Bitcoin and Ethereum are on a path to acceleration. Let’s dive into the data.
Bitcoin demand among permanent holders has surged, with 70K Bitcoin added in the last 30 days and a 4.4% monthly increase in demand from large investors.
Moreover, large investors are now injecting $1B daily into Bitcoin, echoing the pre-rally activity of 2020.
Bitcoin purchases from US spot ETFs have also seen a significant uptick, with holdings increasing from 819K to 859K.
Ethereum’s demand has followed suit. Since May 20th, Ethereum demand has spiked following the approval of spot ETH ETFs in the USA. Daily purchases by permanent holders have risen to 40K ETH, with large investors now holding 16M ETH.
However, there’s a hurdle: Stablecoin liquidity needs to rebound to support a sustained rally. Tether’s USDT growth has slowed, marking its slowest pace since February 11th.
Dive into all the details in our latest Crypto Weekly Report.
@cryptoquant_official
Bitcoin demand among permanent holders has surged, with 70K Bitcoin added in the last 30 days and a 4.4% monthly increase in demand from large investors.
Moreover, large investors are now injecting $1B daily into Bitcoin, echoing the pre-rally activity of 2020.
Bitcoin purchases from US spot ETFs have also seen a significant uptick, with holdings increasing from 819K to 859K.
Ethereum’s demand has followed suit. Since May 20th, Ethereum demand has spiked following the approval of spot ETH ETFs in the USA. Daily purchases by permanent holders have risen to 40K ETH, with large investors now holding 16M ETH.
However, there’s a hurdle: Stablecoin liquidity needs to rebound to support a sustained rally. Tether’s USDT growth has slowed, marking its slowest pace since February 11th.
Dive into all the details in our latest Crypto Weekly Report.
@cryptoquant_official
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Bitcoin: The whales’ appetite for buying has returned strongly
“They are now returning with strong buying power once again, which indicates that the current prices are suitable for buying and accumulating.” – Link
By abramchart | @cryptoquant_official
“They are now returning with strong buying power once again, which indicates that the current prices are suitable for buying and accumulating.” – Link
By abramchart | @cryptoquant_official
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Analyzing TON's Price Volatility and Adjusted Sharpe Ratio: Implications for Speculators
“Currently, based on a 180-day Sharpe Ratio analysis, the price of TON has reached a level of fatigue, indicating a potential drawdown in price in the near term.” – Link
By ShivenMoodley | @cryptoquant_official
“Currently, based on a 180-day Sharpe Ratio analysis, the price of TON has reached a level of fatigue, indicating a potential drawdown in price in the near term.” – Link
By ShivenMoodley | @cryptoquant_official
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Ethereum's plummet might persist in the short term, if nothing changes!
“This trend suggests that the majority of futures traders have been selling Ethereum aggressively, either for speculative purposes or to realize profits.” – Link
By ShayanBTC | @cryptoquant_official
“This trend suggests that the majority of futures traders have been selling Ethereum aggressively, either for speculative purposes or to realize profits.” – Link
By ShayanBTC | @cryptoquant_official
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Bitmex and Binance Decoupling
“Often this kind of phenomenon is seen when whales in Bitmex start to accumulate positions while Binance retail gets washed out.” – Link
By BQYouTube | @cryptoquant_official
“Often this kind of phenomenon is seen when whales in Bitmex start to accumulate positions while Binance retail gets washed out.” – Link
By BQYouTube | @cryptoquant_official
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The Largest Ethereum Outflow of the Year from Coinbase (336K+): What Does It Mean?
“Analyzing Coinbase's 2024 data, we can observe that this is the 5th time more than 150,000 Ethereum has been withdrawn from the exchange.” – Link
By burakkesmeci | @cryptoquant_official
“Analyzing Coinbase's 2024 data, we can observe that this is the 5th time more than 150,000 Ethereum has been withdrawn from the exchange.” – Link
By burakkesmeci | @cryptoquant_official
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Weakening investment sentiment among Bitcoin and altcoin market participants
“After reaching a peak in March, it has decreased significantly due to Bitcoin's correction and sideways movement over a period of about three months.” – Link
By Crypto Dan | @cryptoquant_official
“After reaching a peak in March, it has decreased significantly due to Bitcoin's correction and sideways movement over a period of about three months.” – Link
By Crypto Dan | @cryptoquant_official
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Bitcoin: Are the whales still buying?
