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Spot volumes on local exchange Upbit have nearly doubled since September, analysts at on-chain data firm CryptoQuant shared in a Friday note to CoinDesk. Upbit, which constitutes over 85% of the Korean trading volume, experienced an 82% growth in October compared to September, with trading volume rising from $32.8 billion
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The wallet will feature on-chain data analysis tools that may inform users' market decisions. Source
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CryptoQuant says that if the issuers that have applied to list bitcoin ETFs put 1% of their Assets Under Management (AUM) to these ETFs, approximately $155 billion could enter the bitcoin market. This represents almost a third of bitcoin's current market capitalization. Should this scenario take place, it would hypothetically
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CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after launching
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"Digital assets are considered particularly risky speculative assets due to the difficulty in finding reliable information and engaging in speculative investments without data analysis," Joo Gi-Young, CEO of Team Blackbird, said in a press release. "CryptoQuant’s main value lies in proving that it is possible to redefine investment methodologies for
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Data from CryptoQuant's Short Term Output Profit Ratio tool, which calculates the ratio of price received/price paid for assets held between one hour and 155 days, spiked above 1 in the past week, indicating investors were probably selling token holdings at a profit. Source
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For example, Kraken’s and Coinbase’s current 30-day SMAs for their BTC inflows are not close to their six-year low. In 2023, Kraken’s incoming BTC transfers have oscillated between roughly 700 BTC and 1,030 BTC, while Coinbase’s have ranged from roughly 2,800 BTC to 3,700 BTC. Kraken and Coinbase BTC inflows
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Blockchain analytics provider CryptoQuant has released a report analyzing the recently released proof of reserves audit of the world’s largest crypto exchange, Binance.Centralized exchanges have been cast into the spotlight over the past month following the collapse of FTX, none more so than Binance which has been scrambling to reassure
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Bitcoin is consolidating in an $8,600-$10,000 trading range since April 30, 2020.The sideways momentum has led the cryptocurrency’s volatility to its lowest since October 2019.With risks of a negative breakout looming, one top analyst sees Bitcoin resuming its bull market by mid-July.Bitcoin repeatedly failed to sustain its break above $10,000.
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