Ki Young Ju, the CEO of blockchain analytics platform CryptoQuant, says he’s expecting the current Bitcoin (BTC) bull run to last until the first few months of 2025. Ju tells his 351,000 followers on the social media platform X that while he sees the potential for more downside for Bitcoin, perhaps near the $47,000 level, […]
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Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has retraced below $63,000.
Bitcoin whales slowed their transaction activity in the past two days, just before Bitcoin’s price slipped below $63,000.
On June 23, the total number of Bitcoin whale transactions (exceeding $100,000) was 9,923 over the previous two days, a 42% decrease from the 17,091 transactions recorded the two days prior, according to data from Santiment.
The change in whale behavior comes amid the price of Bitcoin (BTC) falling from $64,685 to $63,422 and has since declined further to $62,531 at the time of publication, according to CoinMarketCap data.
Bitcoin’s price briefly dipped below a critical level for traders sparking fears that a further correction toward $60,000 might be on the horizon.
Bitcoin (BTC) recently fell below $64,000, breaking its short-term holder realized price and signaling a possible further decline to levels unseen in 49 days, according to cryptocurrency analysis firm CryptoQuant.
“Bitcoin is trading below the critical support level of $65.8K, now below $64K,” CryptoQuant wrote in a June 21 X post.
“Falling under this threshold suggests a potential 8%-12% correction toward $60K,” CryptoQuant added, a level not broken since May 3, when Bitcoin was trading at $59,122, according to CoinMarketCap data.
The CEO of blockchain analytics platform CryptoQuant, Ki Young Ju, is updating his outlook on altcoins ahead of a potential approval of spot Ethereum (ETH) exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC). Young Ju tells his 348,500 followers on the social media platform X that Ethereum’s Market Value to Realized Value […]
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Bitcoin continues to trade near a crucial price level, with the downside appearing limited but a lack of bullish momentum evident. The leading cryptocurrency stands around the $65,000 to $66,000 mark, a critical onchain realized price that could either support the price or signal a correction, according to the latest analysis from Cryptoquant researchers. Cryptoquant: […]
CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued.
A key metric used to determine whether Ether (ETH) is overvalued or not has been “heating up” relative to Bitcoin (BTC) — though one analyst argues the asset may not be in overbought territory just yet.
Crypto analysis firm CryptoQuant CEO Ki Young Ju noted that while Ethereum’s Market Value Realized Value (MVRV) is rising quickly — it has also come with an uptick in transaction volume and active addresses on the Ethereum network.
“ETH MVRV is rising faster than BTC MVRV, suggesting ETH market is heating up relative to its on-chain fundamentals,” Ju wrote in a June 19 X post.
CryptoQuant chief executive Ki Young Ju thinks the US Bitcoin (BTC) market is in the driver’s seat regarding the immediate future of crypto prices. Young Ju tells his 347,300 followers on the social media platform X that the US Bitcoin market “is more important than offshore global markets for the next leg up.” “Stablecoins are […]
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The average monthly change in Bitcoin retail demand has waned over the last month, with one analyst noting it could be a precursor to a price surge seen earlier in 2024.
Average Bitcoin demand among retail investors has dropped to its lowest point in five months to levels last seen in January — which ended in a 75% surge over the following two months.
The average monthly change in demand for Bitcoin (BTC) among retail investors — those with up to $10,000 in transfer volume — has fallen to negative 17% over the last 30 days, according to data shared to X on June 10 by CryptoQuant author Axel Adler.
Adler added that “a similar previous drop to -18%” in January saw Bitcoin increase from $40,000 to $70,000 — when it surged after spot Bitcoin exchange-traded funds (ETFs) were approved in the United States, propelling Bitcoin to its mid-March $73,679 all-time high.
Despite some bullish developments, the digital asset market still lacks one key ingredient that’s critical to fueling a sustained price rally, according to the analytics firm CryptoQuant. CryptoQuant notes that demand is up for Bitcoin (BTC) and Ethereum (ETH). “Bitcoin demand growth in permanent holders added 70,000 Bitcoin in the last 30 days. Large investors’ […]
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The CEO of blockchain analytics firm CryptoQuant says that Bitcoin’s (BTC) on-chain market structure looks similar to 2020 before its bull market finale. Ki Young Ju tells his 346,000 followers on the social media platform X that Bitcoin’s current price action is reminiscent of four years ago when BTC consolidated for over half a year […]
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