The community analyst at the on-chain analytics firm CryptoQuant has pointed out how this Bitcoin indicator has been aligning with price tops. Bitcoin Binance Whale To Exchange Flow Shows An Interesting Pattern In a new post on X, CryptoQuant community analyst Maartunn has talked about the trend in the Bitcoin Exchange Whale Inflow for the cryptocurrency exchange Binance. The “Exchange Whale Inflow” here refers to an on-chain metric that measures the total amount of the asset that the whale entities are transferring to a given centralized exchange. Related Reading: Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges When the value of this indicator is high, it means the whales are depositing a large number of tokens to the platform. Such a trend can be a sign that these large entities are looking to sell, which can be a bearish sign for the asset’s price. On the other hand, the metric being low suggests this cohort may be accumulating or just not planning to distribute, which can naturally be a bullish sign for BTC. Now, here is the chart shared by the analyst, that shows the trend in the 30-day sum of the Bitcoin Exchange Whale Inflow for Binance over the last couple of months: As displayed in the above graph, the 30-day Bitcoin Exchange Whale Inflow for Binance has recently witnessed a sharp climb, which suggests large deposits to the platform have been on the rise. Maartunn has discovered a pattern related to what usually happens whenever the metric shows a trend like this one. From the chart, it’s visible that spikes in the indicator have come around tops in the cryptocurrency’s price. This relationship hasn’t been exact, but it’s true that BTC has witnessed some kind of peak shortly before or shortly after a strong surge in the Binance Exchange Whale Inflow. Related Reading: This Bitcoin Price Range Could Be The Bulls’ Final Defense Line, Report Says Whales are the largest of investors in the sector and Binance is the largest exchange, so it makes sense that the combined behavior related to the two would have noticeable implications for Bitcoin. Following the recent increase, the 30-day Binance Exchange Whale Inflow has reached a value of $7.3 billion, which is the highest that it has been in around three months. It now remains to be seen whether these high deposits would have a similar effect on the asset as before or not. BTC Price Bitcoin has continued to display volatility in both directions during the last few days as its price has been wobbling up and down, with neither bulls nor bears gaining control. At present, the asset is trading around $89,500. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin’s price continues to move between bullish and bearish territory, reflecting ongoing uncertainty in the market. After reaching $94,000 earlier this week, the cryptocurrency has since retreated below $90,000, marking an approximately 18% drop from its all-time high (ATH) of $109,000 recorded in January. This latest pullback highlights the shifting sentiment among investors and the increasing influence of large holders, or whales, in the market. Related Reading: Bitcoin Enters ‘Optimism Stage’—Is a Massive Rally About to Begin? Whales Are Finally Back, Data Shows CryptoQuant analyst Darkfost has identified a notable trend in Bitcoin whale behavior, revealing that these influential market participants had been reducing their holdings for over a month, marking the longest period of net decline in the past year. However, recent data indicates that whales are beginning to increase their Bitcoin holdings again, shifting the monthly percentage change into positive territory. If this trend continues, it could signal a potential return of bullish momentum, as previous instances of whale accumulation have often preceded upward price movements. According to Darkfost’s analysis, whales play a crucial role in shaping Bitcoin’s price direction due to the sheer volume of BTC they control. ????Whales are finally back. Whales have been reducing their holdings for over a month now, marking the longest period of net decline over the past year. However, their behavior has recently shifted, as whales began increasing their holdings again, pushing the monthly percentage… pic.twitter.com/SA8Ww9CEsH — Darkfost (@Darkfost_Coc) March 6, 2025 Their renewed accumulation suggests confidence in the asset’s long-term value. Historically, increased whale buying activity has coincided with periods of price stability or growth, making this a key indicator for traders and investors. Coinciding With US Bitcoin Reserve Plans The resurgence of whale interest in BTC coincides with reports of US President Donald Trump signing an executive order to establish a strategic Bitcoin reserve. CryptoQuant analyst Maartuun has provided insights into this development, suggesting that the United States could officially become a long-term holder of Bitcoin. The reserve may be funded using seized BTC, which currently stands at 188,898 BTC, valued at approximately $18.14 billion. If implemented, this move could significantly reduce selling pressure in the market, as these holdings would be secured rather than liquidated. In addition to securing its existing Bitcoin holdings, reports suggest that the US government may consider purchasing additional BTC. Maartuun citing Bloomberg disclosed that this initiative could lead to an expansion of the strategic BTC reserve, reinforcing Bitcoin’s status as a long-term asset for institutional and sovereign investors. According to Maartuun, if these reports materialize, it could introduce a new dynamic to Bitcoin’s supply and demand, potentially influencing its price trajectory. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. Notably, the cryptocurrency had shown signs of strength earlier this week following a period of decline, but the recovery was short-lived. As of today, Bitcoin slipped below $90,000, marking a 1.8% decrease in the past 24 hours. According to CryptoQuant analyst Crazzyblockk, one key factor contributing to this downward movement appears to be increased selling pressure from large Bitcoin holders. Related Reading: Historic Bitcoin Buy Signal: DXY’s Collapse Signals A Bigger Bull Run Whales and Large Holders Drive Selling Pressure on Binance Crazzyblockk in his latest insight highlights how whales and other large investors on Binance are actively offloading BTC as prices rise. This trend suggests that experienced traders are taking advantage of market optimism to exit their positions, potentially limiting Bitcoin’s short-term upside potential. Whale to Binance Flow Hits 3-Month High at $7.3B Over Last 30 Days “This often happens alongside heavy changes in price and shows that large holders choose Binance as their exchange. Watching whale deposits is important, as their moves can drive the market.” – By @JA_Maartun pic.twitter.com/psD3zuDXf3 — CryptoQuant.com (@cryptoquant_com) March 6, 2025 The trend also comes at a time when whale to Binance flow sees a consistent increase. Crazzyblockk’s analysis of on-chain data from Binance particularly indicates that large Bitcoin holders—categorized as fish, sharks, and whales—are selling into market rallies. The data reveals that the larger the holder, the more strategically they distribute their Bitcoin holdings. These entities account for an increasing share of daily sell-side activity on Binance, suggesting that they are actively shaping Bitcoin’s price movements. As Bitcoin’s price trends upward, whale activity on Binance has intensified, with more BTC flowing into the exchange. The report highlights that while retail investors—often referred to as shrimps—have remained relatively inactive, whales and sharks are capitalizing on rising prices to take profits. This consistent distribution from high-value holders has created sustained downward pressure, preventing Bitcoin from making a parabolic move higher. Bitcoin Market Outlook: Can Accumulation Offset Whale Selling? With large holders continuing to offload BTC, the risk remains that any further upside could trigger even more selling pressure, reinforcing resistance levels. This dynamic means that Bitcoin’s price movement could remain constrained unless new accumulation from long-term investors or institutional buyers offsets the selling trend. Related Reading: Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges Crazzyblockk emphasizes that tracking Binance’s whale activity is crucial for understanding market direction. Since these large holders are not just participants but also price movers, their actions can provide insight into short-term market trends. If whale selling slows and new accumulation picks up, Bitcoin could find support and regain momentum. However, if the current trend continues, further downside pressure remains a possibility. Featured image created with DALL-E, Chart from TradingView
Bitcoin has been showing signs of recovery after a sharp decline that pushed its price below $80,000 last week. The cryptocurrency briefly surged to $92,756 in the early hours of today before retracing to $90,279, marking a 0.7% increase in the past 24 hours. While price action remains volatile, market sentiment indicators are signaling a crucial phase for Bitcoin’s trajectory, according to CryptoQuant analyst Woominkyu. Related Reading: Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ Level Bitcoin’s Market Cycle: Entering the Optimism Stage In a recent analysis titled “FOMO is Not Here Yet”, Woominkyu highlights Bitcoin’s Fear & Greed Index, which tracks overall investor sentiment. The index, based on a 30-day moving average (SMA 30), maps Bitcoin’s market cycles to different psychological stages observed in past rallies. This indicator has historically helped identify when Bitcoin is in the early stages of a bull run—or when excessive optimism may lead to corrections. According to Woominkyu, Bitcoin has now entered the “Optimism Stage”, a phase historically associated with the early stages of a strong rally. In past cycles, when Bitcoin reached this level, the market often gained upward momentum, leading to further price increases. However, the analyst warns that if the index continues rising toward the Euphoria Stage, it could indicate excessive market optimism, which has often preceded steep corrections. The key observation from Woominkyu’s analysis is that, despite Bitcoin’s recovery, FOMO (fear of missing out) has not yet fully set in among investors. This suggests that while sentiment is improving, Bitcoin is not yet in a speculative bubble. The coming weeks will be critical in determining whether the market follows past patterns—moving higher from the Optimism Stage—or if external factors push Bitcoin into a correction. Whale Activity In The Market While sentiment indicators provide insights into market psychology, whale activity is another key factor influencing Bitcoin’s price movement. A separate analysis by maartunn, another CryptoQuant contributor, has revealed that whale deposits to Binance have reached a three-month high, with over $7.3 billion worth of Bitcoin sent to the exchange in the past 30 days. These movements suggest