CryptoQuant’s Post

Price = Supply + Demand As of market close last Friday, the bitcoin ETFs have added approximately 195,000 bitcoin since launch. During this time, there have only been about 55,000 bitcoin added to the supply. To put this in perspective, the ETFs have added approximately $13.5B in demand for bitcoin while the supply of bitcoin has only grown about $3.8B. This $9.7B discrepancy is one of the many reasons for the recent bull run. Moving forward, I'll be watching: 1. Inflows/outflows from the spot ETFs 2. Realized vs unrealized profits 3. Longterm vs Shorterm holder behaviors Message me if you need help setting up your data library to monitor key on-chain events moving forward. #BTC #bitcoin #bitcoinetf #bitcoinhalving #bitcoinnews

Past Bull Market Cycles: Are Dips Normal? In the past two bull market cycles, we saw several times when the price of Bitcoin (as a proxy for the broader digital asset space) declined over 30%. For example, in 2020/2021, Bitcoin had declines of 30%, 31%, 26%, 55% and 25% before hitting all-time highs. So far, we have had very shallow dips, likely due to the strong and ongoing buying from BTC ETFs. The road to past all-time highs were paved with pullbacks. #Bitcoin #BTC #Crypto #Web3 #NinepointDAG

There are two scenarios that I see for Bitcoin in the short term. Scenario 1: Bitcoin needs to hold $69,000 and continue consolidating here for the next few hours. If we hold here, we could see the next move towards $72,000 and $75,000. Scenario 2: If we break $69,000 and start trading below this level, then my short targets will be around $64,000 to $65,000. As of now, I think Bitcoin is following scenario 1. Let's see how it behaves in the next few hours. #bitcoin

#bitcoin has broken below the rising wedge channel on the 4-hour time frame, currently trading below it. In January, Bitcoin reached $49,000 driven by the hype surrounding the #ETF, but then experienced a sharp decline to $38,000. Despite the volatility, #bitcoin managed to close the month at $42,500, indicating strong support around the $40,000 level. Historically, February has been a #bullish month for #Bitcoin, leading to expectations of further upward movements in the coming weeks.

This is a fascinating chart showing how #Bitcoin compares to the S&P500. 📈 While #BTC has larger breakdowns, it's consistently outperforming the index in bull markets. The more Bitcoin is established among institutions and investors, the lower its volatility should become. It will be an interesting time ahead for #Bitcoin holders. 😁

#BitcoinNews: Bitcoin has dipped below $65,000, currently trading at $64,886, causing a sense of urgency among traders. The last week has seen a 2.4% decrease, with a further 1% drop in the last 24 hours. Notably, ETH wallets are increasing, reflecting divergent investor confidence. While some analysts remain cautiously optimistic about a potential rebound, funding rates indicate a bullish outlook among traders. #CryptoNews #CryptospaceToday #Bitcoin

VanEck has published extensive research concluding that the price of #Bitcoin may hit USD 2.9 million(!) by 2050. This translates into a market cap of USD 61 trillion. Now, obviously, this is a very bold statement. But to put things in perspective: - It requires a Bitcoin price increase of 16.5% per year for 25 years - Assuming a return of 7% per year, by 2050, the market cap of equities will be USD 650 trillion - Assuming a return of 6% per year, by 2050, the market cap of #gold will be USD 77 trillion The key conclusion is that 25 years is a very long time, compounding is extremely powerful, and the odds of getting the price of Bitcoin (or any other asset class) over such a long horizon is near zero.

Bitcoin ETFs Bleed $287M, Largest Daily Outflow in Four Months ➡️ Read All : https://lnkd.in/eCFcqEUh The 11 U.S.-listed spot ETFs saw $287.8 million worth of outflows on Tuesday, according to Farside Investors. BTC traded lower as weak U.S. manufacturing data... [...] #CryptoOutflows #MarketSentiment #EconomicSlowdown #FidelityFBTC #GrayscaleGBTC #Crypto #Bitcoin #NBTC

Bitcoin (BTC) is currently trading above $68,000, continuing a strong upward trend. Institutional interest in Bitcoin has increased, particularly with significant inflows into Bitcoin ETFs, signaling strong investor demand.  Ethereum (ETH), meanwhile, is priced around $2,620. Although it has faced resistance, there are expectations of a potential breakout. #bitcoin #ethereum #priceupdate

🚀 Exciting times for Bitcoin as it breaks through the $70K mark and approaches the $72K! Analysts are setting ambitious six-figure price targets, with projections suggesting BTC could soar as high as $150K by 2025. 📈 The momentum is building—let's see if it can maintain this upward trajectory! #Bitcoin #CryptoInvesting #BullMarket Read more, https://lnkd.in/ey6AkuBM