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CryptoQuant.com Profile picture
@cryptoquant_com
Jan 6, 2023 • 8 tweets • 4 min read • Read on X
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#Gemini Exchange on-chain analysis in the context of Genesis-
@Gemini Liquidity Issues 🧵👇
From an on-chain perspective, Gemini has been experiencing declining exchange activity:

1- Cryptocurrency reserves (BTC, ETH, and stablecoins reserves are at multi-year lows),
2- BTC deposits from other exchanges into Gemini (a sign of users avoiding sending their money to Gemini)
3- Trading volume (BTC trading volume was down 52% YoY in December 2022 and is just a fraction of what it was in previous years).
Nonetheless, Gemini seems to have continued processing exchange user withdrawals without trouble.
To follow the above and other metrics related to Gemini Exchange, visit our Gemini Exchange Analysis Dashboard 👇

cryptoquant.com/dashboard/63b4…
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More from @cryptoquant_com

CryptoQuant.com Profile picture
Jun 10
Bitcoin network activity has dropped sharply. Our Network Activity Index hit 3.47k, one of the lowest levels in the past 1.5 years.

But data suggests this kind of silence often precedes the storm.

Here’s what the data says: 🧵 Image
2/ Retail Investor Demand Dropped >5%

This metric tracks on-chain transactions between $0 and $10K — a proxy for retail activity. The recent >5% drop underscores waning interest from small investors. Image
3/ Spot trading volume on CEXs is back to October 2020 levels

This is the lowest level in 4.5 years. Real Bitcoin isn't moving on-chain and through CEX.

There’s little activity on CEXs or the blockchain, even as ETF demand holds up. Another sign of weak organic interest in Bitcoin itself.Image
Read 7 tweets
CryptoQuant.com Profile picture
Jan 15
Our Global Crypto Survey reveals key trends reshaping the crypto landscape.

Let’s dive in 👇🧵 Image
The survey shows crypto users are young, experienced, and educated. 60% are aged 25-44, with over 62% having 3+ years in the industry.

Most invest under $10,000 annually, reflecting the dominance of retail investors. Image
Binance stands out as the global favorite exchange, with 53% using it as their primary platform, 51% making the highest profit with the exchange, and 48% holding most of their assets there. Image
Read 8 tweets
CryptoQuant.com Profile picture
Nov 19, 2024
Bitcoin Hits ATH: Is It Time to Sell or Hold?

MVRV > 3.7 has historically marked market tops.

Explore these 4 additional key metrics to better understand market timing and make more informed decisions.

Details below 👇 Image
Fear & Greed Index above 80

The Crypto Fear & Greed Index is a popular tool for gauging market sentiment, particularly greed.

Generally, when the index exceeds a value of 80, caution is advised.

While the market can continue to rise during times of high greed, this often signals that a top is near.Image
Insufficient New Money Flow

For prices to stay strong, new money must flow into the market, without enough inflow, price pressure increases.

Use Realized Cap Growth (365D) to monitor this trend effectively. Image
Read 6 tweets
CryptoQuant.com Profile picture
May 2, 2024
🧵 #Bitcoin valuation struggles below $60K post-Q1 2024, showing a demand drop.

Key factors: fewer permanent holders, dwindling whale activity, and lower spot ETF interest.

Let's dive into it ⬇️
Market sentiment towards Bitcoin is waning, evident from negative Coinbase premiums and lesser leverage in futures.

This decrease in enthusiasm suggests a cautious approach from traders. Image
A slowdown in $BTC demand from large investors (whales) is evident. The growth peaked at 12% monthly in late March, now down to 6%.

Such deceleration affects potential price rallies, which rely on robust whale demand. Image
Read 6 tweets
CryptoQuant.com Profile picture
Dec 11, 2023
What Data Changed Before The Price Correction?

1. SSR hits a 2-year high
2. Mara Pool's Distribution
3. 50%+ Circulating Bitcoin Supply in Profit
4. Long Term Holders' Resistance

The majority of the latest Quicktake posts flagged #Bitcoin price correction.

Thread🧵
Image
Image
1/ SSR hits a 2-year high

"In essence, a high SSR(Stablecoin Supply Ratio) means that Bitcoin is perceived as having greater value compared to stablecoins, showing that market participants are placing higher value on Bitcoin."

Quicktake Post by @Woo_Minkyu Image
2/ Mara Pool's Distribution

"The decision to distribute part of its positions after a recent peak suggests a strategic caution, possibly aiming to optimize gains and reduce risks."

Quicktake Post by @joao_wedson Image
Read 6 tweets
CryptoQuant.com Profile picture
Aug 10, 2023
1-3/ Can we verify @Tether_to being the 11th largest #Bitcoin holder with the on-chain data?

4-6/ What is the blind spot of on-chain data when monitoring #Whales' behavior?

Let's BUST this week's FUDs with our on-chain data.

Thread🧵
1/ #Tether

Tether revealed in its recently released quarterly report that it holds approximately $1.6 billion worth of #Bitcoin.

The amount of bitcoin held by Tether puts it roughly 11th in terms of holdings.
2/ #Tether

If you look at the "so-called Tether #Bitcoin holding wallet on Twitter," it doesn't match the description in Tether's quarterly report. 

While there were no bitcoin holdings in last year's Q4 report, the wallet did start accumulating bitcoin.
Image
Image
Read 8 tweets

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