that large-scale investors are actively positioning themselves, which could lead to increased volatility in the market. Historically, significant whale activity has coincided with major price swings, making it an important metric to monitor. Whale to Binance Flow Hits 3-Month High at $7.3B Over Last 30 Days “This often happens alongside heavy changes in price and shows that large holders choose Binance as their exchange. Watching whale deposits is important, as their moves can drive the market.” – By @JA_Maartun pic.twitter.com/psD3zuDXf3 — CryptoQuant.com (@cryptoquant_com) March 6, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin has started to recover gradually after experiencing a notable drop in recent weeks. So far, BTC has reclaimed the $90,000 level amid renewed market activity. The cryptocurrency surged nearly 10% yesterday, briefly reaching a high of $92,756 in the early hours of today before experiencing a minor pullback. At the time of writing, Bitcoin is trading at $90,156, marking a 0.6% decrease over the past 24 hours. Related Reading: Short-Term Holders Dominate as Bitcoin Rebounds—What’s Next? Short-Term Holder Trends and Potential Market Consolidation Yonsei Dent, a contributor to CryptoQuant’s QuickTake platform, pointed out earlier today a tightening trend in short-term holder (STH) realized price levels, suggesting a potential shift in market conditions. The analyst noted that this development, alongside key moving averages, could indicate a period of market consolidation unless a strong demand catalyst emerges. According to Yonsei Dent, the convergence of Short-Term Holder Realized Price levels suggests that the average entry price of recent Bitcoin buyers is becoming more uniform. Historically, such conditions have signaled either reduced volatility or a lack of clear price direction, leading to a phase of consolidation. Additionally, Dent noted that the 60-day and 200-day moving averages are also tightening, mirroring a similar trend observed in May 2024, which resulted in a period of low volatility and minimal price movement. A major factor influencing Bitcoin’s market outlook is regulatory developments, particularly the Trump administration’s stance on cryptocurrency policies. Dent highlighted that the upcoming cryptocurrency summit, scheduled for tomorrow, could introduce key regulatory discussions that may influence Bitcoin’s price action. The CryptoQuant analyst wrote: All eyes are on tomorrow’s cryptocurrency summit, where key regulatory discussions are expected. Should a bullish policy outlook emerge, it could inject fresh momentum into the market and break this tightening price structure. Related Reading: Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 Technical Indicators And Future Outlook On Bitcoin From a technical perspective, some analysts remain optimistic about Bitcoin’s long-term trajectory. Crypto analyst Ali has pointed out that candlestick wicks on the Bitcoin weekly chart indicate strong buying pressure, suggesting that buyers are actively defending key support levels. This observation aligns with previous market trends where similar patterns led to subsequent upward movements. Ali also referenced the Pi Cycle Top indicator, which suggests that if Bitcoin reclaims the $97,000 level, it could gain momentum for a potential move toward $150,000. If #Bitcoin $BTC reclaims $97,000, it could gain momentum for a move toward $150,000, according to the Pi Cycle Top indicator! pic.twitter.com/yok308t4Jy — Ali (@ali_charts) March 6, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin has regained momentum following a period of decline, with its price now trading at $87,992, reflecting a 6.9% increase in the past 24 hours. The recent price movement has drawn attention to shifting supply dynamics, particularly between short-term holders (STH) and long-term holders (LTH). This trend, analyzed by CryptoQuant contributor XBTManager, provides insights into Bitcoin’s current market cycle and what could come next. Related Reading: Crypto Markets Are Misreading Trump’s Strategic Reserve, Says Bitwise CIO Short-Term vs. Long-Term Holders: A Market Balancing Act According to XBTManager, Bitcoin’s all-time high (ATH) has triggered an increase in STH supply while LTH supply declines. This transition typically signals a market shift, as long-term holders begin selling their assets while short-term traders accumulate. This dynamic has historically played a role in determining peak levels, as increased activity from short-term holders suggests heightened speculative interest. XBTManager explains that analyzing who is buying and selling Bitcoin is crucial in identifying market trends. As long-term holders sell their BTC, the supply moves into the hands of short-term traders, who often react more quickly to price fluctuations. This shift indicates that Bitcoin may be in a pullback phase following its recent ATH, leading to a potential period of price consolidation. Additionally, institutional buyers and ETFs have continued to accumulate Bitcoin, behaving similarly to short-term holders during this phase. MicroStrategy (MSTR), a major corporate Bitcoin investor, has also followed retail buying patterns. While institutional inflows support Bitcoin’s price, XBTManager warns that a prolonged consolidation period is possible due to liquidity demands. The analyst suggests that once STH begins selling and LTH starts accumulating again, the market may stabilize, creating a more favorable environment for long positions. What’s Next for Bitcoin? While Bitcoin’s supply shift suggests a cooling-off phase, market participants are watching for signs of a potential trend reversal. A report from CryptoQuant highlights that real spot demand has been declining, meaning that despite recent price gains, sustained upward momentum may be difficult unless demand returns. Additionally, IntoTheBlock recently revealed a surge in active Bitcoin addresses following last week’s price drop. This increase suggests heightened on-chain activity, often seen in periods of market transition. Whether this signals a renewed accumulation phase or continued volatility remains to be seen. Last week’s drop triggered a surge in active addresses, pushing the daily average to its highest level since December, when Bitcoin surpassed $100k. This uptick in on-chain activity coincided with an increase in zero-balance addresses, indicating capitulation. pic.twitter.com/eiESdiwERN — IntoTheBlock (@intotheblock) March 4, 2025 For now, supply trends, ETF inflows, and liquidity conditions are worth monitoring to assess Bitcoin’s next move. If long-term holders re-enter the market and demand recovers, Bitcoin could see renewed upward momentum. Related Reading: Bitcoin Crashes After $94K Surge—Key Market Signals Reveal What’s Coming Next However, until those conditions align, XBTManager suggests that caution is necessary, particularly for high-risk trades in the current environment. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s recent price movements have reflected a mix of optimism and uncertainty for investors. Earlier this week, Bitcoin surged to $94,000 following news of the U.S. crypto strategic reserve, which is set to include BTC, ETH, SOL, ADA, and other major digital assets. However, the asset has since reversed its upward momentum, falling by 10% and bringing its price below $84,000 as of today. This decline has sparked discussions among analysts about the factors influencing Bitcoin’s short-term performance. CryptoQuant analyst Banker has highlighted a significant shift in investor sentiment and market behavior, particularly focusing on open interest changes in derivatives trading and the Crypto Fear & Greed Index. These indicators may provide insight into potential market trends in the coming weeks. Related Reading: Bitcoin Repeats Historic Pattern—Is a Breakout Toward $100K Next? Open Interest Decline and Shifting Market Sentiment One key metric being analyzed is the Open Interest Change (7D), which tracks the total outstanding derivatives contracts. According to Banker, this metric dropped by 14.42% on March 1, signaling a reduction in speculative activity. Such a decline often suggests that traders are unwinding their positions, potentially leading to a market reset. Historically, similar declines have been followed by price stabilization or recovery as speculative excesses are removed from the market. Additionally, the Crypto Fear & Greed Index, a widely used sentiment indicator, has dropped sharply since February 4. The index fell from 72 (extreme greed) to 26 (fear), indicating a shift in market sentiment. A reading above 70 typically suggests an overbought market, while a lower reading signals growing investor caution. This shift may reflect broader uncertainty in the crypto market, possibly influenced by external factors such as regulatory discussions and macroeconomic developments. Banker noted: The recent decline suggests a cooling-off period, which could pave the way for a healthier market environment. However, the sharp drop in sentiment also reflects heightened caution among investors, likely driven by recent market turbulence and fundamental developments, such as news surrounding the U.S. government’s crypto reserves. Bitcoin Market Outlook and Upcoming Events According to Banker, upcoming events could influence Bitcoin’s price trajectory. The analyst mentioned that the Crypto Summit at the White House on March 7 is expected to discuss cryptocurrency regulation and market policies. Related Reading: Bitcoin’s ‘KISS Of Death’? Arthur Hayes Warns Of Recession Before Surge Banker suggest that announcements from the event could lead to short-term volatility, particularly for Bitcoin, Ethereum, and other major assets like ADA, XRP, and SOL. Depending on the regulatory stance taken, the market may react with further price swings or a potential rebound. The CryptoQuant analyst wrote: Depending on the outcomes and announcements, there may be a small window of upside potential. For now, investors should remain cautious but vigilant, as the current dip in open interest and sentiment could offer strategic entry points for those with a longer-term perspective. Featured image created with DALL-E, Chart from TradingView
