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CryptoQuant community analyst Maartunn said in a post that the Bitcoin Inter-exchange Flow Pulse (IFP) indicator has turned bearish. The indicator measures market sentiment by monitoring bitcoin flows between spot and derivatives exchanges. When bitcoin inflows to derivatives exchanges increase, it usually corresponds to a bull market, and when outflows increase, it indicates a bear market trend.
Cryptoquant crypto analyst Maartunn released a chart report. Today, more than 1.07 billion USDC flowed into the centralized trading platform. Backtesting historical data, the increase of USDC in the trading platform usually has a positive impact on the price of Bitcoin. For example, after the FTX crash in December 2022, similar trades appeared every day, which finally coincided with the bottom characteristics of the bear market. Today at around 5:00 pm, more than $1 billion of USDC flowed into t...
CryptoQuant analyst Maartunn released data showing that the spot trading volume of the crypto market in 2024 is highly concentrated, with Binance accounting for 46.59% of the market share with a trading volume of 7.23 trillion dollars, leading the market. The top five exchanges (Binance, Bybit, Crypto.com, OKEx and Coinbase) together accounted for 81.24% of the market share, and medium-sized exchanges such as Upbit, Huobi and Bithumb Korea contributed significantly, but the individual market sha...
CryptoQuant analyst Maartunn posted on the X platform that the 60-day moving average of Bitcoin Coin Days Destroyed (CDD) has reached a six-year high. Note: CDD = dormant days x transfer amount. When bitcoins are spent, the Coin Days they hold are destroyed. CDD represents the sum of all the Coin Days spent.
CryptoQuant analyst Maartunn posted on social media to analyze the reasons why BTC prices fell back this morning, including: · Binance platform net order volume shows a large amount of selling, and buying power has slowed down BTC's surge is driven by leverage, with unpositioned squaring contracts up more than 15% The above two signals are superimposed when market sentiment is extremely greedy
CryptoQuant analyst Maartunn said in a post that 36% of Mt. Gox bitcoins have been distributed to creditors. Yesterday, the Mt. Gox custodian transferred 48,641 BTC from the relevant wallet to the Kraken exchange address. Subsequently, Kraken informed some users by email that they had received bitcoins from the custodian of Mt. Gox. As of yesterday, the custodian still held 141,686 BTC, which will be gradually distributed in the future.
