#Bitcoin supply depletion of all exchanges slowed down since Nov 4th & is increasing since Apr 19th
..but if you zoom in, you see that supply depletion of spot exchanges has accelerated since Dec 8th
Increasing derivative exchanges reserves has skewed the overall picture
3 possible explanations (in reality we're likely seeing a combination of all 3):
1) More leveraged bets on #Bitcoin since the start of the bull run
2) More interest in the contango trade
3) Altcoin trading & speculation, as some of these derivatives exchanges also offer that
Analyst: Dilution-proof | @cryptoquant_official
..but if you zoom in, you see that supply depletion of spot exchanges has accelerated since Dec 8th
Increasing derivative exchanges reserves has skewed the overall picture
3 possible explanations (in reality we're likely seeing a combination of all 3):
1) More leveraged bets on #Bitcoin since the start of the bull run
2) More interest in the contango trade
3) Altcoin trading & speculation, as some of these derivatives exchanges also offer that
Analyst: Dilution-proof | @cryptoquant_official
$BTC long liquidations across all exchanges hit an all-time high. 10,525 BTC has been liquidated in an hour.
(Note: This data only includes BTC/USD, BTC/USDT perp contracts)
View Chart | @cryptoquant_official
(Note: This data only includes BTC/USD, BTC/USDT perp contracts)
View Chart | @cryptoquant_official
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Top 3 alerts to avoid 'Cryptocrash'
1. BTC: All Exchanges Inflow Total / Hour / Above 7,000 = Dumping Risk🔻
2. BTC: All Exchanges Long Liquidations / Hour / Above 4,000 = Long Squeeze🔻
3. BTC: Spot Exchanges Netflow Total / Hour / Above 7,000 = Cryptocash 🔻🔻
Analyst: Nighthawks Capital | @cryptoquant_official
1. BTC: All Exchanges Inflow Total / Hour / Above 7,000 = Dumping Risk🔻
2. BTC: All Exchanges Long Liquidations / Hour / Above 4,000 = Long Squeeze🔻
3. BTC: Spot Exchanges Netflow Total / Hour / Above 7,000 = Cryptocash 🔻🔻
Analyst: Nighthawks Capital | @cryptoquant_official
Since the January local top, #Bitcoin miners have turned into net accumulators
They even did not budge during this week's capitulation event 💎🙌
Analyst: Dilution-proof | @cryptoquant_official
They even did not budge during this week's capitulation event 💎🙌
Analyst: Dilution-proof | @cryptoquant_official
Amount of stablecoins on exchanges is at the yearly ATH.
Lots of bullets ready to be deployed.
Analyst: Lex Moskovski | @cryptoquant_official
Lots of bullets ready to be deployed.
Analyst: Lex Moskovski | @cryptoquant_official
ETH: All Exchanges Reserves have increased by 5.1%
ETH's exchange reserves have continued to rise by more than 5.1% since May 18. This is a short-term bearish signal.
Analyst: Nighthawks Capital | @cryptoquant_official
ETH's exchange reserves have continued to rise by more than 5.1% since May 18. This is a short-term bearish signal.
Analyst: Nighthawks Capital | @cryptoquant_official
$BTC aggregated funding rates by hour across all exchanges are now almost reset.
(-)
Binance: -0.0036%
BitMEX: -0.0567%
(+)
Bybit: 0.0052%
Deribit: 0.0034%
Huobi Global: 0.01%
OKEx: 0.0216%
Quicktake | Live Chart | @cryptoquant_official
(-)
Binance: -0.0036%
BitMEX: -0.0567%
(+)
Bybit: 0.0052%
Deribit: 0.0034%
Huobi Global: 0.01%
OKEx: 0.0216%
Quicktake | Live Chart | @cryptoquant_official
$BTC Miner inflow MA7
By the looks of it, miners are not selling, but expect the selling to pick up as we move towards the next local top.
Analyst: Polar Hunt | Live Chart | @cryptoquant_official
By the looks of it, miners are not selling, but expect the selling to pick up as we move towards the next local top.
Analyst: Polar Hunt | Live Chart | @cryptoquant_official
$BTC Kimchi premium is above 11%
The average price of a $BTC on Korean exchanges is 11% higher than that on foreign ones.
Live Chart | @cryptoquant_official
The average price of a $BTC on Korean exchanges is 11% higher than that on foreign ones.
Live Chart | @cryptoquant_official
Stable coin inflow + negative netflow on #Huobi
Getting the sense China is BUYING THE DIP.
Analyst: Vish - KryptoniteTrading | @cryptoquant_official
Getting the sense China is BUYING THE DIP.
Analyst: Vish - KryptoniteTrading | @cryptoquant_official
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Stablecoins Ratio MACD indicator says $BTC has enough bullets to go up.
There are relatively many stablecoins across all exchanges compared to $BTC holdings.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
There are relatively many stablecoins across all exchanges compared to $BTC holdings.
Analyst: Ki Young Ju | Save Chart | @cryptoquant_official
I hate it to say, but $ETH seems more attractive than $BTC.
ETH Balance on exchanges are back on pre-dump levels. Combined with the break of the daily price levels (2775$), it is stronger than BTC which hasn't recovered inflow levels & is at daily resistance.
Analyst: Maartunn | @cryptoquant_official
ETH Balance on exchanges are back on pre-dump levels. Combined with the break of the daily price levels (2775$), it is stronger than BTC which hasn't recovered inflow levels & is at daily resistance.
Analyst: Maartunn | @cryptoquant_official