Bitcoin and the broader cryptocurrency market have shown strong recovery, with Bitcoin surpassing $93,000 earlier today after an increase of nearly 10% in the past 24 hours. The surge follows the announcement of a US crypto strategic reserve, which is expected to include major digital assets such as BTC, ETH, SOL, XRP, and ADA. The news has fueled optimism in the market, pushing Bitcoin back above the $90,000 level. As Bitcoin’s price movement gains momentum, analysts appear to have been closely examining the ongoing correction phase within the current bullish cycle. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? CryptoQuant analyst Grizzly has shared insights into Bitcoin’s historical price behavior, suggesting that the asset may be repeating past patterns that preceded significant rallies. If these trends hold, BTC could be positioning itself for a major breakout in the coming months. BTC’s Historical Price Patterns and Market Outlook According to Grizzly, Bitcoin is currently in its third corrective phase within the bullish cycle that began in early 2023. This pattern has been observed using the UTXO Age Bands—a metric tracking how long BTC remains unmoved in wallets. Similar corrective phases took place in the summers of 2023 and 2024, each lasting around six months. During these periods, BTC experienced resistance before eventually breaking out into new price highs. Grizzly revealed that if this trend continues, BTC may remain in a consolidation phase for another two to three months, fluctuating between $80,000 and $100,000. A breakout beyond $100,000 could mark the end of the correction and potentially push BTC toward $130,000, as historical data suggests. The CryptoQuant analyst noted: Market participants should closely watch the structural dynamics of the premium bands, as a confirmed break above resistance could signal the next parabolic leg of Bitcoin’s bull market. Bitcoin’s Path to $100K: What Market Indicators Suggest Another CryptoQuant analyst, OnChainSchool, has provided further insights into BTC’s potential price movement beyond $100,000. The analyst highlights the MVRV Z-Score, a metric that tracks Bitcoin’s valuation in comparison to its historical fair value. According to the analyst. the current cooldown in the MVRV Z-Score indicates that Bitcoin could soon enter a rapid upward trajectory, similar to the price action observed in early 2024 when BTC surged past $72,000 to new all-time highs. However, unlike past cycles, the market appears to be moving at a faster pace, potentially influenced by the evolving political landscape in the US. Related Reading: Bitcoin Fills CME Gap Between $78,000 and $80,000 – Is A Reversal Around The Corner? With increasing attention on cryptocurrency from policymakers and institutional investors, there is a likelihood that BTC could break past its previous all-time high sooner than expected. Whether this acceleration will be sustained depends on multiple factors, including regulatory developments, macroeconomic conditions, and continued market demand for Bitcoin as a hedge asset. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has recently experienced notable volatility, driven by significant market developments and investor activity. Following an initial decline in recent days, BTC surged above $94,000 on Sunday. This increase was fueled by reports of an upcoming US strategic crypto reserve that includes BTC and other major digital assets. However, as of today, BTC is trading just below $93,000, signaling an unstable upward momentum in the crypto market. Amid this price movement, a recent analysis by CryptoQuant analyst KriptoBaykusV2 highlights an evolving pattern in Bitcoin’s net exchange flow, offering insight into investor sentiment. This data suggests that exchange inflows and outflows may play a crucial role in shaping Bitcoin’s short-term price direction. Related Reading: Top Bitcoin Inflows Hit Year-High on Binance – Should You Be Concerned? Bitcoin Exchange Flows and Investor Sentiment According to KriptoBaykusV2, on February 25, Bitcoin saw a significant inflow to exchanges, with approximately 8,400 BTC being deposited. Historically, large inflows suggest increased selling pressure, as traders move assets to exchanges in preparation for liquidation. This was followed by a decline in Bitcoin’s price, aligning with previous market trends where increased supply on exchanges often leads to downward price movements. The following day, February 26, Bitcoin experienced a shift, with a substantial amount of BTC being withdrawn from exchanges. Large-scale outflows typically indicate a preference for holding, reducing the available supply on exchanges and potentially supporting price stability. This shift coincided with Bitcoin’s price finding support and beginning to recover, reflecting investor confidence in the asset’s long-term prospects. The analyst noted: In summary, those closely monitoring Bitcoin’s exchange movements should take note: Large inflows into exchanges may indicate heightened selling pressure, requiring caution. On the other hand, significant outflows suggest that investors are opting to hold, which could lead to price appreciation. We will see in the coming days how these trends continue. Related Reading: Bitcoin Is Enough—Coinbase CEO Rejects Altcoins For US Reserves Short-Term Selling and Market Trends Meanwhile, a separate analysis by another CryptoQuant analyst, abramchart, suggests that Bitcoin holders have started selling at a loss. The Spent Output Profit Ratio (SOPR) index, which measures the profitability of short-term investors, according to the analyst recently recorded a value of 0.95. This level, the lowest since August 2024, suggests that more traders are selling BTC at a loss, an indication of capitulation. Historically, such periods have been followed by market recoveries as selling pressure eases and accumulation phases begin. The CryptoQuant analyst wrote: The SOPR measures the proportion of Bitcoin wallets that have held Bitcoin for more than 1 hour and less than 155 days. Values over ‘1’ indicate more short-term investors are selling at a profit. Values below ‘1’ indicate more short-term investors are selling at a loss., which is a sign of capitulation and a return to an upward trend. Featured image created with DALL-E, Chart from TradingView
CryptoQuant CEO Ki Young Ju has voiced concerns over the United States’ growing influence in crypto, suggesting that the country may be leveraging digital assets to serve its national interests. In a March 3 post on X, Young Ju highlighted the rapid shift in the US approach toward crypto, stating that the market appears to […]
The post Crypto market is becoming a weapon of US warns CryptoQuant CEO appeared first on CryptoSlate.
The past week has been a rollercoaster ride for the cryptocurrency market, as the value of most large-cap assets took a significant hit over the last seven-day period. Specifically, the Bitcoin price fell beneath $80,000 for the first time since that almost vertical surge in November 2024. As expected, the market downturn has led to discussions and commentary about the price of Bitcoin already reaching its top in this cycle. Nevertheless, the latest on-chain data suggests that the premier cryptocurrency might still have room for a final upward rally. How BTC Price Could Go For A Final Peak In This Cycle In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Tarekonchain revealed the “truth” behind the current cycle, saying the latest market crash might be an opportunity for investors to buy the dip. This prediction is based on a key on-chain indicator, the MVRV Ratio. Related Reading: Dogecoin Open Interest Declines 67% In Three Months – Can Meme Coins Recover? The MVRV (Market Value to Realized Value) ratio is an indicator that tracks the ratio between a coin’s market cap and its realized cap. When the value of this ratio is greater than 1, it implies that more investors are considered to be in profit at the moment. High MVRV ratios are considered price top signals, as traders typically show a propensity to sell off their assets when they are in the green. According to Tarekonchain, the price of Bitcoin peaked in every previous cycle when the MVRV ratio crossed 3.5. However, on-chain data shows that this indicator only reached 2.7 as the price of Bitcoin notched a new all-time high around the $110,000 region. Tarekonchain noted that the Bitcoin price might not have topped out in the current cycle as its MVRV ratio is yet to reach 3.5 as it did in previous cycles. The Quicktake analyst also noted that while BTC’s slump beneath the 365-day moving average is undeniably a bearish signal, the premier cryptocurrency still has an opportunity to rebound from the critical $65,000 support level. “This does not mean the price must reach $65K, but rather that it’s a strong support level,” Tarekonchain added. According to the analyst, the MVRV ratio needs to at least cross 3.0 to be able to confirm the Bitcoin price reaching the cycle top. If the premier cryptocurrency finds support and successfully rebounds, investors could see BTC target new all-time highs — the final peak of this cycle — around $120K–$130K. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $85,000, reflecting no significant movement in the past 24 hours. Related Reading: Is Solana In A Macro Trend Move? Charts Show Potential Shift Featured image from iStock, chart from TradingView
Bitcoin’s price recently experienced another significant downturn, falling below $80,000 earlier today—a nearly 20% decrease in just the past week. This prolonged slump highlights the broader challenges facing the market, with minimal signs of recovery in sight. Amid this turbulent price activity, insights from tugbachain, a contributor to the CryptoQuant QuickTake platform, have shed light on an intriguing trend within the Bitcoin market: the shifting patterns of UTXO Realized Price Age Distribution. Related Reading: Bitcoin’s 60-Day CDD Spikes: A Warning Sign or Buying Opportunity? UTXO Realized Price Age Distribution: Uncovering Key Support Levels The UTXO Realized Price Age Distribution metric provides a detailed look at realized prices across various age bands, effectively illustrating the holding patterns of different investor groups. By calculating the realized price—derived by dividing the Realized Cap by the total Bitcoin supply—this metric offers a snapshot of how both long-term holders and newer market entrants are behaving under current market conditions. Historically, certain realized price levels have functioned as key support zones during market corrections. In particular, the realized price levels for 1-month and 3-month periods often hold significance in bull markets. These levels are where fear-driven selling from smaller investors tends to peak, potentially creating an environment for larger players to stabilize the market. However, as tugbachain highlighted, these 1-3 month realized price levels have now fallen below their typical support thresholds. The next potential support area lies in the 3-month to 6-month range, approximately around $75,875. This shift signals that the market may still be searching for a solid foundation before any meaningful recovery can begin. Bitcoin: Analyzing the Bigger Picture In a separate analysis, tugbachain delves into the Bitcoin Network Value to Transactions (NVT) Golden Cross metric, which serves as a key tool for identifying local market peaks and troughs. The NVT Golden Cross measures the ratio of Bitcoin’s market capitalization to its daily transaction volume. When this ratio exceeds certain thresholds, it can signal whether the market is overbought or oversold. Related Reading: Bitcoin Miners Are Hoarding Their Crypto Despite Plunge—Here’s What It Means Currently, the NVT value is below -2.4, placing Bitcoin firmly in the oversold territory. Historically, oversold conditions at such levels have often coincided with local market bottoms. NVT Golden Cross and Market Conditions “An NVT value below -1.6 indicates a possible market bottom, pointing to oversold conditions. Currently, the NVT value is below -2.4.” – By @tugbachain Full analysis ????https://t.co/VuIHzc6liT pic.twitter.com/eTXIrwjOo7 — CryptoQuant.com (@cryptoquant_com) February 27, 2025 Should a rebound materialize from this oversold zone, tugbachain suggests that the 111-day moving average, currently at $96,895, may act as a resistance point during any price recovery. This perspective offers investors a potential roadmap for understanding and navigating the ongoing market plunge. Featured image created with DALL-E, Chart from TradingView
