CryptoQuant Quicktake's Profile

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🌏 TRON: Asia Leads the Charge in Blockchain Activity

Recent data from the Transfer Volume by Region Session chart highlights a clear trend: Asia has been dominating TRON's blockchain activity, with a significant share of the transfer volume occurring during Asian trading hours. This underscores the region's crucial role in shaping TRON's ecosystem and market dynamics.

However, an intriguing insight comes from the TRX: Asia Session Premium Gap, which currently shows a discount during Asian sessions compared to other timeframes. This indicates sell

TRX

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Ripple Surpasses $1 for the First Time in Three Years

Ripple (XRP) has successfully broken the $1 barrier for the first time in three years, propelling it to the 6th position among the top 10 cryptocurrencies by market capitalization, surpassing Dogecoin.

Simultaneously, with Ripple's price surge, the exchange reserve (Binance) has reached an all-time high of over 3.255 billion coins. Historically, an increase in exchange reserve has often been associated with higher selling pressure. Therefore, investors should remain cautious at these levels, as

XRP

DOGE

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Diamond Hands Show Reluctance to Sell Bitcoin on Binance

Binance, the largest centralized cryptocurrency exchange, plays a critical role in shaping Bitcoin’s supply and demand dynamics through its massive trading volumes. In this article, we’ll dive into the recent trends of Bitcoin inflows into Binance to assess potential selling pressure and the broader market sentiment.

To analyze potential sell-offs and Bitcoin inflow activity, the data is divided into two key categories:

-Age Bands: Categorizing Bitcoin inflows based on the UTXO age (the time s

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Investors Are Buying More !

Last week we witnessed a significant surge in stablecoin pair trade volume on Binance.

Increased stablecoin activity often reflects preparation for large moves, whether buying or selling.

In the same time, a significant inflow of stablecoins across all exchanges has occurred, potentially indicating positive market sentiment, with more liquidity ready to be invested.

Whether this leads to a bullish breakout or cautious repositioning, the elevated liquidity and volume highlights growing anticip

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Have We Reached the First Zone, Without Danger (MVRV, LTHs Supply)?

LTHs today do not see $90K as an enemy; there is profit-taking. Some of these investors have been here for many years, and for them, this first target would be a profit-taking zone.

The MVRV Ratio represents the average profit multiple of each Bitcoin, at the moment it is trading at 2.5 which means on a percentage basis around 150% in profit on paper, comparing the extreme levels of 3 and 4 (~200%) considered like market tops, it is still in the balance and ready to continue up to $100K.

The L

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Bitcoin Whales Are Still Accumulating.

Since the previous ATH in March, we can observe that whales started accumulating Bitcoin again this summer.

The whales' balance continues to grow and appears to have reached a new ATH.

It's interesting to note the balance of new whales, which has increased rapidly and could also indicate that more whales have been created recently.

Even with BTC around 90k, they haven't stopped accumulating, and most are holding, which is a sign of confidence in the market.

Written by Darkfost

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We Have Reached the First Zone, but Will It Be Critical or Will It Run At Full Speed?

LTHs today do not see $90K as an enemy; there is profit-taking. Some of these investors have been here for many years, and for them, this first target would be a profit-taking zone.

The MVRV Ratio represents the average profit multiple of each Bitcoin, at the moment it is being traded at 2.5 which means on a percentage basis around 150% in profit on paper, comparing the extreme levels of 3 and 4 are considered as tops is still found in balance and ready to continue until $100K.

On the other ha

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Price Chasers Indicate the Uptrend Is Powerful, but There May Be Short-term Issues.

The position of the price chasers (7d and 30d MAs) indicates that we are seeing intense, healthy buying pressure on Bitcoin, which is a very positive signal. The issue is that the gap between the fast and slow chasers is 19%, and this, in turn, leads to 2 possible scenarios:

1) Bitcoin takes a sideways position in the $87,000-$93,000 range for some time and then continues its upward movement to the $104,000-$120,000 range. We observed something similar from February to March 2024.

2) Bitcoin c

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At 5:05 AM on November 15, 2024, the NVT Golden Cross Metric Triggered a "local Bottom" Alert.

At 5:05 AM on November 15, 2024, the NVT Golden Cross metric triggered a "local bottom" alert.

Let me start with a warning:

A local bottom area is not a precise level.

🟢 What is the NVT Golden Cross?

The NVT GC helps identify (gradual) buy and sell zones in short-term trends.

