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“Analyzing Coinbase's 2024 data, we can observe that this is the 5th time more than 150,000 Ethereum has been withdrawn from the exchange.”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“Analyzing Coinbase's 2024 data, we can observe that this is the 5th time more than 150,000 Ethereum has been withdrawn from the exchange.”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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Whales Actively Transfer TON Ahead of Significant Price Surge
“In the following months, the price began to rise and is now above $7. Monitoring whale movements in the future can help identify potential price peaks.” – Link
By maartunn | @cryptoquant_official
“In the following months, the price began to rise and is now above $7. Monitoring whale movements in the future can help identify potential price peaks.” – Link
By maartunn | @cryptoquant_official
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Bitcoin reserves on Coinbase have been rapidly declining since February 2024
“While there were 1,044,997 Bitcoins on February 18, 2024, the reserves on the Coinbase exchange dropped to 878K following the increased demand due to Spot ETFs.” – Link
By burakkesmeci | @cryptoquant_official
“While there were 1,044,997 Bitcoins on February 18, 2024, the reserves on the Coinbase exchange dropped to 878K following the increased demand due to Spot ETFs.” – Link
By burakkesmeci | @cryptoquant_official
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Spent Output Age Bands (%)
“40% of the sent Bitcoins are in the 3M-6M range, 20% are in the 6M-12M range, and the remaining portion is mixed. These sent Bitcoins will create selling pressure.” – Link
By XBTManager | @cryptoquant_official
“40% of the sent Bitcoins are in the 3M-6M range, 20% are in the 6M-12M range, and the remaining portion is mixed. These sent Bitcoins will create selling pressure.” – Link
By XBTManager | @cryptoquant_official
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The Open Network (TON) hit all-time high, $7.3 turned support
“A few days ago, the price peaked at $7.3, but that level has now been broken and turned into support. As long as that level sticks around, this is a really bullish chart. ” – Link
By maartunn | @cryptoquant_official
“A few days ago, the price peaked at $7.3, but that level has now been broken and turned into support. As long as that level sticks around, this is a really bullish chart. ” – Link
By maartunn | @cryptoquant_official
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Retail is Not Here Yet
“This structure suggests that we have not yet reached the peak euphoria of this cycle. The predominance of long-term holders in the market forms a more solid price support base.” – Link
By Gustavo Faria | @cryptoquant_official
“This structure suggests that we have not yet reached the peak euphoria of this cycle. The predominance of long-term holders in the market forms a more solid price support base.” – Link
By Gustavo Faria | @cryptoquant_official
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3 Reasons Behind the Recent Cryptocurrency Market Declines
“While current conditions are causing fear and selling among short-term investors, the strong support level of around $62,400 for short-term holders' average realized price could help stabilize prices in the near term.” – Link
By IT Tech | @cryptoquant_official
“While current conditions are causing fear and selling among short-term investors, the strong support level of around $62,400 for short-term holders' average realized price could help stabilize prices in the near term.” – Link
By IT Tech | @cryptoquant_official
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