Bitcoin remains under pressure, with its price dropping below $85,000. At the time of writing, Bitcoin is valued at $84,397, representing a 2.4% decline in the past 24 hours and a significant 13.7% drop over the past week. These market conditions have sparked a range of analyses, with various on-chain indicators offering insights into current investor behavior. Related Reading: Bitcoin Retail Demand Levels Return to Neutral Zone—What Next? Bitcoin Latest CDD Spike Could Signal A Market Shift One of the key indicators highlighted recently by a CryptoQuant analyst known as Banker is the Coin Days Destroyed (CDD) metric. According to Banker, the Coin Days Destroyed (CDD) metric—a measure of economic activity weighted by the age of coins being moved—has seen a substantial surge. The 60-day CDD indicator, which aggregates these destroyed coin days over two months, indicates that coins held for extended periods are now being spent at a much higher rate. This trend, observed from November 2024 to February 2025, suggests that long-term holders are increasingly active in the market, potentially signaling a pivotal moment for Bitcoin. Banker explains that elevated CDD values often correlate with significant market events. In this case, the sustained uptick in long-term holder activity may hint at profit-taking, asset reallocation, or anticipation of heightened market volatility. While it is not unusual for Bitcoin long-term holders to move coins during periods of major price shifts, the current trend represents the strongest CDD signal since 2021. Historically, such patterns have preceded market turning points, making this metric a critical one to watch. Why CDD Matters Notably, the Coin Days Destroyed metric differs from typical transaction volume as it gives more weight to coins that have remained untouched for longer periods. Each unspent day accumulates “coin days,” and when the holder finally moves those coins, these days are “destroyed.” The 60-day CDD effectively tracks long-term holder sentiment by revealing when these seasoned participants decide to act. As earlier mentioned, a consistent increase in CDD often reflects a growing willingness among long-term holders to take profits or reposition their portfolios—moves that can influence broader market sentiment. Related Reading: Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000 Banker points out that this uptick may signal more than just a Bitcoin price correction. With long-term holders moving their coins at a steady pace, the market could be heading toward a “healthier reset.” This kind of activity often sets the stage for new entrants to step in, potentially stabilizing the market and creating opportunities for fresh capital inflows. However, the implications depend heavily on the broader market context, including macroeconomic factors and investor confidence. Featured image created with DALL-E, Chart from TradingView
Bitcoin has faced a challenging market environment, with its price remaining below $88,000 and registering a 10.1% decline over the past two weeks. This significant downturn has been marked by considerable selloffs and a lack of upward momentum. However, amidst this bearish trend, a new development within the Bitcoin mining community has been highlighted by a CryptoQuant analyst. Related Reading: Bitcoin’s Ongoing Dip: Here’s What Analysts Are Saying Miners Hoard Their Bitcoin A CryptoQuant analyst known as BilalHuseynov recently highlighted an intriguing shift in miner behavior. According to the analyst, Bitcoin miners have significantly reduced their withdrawal activity. Since December 2024, miner reserves have remained steady, indicating that miners are holding onto their mined Bitcoin rather than selling it off. This shift comes after a period of increased selling when prices were higher. BilalHuseynov explained: The Miner Reserve is not changing nominally from December 2024. As soon as the Bitcoin price increased, miners sold significantly. That was obvious! But since last December, after Bitcoin hit its ATL according to Bitcoin Miner Withdrawing Addresses, we can see that the withdrawal transactions have been stopped and even decreased. This strategy appears to align with a broader market downturn, where miners opt to accumulate Bitcoin during low-price periods rather than cashing out. “Miner Reserves are not affected significantly. It seems they are gathering their Bitcoin. In general, that is happening in the downtrends of the crypto market,” the analyst added. Overall, the data from BilalHuseynov suggests that miners may be positioning themselves for a potential recovery. By holding rather than selling, they effectively reduce supply pressure, which could help stabilize prices in the longer term. Institutions Step In In a related development, another CryptoQuant analyst known as Amr Taha reported significant outflows from Coinbase Advanced over the past two days. These large outflows—interpreted as aggressive accumulation—may signal growing interest from institutional investors. With Coinbase serving as a key platform for US-based institutions, the sizable withdrawals could indicate long-term holding strategies rather than short-term speculative moves. Related Reading: Market Signals Point To Caution: Bitcoin’s 3-Day Chart Shows Potential Sell Alert Additionally, Taha noted that these movements might be tied to Bitcoin ETF activity, reflecting increased underlying demand and reinforcing a potential “supply squeeze” narrative. The analyst wrote: These large outflows typically suggest accumulation by institutions or large investors, potentially signaling bullish sentiment. If this aligns with increased spot demand or ETF inflows, it could reinforce a supply squeeze narrative. Meanwhile, Bitcoin is still in bearish territory, with its current price sitting below $86,000. At the time of writing, Bitcoin trades at $85,365, marking a 1.4% decrease in the past day and a roughly 11.8% plunge in the past week. Featured image created with DALL-E, Chart from TradingView
The Head of Research at CryptoQuant has revealed why it may be too early to call a bottom for Bitcoin, based on the trend in on-chain data. Bitcoin MVRV Z-Score Has Plunged Under Its 365-Day MA In a new post on X, CryptoQuant Head of Research Julio Moreno has talked about why Bitcoin may not have reached a bottom yet. “All valuation metrics are in correction territory,” notes the analyst. “It can take more time.” Related Reading: XRP Indicator Reliable Since 2022 Now Gives This Signal An indicator that Moreno has cited as an example of this trend is the Market Value to Realized Value (MVRV) Z-Score. This metric basically tells us about how the market cap of the asset compares against its realized cap. The “realized cap” is an on-chain capitalization model that calculates the total value of the BTC supply by assuming that each token in circulation has its ‘true’ value equal to the spot price at which it was last transacted on the blockchain. In other words, the realized cap sums up the cost basis of the cryptocurrency’s supply. As such, the model can be interpreted as a measure of the total amount of capital the investors as a whole have put into BTC. Since the MVRV Z-Score compares the market cap, which represents the value the investors are holding right now, against this initial investment, it tells us about the profit-loss status of the cryptocurrency’s user base. The MVRV Z-Score is similar to the popular MVRV Ratio, but where it differs from the latter is that it also applies a standard deviation test to pull out the extremes from the data. Now, here is the chart shared by Moreno that shows the trend in the Bitcoin MVRV Z-Score, as well as its 365-day moving average (MA), over the last few years: As displayed in the above graph, the Bitcoin MVRV Z-Score has recently witnessed a sharp decline. The reason for this drawdown naturally lies in the crash that the asset’s price has just gone through, which has put many investors into a state of loss. Despite the plummet, though, the metric remains above the zero mark. Below this level, the overall market enters into a state of loss, so the boundary has historically proven to be an important one for the cryptocurrency. Related Reading: Bitcoin Mega Whales The Primary Sellers During Price Crash, Analytics Firm Reveals An important level that the metric has indeed lost, however, is the 365-day MA. As the analyst has highlighted in the chart, past breakdowns of the line have generally led to notable periods of struggle for the Bitcoin price. It only remains to be seen how long BTC would have to stay under the level this time around, before its price reaches a bottom. BTC Price At the time of writing, Bitcoin is floating around $86,300, down more than 11% over the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin (BTC) is currently trading just below $88,000, a significant drop from its all-time high of $109,000 earlier this year. Over the past month, the leading cryptocurrency has faced a steady decline, slipping nearly 15% and showing limited signs of a rebound. While this bearish trend has many investors concerned, one CryptoQuant analyst, BilalHuseynov, recently shared his perspective on Bitcoin’s current state using the Retail Investor Demand (RID) indicator. Related Reading: Bitcoin Retail Demand Levels Return to Neutral Zone—What Next? Bitcoin Retail Investor Demand at a Crossroads BilalHuseynov’s analysis focused on Retail Investor Demand (RID). This metric, which gauges retail interest and activity in Bitcoin, can often provide insight into potential price movements. According to the analyst, retail investor demand recently faced resistance near the neutral zone of around 0%. Back in mid-February, the RID indicator attempted to cross this threshold but fell short, resulting in Bitcoin’s decline to the current $88,000 level. However, despite this setback, there are positive signs. The analyst noted that the RID is beginning to pick up again, a pattern reminiscent of June 2021 when Bitcoin saw a swift recovery after a similar dip. However, for the metric to truly signal a positive turn, it would need to rise above the 0% neutral zone, indicating a potential shift in market sentiment. BilalHuseynov further elaborates on how the RID metric can guide long-term analysis. He identifies three key levels: • Negative (-15%): A strong indicator to watch for buying opportunities. • Neutral (0%): A sign that the market might be preparing for movements in either direction. • Positive (15%): Suggests that Bitcoin’s price has entered a “premium area,” often seen during bull markets. The analyst gave an example, highlighting that in October 2024, a surge above the 0% neutral zone coincided with Bitcoin reaching its all-time high. Conversely, a dip back to 0% in late 2024 marked the onset of a bearish phase. Currently, the RID sits at a critical juncture, and a shift in retail demand could influence Bitcoin’s trajectory in the coming months. Short-Term Indicators Point to Potential Rebound Opportunities Meanwhile, other analysts are identifying short-term buying opportunities based on different metrics. Yonsei Dent, another CryptoQuant analyst, pointed to the Spent Output Profit Ratio (SOPR) for Bitcoin’s short-term holders (STH). This metric, which measures whether short-term holders are selling at a profit or a loss, has recently dropped to levels that historically have indicated oversold conditions. According to Dent, applying Bollinger Bands to the STH-SOPR helps pinpoint extreme deviations, and the current data shows a pattern similar to previous market bottoms. Dent noted that each significant downside deviation in STH-SOPR has been followed by a short-term rebound ranging from +8% to as much as +42%, even during bear market conditions. Related Reading: Bitcoin Enters Re-Accumulation Range After Crash Below $90,000, What To Expect This historical context suggests that Bitcoin may be nearing a critical juncture. If the pattern holds, a short-term price recovery could be on the horizon, offering an opportunity for short-term traders. