CryptoQuant | ForkLog

ForkLog 13 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 […]

AI translated

ForkLog 8 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 […]

AI translated

ForkLog 4 26.06.2024

Indicators Suggest Bitcoin May Have Hit a Local Bottom

Over the past three weeks, the price of the leading cryptocurrency has fallen by 15% from $70,000. However, after a noticeable rebound on June 25 from $60,000, signs of a potential local bottom have emerged. This conclusion was reached by CryptoQuant. From an on-chain analysis perspective, the quotes crossed the realized price level of short-term […]

AI translated

ForkLog 7 20.06.2024

Bitcoin Whales Offload $1.2 Billion in Fortnightly Sales

The largest Bitcoin holders, including miners, have reduced their positions by $1.2 billion over-the-counter in the past two weeks, according to estimates from CryptoQuant. #Bitcoin long-term holder whales sold $1.2B in the past 2 weeks, likely through brokers. ETF netflows are negative with $460M outflows in the same period. If this ~$1.6B in sell-side liquidity […]

AI translated

ForkLog 14 20.06.2024

Bitcoin Miners’ Reserves Dip Below 2021 Lows Following OTC Sell-Off

The reserves of Bitcoin miners have dwindled to 1.81 million BTC, falling below 2021 levels, according to CryptoQuant data. Bitcoin miners’ reserves. Data: CryptoQuant. The reduction in the reserves of the first cryptocurrency’s miners increases the asset’s supply, potentially exerting negative pressure on its price. However, the volume of bitcoins in miners’ wallets has been […]

AI translated

ForkLog 18 20.06.2024

QCP Capital: Options Market Bets on Ethereum’s Rise to $4800

Despite uncertainties surrounding the approval timeline for an ETH-ETF, a demand capturing 10-20% of inflows into BTC-ETF could push Ethereum’s price past $4000, with a subsequent rise to $4800. This scenario is reflected in the options market, according to QCP Capital. QCP: Despite uncertainty around the reception of the ETH ETF, capturing 10-20% of Bitcoin […]

AI translated

ForkLog 14 19.06.2024

Bitcoin Faces Potential Drop to $60,000 if $65,800 Support Breaks, Says CryptoQuant

Bitcoin has neared the aggregate breakeven level for speculators (~$65,800). This mark will act as support, and if breached, could trigger a correction down to $60,000, according to analysts at CryptoQuant, reports The Block. Experts believe that traders closing arbitrage deals have intensified downward pressure on the price of the leading cryptocurrency. Currently, the market […]

AI translated

ForkLog 10 04.06.2024

Crypto Holders Retain Bitcoin Amid $70,000 Surge

Following Bitcoin’s price touching $70,000, more than half of the coins remain inactive, indicating long-term confidence in the asset. This conclusion was reached by CryptoQuant, reports CoinDesk. The lack of on-chain movements of such a high proportion of supply may suggest further price increases, experts added. In other words, the sentiment remains “stubbornly bullish.” “Despite […]

AI translated

ForkLog 9 28.05.2024

CryptoQuant Predicts Continued Bitcoin Bull Rally

Indicators suggest the bullish phase of the market is not yet over, according to experts at CryptoQuant. The #Bitcoin bull market is still not over “In past bull markets, MVRV peaked at 4.83 and 3.97, and currently has only reached 2.78. It has still not entered the overvalued zone and further rises can be expected.” […]

AI translated

ForkLog 28 09.05.2024

Cryptocurrency Exchange Volumes Decline for the First Time in Seven Months

The combined volume of spot and derivatives cryptocurrency markets fell by 43.8% in April to $6.58 trillion, following a record high in March of $9.12 trillion, according to data from CCData. This positive trend was interrupted after six months. Data: CCData. Experts attributed the trend reversal to escalating geopolitical tensions and a slowdown in inflows […]

AI translated

ForkLog 30 07.05.2024

Anthony Pompliano: Bitcoin’s Resilience Reaches New Heights

The 200 DMA has reached a new ATH above $50,000. This indicates that Bitcoin is “stronger than ever,” stated Anthony Pompliano, founder of Pomp Investments. Bitcoin’s 200 day moving average just hit a new all-time high. GBTC saw the first day of inflows in 78 days. Don’t get lulled to sleep by bitcoin going sideways. […]

AI translated

ForkLog 15 02.05.2024

Toncoin Rises Amid Pantera Capital Investment and Partnerships with Arkham and CryptoQuant

The cryptocurrency Toncoin (TON) has resumed its upward trajectory following an investment from venture firm Pantera Capital, which manages assets exceeding $5 billion, reports The Block.

AI translated

#CryptoQuant