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Old #Bitcoin is moving.
Someone(s) broke an old piggy bank and distributed its contents, likely through OTC deals.
The average dormancy of $BTC reached a five-year high just a few days ago.
cryptoquant.com/asset/btc/ch…
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We've got some newbies
We need to remember that the entry price for these #Bitcoin spot ETF buyers is around $42K.
You will thank me in 2 years.
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Stablecoin/CBDCs = Censored Internet Money
#Bitcoin = Censorship-resistant Internet Money
CBDCs and stablecoins may get widely used at first, but people would revert to Bitcoin eventually.
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#Bitcoin spot ETF off-chain fund flows dashboard.
Please give us some feedback so that we can create a dashboard better than Bloomberg's.
cryptoquant.com/analytics/da…
Introducing the #Bitcoin Spot ETF Fund Flow Dashboard!
Explore the ETF fund flows for BlackRock, Grayscale, Fidelity, Bitwise, ARK/21 Shares, Invesco/Galaxy, Valkyrie, VanEck, Franklin Templeton, and WisdomTree.
Feel free to share any feedback!
cryptoquant.com/analytics/da…
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We need to remember that the entry price for these #Bitcoin spot ETF buyers is around $42K.
You will thank me in 2 years.
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#Bitcoin in distribution phase, not fully distributed to retailers. Short-term correction possible; long-term bull market cycle ongoing until fully distributed.
cryptoquant.com/asset/btc/ch…
$BTC accumulation level reached a 7-year high.
Over 6-month-old Bitcoins now take 74% of the realized cap. It was 70%, and 77% at the last bottoms in 2019, and 2015 respectively.
Imagine you buy Bitcoins and do nothing over six months. You know how hard it is.
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There's a narrative circulating that the current Bitcoin price correction is due to GBTC selling Bitcoin. IS NOT.
GBTC has sold about 60K Bitcoin. The other ETFs combined have net purchased about 72K Bitcoin.
The selling has come from Bitcoin holders (short-term traders and whales) as they took profits after last year's rally (ETF approval was "sell-the-news" event).
We have been writing about this for the last month. Check our latest weekly report: cryptoquant.com/insights/res…
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$BTC Coinbase Price Premium turns negative, signaling bearish sentiment in the US.
cryptoquant.com/asset/btc/ch…
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On-chain data appears to be a leading indicator for ETF fund execution.
There's still a 19.5k $BTC gap between on-chain $GBTC Bitcoin holdings and off-chain disclosures, indicating on-going pressure on GBTC.
cryptoquant.com/analytics/da…
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The legendary CryptoQuant intern warning me that $BTC would experience a correction to $36.7k.
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It seems like APY spikes when the manipulators are working hard.
got a script saving stable lending apy on tier 1 & tier 2 exchanges every couple hours
depends on the borrowing demand and new user offer.
usually okx usdt & usdc lending apy spikes for one or two hours per days, it happened a lot during TRB manipulation. real yield is closer to sub 10%
on kucoin however second half of november and most of december usdt was lending apy was consistently in the 30-40% range.
bybit lending has consistently the worst lender apy
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$ETH staking now at 24% of total supply, with only 11% on exchanges.
Tbh, I expected significant unstaking activities after the Shapella upgrade, but the staking rate is still increasing.
cryptoquant.com/analytics/da…
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Based on this data from Ki AND based on sources i've spoken to directly. $GBTC flows are not T+1. That -$594 million outflow yesterday actually occurred yesterday and did *NOT* occur Friday.
Yesterday, around 8k $BTC flowed out from Grayscale wallets. Currently, the wallets hold 587.5k #Bitcoin.
Check the red arrow to see the impact.
cryptoquant.com/analytics/qu…
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Yesterday, around 8k $BTC flowed out from Grayscale wallets. Currently, the wallets hold 587.5k #Bitcoin.
Check the red arrow to see the impact.
cryptoquant.com/analytics/qu…
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South Korean financial authorities currently prohibit domestic investment and issuance of #Bitcoin spot ETFs.
It's likely a temporary decision tho.
Global offshore TradFi institutions are expected to enter the market via spot ETF exposures eventually.
biz.chosun.com/stock/finance…
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Publicly-traded #Bitcoin mining companies' stocks are a little bit overvalued in terms of their potential revenue.
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If you want to know when #Bitcoin's fundamentals stop growing, just check the hashrate.
It keeps reaching all-time highs every month.
cryptoquant.com/asset/btc/ch…
