Newly created Bitcoin whales reportedly hold a record amount of BTC to the point of controlling 9% of the total supply of coins. Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, shares data showing that short-term holder Bitcoin whales have become one of the primary cohorts of entities. Short-term holders are defined as those […]
The post New Bitcoin Whales Now Control 9% of BTC Supply Amid ‘Very Active’ On-Chain Accumulation: CryptoQuant CEO appeared first on The Daily Hodl.
Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter (OTC) trading desks, a figure unmatched since the summer of 2023. Record Sales to OTC Desks Mark Bitcoin Miners’ […]
Bitcoin is experiencing a significant liquidity crisis as demand for it soars, with Cryptoquant analysts reporting a monthly demand increase from 40,000 BTC to 213,000 BTC, fueled by a rise in accumulation addresses and institutional investments through spot bitcoin ETFs in the US. The imbalance between the surging demand and the decreasing sell-side liquidity, with […]
The head of blockchain analytics platform CryptoQuant says that Bitcoin (BTC) could dip to a “max pain” price range before the bull market is able to continue. Ki Young Ju tells his 340,000 followers on the social media platform X that the net inflows of capital to spot Bitcoin exchange-traded funds (ETFs) have cooled off, […]
The post CryptoQuant CEO Unveils ‘Max Pain’ Price Level for Bitcoin, Says BTC ETF Netflows Are Slowing appeared first on The Daily Hodl.
Chief executive of analytics platform CryptoQuant believes the bull market is far from over despite Bitcoin’s (BTC) latest dip after hitting new all-time highs this month. Ki Young Ju tells his 339,800 followers on the social media platform X that Bitcoin has yet to reach a cycle top, but is undergoing a short-term correction after […]
The post Bitcoin Hasn’t Seen Its Top and is Still in Middle of Bull Market, Says CryptoQuant CEO – Here’s Why appeared first on The Daily Hodl.
Bitcoin (BTC) is headed for a sell-side liquidity crisis, according to the co-founder and chief executive of analytics platform CryptoQuant. Ki Young Ju tells his 336,400 followers on the social media platform X that Bitcoin bears “can’t win this game” until spot Bitcoin exchange-traded fund (ETF) inflow stops. “Last week, spot ETFs saw netflows of […]
The post CryptoQuant CEO Says Bitcoin Will Witness Supply-Side Crisis Amid Massive BTC Accumulation – Here’s When appeared first on The Daily Hodl.
Investors from the traditional finance sector are gobbling up Bitcoin (BTC) at “unprecedented” levels, according to the co-founder and chief executive of analytics platform CryptoQuant. Ki Young Ju tells his 335,600 followers on the social media platform X that traditional finance investors are dollar-cost averaging 6,896 BTC per day. “They accumulated 103,726 BTC over the […]
The post TradFi Investors on Unprecedented Bitcoin Accumulation Spree, Scooping Thousands of BTC per Day: CryptoQuant appeared first on The Daily Hodl.
The co-founder and CEO of market intelligence firm CryptoQuant says he believes that blue-chip financial institutions getting involved in Bitcoin (BTC) could spark the biggest bull run yet. In a new thread, Ki Young Ju tells his 332,000 followers on the social media platform X that he expects an explosive Bitcoin bull cycle with the […]
The post CryptoQuant CEO Says Institutions Will Drive a Faster and More Spectacular Bitcoin Bull Run appeared first on The Daily Hodl.
Stablecoin issuer Tether (USDT) is nearing a $100 billion market cap after adding about $10 billion to its valuation during the last three months. According to new data from crypto ranking platform CoinGecko, USDT has seen its total market cap balloon from $84 billion on October 15th to over $94 billion on January 15th. Last […]
The post Tether (USDT) Nears $100 Billion Market Cap After Printing More Than $10,000,000,000 in Three Months appeared first on The Daily Hodl.
Stablecoin issuer Tether (USDT) is now holding at least $2.82 billion of Bitcoin (BTC) as the firm continues to scoop up the crypto king at a high rate. According to Ki Young Ju, the founder and chief executive of on-chain market intelligence platform CryptoQuant, Tether is currently holding at least 66,400 BTC. “Tether revealed in […]
The post Tether Now Holding at Least $2,821,269,600 in Bitcoin As BTC Accumulation Spree Continues, Says Quant Analyst appeared first on The Daily Hodl.
