#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…
Follow us on Telegram and LinkedIn:

💡 Daily on-chain insights: t.me/cryptoquant_of…
🔔 Live Alerts: t.me/cryptoquant_al…

LinkedIn: linkedin.com/company/crypto…
I hope you've found this thread helpful.

Follow us @cryptoquant_com for more.

Like/Retweet the first tweet below if you can:

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with CryptoQuant.com

CryptoQuant.com Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @cryptoquant_com

Jan 5
1/4
What do on-chain metrics show us about whale behaviors starting in 2023?

Whales have practically stopped selling their coins since early December. This puts less downward pressure on the price.
2/4
However, we have yet to observe whales accumulating coins in any significant way.

The entire amount of whale ownership is still 10% below the peak it attained in June 2022.

For prices to rebound and surge, there has to be an increase in whale holdings.
3/4
Check out our Bitcoin Holding Behavior Dashboard if you want to keep track of metrics about whale activity and other valuation metrics:

cryptoquant.com/dashboard/638e…
Read 5 tweets
Jan 4
📑Weekly Fud Buster Dashboard
- Pi is open for trade in @HuobiGlobal
- Ongoing noises with @FTX_Official and @SBF_FTX
- @cameron 's open letter to @BarrySilbert
- @BlackRock loaned to @Core_Scientific

Here's the wrap-up of the latest Crypto Issues.🧵
cryptoquant.com/dashboard/63b2…
/1 @PiCoreTeam is now open for trade in the #Huobi.

What can be the reasons behind Huobi listing $Pi in their service?
- To increase Huobi's Stablecoins Reserve
- To generate more revenue from trading fees

What are the potential dangers?

Link👇
cryptoquant.com/dashboard/63b2… Image
/2 Altcoin dump risk by #FTX, and #Alameda research.

- Bahamas regulators have taken custody of $3.5B in FTX customer assets.
- Alameda Research made many transactions for converting altcoins into $ETH / $USDT.

Live Dashboard👇
cryptoquant.com/dashboard/63b2… Image
Read 5 tweets
Dec 23, 2022
2 questions about #Tether #USDT FUD?

1- What are the sources?
2. What do on-chain metrics tell us about it, particularly in 2022 during LUNA and FTX events?

Assessing the @Tether_to risk 👇
Recently, a Wall Street Journal article pointed out that more and more of Tether's assets are secured loans, which led to more criticism of the quality of Tether's assets.

wsj.com/articles/risin…
The WSJ's argument was that secured loans represented 9% of Tether's total assets, up from 4% at the end of 2021.

Secured loans are considered a more risky asset to hold as a reserve compared to US Treasury Bills, which Tether reported as 58% of its total assets (September 2022)
Read 13 tweets
Dec 22, 2022
Since the FTX/Alameda collapse, the funding rates have been coming back faster than after two major capitulation events, COVID and the China ban.

By following this metric, investors can monitor market sentiment. How? 👇
Funding rates make the perpetual futures contract price close to the index price.

Derivatives exchanges use funding rates (%) for perpetual contracts.
How to interpret negative and positive funding rates?

Rates over ‘0’ (Positive rates): Dominant Long Sentiment

Positive funding rates indicate that long-position traders are prevalent and are willing to pay funding to short traders.

It implies that many traders are bullish.
Read 8 tweets
Dec 22, 2022
Are we seeing a change in bitcoin's trend right now?

We could be very close based on one measure 👇

The Inter-exchange Flow Pulse Metric
The Inter-exchange Flow Pulse Metric is a summary of how traders and investors act.

Traders and investors are more likely to take risks and send coins to derivatives exchanges if it is going up.
In the past, bear markets have been linked to less money moving from spot exchanges to derivative exchanges.

Bull markets have always been linked to more money moving from spot exchanges to derivative exchanges.
Read 6 tweets
Dec 20, 2022
📑Weekly Fud Buster Dashboard
- Ongoing FUDs on @binance
- @realDonaldTrump 's "Trump Digital Trading Cards" #NFT
- Classic old FUDs on @Tether_to

Here's the wrap-up on FUDs from Twitter.🧵
cryptoquant.com/dashboard/63a0…
/1 An ongoing FUD on #Binance

There are still ongoing conspiracies on how Binance will be the next FTX. You don't have to trust any crypto influencers' reliable secret sources.

Verify with on-chain data.👇
/2 #Trump Digital Trading Cards #NFT

Donald Trump was against crypto and was unlikely to issue the self-branded NFTs. Regardless, he did it, and the "Trump Digital Trading Cards" NFT is rocking in OpenSea, #Polygon chain.

Link👇
cryptoquant.com/dashboard/63a0… Image
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(