News #on-chain data
On-chain data News
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Coinbase Premium for BTC Hits Monthly Low After Senate Nixes CLARITY ActCoinbase Premium for BTC drops to a one-month low after the Senate rejects the CLARITY Act. U.S. trader demand cools, with BTC hitting exchanges at a BIS Flags Major Gaps in Bitcoin On-Chain Transfer MetricsBIS finds big discrepancies in how Bitcoin on-chain transfers are measured. Popular metrics may misrepresent economic activity—also impacts Ethereum aSantiment Reveals Top 10 Tokens With Surging Whale Activity This WeekSantiment highlights the top 10 tokens with the biggest spike in whale activity this week, including WBTC on Optimism, BAT, SAND, CHZ, and more.CryptoQuant: Ethereum's MVRV Signals End of Bear MarketCryptoQuant says Ethereum's MVRV ratio dropped to ~0.65 before bouncing above 1. Historically, this pattern has marked ETH bottoms and sparked price rAbraxas Capital Holds Over $980M in Short Positions on ETH and BTCAbraxas Capital is holding more than $980M in shorts, including 168,549 ETH ($423M) and 2,771 BTC ($214M). All trades are confirmed on-chain.Trader 0xb02b Tanks 94% on LAPTOP Memecoin—From $249K to $15KTrader 0xb02b lost 94% on LAPTOP: his $249,000 position shrank to just $15,000. Bought at $217.5, averaged at $2, sold at $0.6—one of the biggest lossCryptoQuant: 93.2% of Short-Term Holder BTC in Profit—3.57M Coins at StakeCryptoQuant reports 93.2% of short-term Bitcoin holders are in profit, controlling 3.57 million BTC. What does this mean for price action and market vBitcoin Dips Below $58K: HODL Waves Show Weak Demand SignalHODL Waves data shows a surprisingly muted reaction as Bitcoin falls under $58,000 in July, casting doubt on $58K as a solid bear market bottom.CryptoQuant: Short-Term Bitcoin Holders Move 467,000 BTC to ExchangesSince August 17, short-term Bitcoin holders have sent over 467,000 BTC (~$35.4B) to exchanges, signaling profit-taking, according to CryptoQuant's on-CryptoQuant: Bitcoin Rally Driven by Short Squeeze, Not New BuyersCryptoQuant says Bitcoin's 24% surge is fueled by a short squeeze, not fresh buying. Bull Score at 70; real bull trend only confirmed above $83,000.CryptoQuant: Bitcoin SOPR Breaks Out of Bearish Zone After 11 MonthsCryptoQuant reports Bitcoin's SOPR has exited the bearish zone for the first time in 11 months, hinting at a potential market shift after July's BTC dBitcoin Drops Below $77,000 as On-Chain Demand Turns Negative AgainBitcoin slips under $77,000 with on-chain demand back in the red after a brief August bounce, tracking sell-offs in stocks and bonds. What's next for Bitwise Holds 9,003,900 SOL—Nearly $1B in Solana on ChainBitwise controls 9,003,900 SOL—almost $1B—on Solana wallets. On-chain data confirms the stash. What does this mean for SOL liquidity and the broader mCryptoQuant: Bitcoin Whales Bought Big in August While Retail Sold OffCryptoQuant on-chain data shows Bitcoin whales snapped up ~60,000 BTC ($4.6B) in August, while retail investors dumped about 47,000 BTC. See the breakETH Sellers Take Over Binance: Taker Buy/Sell Ratio Drops to 0.81Sellers are dominating Ethereum on Binance as CryptoQuant reports a 23% higher sell volume and Taker Buy/Sell Ratio plunges to 0.81, the lowest since CryptoQuant CEO: Bitcoin Bear Market Is Over, On-Chain Profitability Signals ReversalCryptoQuant CEO says the Bitcoin bear market is done. On-chain profitability metrics echo early 2023, hinting at a bullish reversal for BTC.