Whales are no longer withdrawing $BTC out of the exchange. This might be too early, but I bet short-term bearish.
The fact that whales don't withdraw means that $BTC is available for selling. If whales think the price will go up, they'll withdraw $BTC a lot.
I don't know when it'll start, but if the price drops, whales will react to the price and make high volatility.
Analyst: Ki Young Ju | View Pro Chart | @cryptoquant_official
The fact that whales don't withdraw means that $BTC is available for selling. If whales think the price will go up, they'll withdraw $BTC a lot.
I don't know when it'll start, but if the price drops, whales will react to the price and make high volatility.
Analyst: Ki Young Ju | View Pro Chart | @cryptoquant_official
I called short-term bearish based on miner-selling, whale activeness on exchanges, and no whale withdrawals. but I knew enough exchange stablecoin reserve would break $20k by this year.
If ATH(All time high) rejection happens, it could be a huge pullback as whales would sell BTC heavily. We'll see.
Analyst: Ki Young Ju | @cryptoquant_official
If ATH(All time high) rejection happens, it could be a huge pullback as whales would sell BTC heavily. We'll see.
Analyst: Ki Young Ju | @cryptoquant_official
Whales are depositing $BTC back to the exchanges.
These days, the buying pressure is so intense that the price is surging despite whale-selling. I think longing BTC with high leverage is not a good idea for now. Be careful with your investment.
Analyst: Ki Young Ju | View Chart | @cryptoquant_official
These days, the buying pressure is so intense that the price is surging despite whale-selling. I think longing BTC with high leverage is not a good idea for now. Be careful with your investment.
Analyst: Ki Young Ju | View Chart | @cryptoquant_official
Institutional buyers are active in the BTC market.
Fund Flow Ratio for all exchanges says only 6% of the network transactions are used for exchange deposits/withdrawals.
This kind of situation happened in Feb 2019 as well when major exchanges launched OTC desks.
Analyst: Ki Young Ju | View Chart | What Happened in Feb 2019 | @cryptoquant_official
Fund Flow Ratio for all exchanges says only 6% of the network transactions are used for exchange deposits/withdrawals.
This kind of situation happened in Feb 2019 as well when major exchanges launched OTC desks.
Analyst: Ki Young Ju | View Chart | What Happened in Feb 2019 | @cryptoquant_official
CryptoQuant
Whales are depositing $BTC back to the exchanges. These days, the buying pressure is so intense that the price is surging despite whale-selling. I think longing BTC with high leverage is not a good idea for now. Be careful with your investment. Analyst:…
Whales are depositing $BTC
+ Miners are selling $BTC
+ No exchange withdrawals from whales
+ $20K rejection
= Huge pullback ($19.9k -> $18k)
Analyst: Ki Young Ju | @cryptoquant_official
+ Miners are selling $BTC
+ No exchange withdrawals from whales
+ $20K rejection
= Huge pullback ($19.9k -> $18k)
Analyst: Ki Young Ju | @cryptoquant_official
$BTC All Exchanges Inflow Mean surged to 32 BTC
(23:37 UTC / Dec 01, 2020)
View Chart | @cryptoquant_official
(23:37 UTC / Dec 01, 2020)
View Chart | @cryptoquant_official
Spot reserves flat and derivatives reserves increasing.
People are using futures to leverage up.
Only 4 historically similar cases, so it could go either way. One thing is consistent though; it marks local tops or local bottoms and is followed by a lot of volatility.
Analyst: Charles Edwards | View Chart | @cryptoquant_official
People are using futures to leverage up.
Only 4 historically similar cases, so it could go either way. One thing is consistent though; it marks local tops or local bottoms and is followed by a lot of volatility.
Analyst: Charles Edwards | View Chart | @cryptoquant_official
Piggybacking off Charles Edwards' analysis.
Rate of change for derivative exchange reserve flow greater than 1.5 has produced varying levels of price weakness in 2020. Whereas, ROC below 0 has been positively correlated to price.