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s downward trajectory continues, with its price slipping below $89,000, marking an 8.5% loss over the past week. This extended decline has raised concerns among investors about whether the bottom is finally in. Recent market behavior suggests that significant capitulation is taking place, which some analysts believe could indicate a turning point. Related Reading: Bitcoin’s Ongoing Dip: Here’s What Analysts Are Saying Massive Bitcoin Sell-Off: Is The Bottom In? A key observation has emerged from a CryptoQuant analyst known as caueconomy, who recently highlighted what he describes as the “largest Bitcoin capitulation” event of 2025. In a post titled “The biggest Bitcoin capitulation since August 2024 – bottom is in?,” caueconomy noted that more than 79,000 BTCs were sold at a loss within a single day, amounting to roughly $1.7 billion. This sell-off, according to caueconomy, is reminiscent of the capitulation event in August 2024, when Japan’s interest rate hikes triggered widespread deleveraging across global markets. Caueconomy’s analysis points to a critical juncture for Bitcoin. He observed that the previous capitulation event in August 2024 marked a short-term bottom, as the market stabilized and eventually rallied to $100,000 by December. While he acknowledges that it’s impossible to guarantee the current price won’t drop further, the scale of this capitulation presents a potential opportunity for long-term investors. The analyst’s insights offer a mixed picture: although the market may face continued pressure, the extent of recent selling activity could indicate that many “weak hands” have been shaken out. This process, while painful in the short term, often sets the stage for a more solid price foundation, enabling a recovery down the line. The biggest Bitcoin capitulation since August 2024 – bottom is in? “A total of more than US$ 1.7 billion in coins were distributed at a loss on the 25th, being the biggest capitulation since August 5th.” – By @caueconomy Read more ⤵️https://t.co/gclTPwRqgr pic.twitter.com/sxmF2tw79r — CryptoQuant.com (@cryptoquant_com) February 26, 2025 Ongoing Bearish Indicators Persist Despite these observations, other analysts remain cautious about calling a market bottom. In another analysis shared on CryptoQuant’s platform, an analyst known as Nino highlighted several bearish indicators that have surfaced in recent weeks. Negative funding rates on various derivatives exchanges, combined with a negative Coinbase Premium, suggest a continued dominance of short positions and heightened selling pressure in the spot market. Related Reading: Market Signals Point To Caution: Bitcoin’s 3-Day Chart Shows Potential Sell Alert Nino explained that when funding rates are negative, futures prices are trading below spot prices, reflecting an increase in short interest. Simultaneously, a negative Coinbase Premium indicates that selling on Coinbase has been substantial enough to push its spot price below that of other exchanges. The CryptoQuant analyst added: These figures together highlight a strong bearish sentiment among market participants, with short-selling pressure outpacing that of long positions in this recent downturn. All of these findings are strictly based on what can be observed from the chart, offering a glimpse into the overall market mood. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has faced a dramatic downturn, falling below $90,000 and reaching as low as $87,000 levels today. This steep decline places the cryptocurrency further away from its January all-time high of over $109,000. The sharp sell-off comes amid both internal and external challenges, leaving investors uncertain about what lies ahead. While the market struggles to find support, the path forward so far remains unclear However, Mac.D, a contributor to the CryptoQuant QuickTake platform has managed to analyze the current market scenario and give a detailed outlook. Related Reading: Bitcoin Retail Demand Levels Return to Neutral Zone—What Next? Is A Rally Still Possible For Bitcoin? Diving into the outlook, Mac first touched on the major factors behind the ongoing plunge in Bitcoin’s price. According to Mac, a combination of internal and external pressures have contributed to Bitcoin’s recent plunge. Internally, the aftermath of a notable Ethereum-related hacking incident has unsettled the broader crypto market. Externally, the ongoing inflation concerns and the reintroduction of tariff policies under the Trump administration have weighed on risk assets, including Bitcoin. These factors have collectively led to a break below the crucial $90,000 support level, according to Mac, the analyst further points to two key elements that could influence Bitcoin’s trajectory moving forward. First, the recent liquidation of long positions has reached its highest level since November, with $245 million worth of long positions wiped out. Such large-scale liquidations often reduce market depth, creating conditions that might enable a price rebound. BTC Massive Long Liquidation, At a Crossroads of Rise or Fall “Liquidation of long positions has occurred. Today’s liquidation marks the highest since November, with $245 million worth of long positions being liquidated.” – By @MAC_D46035 Full post ⤵️https://t.co/c4aefYbQ73 pic.twitter.com/xCwDbAyLJM — CryptoQuant.com (@cryptoquant_com) February 25, 2025 Second, the average entry price for whale investors holding Bitcoin for less than six months is around $89,600. This psychological support level may help stabilize the market if these whales refrain from further selling. Despite these potential supports, the outlook is far from certain. Mac cautions that if the support level fails to hold, further declines could occur. In this scenario, he recommends proactive risk management strategies, including short positions in futures or partial liquidation of holdings. Related Reading: Bitcoin Once Again Arrives At This Bear-Bull Boundary—Will A Break Happen? Technical Outlook On BTC With Bitcoin currently trading at $87,132, it is quite obvious that the asset has breached the $89,600 support highlighted by Mac. While Mac suggests this breach could lead to further declines, another analyst, RektCapital, offers a more optimistic technical view. According to RektCapital, Bitcoin’s recent drop might be a temporary setback. The analyst highlights a potential downside deviation that often precedes a significant price recovery, indicating that a rebound could already be taking shape. #BTC The downside deviation below the Range Low of the ReAccumulation Range is now in progress$BTC #Crypto #Bitcoin https://t.co/r5reRJ0HFy pic.twitter.com/yr1ABiDmBg — Rekt Capital (@rektcapital) February 25, 2025 Featured image created with DALL-E, Chart from TradingView
Ethereum (ETH) has plummeted 11.4% in the past 24 hours, reflecting a broader market downturn that saw Bitcoin (BTC) drop by 8%, XRP by 13.6%, and Solana (SOL) by 12.9%. Despite the sea of red, several leading voices—including CryptoQuant CEO Ki Young Ju—are calling for a more optimistic perspective on ETH. Time To Go Bullish On Ethereum Sharing his “bullish thoughts on ETH” via X, Ki Young Ju argued there has been “no significant sell pressure” despite the recent Bybit hack, pointing out that both on-chain and market data remain neutral. “Exchange selling takes time, and OTC offloads barely affect the price,” he added. He also emphasized Ethereum’s dominant share of the stablecoin market cap—currently around 56% and noted how potential regulatory shifts under the Trump administration, which is reportedly “easing crypto regs,” could spur further adoption of ETH-based stablecoins and smart contracts in 2025. Related Reading: Ethereum Must Hold This Key Level To Keep Altseason Hopes Alive, Analyst Explains Ju referenced additional catalysts, reminding followers that the ETH spot ETF “is already approved,” suggesting that a “Large Cap ETF altseason” might be on the horizon for Ethereum. He added, “BlackRock ETH spot ETF holdings increased 124% over the past three months.” Lastly, Ju highlighted growing whale accumulation: addresses holding 10,000 to 100,000 ETH have increased their balances by 24% over the past year, with the current price “nearing the cost basis of accumulating addresses.” However, Ju admitted he was “surprised” by what he sees as an overwhelmingly bearish mood on Crypto Twitter. “Wow, CT [Crypto Twitter] sentiment on ETH is extremely bearish. Let me know if you have any data-driven analysis to support your bearish thesis. Most bears seem to cite the dropping price itself as their reason for selling. Very interesting,” Ju remarked. On his alternative X account—under the handle @kate_young_ju—he reiterated that “whales are stacking ETH,” pointing to the current cost basis for these accumulating addresses at around $2,199, compared to the spot price hovering near $2,505. Ju is not alone in challenging the doom-and-gloom market narrative. AdrianoFeria.eth (@AdrianoFeria), an member of the ETH community, asserted that “the market is in the shitter” but urged investors to focus on high-level institutional and political signals favoring Ethereum. Related Reading: Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence He specifically cited reports of the US President and family purchasing “hundreds of millions of dollars worth of ETH,” the CEO of BlackRock’s endorsement of tokenization (and BlackRock’s own tokenized USD experiment on Ethereum), and Bybit’s need to buy large quantities of ETH to cover its hack—potentially fueling more demand. Feria also mentioned that Ken Griffin, the CEO of Citadel believes Ethereum could replace Bitcoin. For this community member, the fact that “everyone on CT is still taking a shit on ETH” only reinforces a contrarian bullish stance. Popular crypto analyst IncomeSharks (@IncomeSharks) weighed in by posting a chart showing another “red scary candle” but indicating a buy zone above $2,400. Meanwhile, Chris Burniske, partner at Placeholder VC, offered historical perspective, reminding followers of 2021’s mid-cycle drawdowns: BTC fell 56%, ETH 61%, SOL 67%, and many other assets 70-80%. According to Burniske, “you can come up with all the reasons for why this cycle is different, but the mid-bull reset we’re going through isn’t unprecedented. Those calling for a full blown bear are misguided.” At press time, ETH traded at $2.382. