$BTC hash rate rebounded and miners seem to be accumulating bitcoins.
- Miners are holding BTCs
- SSR is hitting ATL for a week
* BTC SSR is total BTC / All Stablecoins which could be interpreted as (cryptocurrency / amount of capital) in the market.
Quicktake | @cryptoquant_official
- Miners are holding BTCs
- SSR is hitting ATL for a week
* BTC SSR is total BTC / All Stablecoins which could be interpreted as (cryptocurrency / amount of capital) in the market.
Quicktake | @cryptoquant_official
❤1
4.51% of $ETH supply is now staked in ETH 2.0 deposit contract
- ETH 2.0 Staking Rate (%): 4.51%
- Total Value Staked: 5,232,992 ETH
- # of Unique Depositors: 27,332
Quicktake | @cryptoquant_official
- ETH 2.0 Staking Rate (%): 4.51%
- Total Value Staked: 5,232,992 ETH
- # of Unique Depositors: 27,332
Quicktake | @cryptoquant_official
$BTC active addresses reached 716K, Yearly Low
- Active receiver addresses 467.7K, Yearly Low
- Active sender addresses 450.4K
47.4% of $BTC addresses are stagnant compared to April 2021, Yearly High.
Quicktake | @cryptoquant_official
- Active receiver addresses 467.7K, Yearly Low
- Active sender addresses 450.4K
47.4% of $BTC addresses are stagnant compared to April 2021, Yearly High.
Quicktake | @cryptoquant_official
$BTC Miners are holding on for what?
1. Rewards decreasing.
- TX fees drop to yearly low of $812.1K, -95% of ATH on April 21’.
2. Still mining.
- Hashrate stabilized in 150B range.
3. Still holding.
- All miners to all exchanges flow shows a decreasing trend.
Quicktake| @cryptoquant_official
1. Rewards decreasing.
- TX fees drop to yearly low of $812.1K, -95% of ATH on April 21’.
2. Still mining.
- Hashrate stabilized in 150B range.
3. Still holding.
- All miners to all exchanges flow shows a decreasing trend.
Quicktake| @cryptoquant_official
Unusual amount of $ETH transferred onto spot exchanges.
Big outflow prior, maybe it's moved from one exchange to another. Could be Gemini / Kraken to Huobi / Bitfinex. They likely have better liquidity.
Minutes later, huge $ETH outflow. 394k leaves Coinbase.
Analyst: TemptingBeef| @cryptoquant_official
Big outflow prior, maybe it's moved from one exchange to another. Could be Gemini / Kraken to Huobi / Bitfinex. They likely have better liquidity.
Minutes later, huge $ETH outflow. 394k leaves Coinbase.
Analyst: TemptingBeef| @cryptoquant_official
🔥1💯1
Institutional demand for $GBTC and $QBTC is decreasing.
- Both $QBTC, $GBTC have negative premiums since Mar. 21'
- $GBTC is holding $BTC since the last purchase on Feb. 21'
- $QBTC reduced 7.98K of $BTC at the beginning of Jun. 21'
- Both $QBTC, $GBTC have declining market volume
Quicktake | @cryptoquant_official
- Both $QBTC, $GBTC have negative premiums since Mar. 21'
- $GBTC is holding $BTC since the last purchase on Feb. 21'
- $QBTC reduced 7.98K of $BTC at the beginning of Jun. 21'
- Both $QBTC, $GBTC have declining market volume
Quicktake | @cryptoquant_official
😍1
One thing that makes me worried about $BTC is exchange netflows.
Many Bitcoins are flowing into exchanges lately but the trading volume is still relatively low.
$BTC needs more trading volume to digest increasing exchange inflows.
Analyst: Ki Young Ju | @cryptoquant_official
Many Bitcoins are flowing into exchanges lately but the trading volume is still relatively low.
$BTC needs more trading volume to digest increasing exchange inflows.
Analyst: Ki Young Ju | @cryptoquant_official
According to Exchange Whale Ratio,
Most of the users are whales:
BitMEX, Gemini, Bitstamp, Bitfinex
Most of the users are retail investors:
Binance, Huobi Global, Kraken, Bybit
Quicktake | @cryptoquant_official
Most of the users are whales:
BitMEX, Gemini, Bitstamp, Bitfinex
Most of the users are retail investors:
Binance, Huobi Global, Kraken, Bybit
Quicktake | @cryptoquant_official
If dumping happens again, it might come from Bitfinex.
Most of the exchanges have digested most of the $BTC inflows after the plunge. Except for Bitfinex.
All eyes on Finex whales 👀
Analyst: Ki Young Ju | @cryptoquant_official
Most of the exchanges have digested most of the $BTC inflows after the plunge. Except for Bitfinex.
All eyes on Finex whales 👀
Analyst: Ki Young Ju | @cryptoquant_official
⚠️ We’re aware of the server issue caused by DDos attack and are working on it urgently. We'll resolve this issue ASAP.
👍1