Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,...
Earlier this week, the US Federal Reserve (Fed) cut interest rates by 25 basis points, providing the much-required impetus to the economy after a cycle of raising interest rates to keep inflation under check. A cut in interest rates is likely to benefit risk-on assets, including Bitcoin (BTC). Fed Cuts Interest Rate, Bitcoin Supply Ratio Falls According to a CryptoQuant Quicktake post by contributor Arab Chain, the latest data from Binance shows that the interest rate cut has rekindled investors’ interest in BTC. Notably, the exchange supply ratio has declined to 0.0291, hinting that....
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Ethereum has surged more than 25% since late March, pushing back toward levels that have defined the upper boundary of its recent recovery range and testing resistance that has capped every previous attempt higher. The move has been convincing enough to shift sentiment — but a CryptoQuant analyst has just flagged a divergence in the on-chain data that complicates the bullish reading and raises a question the price chart cannot answer on its own. Related Reading: XRP’s Leverage Has Been Flushed Out, But Price Is Still Holding: Find Out What Follows That Setup The analyst examines the....
On-chain data shows the Bitcoin exchange whale ratio has declined recently as the crypto surges above the $24k mark. Bitcoin Exchange Whale Ratio (EMA 7) Is Currently Below 0.50 As per a post from CryptoQuant, the BTC exchange whale ratio has gone down recently while the price has surged up. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top 10 Bitcoin transactions to exchanges and the total exchange inflows. exchange whale ratio = sum of top 10 inflow txs (in BTC) ÷ total exchange inflows (in BTC) Here, the ten largest transfers are....
A quant has explained how the data of the stablecoin supply ratio (SSR) may be used to find Bitcoin buy or sell signals. Stablecoin Supply Ratio May Be Able To Predict Bitcoin Buy And Sell Signals As explained by an analyst in a CryptoQuant post, the stablecoin supply ratio may help us find BTC buy or sell signals. The “stablecoin supply ratio” (or SSR in short) is an indicator that measures the ratio between the market cap of Bitcoin and that of all stablecoins. In simpler terms, what this metric tells us is how the supply of the stablecoins compare with that of BTC. Investors....
Quick Facts: 1️⃣ The Fed’s expected rate cut and low Stablecoin Supply ratio point to rising liquidity and renewed confidence across the crypto market. 2️⃣ A dovish speech by Powell could unlock fresh capital for risk assets, setting up a true ‘Uptober’ breakout. 3️⃣ Post-FTX demand for self-custody continues to grow, boosting interest in wallet-based […]
A quant has pointed out some similarities between the current and summer 2020 Bitcoin markets through on-chain data. Bitcoin Exchange Supply Shock Ratio Has Rapidly Risen Recently As explained by an analyst in a CryptoQuant post, there seem to be some similarities between the current market trend and that during the summer of 2020. The “exchange supply” is an indicator that measures the total amount of Bitcoin present on wallets of all exchanges. This supply is usually assumed to be the selling supply of the crypto as investors generally transfer their coins to exchanges for....