Julio Moreno
@jjcmonero.bsky.social
Head of Research @CryptoQuant_com | Data-driven analysis of Bitcoin and digital assets.
If you see a large outflow at the block level like the ones in the chart below, the first thing to think is that is an internal transfer to a new exchange address.
In this case it was.
Exchanges move their funds to new addresses from time to time.
In this case it was.
Exchanges move their funds to new addresses from time to time.
July 12, 2024 at 3:35 AM
If you see a large outflow at the block level like the ones in the chart below, the first thing to think is that is an internal transfer to a new exchange address.
In this case it was.
Exchanges move their funds to new addresses from time to time.
In this case it was.
Exchanges move their funds to new addresses from time to time.
One of my favorites metrics to assess Bitcoin demand: The permanent holders.
July 12, 2024 at 3:35 AM
One of my favorites metrics to assess Bitcoin demand: The permanent holders.
Profesor juanrallo, vi su video donde habla del consumo de electricidad de Bitcoin.
Qué opina de la idea de que la red de Bitcoin en realidad no consume electricidad?
Los mineros consumen electricidad porque quieren recibir Bitcoin como recompensa al encontrar un bloque válido.
Qué opina de la idea de que la red de Bitcoin en realidad no consume electricidad?
Los mineros consumen electricidad porque quieren recibir Bitcoin como recompensa al encontrar un bloque válido.
July 12, 2024 at 3:35 AM
Profesor juanrallo, vi su video donde habla del consumo de electricidad de Bitcoin.
Qué opina de la idea de que la red de Bitcoin en realidad no consume electricidad?
Los mineros consumen electricidad porque quieren recibir Bitcoin como recompensa al encontrar un bloque válido.
Qué opina de la idea de que la red de Bitcoin en realidad no consume electricidad?
Los mineros consumen electricidad porque quieren recibir Bitcoin como recompensa al encontrar un bloque válido.
Pero este consumo es independiente del valor de Bitcoin o de las transacciones en la red.
La red podría operar de igual forma con órdenes de magnitud menos de consumo de electricidad por parte de los mineros.
Qué le parece esa idea?
La red podría operar de igual forma con órdenes de magnitud menos de consumo de electricidad por parte de los mineros.
Qué le parece esa idea?
July 12, 2024 at 3:34 AM
Pero este consumo es independiente del valor de Bitcoin o de las transacciones en la red.
La red podría operar de igual forma con órdenes de magnitud menos de consumo de electricidad por parte de los mineros.
Qué le parece esa idea?
La red podría operar de igual forma con órdenes de magnitud menos de consumo de electricidad por parte de los mineros.
Qué le parece esa idea?
New Bitcoin whales are now realizing losses, $1B in the last two weeks.
Previously they sold at a profit in Q1.
Old whales realized profits at the start of June.
Previously they sold at a profit in Q1.
Old whales realized profits at the start of June.
July 12, 2024 at 3:33 AM
New Bitcoin whales are now realizing losses, $1B in the last two weeks.
Previously they sold at a profit in Q1.
Old whales realized profits at the start of June.
Previously they sold at a profit in Q1.
Old whales realized profits at the start of June.
Monitor German Gov selling in this dashboard from JA_Maartun.
July 12, 2024 at 3:33 AM
Monitor German Gov selling in this dashboard from JA_Maartun.
If you enjoy my charts or the charts of others, please repost.
Don't just steal the content, give credit to the creator.
I basically don't block anyone, but I may start with people that steal my charts and analysis.
Don't just steal the content, give credit to the creator.
I basically don't block anyone, but I may start with people that steal my charts and analysis.
July 12, 2024 at 3:32 AM
If you enjoy my charts or the charts of others, please repost.
Don't just steal the content, give credit to the creator.
I basically don't block anyone, but I may start with people that steal my charts and analysis.
Don't just steal the content, give credit to the creator.
I basically don't block anyone, but I may start with people that steal my charts and analysis.
Bitcoin Metcalfe Price Valuation suggests $56K should be a support for price, otherwise the correction could be more severe.
Monitor valuation metrics in the dashboard below.
Monitor valuation metrics in the dashboard below.
July 12, 2024 at 3:31 AM
Bitcoin Metcalfe Price Valuation suggests $56K should be a support for price, otherwise the correction could be more severe.
Monitor valuation metrics in the dashboard below.
Monitor valuation metrics in the dashboard below.
[Research] Bitcoin Price Valuation | CryptoQuant
Customize what you see with our dashboard.
t.co
July 12, 2024 at 3:30 AM
On a valuation perspective, Bitcoin is at a level where it is bottom or major correction summer-of-2021 style.
July 12, 2024 at 3:29 AM
On a valuation perspective, Bitcoin is at a level where it is bottom or major correction summer-of-2021 style.
Besides all the nonsense, how do you unlock my UTXO if I don't provide my digital signature?
July 12, 2024 at 3:29 AM
Besides all the nonsense, how do you unlock my UTXO if I don't provide my digital signature?
Bitcoin miner capitulation has reached levels comparable to December 2022: 7.6% drawdown.
December 2022 marked the cycle bottom after the FTX colapse.
December 2022 marked the cycle bottom after the FTX colapse.
July 12, 2024 at 3:28 AM
Bitcoin miner capitulation has reached levels comparable to December 2022: 7.6% drawdown.
December 2022 marked the cycle bottom after the FTX colapse.
December 2022 marked the cycle bottom after the FTX colapse.
[Research] Bitcoin Miners | CryptoQuant
Customize what you see with our dashboard.
t.co
July 12, 2024 at 3:28 AM
Bitcoin demand is decreasing again, -23K Bitcoin in the last 30 days, hence the price correction.
