CryptoQuant CEO calls for smart regulation,' community voices doubts

Jus push for smart regulation in Web3 aims to curb scams, build trust, and ensure responsible growth, sparking community debate.

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Ethereum Taker Buy/Sell Ratio Is Rising Again What It Means For ETH Price

The Ethereum price recovery has been quite impressive in recent weeks, and an analyst has suggested that this might only be the beginning of a good run for the altcoin. Is The Ethereum Market Preparing For A Rally? A pseudonymous analyst has shared via a CryptoQuant Quicktake post an interesting on-chain insight into the price action of Ethereum. The relevant indicator here is the taker buy/sell ratio, which measures the taker buy and taker sell volumes for a particular cryptocurrency. When the value of this ratio is higher than 1, it implies that the taker buy volume is greater than the taker sell volume. This is often taken as a bullish signal, which indicates that investors are willing to pay a higher price for a particular asset. Related Reading: Heres Who Has Been Driving The Bitcoin Price Recovery Above $65,000 On the flip side, a taker buy/sell ratio that is less than 1 suggests the buy volume for a cryptocurrency is greater than the sell volume. This typically signals a bearish sentiment amongst investors, as there are more sellers ready to sell their assets at a lower price. As shown in the highlighted chart, the 30-day simple moving average (SMA) of the Ethereum taker buy/sell ratio has consistently remained below the 1 threshold over the past few months. This indicates that ETH sellers have been overwhelming buyers, resulting in an increased token supply in the open market. However, the 30-day SMA of this metric has been on a resurgence since the price of Ethereum found its support just above the $2,100 level. The Ethereum taker buy/sell ratio recently reached a new high since mid-June, indicating that the bearish pressure might be waning. The CryptoQuant analyst noted that if the taker buy/sell ratio continues on its upward trajectory, it could mean that the Ethereum bulls are taking over the market. Ultimately, this level of aggressive buying activity could set the stage for a price rally for the altcoin. ETH Price Overview As of this writing, the Ether token is valued at $2,677, reflecting a 0.8% decline in the past 24 hours. Despite experiencing a slight correction in the past day, the altcoin’s price is still up by more than 3% on the weekly timeframe. Related Reading: Maker Price Heats Up, Soars 12% In A Week Is $1,850 The Next Stop? Thanks to the price rally over the past week, more Ethereum investors seem to be returning to profit. According to data from IntoTheBlock, the percentage of ETH addresses in the money went from 59% to 69%, with more than 80% of the ETH supply now in profit. Featured image created by Dall.E, chart from TradingView

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Analyst Backs Bitcoin Hitting $290,000 In Bull Run Heres Why