Currently, ROC has lept above 1.5, which could be signaling some price weakness for $BTC on the horizon given investors are levering longs at the top of the cycle. Current funding rates indicate more levered longs vs shorts as well.
Given the small sample size, some discounting is prudent.
Analyst: Christopher Brookins | View Chart | @cryptoquant_official
Rate of change for derivative exchange reserve flow greater than 1.5 has produced varying levels of price weakness in 2020. Whereas, ROC below 0 has been positively correlated to price.
Currently, ROC has lept above 1.5, which could be signaling some price weakness for $BTC on the horizon given investors are levering longs at the top of the cycle. Current funding rates indicate more levered longs vs shorts as well.
Given the small sample size, some discounting is prudent.
Analyst: Christopher Brookins | View Chart | @cryptoquant_official
BTC market is becoming uncertain to derivative traders.
In Binance futures,
Open interest is increasing📈
The estimated leverage ratio is decreasing 📉
Volatility in the short-term could be smaller than we think as there is less probability of cascade liquidations.
View Chart | @cryptoquant_official
In Binance futures,
Open interest is increasing📈
The estimated leverage ratio is decreasing 📉
Volatility in the short-term could be smaller than we think as there is less probability of cascade liquidations.
View Chart | @cryptoquant_official
This $20k battle would be $BTC OG whales versus retail investors. And I'm on their side, short-term bearish.
I know on-chain data can't tell the inflows of inst. spot bids. But it looks like current BTC whales(OGs) stopped their move that was good for the bull rally. You can see my thread with some charts on Twitter.
I'm long-term bullish, but I think it'll go sideways for a few days or get corrected. I think we can't break 20k in the short-run. I expect it'll break 20k at the end of this year. (I'm not a PA trader tho)
Analyst: Ki Young Ju | View Pro Chart | @cryptoquant_official
I know on-chain data can't tell the inflows of inst. spot bids. But it looks like current BTC whales(OGs) stopped their move that was good for the bull rally. You can see my thread with some charts on Twitter.
I'm long-term bullish, but I think it'll go sideways for a few days or get corrected. I think we can't break 20k in the short-run. I expect it'll break 20k at the end of this year. (I'm not a PA trader tho)
Analyst: Ki Young Ju | View Pro Chart | @cryptoquant_official
Novice with CQ ProCharts:
It looks like inflows are increasing on spot exchanges. Heavy inflows usually is predictive of a sideways/bearish market and can be a early sign of Leading whales making a move.
I have adjusted the signal line down to 1.35 to avoid massive sell offs with a slight reduction in ROI. I am comfortable getting out of a profitable trade early before a major downturn.
Still learning CQ Pro Charts!
Analyst: Sinjin Smith | View Pro Chart | @cryptoquant_official
It looks like inflows are increasing on spot exchanges. Heavy inflows usually is predictive of a sideways/bearish market and can be a early sign of Leading whales making a move.
I have adjusted the signal line down to 1.35 to avoid massive sell offs with a slight reduction in ROI. I am comfortable getting out of a profitable trade early before a major downturn.
Still learning CQ Pro Charts!
Analyst: Sinjin Smith | View Pro Chart | @cryptoquant_official
Some expect BTC price might fall in the long run due to the #Tether scam.
Stablecoins reserve on all exchanges says other #stablecoins are competing to overtake USDT's market share.
If they eat into $USDT market share, it would be less chance to plunge due to scam revealing.
Analyst: Ki Young Ju | View Pro Chart | @cryptoquant_official
Stablecoins reserve on all exchanges says other #stablecoins are competing to overtake USDT's market share.
If they eat into $USDT market share, it would be less chance to plunge due to scam revealing.
Analyst: Ki Young Ju | View Pro Chart | @cryptoquant_official
Whale Ratio on $BTC spot exchanges indicates the short-term bearish trend started.
Historically, if this indicator goes above 95%, meaning 95% of deposits are from the top 10 deposits, the market is likely to be bearish or going sideways. If helpful, here's historical data.