“More than 20,000 Bitcoin flow to whale wallets. It appears that the whales took advantage of yesterday’s correction in Bitcoin and accumulated additional quantities.” – Link
By abramchart | @cryptoquant_official
“More than 20,000 Bitcoin flow to whale wallets. It appears that the whales took advantage of yesterday’s correction in Bitcoin and accumulated additional quantities.” – Link
By abramchart | @cryptoquant_official
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Innovative Market Evaluation: Understanding Bitcoin with True Market Mean Price (TMMP) and AVIV Ratio
“When the AVIV Ratio turns yellow or red, Bitcoin encounters resistance, signaling that investors are distributing their coins and the cycle's peak is near.” – Link
By joaowedson | @cryptoquant_official
“When the AVIV Ratio turns yellow or red, Bitcoin encounters resistance, signaling that investors are distributing their coins and the cycle's peak is near.” – Link
By joaowedson | @cryptoquant_official
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Market Resilience During Miner Capitulation
“The analysis of hash ribbons and the current market dynamics suggest that despite the challenges faced by miners post-halving, the Bitcoin market remains strong.” – Link
By Kripto Mevsimi | @cryptoquant_official
“The analysis of hash ribbons and the current market dynamics suggest that despite the challenges faced by miners post-halving, the Bitcoin market remains strong.” – Link
By Kripto Mevsimi | @cryptoquant_official
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The movement of small investors is important in predicting the peak of a bull market
“The second half of the bull market has only begun, the possibility of additional capital inflow and a strong rise in Bitcoin can be seen as open in the near future.” – Link
By Crypto Dan | @cryptoquant_official
“The second half of the bull market has only begun, the possibility of additional capital inflow and a strong rise in Bitcoin can be seen as open in the near future.” – Link
By Crypto Dan | @cryptoquant_official
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Reserve Risk Indicators: A Guide for Bitcoin Investors
“Historical analysis shows that low Reserve Risk periods have historically yielded outsized returns, underscoring its relevance in assessing market sentiment and investor behavior.” – Link
By joaowedson | @cryptoquant_official
“Historical analysis shows that low Reserve Risk periods have historically yielded outsized returns, underscoring its relevance in assessing market sentiment and investor behavior.” – Link
By joaowedson | @cryptoquant_official
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Bitcoin Miners Offload Holdings
As Bitcoin prices hovered between $69K-$71K, miners are increasingly offloading holdings. Significant transfers to exchanges and OTC desks highlight growing pressures amid falling revenues post-halving.
On June 9th, over 3,000 BTC were transferred mostly to Binance, contributing to a drop in Bitcoin’s price to $66K. The following day, OTC desks saw a surge with 1,200 BTC sold, the highest daily volume since late March.
Marathon Digital has ramped up their sales dramatically, offloading 1,400 BTC in June—a steep rise from just 390 BTC in May. This accounts for 8% of their previous holdings.
The halving has resulted in decreased transaction fees and a persistently high network hashrate, which has only seen a minor decline of 4% post-halving. These factors are squeezing miner revenues.
Historical trends suggest that sustained low revenues and high hashrate could point to a potential market bottom, hinting at possible stabilization or recovery.
Dive into all the details in our latest Crypto Weekly Report.
@cryptoquant_official
As Bitcoin prices hovered between $69K-$71K, miners are increasingly offloading holdings. Significant transfers to exchanges and OTC desks highlight growing pressures amid falling revenues post-halving.
On June 9th, over 3,000 BTC were transferred mostly to Binance, contributing to a drop in Bitcoin’s price to $66K. The following day, OTC desks saw a surge with 1,200 BTC sold, the highest daily volume since late March.
Marathon Digital has ramped up their sales dramatically, offloading 1,400 BTC in June—a steep rise from just 390 BTC in May. This accounts for 8% of their previous holdings.
The halving has resulted in decreased transaction fees and a persistently high network hashrate, which has only seen a minor decline of 4% post-halving. These factors are squeezing miner revenues.
Historical trends suggest that sustained low revenues and high hashrate could point to a potential market bottom, hinting at possible stabilization or recovery.
Dive into all the details in our latest Crypto Weekly Report.
@cryptoquant_official
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