Bitcoin bull-bear cycle indicator flips bullish as price holds $60K

August 10, 2024 Coin Telegraph

Bitcoin bull-bear cycle indicator flips bullish as price holds K

The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023.

The Bitcoin bull-bear market cycle indicator, which tracks investor sentiment phases, has flipped to signal bullish conditions, following three days of flashing red as Bitcoin’s price plummeted to levels not seen since February.

“Most Bitcoin on-chain cyclical indicators that were hovering near the borderline have now shifted back to signaling a bull market,” CryptoQuant founder and CEKi Young Ju wrote in an Aug. 9 X post.

“Bitcoin is still in a bull market,” pseudonymous crypto trader PlanB added.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Investors Accumulate as Bitcoin Dips: Record Transfer to Long-Term Wallets

August 8, 2024 Bitcoin.com

Accumulation

Despite bitcoin dipping more than 14% over the past week, insights from cryptoquant.com and the company’s founder and CEO, Ki Young Ju, reveal an intriguing trend: a large volume of bitcoin has been transferred to long-term holder addresses over the last 30 days. These recent statistics suggest that some investors are seizing the current price […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

TradFi Institutions To Announce They’ve Acquired Bitcoin, Predicts CryptoQuant CEO

August 8, 2024 The Daily Hodl

Bitcoin

CryptoQuant chief executive Ki Young Ju thinks “something is happening behind the scenes” as permanent holder addresses gobble up Bitcoin (BTC). Young Ju tells his 360,800 followers on the social media platform X that 404,448 Bitcoin have moved to permanent holder addresses over the past 30 days, a clear sign of accumulation. “Within a year, […]

The post TradFi Institutions To Announce They’ve Acquired Bitcoin, Predicts CryptoQuant CEO appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

CryptoQuant CEO Doubles Down on Altseason Prediction, Says Whale Accumulation Remains Valid

August 8, 2024 The Daily Hodl

Altcoins

CryptoQuant chief executive Ki Young Ju still thinks altcoins could shine despite the difficult macro headwinds. Last week, Young Ju predicted that altseason would begin in late 2024 or early 2025. In the wake of plunging crypto and stock prices over the weekend and on Monday, the analytics firm CEO reiterated this week that his […]

The post CryptoQuant CEO Doubles Down on Altseason Prediction, Says Whale Accumulation Remains Valid appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Whales Preparing for Altcoin Rally by Placing ‘Strong Buy Walls,’ According to CryptoQuant CEO

August 4, 2024 The Daily Hodl

Altcoins

Crypto whales are positioning themselves for the next market expansion in altcoins, according to the CEO of CryptoQuant. Ki Young Ju tells his 358,000 followers on the social media platform X that whales are now setting up limit orders for altcoins on centralized exchanges (CEXes). Ju explains whales, institutions, and other large entities prefer using […]

The post Whales Preparing for Altcoin Rally by Placing ‘Strong Buy Walls,’ According to CryptoQuant CEO appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin Mining Companies Switching to Other Coins Amid Rising Cost of Operations: CryptoQuant CEO

June 30, 2024 The Daily Hodl

Bitcoin

Bitcoin (BTC) miners are reportedly hedging against the recent downturn in prices by mining other cryptocurrencies, according to the CEO of CryptoQuant. Ki Young Ju says that Bitcoin’s hashprice is now at an all-time low, potentially causing a slowdown in investments for mining companies and prompting them to look to other, cheaper proof-of-work (PoW) coins […]

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin Whale Traders Enter ‘Risk-Off’ Mode, According to CryptoQuant CEO

June 24, 2024 The Daily Hodl

Bitcoin

The biggest Bitcoin (BTC) traders have recently become more risk-averse, according to the CEO of blockchain analytics firm CryptoQuant. Ki Young Ju tells his 349,000 followers on the social media platform X that the interexchange-flow-pulse (IFP) indicator, which tracks the flow of BTC between spot and derivatives exchanges, is signaling that whales are now in […]

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Bitcoin falls below $63K after BTC whale transactions drop 42%

June 24, 2024 Coin Telegraph

Bitcoin falls below K after BTC whale transactions drop 42%

bitcoin market sentiment

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.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

ETH valuation metric is ‘heating up,’ but analyst says it’s not overvalued

June 20, 2024 Coin Telegraph

Coin Telegraph

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.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Cryptoquant CEO Predicts Bull Run Midpoint as Bitcoin Recovers

May 19, 2024 Bitcoin.com

Bitcoin

The price of bitcoin experienced a challenging May, dipping below $60,000 to reach a low of $56,500 per unit on May 1, 2024. Currently valued at $66,900 per unit, bitcoin’s price is showing improvement as June approaches. The founder of the onchain and market data platform Cryptoquant has noted that the bull run is at […]

Ki Young Ju

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