CryptoQuant

Is Bitcoin gearing up for a Q4 rally? Historically, Bitcoin often gains in the fourth quarter during bull cycles, especially in halving years like 2012, 2016, and 2020, where it rose by 9%, 59%, and 171% respectively. This year is tracking similarly so far. However, demand needs to pick up for this trend to continue. Since July, demand has been stagnant. The good news? U.S. spot ETFs have resumed buying, net purchasing 7K Bitcoin in September. With recovering demand and favorable seasonality, Bitcoin could target $85K–$100K in Q4. Check out our dashboard to see all the latest data: https://lnkd.in/dm6WNpTG #bitcoin #bitcoinetf #btc #cryptoquant

On-chain data shows an increase in #Bitcoin outflows from exchanges - all three 30-, 50-, and 100-day moving averages show this. This is the largest withdrawal of Bitcoin from exchanges since November 2022. #BTCUSDT #BTCNews #cryptocurrency #CryptoNews #Altcoins #ETH #etherium

Bitcoin Spot ETFs: New Opportunities with Options Trading Options trading for Bitcoin spot ETFs, like Blackrock’s IBIT, has been approved by the SEC, which is expected to boost liquidity and attract long-term investors. This move provides new opportunities for hedging, speculation, and earning yield on Bitcoin holdings through selling covered calls. However, this could also lead to an increase in the “paper” supply of Bitcoin. As more instruments become available, we expect broader adoption and new strategies for Bitcoin holders. For deeper insights, explore our dashboard today: https://lnkd.in/gy9MhnK6 #btc #bitcoin #bitcoinetf #options #cryptoquant

We’re excited to announce our successful integration of Ripple data into CryptoQuant! This collaboration opens up significant opportunities for our users to comprehensively understand the XRPL blockchain. Whether refining your investment strategy or exploring blockchain analytics, our insights are designed to enhance your decision-making processes. Explore the dashboard: https://lnkd.in/dcyRM4Yt #cryptoquant #xrpl #ripple #xrp

The race for wrapped Bitcoin is heating up. Coinbase recently launched cbBTC, and it’s already grown faster than others in the market. While BitGo’s WBTC remains dominant, Coinbase is expanding its DeFi reach on Ethereum and Base. There’s great potential for cbBTC with over 1M Bitcoin held on Coinbase’s platform. However, transparency concerns are being raised as Coinbase doesn’t disclose Bitcoin addresses as WBTC does. Want to dive deeper into this new race? Explore all the data and analysis on our dashboard: https://lnkd.in/dheMQg3a #cryptoquant #cbbtc #wbtc #btc #coinbase

Negatively Correlated: Bitcoin Decouples From Gold as Bearish Phase Continues Bitcoin remains in a bearish phase with key indicators signaling further downside. The Bull-Bear Market Cycle Indicator has stayed in bear territory since August, and the MVRV ratio has been below its 365-day average, pointing to potential corrections ahead. Long-term holders are also selling at lower profit margins, suggesting weak demand. Additionally, Bitcoin has decoupled from gold. As gold hits record highs, Bitcoin prices continue to decline, marking a risk-averse environment where investors favor traditional safe-haven assets like gold. Find out more in our latest market insights: https://lnkd.in/dkpjKwkB #cryptoquant #bitcoin #btc #gold

Ethereum's Underperformance vs. Bitcoin Two years after Ethereum’s switch to Proof-of-Stake in The Merge, it has underperformed Bitcoin by 44%. The ETH/BTC price stands at 0.0425, the lowest since April 2021, and even after the ETH spot ETF approval in July, Ethereum has fallen another 18%. Network activity and supply dynamics are key factors. Ethereum’s transaction fees and activity have declined, while its total supply has reached 120.323 million ETH, the highest since May 2023. Further underperformance against Bitcoin is possible, with ETH still above undervaluation levels. View our dashboard for further insights and live data: https://lnkd.in/d38esyxX #eth #btc #ethereum #bitcoin #cryptoquant

Bitcoin Demand Remains Muted Bitcoin demand in the US spiked last Friday after Fed Chairman Jerome Powell hinted at the possibility of lower interest rates, driving Bitcoin’s price up over 6% to $65K, the highest since August. This surge was fueled by increased US investor activity, as evidenced by the Bitcoin price premium on Coinbase reaching its highest level since July, and a notable flow of Bitcoin from exchanges outside the US to Coinbase. Open interest in Bitcoin perpetual futures also rose by nearly 10K Bitcoin. However, despite this rally last week, overall Bitcoin demand growth remains muted and has recently turned negative. For Bitcoin to sustain and build on this recovery, we’ll need to see a significant expansion in overall demand, which has been weak since April when Bitcoin was trading at $70K. See our dashboard for more: https://lnkd.in/dbiviUEk #cryptoquant #btc #bitcoin

Most Bitcoin Metrics Still Signal Weak Demand Dynamics Bitcoin demand remains weak, with metrics signaling a slowdown since early April. Large investors’ holdings have slowed from 6% monthly growth in March to just 1% now. Spot ETF purchases in the USA have dropped significantly, leading to lower price premiums on exchanges like Coinbase. While demand growth remains sluggish, long-term holders are still accumulating Bitcoin at record levels, and stablecoin market cap has hit a new high of $165 billion, signaling rising liquidity in the crypto market. Demand must pick up for sustainable price recovery and new highs. Explore the live data: https://lnkd.in/dqDENCzB #btc #bitcoin #crypto #cryptoquant

Bitcoin Miners Face Pressure Amid Record-High Hashrate Bitcoin’s network hashrate hit an all-time high this week, even as prices remain ~19% below their peak. Miners are expanding capacity, but challenges persist. Last week, miner outflows spiked to 19K BTC as operating profit margins squeezed to 25%, the lowest since January. Some miners even sold reserves at a $22M loss. With high difficulty and low prices, more miner selling could be on the horizon. Historically, such miner capitulation has signaled local bottoms during bull markets. See our Bitcoin Miner dashboard for more: https://lnkd.in/dkvEzmtr #Bitcoin #Crypto #BitcoinMining #Blockchain #CryptoQuant #BTC