Whale activity and the dominance of stablecoins have pushed TRON to set a new USDT transfer record with $691B, pulling ahead of Ethereum in total USDT volume and utilization.
CryptoQuant
Bitcoin Hits Near All-Time Highs but Whales Hold Steady
Bitcoin is trading at $109K but whales’ action remain flat. Analyst identifies bull flag formation and possible explosion of BTC price to $144,000.
HYPERLIQUID (HYPE) Holds Above $35 After Massive Rally, Technicals Signal Bullish Trend
Although the HYPE market looks overbought for the time being, technical indicators still indicate an upward trend.
Inflows to USDT Wallets on Binance Are Mostly from Whales Since Late 2023
CryptoQuant data shows whales own almost three-quarters of all Binance’s USDT deposits, as they prefer TRC-20 for lower fees.
Binance Surpasses $100T: Unveiling 2024’s Jaw-Dropping Milestones
Binance emerged as the undisputed leader in CryptoQuant’s 2024 survey, earning top rankings in multiple categories. The survey, which was carried out on 1,478 cryptocurrency investors who are knowledgeable about data, pointed to the exchange as the most preferred centralized exchange. The number of people who stated Binance as their main exchange was more than […]
XRP, DOGE, ADA Soar: Altcoin Season Without Bitcoin?
Major altcoins like XRP, Dogecoin and Cardano are seeing rapid gains. Market experts usually associate Bitcoin’s rally as the onset of altcoins season. However, CryptoQuant CEO Ki Young Ju challenged this notion and highlights a significant shift in the dynamics of the altcoin market. Unlike the traditional narrative of an “altcoin season, the surge in […]
Bitcoin: Mystery Coinbase Seller Triggers Sell-Off
Bitcoin price plummeted on Thursday, dropping by over 5% in a matter of hours. While various factors contribute to the cryptocurrency market’s volatility, one particular selling activity has caught the attention of experts and fueled speculation: a large-scale seller operating on the Coinbase exchange. As per CryptoQuant’s analyst Maartunn, this mysterious seller has been consistently […]
Bitcoin’s Red Alert: 2020 Deja Vu?
A key metric in Bitcoin is flashing signs of an impending market correction. CryptoQuant’s latest insights shed light on BTC’s UTXO loss ratio, which shows the percentage of coins held at a loss. It has hit levels last seen in the market downturn of the 2020 bull cycle. This has sparked concerns as history suggests […]
Ethereum’s OI Soars Post-ETF Launch
Ethereum’s Open Interest [OI] has risen to $1.5 billion over the past three weeks, highlighting growing engagement in Ethereum trading. This significant surge reflects both bullish and bearish sentiments in the market, particularly in the context of the launch of spot ETFs. Open Interest shows the total number of outstanding contracts or positions—both long and […]
Ethereum Gas Fees Hit Rock Bottom: Price Rally Ahead?
The Ethereum gas fees have hit a new low in two months amidst a highly-awaited ETF approval. CryptoQuant’s latest analysis highlights the trend of ETH average gas fees [Gwei], indicating reduced network usage. In the chart below, the black line represents ETH prices, and the blue line represents the 7-day moving average gas fees. This […]