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
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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
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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.
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Conflicted sentiment in $BTC negatively impacts exchanges withdrawals and deposits.
- Both all exchanges inflow and outflow are decreasing
- Inflow addresses are decreasing
- Outflow addresses are decreasing and hit a 1-year low of 15.5K
Quicktake | @cryptoquant_official
- Both all exchanges inflow and outflow are decreasing
- Inflow addresses are decreasing
- Outflow addresses are decreasing and hit a 1-year low of 15.5K
Quicktake | @cryptoquant_official
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A perfect BTFD hit rate since 2019, and it just printed another buy signal. Bitcoin to stablecoin ratio oscillator. It's the ratio of bitcoin to stablecoins on all exchanges. A moving average crossover in the bottom green area is considered bullish.
Analyst: Cole Garner | @cryptoquant_oficial
Analyst: Cole Garner | @cryptoquant_oficial
Fear among $BTC investors is cooling off after the correction
- Neutral funding rate
- Increasing open interest
- Increasing leverage trading
Quicktake | @cryptoquant_official
- Neutral funding rate
- Increasing open interest
- Increasing leverage trading
Quicktake | @cryptoquant_official
$BTC market is very uncertain right now.
Whale selling indicates a bear/fake-bull market, and retail selling implies a bull market. We're in neutral now.
Stop trade, be patient and wait for the next volatility.
Analyst: Ki Young Ju | @cryptoquant_official
Whale selling indicates a bear/fake-bull market, and retail selling implies a bull market. We're in neutral now.
Stop trade, be patient and wait for the next volatility.
Analyst: Ki Young Ju | @cryptoquant_official