In what has been an unusual September, Bitcoin (BTC) has now recorded another positive weekly performance.  According to data from CoinMarketCap, the maiden cryptocurrency surged by 5.07% in the last seven days, moving its cumulative gain in this month to 11.30%. Interestingly, with Bitcoin halving since gone, analysts remain highly expectant of the traditional market bull run by the largest digital asset. Related Reading: Heres Who Has Been Driving The Bitcoin Price Recovery Above $65,000 BTC In Consolidation As It Gathers Momentum For Breakout In an X post on Friday, popular analyst Crypto Rover predicted BTC will hit a $290,000 price mark in the upcoming bull run. Interestingly, this price projection tallies with previous statements from analysts who put a six-figure price target for BTC following the introduction of the Bitcoin spot ETFs which represents an increased institutional demand for the crypto market leader. Notably, BTC has been moving between $55,000 – $70,000 over the last seven months which represents a state of consolidation.  According to Crypto Rover,  following a breakout from this current sideways movement, Bitcoin is likely to enter the banana zone i.e. the phase of outrageous price growth, as seen in previous bull cycles.     The crypto analyst predicts that during this period which traditionally lasts for 12-18 months, BTC could trade as high as $290,000 representing a 339.39% gain on the assets current price. For many crypto enthusiasts, it is likely that the much-anticipated breakout will occur in the fast-approaching weeks as Bitcoin has now formed an inverse head and shoulders pattern as highlighted by Crypto Rover in another post. To explain, the inverse head and shoulders pattern is a common bullish indicator of potential reversals of a downtrend. If the price breaks above the neckline with significant volume, it indicates a shift to bullish control. These sentiments on a price breakout are further strengthened by the upcoming Q4 which has proven to be the most bullish period for Bitcoin with an average gain of 88% over the last 11 years.   Related Reading: MicroStrategys Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317% Bitcoin Exchange Stablecoins Ratio Shows Bullish Signal In more positive news for the Bitcoin community, the Bitcoin Exchange Stablecoin Ratio is currently indicating a buy signal. According to CryptoQuant analyst with username EgyHash, this metric which measures BTC reserves (in USD) to the combined stablecoin reserves on exchange is currently at the low levels seen at the start of 2024. EgyHash explains that a low ratio indicates traders have an increased buying power due to high stablecoin holdings which could translate into investments in Bitcoin, thus resulting in a price gain. Therefore, the current low Bitcoin Exchange Ratio adds to the list of bullish signals for Bitcoin investors. At the time of writing, the premier cryptocurrency continues to trade at $66,064 with a 1.14% gain in the last day. Meanwhile, Bitcoins daily trading volume is down by 12.92% and valued at $32.01 billion.  Featured image from Cwallet, chart from Tradingview

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Crypto hacks surge to $2.1B in 2024, CeFi hit hardest Cyvers

Threats like AI-driven attacks and quantum computing vulnerabilities need to be addressed with real-time monitoring and solid regulation.

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Ethereums Futures Market Points To Potential BreakoutHeres What You Need To Know

Ethereum, the second-largest cryptocurrency by market capitalization, is signaling a potential price recovery based on recent data from its perpetual futures market. According to a CryptoQuant analyst named Shayan, Ethereums futures market has noticed a notable shift that could indicate an upcoming price surge. The key to this analysis lies in the 30-day moving average [...]

The post Ethereums Futures Market Points To Potential BreakoutHeres What You Need To Know appeared first on Crypto Breaking News.

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Here Is Why The Bitcoin Bull Run Hasnt Started, According To Analyst

The Bitcoin community have been eagerly awaiting the start of a new bull market especially following the recent halving that occurred in April, however, according to a latest analysis from a CryptoQuant analyst under the pseudonym Onchained, that moment has not yet arrived and there is a reason. In the post uploaded on the CryptoQuant QuickTake platform, Onchained’s analysis focused on the Long-Term Holder (LTH) Mourad Ratio, a proprietary indicator that tracks UTXOs (unspent transaction outputs) held for more than six months. This ratio basically helps gauge market sentiment and accumulation trends among long-term Bitcoin holders, offering valuable insights into when BTC may enter its next bull phase. Related Reading: Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution? Stability In The Long-Term Holder Mourad Ratio One of the key indicators highlighted in the analysis is the stability of the Long-Term Holder Mourad Ratio. Historically, when this ratio remains stable, it suggests that the market is not yet ready for a significant upward movement. Onchained explained that a bull market typically begins only when the ratio starts to deviate negatively from these stable levels. Currently, data shows that the LTH Mourad Ratio is steady, signaling that Bitcoins bull run is yet to begin. This stableness in the ratio as revealed by the analyst,  indicates that long-term holders are not yet driving substantial price movement in the market, and investors may need to exercise patience until more favourable conditions arise. For further context, the Mourad Ratio is calculated by dividing the Long-Term Holder Mourad Current Transaction Value (LTH MCTV) by the current Bitcoin price. This calculation provides insight into the average value of UTXOs aged over six months, giving a clearer picture of recent accumulation trends among longer-term BTC holders. Technicals Suggests Bitcoin Bull Run Is Not So Far While Onchained analysis has confirmed that Bitcoin bull run is yet to start, other analysts has turned to historical price chart to gauge when the bull run for BTC could begin from a technical perspective. Popular Bitcoin insight platform known as Bitcoin archive on X has recently highlighted that BTC is on the verge of making a “bullish cross-over on the 5-day chart for the first time in 230 days.” Related Reading: Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up According to Bitcoin Archive, the last two times this happened, BTC went up by 79% and 74%, therefore, should this repeat itself again, Bitcoin could surge past $100,000. Bitcoin MACD about to make a bullish cross-over on the 5-day chart for the first time in 230 days. Last 2x Bitcoin went up 79% and 74%. #Bitcoin will surge OVER $100K if this repeated. pic.twitter.com/USTaCzHD44 Bitcoin Archive (@BTC_Archive) September 25, 2024 Featured image created with DALL-E, Chart from TradingView