When the NVT GC exceeds 2.2 points (red zone), it signals that the price in the short-term trend is overheating, indicating a potential local top area. Conversely, when the NVT GC drops below -1.6 points, it suggests

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Rising Stablecoin Flows At Derivatives Signal Potential Market Volatility

Recent trends show stablecoin netflows into derivative exchanges spiking in November, while spot markets remain at balance. This surge suggests increasing trader risk appetite, as stablecoins often signal readiness for leveraged positions.

Historically, such movements precede significant market volatility. The influx highlights potential sharp price swings, urging market participants to prepare for rapid fluctuations. Monitoring stablecoin flows can provide critical insights into evolving marke

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Institutional Demand and Declining Exchange Reserves: Bitcoin's New Market Dynamics

The approval of Bitcoin ETFs on January 11, 2024, has reshaped the cryptocurrency market. Unlike previous cycles, where price increases often led to rising exchange reserves as investors prepared to sell, this time reserves are declining as Bitcoin's price climbs.

This trend reflects a growing demand from institutional investors holding Bitcoin long-term, facilitated by ETFs. With Bitcoin's fixed supply and reduced availability on exchanges, this dynamic could drive a more sustained and pronoun

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MVRV Ratio Reaching 2.64 for the First Time Since March 2024

Profit-Taking Zone:

-Levels above 2 in the MVRV Ratio often indicate that many holders are sitting on significant unrealized gains. This can lead to profit-taking, as investors may see it as an opportune time to cash out, especially those who accumulated during lower MVRV levels.

- Previous instances, such as late 2021 and early 2022, saw corrections following MVRV ratios in the 2.5-3.5 range as profit-taking intensified.

Historical Peaks and Corrections:

-Historically, major market tops hav

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Are Early Miners Selling Bitcoin Heavily ?

Today we have seen some news about sales from miners of the Satoshi era.

When zooming out to compare these with historical sales, we observe that the outflow volume remains at a very low level.

Zooming in, we notice some recent sales averaging around 400 BTC.

In conclusion, these sales do not represent significant selling pressure that could impact BTC's price for now.

However, it may be worth monitoring these sales, as they could signal the beginning of a larger wave of selling activity.

W

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Growing Reserve

#ExchangeReserve have reached a high of $229 billion. While some on-chain indicators suggest that a local peak may be approaching, any short-term correction is likely to be light and brief due to the available capital. This capital is expected to provide a buying power with the market.

Written by joohyun ryu

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BTC Reserves on Exchanges Hit Lowest Since November 2018

Bitcoin reserves on exchanges in 2024 have reached the lowest level since November 2018.

This milestone represents a significant change in the behavior of investors, who are increasingly inclined to withdraw their assets from exchanges for long-term storage in private wallets.

This movement reduces the supply available for immediate sale, creating buying pressure in a tight supply environment.

As a result, the market may see a trend towards Bitcoin's appreciation, especially if demand remains

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☀ SunSwap: Ready for Round 2?

SunSwap's transaction count is on the rise again. The TRON-based decentralized trading protocol captured significant attention earlier this year, peaking in August 2024 with over 500,000 daily transactions. On some of those days, Wrapped TRX (WTRX) alone saw more than 250,000 transactions.

In the past week, SunSwap is heating up once more. For instance, on November 13, 2024, it processed 39,400 transactions, with Wrapped TRX accounting for 26,100 (66%) of these. While this is still below August

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ETH Selling Pressure Remains on Binance.

The taker buy-sell ratio is a key metric for gauging short-term market sentiment.

The taker buy-sell ratio on Binance remains bearish, as it has been below 1 most of the time over the past month.

This indicates that traders are more willing to sell than buy ETH, which could explain why ETH is currently underperforming compared to BTC.

Written by Darkfost

ETH

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Bitcoin Bull Market Fueled By Stablecoin Inflows: Will the Uptrend Continue?

Stablecoins entering spot exchanges act as fuel in the market. To confirm the continuity of trends, it is necessary to examine the stablecoins entering or leaving spot exchanges. When we look at the stablecoins entering spot exchanges to verify whether the ongoing uptrend in Bitcoin will continue, it is observed that there is a continuation of a higher-than-normal influx of stablecoins. This suggests that, barring any additional news flow, the Bitcoin bull market has not yet ended.

Written by t

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Binance and Other Exchanges Break Records With Skyrocketing Bitcoin Futures Contracts

With Bitcoin’s recent sharp price surge and the achievement of new all-time highs, the futures market for Bitcoin, particularly with the BTC/USDT pair, has become exceptionally overheated. Recent metrics, which assess trading volume across both spot and futures markets on centralized exchanges, indicate that trading volume for BTC/USDT has hit new peaks. Binance, holding the highest share of this volume, leads in futures trading activity.

In the past few days, the cumulative futures trading vol