Analyst: Ki Young Ju | View Chart | @cryptoquant_official
Historically, if this indicator goes above 95%, meaning 95% of deposits are from the top 10 deposits, the market is likely to be bearish or going sideways. If helpful, here's historical data.
Analyst: Ki Young Ju | View Chart | @cryptoquant_official
Looking at Exchange Whale Ratio(EWR; 90d MA) signal, here's my observation.
Ki said the EWR is for a buying and selling signal, but I think this indicator is more meaningful as a selling indicator.
In these two mass-dumping situations, it looks like traders were eager to go for longs fastly when MA90 of this indicator started moving down a bit. And they got rekted.
Analyst: @dimasvz | View Pro Chart | @cryptoquant_official
Ki said the EWR is for a buying and selling signal, but I think this indicator is more meaningful as a selling indicator.
In these two mass-dumping situations, it looks like traders were eager to go for longs fastly when MA90 of this indicator started moving down a bit. And they got rekted.
Analyst: @dimasvz | View Pro Chart | @cryptoquant_official
Some casual bull posting.
The stablecoin supply ratio is still quite low, which is good.
The lower the ratio the more buying power stablecoins have.
Good day lads.
Analyst: Byzantine General | View Pro Chart | @cryptoquant_official
The stablecoin supply ratio is still quite low, which is good.
The lower the ratio the more buying power stablecoins have.
Good day lads.
Analyst: Byzantine General | View Pro Chart | @cryptoquant_official
If you post a decent analysis using our chart on Twitter, please tag us or DM to @jenny_kk
We'll promote it with retweets, posting on Telegram channel @cryptoquant_official and newsletter.
We'll promote it with retweets, posting on Telegram channel @cryptoquant_official and newsletter.
Derivs reserves are going up along with the estimated global leverage ratio, although the leverage is still quite low.
I don't think we resolve this range just yet.
Need more tension to build up.
Analyst: Byzantine General | View Pro Chart | @cryptoquant_official
I don't think we resolve this range just yet.
Need more tension to build up.
Analyst: Byzantine General | View Pro Chart | @cryptoquant_official
$ETH
Ethereum exchange reserves still on a steady decline.
Interesting to see how the two previous "tops" in reserves also indicated nearly where the bottom in the ETH USD price was.
Good metric to keep an eye on.
Analyst: Daan Crypto Trades | View Pro Chart | @cryptoquant_official
Ethereum exchange reserves still on a steady decline.
Interesting to see how the two previous "tops" in reserves also indicated nearly where the bottom in the ETH USD price was.
Good metric to keep an eye on.
Analyst: Daan Crypto Trades | View Pro Chart | @cryptoquant_official
1/3 Bitcoin Miner Reserve
In 2018, the miner reserves started declining. The BCH hard fork in November led to the capitulation of many small miners and also led to a 50% price drop on BTC and a larger drop on ETH.
When the miner reserves started going sideways in 2019 March, the price went bullish from 4k to 14k. We are noticing a similar behavior in 2020 now. Combined with the healthy network demand, this behavior shows that a much higher upside for BTC price action is pending.
Analyst: JarvisLabs | View Pro Chart | @cryptoquant_official
In 2018, the miner reserves started declining. The BCH hard fork in November led to the capitulation of many small miners and also led to a 50% price drop on BTC and a larger drop on ETH.
When the miner reserves started going sideways in 2019 March, the price went bullish from 4k to 14k. We are noticing a similar behavior in 2020 now. Combined with the healthy network demand, this behavior shows that a much higher upside for BTC price action is pending.
Analyst: JarvisLabs | View Pro Chart | @cryptoquant_official
Price, volume and open interest for Bitmex (bearish) and Binance (bullish).
In fact, only Bitmex is showing the bearish signs. The rest look similarly to Binance.
Let's see who is driving the market.
Analyst: CryptoHamster | View Chart | @cryptoquant_official
In fact, only Bitmex is showing the bearish signs. The rest look similarly to Binance.
Let's see who is driving the market.
Analyst: CryptoHamster | View Chart | @cryptoquant_official