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Bitcoin Held For Years Are Now On The Move, Is This A Signal For Caution?

Recently, a significant movement of older Bitcoin holdings has been observed on the network, sparking discussions about potential selling pressure in the market. This activity, as shown in data by the on-chain analytics platform CryptoQuant, has led to analysts advising “extreme caution” in the face of this development. Related Reading: Uptober Is Just Around The Corner: Heres Where Bitcoin Price Is Headed Old Bitcoin On The Move: A Signal for Caution? A CryptoQuant analyst under the pseudonym XBTManager noted that Bitcoins upward trend has been accompanied by increased activity on the network, particularly from wallets that have held Bitcoin for extended periods. The question now is whether this movement will lead to a broader market reaction. Old Bitcoins are on the move Overall, we are seeing a significant increase in the movement of coins from various age bands during this latest leg of the rise, with continuous transfers happening on the #Bitcoin network. By @XBTManager Full post https://t.co/LR0bvdvAOY pic.twitter.com/sUe6yqp4Xj CryptoQuant.com (@cryptoquant_com) September 24, 2024 XBTManager detailed these movements, noting several significant transfers of old Bitcoin in recent days. For example, on September 18, over 21,000 Bitcoin were moved from wallets that had held the cryptocurrency for periods ranging from one week to three years. Similar patterns were observed on the following days, with over 29,000 BTC, held for six to twelve months, being moved on September 23 alone. The analyst emphasized the importance of monitoring where these BTCs are headedwhether they are being transferred to exchanges, which could suggest an impending sell-off. The increased movement of old Bitcoin raises concerns about potential selling pressure in the market. As XBTManager pointed out, the large-scale transfer of Bitcoin from wallets that have held onto the asset for months or even years could slow down Bitcoins current upward momentum. “As more transfers occur on the network, Bitcoin’s upward momentum begins to slow down. Extreme caution is advised,” the analyst noted. Related Reading: Analyst Who Predicted The Bitcoin Rally Reveals Time To Sell Potential Selling Pressure on The Horizon? Another CryptoQuant analyst, BaroVirtual, has echoed the sentiment of caution. BaroVirtual highlighted a recent decline in institutional short positions, which may not necessarily be a positive signal for the market. According to the analyst, while the reduction of short positions might offer some short-term relief, the analyst expressed concern over the long-term implications, noting: I don’t quite agree that this is a positive signal if institutional investors are no longer aggressively shorting Bitcoin. Perhaps this is good for the short term so the market can take a breath. However, the build-up of short positions is needed in the long term to fuel Bitcoin’s growth. Featured image created with DALL-E, Chart from TradingView

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Biggest fears about Bitcoins future: Industry weighs in

Reddits Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin's future.