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s price performance remains under pressure, with the asset experiencing a drop of 2.3% over the past week. This decline pushes BTC’s value even further from its January all-time high of over $109,000. Amid the bearish momentum, analysts are observing signs of renewed interest from retail investors—a critical market segment that could shape Bitcoin’s near-term direction. Related Reading: Is The Bitcoin Price Manipulated? Expert Exposes The Truth Bitcoin Retail Demand Slowly Recovers A new analysis by CryptoQuant analyst Darkfost has highlighted a promising shift in Bitcoin’s retail demand metrics. Specifically, the 30-day demand change has climbed back into the neutral zone around 0%, recovering from a highly negative -21% seen late last year. According to the insight shared by Darkfost, this is the first time since 2021 that retail demand has shown such a notable turnaround. Historically, periods of recovering retail demand have been linked to eventual price rebounds. For example, in July 2024, retail demand reached a similar low point before beginning to recover. Although it took roughly three months for Bitcoin’s price to respond positively, the subsequent upward movement demonstrated the impact of growing retail interest. Bitcoin retail Investor demand is brewing “Notably, past instances of recovering retail demand have often coincided with upward price movements in the short-term.” – By @Darkfost_Coc Full post ⤵️https://t.co/lvhC8JnvBD pic.twitter.com/YdBr6F78W7 — CryptoQuant.com (@cryptoquant_com) February 24, 2025 Darkfost noted that if this trend holds true this time, the current recovery in retail demand could lay the groundwork for future price gains—though such changes may take time to materialize. Network Activity and Investor Sentiment on the Decline Despite the positive signs from retail demand, overall network activity and investor sentiment tell a more cautious story. Darkfost in a separate post revealed a downward trend in the number of active Bitcoin wallets and transactions used for deposits and withdrawals. The accumulation of Bitcoin by spot ETFs has also slowed, with minor outflows suggesting a more hesitant investor base. Additionally, the number of unspent transaction outputs (UTXOs) is decreasing at a pace reminiscent of previous market corrections. Although this alone does not confirm a market cycle peak, it does raise questions about the underlying strength of current market participants. Investor sentiment has also been weighed down by broader macroeconomic and geopolitical factors. Darkfost highlighted that while initial bullish sentiment was buoyed by optimism surrounding Trump’s election and the possibility of favorable US crypto regulations, no substantial policy changes or legislative actions have yet emerged. Related Reading: Bitcoin’s Bullish Case Hinges On $94,645 Support: Will Buyers Step In? Meanwhile, global trade tensions and risk-averse market behavior continue to dampen enthusiasm. With earlier bullish narratives already factored into Bitcoin’s price, the market will likely require new catalysts or improved conditions to regain upward momentum. Featured image created with DALL-E, Chart from TradingView
The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange. Ethereum, which traded as high as $2,840 earlier on Friday, February 21, dropped towards $2,600 on the back of news of the ByBit hack. Interestingly, recent on-chain data suggests that the altcoin’s price could still make its way to $4,000 before the end of this cycle. Could ETH Price Still Record A 60% Rally This Cycle? In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Crypto Sunmoon identified a particular bullish divergence that offers insight into the Ethereum price performance in the near future. This bullish observation is based on recent movements of ETH’s “taker buy/sell ratio” across all exchanges. Related Reading: Dogecoin Price On The Edge: Breakout Or Breakdown—What’s Next? This metric measures the taker buy and taker sell volumes for a specific cryptocurrency (Ethereum, in this case). When the taker buy/sell ratio is greater than one, it implies that the taker buy volume is higher than the taker sell volume. This is typically considered a bullish signal, indicating the willingness of investors to pay a higher price for an asset. On the contrary, a less-than-one taker buy/sell ratio indicates that sellers are overwhelming the buyers in the market. This scenario suggests that more sellers are willing to offload their assets at a lower price, signaling a bearish shift in investor sentiment. Crypto Sunmoon noted that the 100-day exponential moving average (EMA) of the Ethereum taker buy/sell ratio on all exchanges has been rising in recent weeks. The Ethereum price, on the other hand, has been declining since mid-December. According to the analyst, this divergence is positive, as it indicates that a bearish trend has ended and an upward trend could be starting. The last time this bullish divergence occurred, the Ethereum price traveled from beneath $2,500 to above $4,000 (over 60% rally). While investors would view a reclaim of $3,000 as a victory for Ethereum, history and this bullish divergence suggest that the altcoin’s price could still climb toward the $4,000 mark before the end of the current cycle. Ethereum Price At A Glance As of this writing, the price of Ethereum stands around $2,650, reflecting a nearly 4% decline in the past 24 hours. Related Reading: More Pain Ahead For Solana? Dangerous Price Drop To $125 Looms With This Support Retest Featured image from iStock, chart from TradingView
As the cycle progresses, many investors are awaiting the long-anticipated Altseason, with opinions split on whether it will happen. Several market watchers have affirmed that Altcoins (Alts) are getting ready for an explosive breakout, but others, including CryptoQuant’s CEO, have suggested a different outlook. Related Reading: Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions Few Cryptocurrencies To ‘Survive’ The Altseason On Friday, Ki Young Ju, CryptoQuant’s founder and CEO, affirmed that the Altseason has begun. In an X thread, Ju suggested that there will not be a direct Bitcoin-to-alt rotation this cycle, noting that “stablecoin holders are favoring” Altcoins. According to Ju, Bitcoin is no longer a quote cryptocurrency, adding that Bitcoin (BTC) Dominance doesn’t define the altseason anymore. In a December post, he explained that “Altcoins used to move together based on their correlation with BTC,” however, this pattern has now broken. Instead, he stated that trading volume is the metric that defines it, with Altcoins currently having 2.7x the volume of Bitcoin. Ju also considers this to be a very selective and challenging altseason, with only a few Altcoins with strong user cases and narratives expected to thrive. He added that, despite good market sentiment, there isn’t fresh liquidity, which “feels like a PvP fight over a fixed pie.” As a result, Altcoin battles “are getting fiercer,” and only a few are pumping this altseason and attracting new liquidity. Altcoin markets are currently a zero-sum PvP game. While Bitcoin has doubled its market cap, the alt market cap is still below its previous ATH, rotating among themselves without fresh capital inflows. Only a few Alts with strong use cases and narratives will survive. Altcoins Ready For Next Leg Up Trader Crypto Yoddha suggested that Altcoins are “ready for round 2” after its recent performance. According to the post, the crypto market, excluding BTC and ETH, is following 2020-2021’s playbook. During the last cycle, Altcoins experienced two legs towards its cycle top and all-time high (ATH) of $1.13 trillion. In the “first round,” they broke out from its accumulation period, seeing a small re-accumulation phase before surging to the previous top. After reclaiming this resistance level, Altcoins started “round two,” achieving various new highs before hitting a new cycle top. Yoddha pointed out that the market is finishing the first round, as it tested last cycle’s top during the post-election pump. Analyst Rekt Capital affirmed that the crypto market cap, excluding the top 10 tokens, “has completed the second part of its Double Bottom formation.” He explained that Altcoins had been consolidating between the $250 billion to $280 billion range since the February 3 correction. Related Reading: Ethereum To Move Sideways For 2-3 Months? Analyst Says Longer ETH Consolidation Is Needed Per the post, Alts must close above $280 billion and retest this level as support to confirm a breakout from its three-week resistance and attempt to reclaim the $300 billion mark. Similarly, analyst Carl Runefelt stated that Altcoins have a parabolic move after breaking out of its two-month descending channel. Alts saw a 120% climb after breaking out of a 2024 multi-month descending channel. Altcoins must reclaim the $300 billion resistance to break from this pattern. Featured Image from Unsplash.com, Chart from TradingView.com
