Bitcoin has fallen below its 365-day MA, spot and institutional demand have remained weak, and liquidity has tightened; all signs of a bear market. The crypto market is currently in a bearish season, as confirmed by on-chain indicators. Demand has waned, liquidity is tightening, and technical structure shows downside risk. The market research firm CryptoQuant […]
CryptoQuant Breaks Down Current Bear Market Signals Read More »
Ki Young Ju’s view challenges both crash narratives and quick-bull expectations, pointing instead to a prolonged period of low excitement. Bitcoin (BTC) inflows have dried up, according to CryptoQuant CEO Ki Young Ju, who said that the market is likely heading into several months of flat, uneventful price movement rather than a dramatic sell-off. His
CryptoQuant CEO: Bitcoin Enters ‘Boring’ Sideways Phase as Inflows Stall Read More »
Bitcoin (BTC) is currently at a critical point that could determine whether its price will bottom out or decline further in a correction like that seen in the summer of 2021. While some metrics suggest that the leading crypto asset has reached the bottom of its latest correction, others signal that there could be more
Bull or Bear Phase? CryptoQuant Says Bitcoin Is at a Pivotal Point Read More »
Last updated: February 27, 2024 11:57 EST | 2 min read United States investors’ activity has spurred growth in the cryptocurrency market leading to ETH price hikes in recent weeks, especially as anticipation of spot Ethereum ETF approvals builds up. A new market analysis from on-chain analytics firm CryptoQuant shows United States bulls are largely
CryptoQuant: US Institutional Demand Led to ETH Price Surge Read More »
Bitcoin reserves on the world’s largest cryptocurrency exchange, Binance, are rapidly depleting, according to data from blockchain analytics firm CryptoQuant. The outflow is notably shifting towards the premium digital asset platform of the US-based crypto exchange Coinbase. Providing more details, CryptoQuant points out that Coinbase Pro has so far received 12,000 Bitcoins while there has
