CryptoQuant | ForkLog

ForkLog 6 10.09.2024

Analysts Observe Influx of USDT to Bitcoin Exchanges

Since August, the volume of USDT on cryptocurrency exchanges has been rapidly increasing. Given that from March to July, the dynamics showed no significant fluctuations amid turbulence, this is a notable change, according to CryptoQuant. “The growth of stablecoin balances on CEX is perceived as an increase in long potential, which will positively affect the […]

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ForkLog 7 05.09.2024

Ethereum Lags Behind Bitcoin by 44% Since Transition to PoS, Says CryptoQuant

The price of Ethereum has significantly “lagged” behind that of digital gold since the activation of The Merge and the full transition to the Proof-of-Stake (PoS) consensus algorithm. This is reported by The Block, citing analysts from CryptoQuant.

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ForkLog 13 30.08.2024

Bitcoin Retreats to $59,000 Amid ETF Inflow Weakness

Negative trends in BTC-ETF persisted for the third consecutive day. The total exchange balance of bitcoins fell to a new low for the year. Traders remain cautious ahead of U.S. labor market data on September 6. On August 29, net outflows from spot bitcoin ETFs amounted to $71.7 million, according to SoSoValue. This was one […]

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ForkLog 14 21.08.2024

Bitcoin Whales Slow Accumulation Amid Market Uncertainty

Large bitcoin investors have reduced their monthly accumulation rate to 1%, down from the typical 3% seen in bullish markets, according to CryptoQuant, as reported by Cointelegraph. In February 2019, this figure reached 6%. Data: CryptoQuant. Analysts indicate that most demand metrics currently show weakness, insufficient to reach a new all-time high. Experts have deemed […]

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ForkLog 8 07.08.2024

Bitcoin Holders Increase Accumulations by 404,448 BTC in 30 Days

The balance of long-term investors’ wallets for the leading cryptocurrency has grown by 404,448 BTC ($23 billion) over the past 30 days, according to data from CryptoQuant CEO Ki Young Ju. I’m pretty sure something is happening behind the scenes. 404,448 #Bitcoin have moved to permanent holder addresses over the past 30 days, and it’s […]

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ForkLog 9 07.08.2024

Experts Identify Key Level for Potential Correction Phase

The price of the leading cryptocurrency has reclaimed the crucial support at $56,000, yet uncertain trading suggests risks of resuming a downward trend. This is according to a report by CryptoQuant, as noted by The Block. According to analysts, the MVRV indicator has fallen below the 365 DMA, which in previous cycles signaled a continuation […]

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ForkLog 7 01.08.2024

Bitcoin’s Resilience Forecast Amid Rising Hashrate

The surge in Bitcoin’s hashrate to record levels is expected to contribute to the stability of its price, according to CryptoQuant. “The metric’s drop from its historical maximum is only 3% compared to 8% as of July 9, and the recovery of the hashrate is usually associated with a sustained rally,” explained the specialists. Data: […]

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ForkLog 7 18.07.2024

CryptoQuant: Bitcoin Hits Local Bottom Amid Positive Indicators

The price of the leading cryptocurrency has seemingly reached a local bottom before rebounding to nearly $66,000 earlier this week, reports The Block, citing a report from CryptoQuant. According to analysts, the recent drop in Bitcoin’s price to around $55,000 resulted in the largest realized losses for asset holders in 2024. “Hodlers of digital gold […]

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ForkLog 15 17.07.2024

Expert Questions Impact of Mt.Gox Bitcoin Sales on Market

Concerns about potential sales of bitcoins distributed by the bankrupt exchange Mt.Gox are exaggerated, according to CryptoQuant’s founder and CEO, Ki Young Ju. MtGox FUD is overestimated. Market cap growth outpaces realized cap growth, showing strong demand. Since 2023, $224B in #Bitcoin sold, yet price up 350%. Even if MtGox’s $3B is sold on Kraken, […]

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ForkLog 9 15.07.2024

Bitcoin’s Ascent Predicted Amid Federal Reserve’s Influence

Experts noted traders shifting focus from Mt.Gox and German government sales to the incident involving US presidential candidate Donald Trump and macroeconomic statistics. On-chain analysts observed bitcoin whales accumulating coins. With the conclusion of sales by German authorities and the Mt.Gox factor largely priced in, bitcoin is poised to reclaim lost ground in the coming […]

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ForkLog 8 04.07.2024

CryptoQuant Reports Bitcoin Miners’ Capitulation

Bitcoin miners have begun shutting down inefficient equipment and selling reserves, indicating signs of capitulation, according to a report by CryptoQuant. Experts noted that such periods are historically associated with price lows. They highlighted that daily miner revenue has decreased from $79 million on March 6 to $29 million currently. The share of fees in […]

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ForkLog 7 28.06.2024

CryptoQuant Observes Reduced Selling Pressure from Bitcoin Miners

The supply overhang of bitcoins from miners has significantly decreased, according to data from CryptoQuant. Experts noted that this group of market participants has recently contributed to the decline in prices. The driver was the halving that took place in April, which rendered older mining devices economically inefficient. This change forced owners to sell off […]

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