Huge Bitcoin outflows at Binance, BTC will soon crack $ 40,000?

The on-chain analysis shows huge Bitcoin outflows from the Binance crypto exchange. BTC could continue the rally and crack $ 40,000. Huge Bitcoin outflows at Binance As can be seen from a CryptoQuant post, the crypto exchange observed enormous BTC outflows on Monday. The Binance Outflows indicator shows the amount of Bitcoin that has been …

This bitcoin indicator could indicate that the bull run is still going on

The MVRV ratio, a bitcoin indicator, could suggest that the current bull run is not over yet and the price of the cryptocurrency has yet to peak. The MVRV ratio indicates that the cycle is not over yet As highlighted in a Crypto Quant post, past cycles appear to be following a certain pattern on …

Bitcoin on-chain data suggests a huge outflow from miners

Bitcoin on-chain data shows that miners have transferred huge amounts of coins to cryptocurrency exchanges. On-chain data suggests miners transferred 11,816 BTC to exchanges As can be seen from a CryptoQuant post, there was an enormous outflow of Bitcoin miners on July 20. The total runoff from that day is about 12,000. Here is a …

While Bitcoin falls below $ 30,000, stablecoins top the total supply of $ 100 billion

Bitcoin has fallen below the $ 30,000 mark, while stablecoins are growing strong as their total supply tops over $ 100 billion. The total stablecoin supply is now more than $ 100 billion According to a report by Arcane Research, total stablecoin supply has now passed the $ 100 billion mark while Tether’s dominance is …

Bitcoin Miners Have Started Selling, Bear Market Ahead?

Bitcoin on-chain data has shown miners have started selling more BTC on exchanges, an indicator that a bear market might be ahead. Miners to Exchanges flow has increased significantly As can be seen from a CryptoQuant article, the flow average of all miners to all exchanges for Bitcoin seems to have risen sharply last weekend. …

Finally a rare bullish bitcoin signal has surfaced

A rare bullish bitcoin signal, the difficulty band compression, has started to rise for the first time since the bull run began. The compression of the Bitcoin difficulty band increases As suggested by a BTC analyst Twitter, the tape compression difficulty appears to be increasing for the first time since the start of the Bull …

Ethereum shows deep negative net flows when foreign exchange reserves decline

Ethereum’s netflows appear to be negative on all exchanges right now as exchange reserves continue their downtrend. Ethereum reserves in the downtrend As can be seen from a CryptoQuant article, the ETH reserves are continuing a downward trend. The net flows of all exchanges are also very red. The Ethereum All Exchanges Reserve is an …

Bitcoin trading volume has dropped to its lowest level since 2020

Bitcoin trading volume has dropped to its lowest level since 2020, according to a report from Arcane Research. BTC trading volume drops to its lowest level since December 2020 According to a report by Arcane Research, Bitcoin trading volume hit a new daily low this weekend. The indicator had already slumped a week ago, but …

Bitcoin exchange reserves are trending down, are the whales starting to pile up?

The bitcoin reserve for all exchanges appears to be on a gradual downtrend, a sign that accumulation is ongoing. The Bitcoin All Exchanges Reserve is declining As mentioned in a Crypto Quant post, the BTC reserve for all exchanges looks like it has been going down in the past few weeks. The bitcoin reserve for …