The apparent demand calculation is used a lot to estimate demand for commodities. It compares production and inventory changes to estimate if demand is growing or not.
The apparent demand calculation is used a lot to estimate demand for commodities. It compares production and inventory changes to estimate if demand is growing or not.
July 12, 2024 at 3:27 AM
Bitcoin demand is decreasing again, -23K Bitcoin in the last 30 days, hence the price correction.
The apparent demand calculation is used a lot to estimate demand for commodities. It compares production and inventory changes to estimate if demand is growing or not.
The apparent demand calculation is used a lot to estimate demand for commodities. It compares production and inventory changes to estimate if demand is growing or not.
Bitcoinminer MarathonDH announced it has started mining another Proof-of-Work coin (Kaspa) to diversify its operations.
The company has been experiencing lower Bitcoin production since last December and sold 1,000Bitcoin from its reserves early in June.
Dashboard in the next post
The company has been experiencing lower Bitcoin production since last December and sold 1,000Bitcoin from its reserves early in June.
Dashboard in the next post
July 12, 2024 at 3:27 AM
Bitcoinminer MarathonDH announced it has started mining another Proof-of-Work coin (Kaspa) to diversify its operations.
The company has been experiencing lower Bitcoin production since last December and sold 1,000Bitcoin from its reserves early in June.
Dashboard in the next post
The company has been experiencing lower Bitcoin production since last December and sold 1,000Bitcoin from its reserves early in June.
Dashboard in the next post
Track Bitcoin mining companies production, holdings and selling activity in real-time in this dashboard.
t.co/YXQyaIcOuo
t.co/YXQyaIcOuo
Tracking Bitcoin Mining Companies On-chain | CryptoQuant
Customize what you see with our dashboard.
t.co
July 12, 2024 at 3:24 AM
Track Bitcoin mining companies production, holdings and selling activity in real-time in this dashboard.
t.co/YXQyaIcOuo
t.co/YXQyaIcOuo
Bitcoin miners entering into AI and now other Proof-of-Work coins it's all you need to know about how tough things are.
July 12, 2024 at 3:24 AM
Bitcoin miners entering into AI and now other Proof-of-Work coins it's all you need to know about how tough things are.
Bitcoin miners capitulating?
- Network hashrate is down 6% since its April 24 all-time-high.
- Hashrate now stands at its lowest leve since March 17.
- Network hashrate is down 6% since its April 24 all-time-high.
- Hashrate now stands at its lowest leve since March 17.
July 12, 2024 at 3:23 AM
Bitcoin miners capitulating?
- Network hashrate is down 6% since its April 24 all-time-high.
- Hashrate now stands at its lowest leve since March 17.
- Network hashrate is down 6% since its April 24 all-time-high.
- Hashrate now stands at its lowest leve since March 17.
Bitcoin miners capitulating?
- Network hashrate is down 6% since its April 24 all-time-high.
- Hashrate now stands at its lowest leve since March 17.
- Network hashrate is down 6% since its April 24 all-time-high.
- Hashrate now stands at its lowest leve since March 17.
July 12, 2024 at 3:23 AM
Bitcoin miners capitulating?
- Network hashrate is down 6% since its April 24 all-time-high.
- Hashrate now stands at its lowest leve since March 17.
- Network hashrate is down 6% since its April 24 all-time-high.
- Hashrate now stands at its lowest leve since March 17.
Bitcoin price ultimate support level is $56K based on Metcalfe price valuation bands (red line).
This metric marked resistance/tops in the previous cycle, but acted as support back in May.
Below this level a major correction could occur.
This metric marked resistance/tops in the previous cycle, but acted as support back in May.
Below this level a major correction could occur.
July 12, 2024 at 3:20 AM
Bitcoin price ultimate support level is $56K based on Metcalfe price valuation bands (red line).
This metric marked resistance/tops in the previous cycle, but acted as support back in May.
Below this level a major correction could occur.
This metric marked resistance/tops in the previous cycle, but acted as support back in May.
Below this level a major correction could occur.
[Research] Bitcoin Price Valuation | CryptoQuant
Customize what you see with our dashboard.
t.co
July 11, 2024 at 8:04 PM
What's happening right now with Bitcoin prices is mostly related to a lack of demand growth or momentum from traders, whales, ETFs, etc. See the chart below.
We have been writing about this for several weeks now.
See our latest report in the next post.
We have been writing about this for several weeks now.
See our latest report in the next post.
July 11, 2024 at 8:01 PM
What's happening right now with Bitcoin prices is mostly related to a lack of demand growth or momentum from traders, whales, ETFs, etc. See the chart below.
We have been writing about this for several weeks now.
See our latest report in the next post.
We have been writing about this for several weeks now.
See our latest report in the next post.
The Bitcoin market is the least bullish since September 2023.
July 11, 2024 at 8:00 PM
The Bitcoin market is the least bullish since September 2023.
Join us in a few minutes to talk about TON.
July 11, 2024 at 7:59 PM
Join us in a few minutes to talk about TON.
Bitcoin is now below short-term support levels (Trader's On-chain realized price) . It may decline to around $60K.
Demand dynamics like trader and large investor buying, stablecoins liquidity and US investor interest lack momentum.
Read our latest report in the next post 👇
Demand dynamics like trader and large investor buying, stablecoins liquidity and US investor interest lack momentum.
Read our latest report in the next post 👇
July 11, 2024 at 7:55 PM
Bitcoin is now below short-term support levels (Trader's On-chain realized price) . It may decline to around $60K.
Demand dynamics like trader and large investor buying, stablecoins liquidity and US investor interest lack momentum.
Read our latest report in the next post 👇
Demand dynamics like trader and large investor buying, stablecoins liquidity and US investor interest lack momentum.
Read our latest report in the next post 👇