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Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up

The Bitcoin futures market is seeing a rise in leverage, which may signal an impending short squeeze that could lead to a bullish rally, according to a recent report by a CryptoQuant analyst, known as Percival. Percival insights shared earlier today on the QuickTake platform detailed the current state of Bitcoin leverage and the potential impact it could have on Bitcoin’s price trajectory. Related Reading: Bitcoin Demand Surge: Binance Buyers Take Charge As Coinbase Premium Falls Bitcoin Open Interest And Leverage Surge Amid Volatility According to Percival, the futures market consists of two major groups: institutional traders on the Chicago Mercantile Exchange (CME) and retail or native cryptocurrency traders. Institutional traders typically hedge their positions and are less prone to liquidations, while retail traders often face higher liquidation risks, particularly during periods of increased market volatility. These dynamics are particularly relevant now, as leverage in the futures market has surged over the past two weeks. Percival noted that open Interest in Bitcoin futures has now grown by $6 billion, reaching a total of $28.3 billion, just shy of the all-time high of $31 billion recorded in July. This increase in leverage is tied to recent market movements, especially around the volatility caused by the recent US Federal Reserves interest rate decisions. Despite this uptick, institutional traders are seen to hold onto their positions confidently, anticipating further volatility but are less exposed to liquidation risks than retail traders. In addition, funding rates for Bitcoin Future contracts indicate that investors holding long positions currently receive around $2 million daily. This suggests that demand for long positions remains strong, as investors are willing to pay to maintain these positions. However, Percival cautions that while this is not an “overly excessive amount”, sudden price corrections could quickly wipe out those over-leveraged traders attempting to capitalize on these market movements. Short Liquidations Hint At Possible Short Squeeze A notable observation in the report was the significant increase in short liquidations. Percival explained that short liquidations have risen by approximately $493 million, which could be a precursor to a “short squeeze.” A short squeeze occurs when short positions are forced to close due to rising prices, which can cause further upward pressure on the assets pricein this case, Bitcoin’s. Percival speculated that this surge in short liquidations could rapidly recover Bitcoins price following any “sharp corrections.” Related Reading: Bitcoin Approaches $65,000: Is Now The Perfect Time To Buy? The liquidation of short positions would give the market the momentum needed for Bitcoin to bounce back and potentially trigger a more significant rally. While volatility is expected in the short term, the overall outlook appears to lean towards a bullish trend if this short squeeze scenario continues. Featured image created with DALL-E, Chart from TradingView

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Bitcoin Demand Surge: Binance Buyers Take Charge As Coinbase Premium Falls

A recent analysis from a CryptoQuant analyst, known by the pseudonym Avocado Onchain,  has highlighted a notable development in the Bitcoin market. According to the analysts observations, the Coinbase Premium, which tracks the price difference between Bitcoin on Coinbase and Binance, has turned negative. This indicates that the price of Bitcoin is lower on Coinbase [...]

The post Bitcoin Demand Surge: Binance Buyers Take Charge As Coinbase Premium Falls appeared first on Crypto Breaking News.

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Bitcoin Approaches $65,000: Is Now The Perfect Time To Buy?

As Bitcoin price valuation inches closer to the $65,000 mark, the asset has grabbed the attention of market analysts, with one recently highlighting a key indicator that now suggests a potential further recovery in BTC’s price. Particularly, according to a recent post on the CryptoQuant Quicktake platform by an analyst under the pseudonym Darkfost, the [...]

The post Bitcoin Approaches $65,000: Is Now The Perfect Time To Buy? appeared first on Crypto Breaking News.

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On-Chain Data Suggests Bitcoin Price Trend Reversal Is Yet To Occur Whats Happening?

The price of Bitcoin (BTC) ended the week on a good note after making a late rally on Friday, September 13. This recent price upswing has led to talks about the Bitcoin price making a comeback following a horrendous start to September. Interestingly, the latest on-chain data suggests that the ongoing price recovery might not [...]

The post On-Chain Data Suggests Bitcoin Price Trend Reversal Is Yet To Occur Whats Happening? appeared first on Crypto Breaking News.

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112,000 ETH Moved To Crypto Exchanges In The Past Day Impact On Ethereum Price?