Following a lackluster performance in recent weeks, Bitcoin appears to be seeing a steady recovery with its price now approaching the $100,000 price mark. Particularly, so far, BTC has managed to regain some of the losses shedded in recent weeks with its price now hovering above $98,000, marking a 2.6% increase in the past 7 days. Alongside this price movement, new data have emerged highlighting significant activity among large holders on exchanges, suggesting a shift in market dynamics. Related Reading: Bitcoin Open Interest Climbs—Is a Market Breakout Around the Corner? Bitfinex Whales Show Increased Activity A CryptoQuant analyst known as Mignolet has recently shared a detailed outlook on exchange whales and their influence on the current price action in Bitcoin. Mignolet’s observations focus on leverage ratios across major trading platforms. According to his analysis, the “all exchange leverage ratio” is at an all-time high. This measure, which captures the amount of leverage being used on exchanges, reflects heightened activity that could precede significant price moves. Interestingly, while Binance has seen its leverage ratio drop back to levels last seen during last year’s consolidation phase, Bitfinex tells a different story. On Bitfinex, leverage ratios have surged sharply, aligning with a rise in open interest. Mignolet highlights that this activity points to a sudden increase in whale movements within the ongoing consolidation range. While these leverage ratios alone don’t guarantee a specific price direction, the sharp uptick on Bitfinex suggests a shift in market dynamics that bears watching. According to the CryptoQuant analyst, the question now is: What are these whales aiming for? Mignolet’s analysis stops short of providing a definitive answer, but it raises the possibility of a major price shift soon. With Bitcoin’s price holding steady above $98,000, the actions of these large-scale traders could influence whether the market breaks higher or retreats back into a more extended consolidation phase. Bitcoin Encounters Potential Strong Support Zone Meanwhile, Bitcoin has continued to inch closer to the six-digit price mark which it recently fell below in the previous week. Although the asset is still roughly an 8.7% decrease away from its all-time high (ATH) above $109,000 established in January, it has managed to see an uptick in price in the past few days. At the time of writing, Bitcoin trades at $98,091 marking a 1.2% increase in price over the past day. According to data from IntoTheBlock, the asset appears to be seeing a formation of a “massive demand zone just below the current price.” IntoTheBlock highlighted that should the market face further downward pressure around this area, the zone may act as strong support. A massive demand zone has formed just below the current price???? On-chain data indicates that 2.76 million addresses acquired a total of 2.1 million $BTC at an average price of 97.1k, highlighting significant buying interest at this level. If the market faces further downward… pic.twitter.com/ANm1kkXMtE — IntoTheBlock (@intotheblock) February 21, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price remains below the $100,000 mark, trading at $98,000 at the time of writing. While this positions its daily performance in positive territory, the larger picture suggests continued bearish pressure. Over the past month, Bitcoin has declined by 6%, and its current price represents a 10% decrease from the all-time high above $109,000 recorded last month. This prolonged downturn has led market participants to closely examine on-chain metrics for clues about what might come next. Related Reading: Bears In Trouble? Bitcoin Liquidity Signals A Brutal Squeeze To $111,000 Short-Term Bitcoin Sellers Are Fading One key indicator, the Short-Term Holder Spent Output Profit Ratio (STH SOPR), has gained attention recently from a CryptoQuant Analyst. The analyst known as Burak Kesmeci in a recent upload on the QuickTae platform revealed that STH SOPR which measures whether short-term holders—those who have held their coins for less than 155 days—are selling at a profit or a loss appears to now be fading. A value above 1.00 indicates profit-taking, while a value below 1.00 suggests losses. In 2025 so far, this metric has shown that short-term holders have sold at a loss during three notable corrections. According to the analyst, on January 8, Bitcoin’s price dropped from $104K to $92K, driving STH SOPR down to 0.987. Similarly, on January 27, a correction from $106K to $102K pushed the ratio to 0.990, and on February 2, a plunge from $104K to $91K brought it to 0.984. Short-Term Holders and Future Market Sentiment Kesmeci revealed that Bitcoin appears to be consolidating between $94K and $97K, with STH SOPR at 0.998. This near-neutral level suggests that short-term holders are no longer selling at significant losses, indicating that the fear-driven selling seen earlier in the year may be subsiding. This shift is quite noteworthy because sentiment among short-term holders often plays a critical role in the market’s overall trajectory. When short-term holders start turning a profit, they are more likely to share positive experiences, potentially encouraging new investors to enter the market. This dynamic can help accelerate upward momentum, laying the groundwork for the next bullish phase. The recent stabilization of STH SOPR, along with Bitcoin’s steady price range, may set the stage for a stronger rally in the months ahead. However, while it is still early to determine the direction of the next major market move, the near-neutral STH SOPR suggests that selling pressure from short-term holders has overall diminished. This could pave the way for a more stable price environment, and if positive sentiment continues to grow, Bitcoin may see renewed interest and an eventual return to higher price levels. Featured image created with DALL-E, Chart from TradingView
Bitcoin has gradually been recovering with its price now hovering above $97,000 as of today—a noticeable increase from the $94,000 price mark seen earlier this week This upward movement comes as analysts highlight significant trends in the perpetual futures markets that may indicate a substantial shift on the horizon. Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals Bitcoin’s Open Interest Points to Possible Market Shift One notable development is the increase in Bitcoin’s open interest—an indicator of the total number of outstanding perpetual futures contracts on centralized exchanges. According to ShayanBTC, a CryptoQuant’s QuickTake platform contributor, Bitcoin’s open interest has been steadily rising despite recent market volatility. Shayan pointed out that this growth signals heightened activity within perpetual markets, which could lead to a decisive breakout in Bitcoin’s price. However, the direction of this move remains unclear as additional data is needed for a more precise forecast. Shayan noted: This increase suggests that more activity is flowing into the perpetual markets, and the dominant direction of these positions will ultimately determine Bitcoin’s next significant move. If this trend persists, the market will likely experience a major breakout in the mid-term. However, the direction of this move remains uncertain, as additional data is required to make an accurate prediction. Deep Learning Projections Offer Mixed Signals In a separate analysis, CryptoQuant’s analyst CryptoOnChain presented a data-driven projection of Bitcoin’s near-term price movements. By employing on-chain metrics and a deep learning model known as the Wave Net algorithm, CryptoOnChain estimated that Bitcoin’s price may fluctuate between $93,000 and $110,000 over the coming month. The chart below shows the prediction of Bitcoin’s price for the upcoming month using on-chain data and deep learning with the Wave Net algorithm. As observed, this prediction indicates a fluctuating pattern for the next month. #Bitcoin #BTC #CryptoTrading pic.twitter.com/4Ki8TYE8Ui — CryptoOnchain (@CryptoOnchain) February 19, 2025 Meanwhile, Bitcoin is still trading below $100,000 with a current trading price of $97,136, at the time of writing. While this market price has managed to put BTC’s daily performance in green, on a broader scale, BTC is still somewhat bearish. Over the past month, the asset has declined by 6.1% and its current trading price marks a 10.6% decrease away from its all-time high above $109,000 recorded last month. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains According to a Crypto analyst known as RektCapital on X, Bitcoin price action so far is “performing the key technical steps to fully confirm the Bull Flag breakout to set itself up for trend continuation going forward.” #BTC The Bitcoin post-breakout retest of the Monthly Bull Flag is successful thus far Price is performing the key technical steps to fully confirm the Bull Flag breakout so as to set itself up for trend continuation going forward ~$96700 needs to hold$BTC #Crypto #Bitcoin https://t.co/HXEsC7kN3p pic.twitter.com/OM6VCiUt5b — Rekt Capital (@rektcapital) February 20, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has gradually increased, climbing from $96,000 to nearly $97,000 as of today. Although still shy of the coveted $100,000 mark, the leading cryptocurrency shows signs of resilience. This recovery is unfolding against the backdrop of mixed market signals, prompting analysts to weigh the potential for continued bullish momentum versus the risk of a near-term pullback. Related Reading: Bitcoin Faces Persistent Resistance at $100K, Analyst Eyes Next Step Bitcoin’s Market Momentum at a Crossroads One recent analysis from Onchain Edge, a contributor to CryptoQuant’s QuickTake platform, highlights Bitcoin’s current “critical decision zone.” Using two key indicators—the Taker Buy/Sell Ratio and the MVRV Ratio—Onchain Edge’s findings suggest a market that is not yet overvalued, though caution flags remain. While the overall on-chain data leans more positive, the contrasting signals highlight the precarious position of Bitcoin’s current rally. From a bullish perspective, the MVRV Ratio—an indicator that compares Bitcoin’s market value to its realized value—stands at 2.21, well below the levels that typically signal market tops (3.5–4.0). This suggests that Bitcoin’s current valuation is not overstretched, leaving room for further upside. Moreover, other indicators such as the Puell Multiple reinforce the notion that Bitcoin has not yet reached overbought conditions. According to the CryptoQuant analyst, if these macro indicators hold steady and buyers return in force, Bitcoin could continue its upward trajectory, potentially reclaiming six-figure territory before any substantial correction sets in. Possible Bearish Signals on the Horizon Despite these promising signs, the Taker Buy/Sell Ratio, which gauges market sentiment by comparing aggressive buy and sell orders, stands at 0.96—below the 0.98 threshold often associated with bullish strength. Onchain Edge reveals that historically, levels around this range have preceded market corrections, as was the case during peaks in March and November of 2021. Should Bitcoin fail to break above resistance, this ratio could hint at a short-term top. A sustained failure to climb past current levels may trigger a temporary pullback, providing a cooling-off period before any subsequent rally. As Bitcoin hovers near this pivotal price point, the market remains finely balanced between cautious optimism and potential downside risk. Onchain Edge concludes that maintaining a level above $95,000, combined with a resurgence in buying activity, could pave the way for a move to new highs. Related Reading: Bitcoin Meets Fiscal Reality: Fidelity’s Timmer Predicts What’s Next Conversely, a decline below critical support might lead to a healthy correction before the market regains upward momentum. While the bull cycle appears intact, the coming days may determine whether Bitcoin’s current rally has enough fuel to continue, or if a pause is on the horizon. Featured image created with DALL-E, Chart from TradingView
Bitcoin entered the final stretch of its weekly cycle and could bottom soon, a well-followed trader said.
