent 26k $BTC to $BTCB reserve address an hour ago. $BTCB is a Bitcoin-pegged token on the Binance chain.
Tx link | @cryptoquant_official
Tx link | @cryptoquant_official
ETH are leaving exchanges similar to what we saw unfold in 2017. Main difference - those ETH are less liquid.
From March 2017 to just after ETH's market top in January 2018... 9.75 million ETH left exchanges.
In the current bull cycle we've witnessed 6.5 million ETH exit exchanges. This comes to a 25% drop in exchange reserves.
This slow exodus of reserves goes unnoticed at first. But when demand picks up this lack of supply creates a leverage effect on price.
I liken it to a freight train building momentum (you can read it here)
Analyst: JarvisLabs | @cryptoquant_official
From March 2017 to just after ETH's market top in January 2018... 9.75 million ETH left exchanges.
In the current bull cycle we've witnessed 6.5 million ETH exit exchanges. This comes to a 25% drop in exchange reserves.
This slow exodus of reserves goes unnoticed at first. But when demand picks up this lack of supply creates a leverage effect on price.
I liken it to a freight train building momentum (you can read it here)
Analyst: JarvisLabs | @cryptoquant_official
Kimchi premium hit 20%
Reason tl;dr: you can sell BTC for the won in Korea but you can't get the USD out because of regulations. Thus, no arbitraging opportunities to drive down the price.
Analyst: Lex Moskovski | @cryptoquant_official
Reason tl;dr: you can sell BTC for the won in Korea but you can't get the USD out because of regulations. Thus, no arbitraging opportunities to drive down the price.
Analyst: Lex Moskovski | @cryptoquant_official
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Are we in the market cycle high?
No.
When the market reaches its peak, everyone deposits BTC to exchanges to sell. # of inflow addresses across all exchanges was at its highest in 2018 Jan, while it hit a three-year low a few days ago.
People are holding, not selling $BTC.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
No.
When the market reaches its peak, everyone deposits BTC to exchanges to sell. # of inflow addresses across all exchanges was at its highest in 2018 Jan, while it hit a three-year low a few days ago.
People are holding, not selling $BTC.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
Some positive news on this red day.
Miners have been mostly holding their #Bitcoin since March. The MPI started at 2.87 on the 1st of March and from there fell sharply below the 0 marks.
This indicates that miners are rather accumulating than selling their $BTC = bullish.
Analyst: Blackbeard | @cryptoquant_official
Miners have been mostly holding their #Bitcoin since March. The MPI started at 2.87 on the 1st of March and from there fell sharply below the 0 marks.
This indicates that miners are rather accumulating than selling their $BTC = bullish.
Analyst: Blackbeard | @cryptoquant_official
The number of issuing events across all stablecoins is increasing and hit a year-high yesterday. Meanwhile, # of burning events is decreasing.
Live Chart | @cryptoquant_official
Live Chart | @cryptoquant_official
$BTC
People buying
HODLers aint selling
Miners aint selling
You do the math
Analyst: Josh Olszewicz | @cryptoquant_official
From all $BTC exchanges to BlockFi flow hit an all-time high when the price was 51k.
Exchange users deposited $BTC to BlockFi to earn interest and get ready for the next bull run.
h/t 미그놀렛
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official
Exchange users deposited $BTC to BlockFi to earn interest and get ready for the next bull run.
h/t 미그놀렛
Analyst: Ki Young Ju | Live Chart | @cryptoquant_official