Deeply negative BTC netflows to/from exchanges
The last few days/weeks Bitcoin's price is ranging between $30k to $40k. In several hours the BTC Netflow to/from exchanges is deeply negative. It seems some whales are accumulating!
Analyst: maartun| @cryptoquant_official
The last few days/weeks Bitcoin's price is ranging between $30k to $40k. In several hours the BTC Netflow to/from exchanges is deeply negative. It seems some whales are accumulating!
Analyst: maartun| @cryptoquant_official
Bitcoin in a bear market? On-Chain Data doesn't support the narrative.
Narratives about a multi-year bear market grow stronger, especially since Bitcoin dropped below $30k, temporarily. But looking at BTC reserves across all exchanges, we can see that the amount of BTC on exchanges drops again. At the same time, Net Flow shows accumulation of more than 5k multiple times within hours.
Together with a low SSR (more buying power on the sidelines) and an overall declining Whale ratio (one exception), the case for a multi-year bear market seems to be fragile.
Analyst: DecenTrade | @cryptoquant_official
Narratives about a multi-year bear market grow stronger, especially since Bitcoin dropped below $30k, temporarily. But looking at BTC reserves across all exchanges, we can see that the amount of BTC on exchanges drops again. At the same time, Net Flow shows accumulation of more than 5k multiple times within hours.
Together with a low SSR (more buying power on the sidelines) and an overall declining Whale ratio (one exception), the case for a multi-year bear market seems to be fragile.
Analyst: DecenTrade | @cryptoquant_official
Derivates vs Spot Reserves + Funding Rates Correlation ― Read More
by elcryptotavo | @cryptoquant_official
by elcryptotavo | @cryptoquant_official
Daily average $BTC funding rates on derivative exchanges turned positive.
Derivative exchanges includes Binance, Bybit, BitMEX, Deribit, Huobi Global, Okex.
Live Chart | @cryptoquant_official
Derivative exchanges includes Binance, Bybit, BitMEX, Deribit, Huobi Global, Okex.
Live Chart | @cryptoquant_official
Institutional investors are buying GBTC at low points ― Read More
by Wu Blockchain | @cryptoquant_official
by Wu Blockchain | @cryptoquant_official
Puell Multiple / Miner Profitability reaches 6 year lows ― Read More
by DivXMaN | @cryptoquant_official
by DivXMaN | @cryptoquant_official