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Bitcoin’s current cycle may not have topped yet, according to Cryptoquant’s 365-day PnL Index Signal, which continues to trend lower, a pattern the analytics firm associates with markets whose peak still lies ahead. What the Signal Says Onchain analytics firm Cryptoquant noted that its 365-day PnL Index Signal continues to trend lower, “suggesting the current … Read more
Cryptoquant founder and CEO Ki Young Ju told bitcoin holders that “some bullish Bitcoin opium is coming in the next few months,” urging investors to endure the bear market just a little while longer. A Statement of Hope The head of the onchain analytics firm delivered the message in his signature aphoristic style, writing on … Read more
Bitcoin’s realized profit and loss ratio has fallen to -0.35, a 43-month low last seen after FTX’s collapse, flashing what Cryptoquant calls a bottom signal just as Michael Saylor’s Strategy turns seller. A Loss Gauge at FTX-Era Depths Blockchain analytics platform Cryptoquant has spotted a signal that bitcoin bulls have been waiting months for. The … Read more
Lumida Wealth CEO Ram Ahluwalia says Strategy has flipped from bitcoin’s marginal buyer to its marginal seller, while Cryptoquant CEO Ki Young Ju turns Michael Saylor’s famous “sell a kidney” line against him after the firm’s $216 million sale. The Kidney Quote Comes Back Around For years, Michael Saylor’s maxim was the loudest “never sell” … Read more
Crypto’s largest exchange logged more than 166,000 ether withdrawal transactions in a single day, a three-year record, just as bitcoin miner Riot Platforms moved 500 BTC worth $30.72 million into NYDIG custody. A Record Day for Ether Withdrawals Binance processed more than 166,000 ether withdrawal transactions in a single day, the highest count in over … Read more
Ethereum is confronting a narrative problem, with a leading researcher conceding the network still lacks a clear value story after years below $5,000. A Candid Admission on ETH’s Purpose The concession surfaced on journalist Laura Shin’s Unchained podcast, where Ansgar Dietrichs, a former Ethereum Foundation researcher now with the newly launched research lab Ethlabs, discussed … Read more
XRP supply on Binance has expanded, with the XRP Binance Scarcity Index dropping to around 0.34, its lowest level in more than three months, pointing to a noticeable rise in available tokens on the exchange. XRP Availability on Binance Expands While Price Remains Under Pressure At 3:05 p.m. EDT on June 24, XRP is trading … Read more
Strategy should halt its bitcoin purchases and rebuild its cash reserves, research firm Cryptoquant warned, after the company’s dividend coverage collapsed from more than seven years to just 14 months and its preferred stock kept trading below face value. A Collapse in Dividend Coverage Strategy Inc. (Nasdaq: MSTR) should pause its bitcoin accumulation and prioritize … Read more
XRP withdrawal transactions on Binance overtook deposits for several days, while similar shifts were observed across other crypto exchanges, including Coinbase and Bybit. The shift occurred as XRP traded near recent lows, pointing to a change in exchange behavior amid price pressure. Binance XRP Withdrawals Lead Deposits for Seven Consecutive Days XRP has shown short-term … Read more
Cryptoquant CEO Ki Young Ju says the consensus among top bitcoin analysts has flipped bearish, leaving him among the few still expecting a rebound as BTC trades roughly $25,000 below where it began the year. A Sentiment Shift Among the Pros Founder of onchain analytics firm Cryptoquant, Ki Young Ju, told his followers this week … Read more