Weeks after hitting an all-time high above $109,000, Bitcoin’s price remains under pressure. It is currently trading below the $100,000 mark, an 11.4% decrease from its peak. The crypto asset’s recent trajectory has raised questions about its next move as it trades within a relatively tight range. According to CryptoQuant analyst Percival, Bitcoin is exhibiting a pattern that hints at upcoming significant market movements. Related Reading: Bitcoin’s Late Longs Liquidated: Is a Breakout Finally on the Horizon? Potential Support Levels and Short-Term Indicators In a post titled “Bitcoin ready for either side,” Percival highlights the asset’s current “loading phase.” He explains that Bitcoin’s price dynamics have historically shown abrupt rises followed by prolonged periods of consolidation. The Choppiness Index—a measure used to determine whether the market is trending or consolidating—currently indicates instability, with daily and weekly readings at 62 and 72, respectively. Percival notes that this is a sign of impending volatility. Over the past 90 days, Bitcoin’s range has fluctuated within a band of roughly 16%, suggesting mounting pressure for a breakout. Percival outlines key price levels that could act as support if Bitcoin’s price declines further. The Short Term Holders Cost Base, located at $92,000, is the first significant support level. If that fails, the next support zone lies between $80,000 and $89,000, aligning with the 200-day exponential moving average (EMA). These levels could provide critical price floors as traders assess whether the current downtrend is nearing an end. The analyst also examines the short-term Spent Output Profit Ratio (SOPR), a metric that helps gauge whether coins moving on-chain are being sold at a profit or loss. Currently sitting just below 1, the SOPR suggests the market is near equilibrium. Percival compares the current scenario to August 2023, when a similar setup preceded significant price movements. At that time, low volatility cleared out traders with positions in the wrong direction before a major rally ensued. Today’s conditions—marked by a test zone near 0.99—suggest that sudden price swings could trigger liquidations and short-term panic. Bitcoin Market Sentiment and Next Steps Overall, Percival points out that Bitcoin’s market structure often involves false moves before establishing a clear trend. Breakout traders positioned near the current levels could find their positions shaken out before a sustained directional move materializes. This pattern highlights the importance of caution, particularly for traders attempting to time the market’s next breakout. Meanwhile, Bitcoin is currently trading at $96,265 after seeing a 1% decrease in the past day. According to a renowned crypto analyst, Ali on X, the asset is likely to see a notable rebound in the near term based on its TD sequential indicator flashing a buy signal. After accurately timing the recent local top, the TD Sequential indicator is now flashing a buy signal on the #Bitcoin $BTC 4-hour chart, suggesting a potential price rebound! pic.twitter.com/3IzinRirxo — Ali (@ali_charts) February 17, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin has shown some resilience after weeks of consistent price declines, recording a slight upward move in the past day. However, the recovery has not been sufficient to reverse the prevailing bearish sentiment, with the cryptocurrency still trading below the key psychological level of $100,000. Notably, according to a recent insight shared by a CryptoQuant analyst known as Crypto Dan, this latest uptick from Bitcoin might just be an early sign of stabilization. Related Reading: Bitcoin On The Brink Of A Massive Short Squeeze, Expert Warns Market Indicators Show Room for Growth In Crypto Dan’s latest analysis titled “Crypto Market – The Bull Cycle Isn’t Over Yet,” Dan discussed several indicators suggesting that the current market phase still has room for growth. Notably, he highlighted that Bitcoin’s valuation metrics remain below historical overvaluation levels, and other market conditions point to potential upside in the longer term. According to Dan, the MVRV (Market Value to Realized Value) ratio, a metric that measures whether Bitcoin is overvalued or undervalued relative to its historical performance, remains well below the peaks seen in prior bull cycles. This indicates that Bitcoin might still have substantial upward potential. #Bitcoin $BTC momentum has shifted, signaling a possible trend reversal! pic.twitter.com/vfxoJaIfkT — Ali (@ali_charts) February 13, 2025 Dan also noted that certain hallmark signs of a market top—such as a surge in new capital inflows typically associated with altcoin season—have yet to materialize, suggesting that the bull cycle may still be in progress. In addition, Dan pointed to recent macro-level developments, such as the approval of spot ETFs and the early stages of pro-Bitcoin policies under former President Trump’s administration. These factors, he argued, could help boost confidence in the cryptocurrency market, providing the foundation for a sustained recovery. Bitcoin Market Performance Bitcoin is currently trading for $95,999, at the time of writing following a drop of nearly 10% in the past two weeks. Although the asset has managed to see a slight uptick of 1% in the past day, it remains below the $100,000 price mark. At current market prices, BTC is roughly an 11.5% decrease away from its all-time high (ATH) above $109,000 recorded in January. Interestingly, despite the decline in BTC, its daily trading volume has seen an opposite trend. Particularly, over the past few days, this metric was able to see a noticeable surge increase from below $25 billion as of February 9 to now sitting above $37 billion, as of today. Related Reading: Bitcoin Funding Rate Turns Neutral On Top Exchanges: What Happened Last Time Aside from Dan’s BTC MVRV ratio’s bullish indication, other analysts have shared their technical perspective on Bitcoin disclosing that a major rally is on the horizon. Featured image created with DALL-E, Chart from TradingView
Bitcoin has faced persistent challenges in recent weeks, struggling to maintain a stable upward momentum. After recently slipping below $100,000, the cryptocurrency now hovers around the $95,000 mark, causing uncertainty among investors. Despite these setbacks, some analysts see signs that the market’s bull cycle may still have room to run. CryptoQuant contributor MAC_D recently examined the current state of Bitcoin’s realized market capitalization, offering insights into what might lie ahead for the asset. Related Reading: Bitcoin’s Struggle Below $100K: Could These Market Signals Trigger the Next Rally? Bitcoin Realized Cap as a Bullish Indicator According to Mac’s analysis, Bitcoin’s realized market capitalization—calculated by summing the value of each Bitcoin based on its last recorded transaction price—has reached an all-time high, surpassing $857 billion. This increase occurred even as Bitcoin’s price experienced a downturn. Traditionally, a rising realized cap indicates that coins are being sold by long-term holders and absorbed by new investors. This redistribution cycle often reflects a healthy, ongoing bull market rather than the end of one. Mac noted that the proportion of long-term holders who have held Bitcoin for more than six months currently stands at 39.74%, compared to 15.66% during the previous market peak. This higher percentage suggests that long-term holders remain active, and the market has yet to reach its zenith. While the data indicates that the bull cycle continues, external factors such as trade tensions and inflation could still influence short-term corrections. However, Mac believes these macroeconomic elements won’t derail the market’s long-term upward trajectory. The analyst wrote: The increase in realized market cap and the decrease in long-term holder ratio indicate that the market is still in a bull cycle. However, investors should also consider macroeconomic factors such as trade tensions and inflation. While these factors may lead to short-term corrections and periods of price stability, the long-term upward trend is expected to persist. Retail Activity Shows Signs of Revival In addition to realized cap metrics, other market indicators also suggest potential positive developments. Another CryptoQuant analyst, caueconomy, highlighted retail investor behavior as a key factor to watch. While retail demand for Bitcoin has been muted over the past month—declining by just 2% compared to a steeper 20% drop in January—there are signs that this normalization period is ending. Historically, increases in retail activity have coincided with improved market sentiment and short-term price rallies. If retail participation resumes, it could strengthen Bitcoin’s market structure and contribute to a broader recovery. Although Bitcoin’s current consolidation phase has tempered its recent performance, these underlying metrics provide some optimism for investors. Related Reading: Bitcoin OTC Balances Decline, Raising Market Supply Questions The data suggests that both long-term and retail participants remain engaged, setting the stage for potential growth once the market regains momentum. Featured image created with DALL-E, Chart from TradingView