The Ethereum price has been one of the major talking points in the crypto space lately, having been under significant bearish pressure in recent weeks. However, the second-largest cryptocurrency seems to be on a recovery path following its first positive weekly performance in more than a month. Recent on-chain data shows that significant amounts of ETH tokens have made their way to centralized exchanges in the past day. The question now is could this hamper the recent progress shown by the Ethereum price? Heres How Rising Exchange Inflow Affects Ethereum Price Prominent crypto pundit Ali Martinez took to the X platform to reveal that Ethereum investors have been moving their assets to centralized exchanges in the past 24 hours. This on-chain observation is based on the CryptoQuant exchange reserve metric, which monitors the total amount of a particular cryptocurrency on all exchanges. Related Reading: Is Bitcoin Heading For A Bear Market? Analysts Weigh In On The Price Struggles Typically, the value of this metric increases when investors make more deposits than withdrawals of a token (Ether, in this case) into a centralized exchange. On the flip side, when the exchange reserve metric falls, it implies that the holders are moving their assets out of crypto exchanges. When investors move their assets from self-custodial wallets to centralized exchanges, it is often because they intend to use the platforms services, which include selling. As a result, an increase in the exchange reserve metric is often associated with increasing selling pressure.  According to data from CryptoQuant, more than 112,000 ETH (worth around $257.6 million) were transferred to cryptocurrency exchanges in the last 24 hours. The movement of these significant Ether amounts could trigger downward pressure on the Ethereum price. Considering its delicate position at the moment, bearish circumstances, such as rising exchange inflows, could hinder the Ethereum prices newly found momentum. Nonetheless, it is worth noting there has not been such an effect on ETHs price in the past day. On the contrary, the altcoin is up by more than 3% while looking to breach the $2,500 level. Are Investors Fleeing The Market? The latest on-chain data shows that investors might be flooding out of the Bitcoin and Ethereum markets. According to Ali Martinez, over $2.6 billion has flowed out of the two largest cryptocurrencies in the last seven days. Related Reading: Cardano (ADA) Whales Securing Gains After 10% Upswing: Whats Next? This revelation is based on Glassnodes aggregate market realized value net position change metric. And it somewhat supports the earlier notion that investors might be offloading their Ether tokens. Moreover, this outflow of capital could spell more trouble for the crypto market, specifically the Bitcoin and Ethereum prices. Featured image created with Dall-E, chart from TradingView

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Bitcoins Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away?

According to market signals that have historically preceded major price rallies, Bitcoin is gearing up for its next potential bull run. A CryptoQuant analyst named ‘Tarek’ has recently highlighted key indicators in a post on the CryptoQuant QuickTake platform, suggesting that Bitcoins price might soon experience a significant upward movement. These indicators include declining Bitcoin reserves on [...]

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Bitcoin In Neutral Zone: What This Means, According To Analyst

Bitcoin, the crypto market leader and largest digital asset, currently trades at $58,877 following a rather negligent price movement in the last day. According to data from CoinMarketCap, the premier cryptocurrency saw more lows than highs in August, resulting in an 8.46% decline over the month. As September begins, a CryptoQuant analyst with the username [...]

The post Bitcoin In Neutral Zone: What This Means, According To Analyst appeared first on Crypto Breaking News.

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Bitcoin onchain indicator signals $58.5K price near favorable buy level

A CryptoQuant contributor has indicated that a slight decrease in the Bitcoin Puell Multiple index could present a favorable buying opportunity.

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Scientists illuminate a path to quantum AGI with new light-based chips

Recent breakthroughs in photonic computing could finally make human-level AI possible.

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NVIDIA Releases CUDA-Q v0.8, Enhancing Quantum Programming

NVIDIA's CUDA-Q v0.8 update simplifies quantum programming with enhanced state handling, Pauli words, custom unitary operations, and more. (Read More)

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UK-based tech startup could become Nvidia of quantum

Riverlanes error-correction chips could do for quantum computing what Nvidias GPUs did for artificial intelligence.

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Bitcoins Red Alert: 2020 Deja Vu?

A key metric in Bitcoin is flashing signs of an impending market correction. CryptoQuant’s latest insights shed light on BTC’s UTXO loss ratio, which shows the percentage of coins held at a loss. It has hit levels last seen in the market downturn of the 2020 bull cycle. This has sparked concerns as history suggests […]

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