Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says
A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked about how the selling pressure concerns from miners have resolved recently. There are two on-chain indicators of focus here. Related Reading: Shiba Inu ‘Underbought,’ While Bitcoin ‘Overbought’ Recently: Santiment The first of these is the “Miner to Exchange Transactions,” which, as its name suggests, keeps track of the total number of....
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Bitcoin has plunged towards the $26,000 level as on-chain data shows the Bitcoin mines have been participating in a selloff. Bitcoin Miner To Exchange Flow Has Spiked During The Past Day As pointed out by an analyst in a CryptoQuant post, the miners have been showing signs of selling recently. The relevant indicator here is the “miner to exchange flow,” which keeps track of the total amount of Bitcoin that miners are depositing to exchanges. Generally, these chain validators only make such transactions when they intend to sell, so the indicator’s value observing a spike....
After earlier spells of consolidation, the tide turned on cryptocurrencies this afternoon, with markets finding themselves in a red wave. Quant managed to evade the wave, climbing by as much as 20% during the session.
Biggest gainers
Following yesterday’s strong gains, the global cryptocurrency marketplace was trading over 6% lower on Wednesday, however, there were some notable exceptions.
Quant was one of these exceptions and was easily one of the biggest movers in the crypto top 100 during today’s session.
QNT/USD hit an intraday high of....
As Quant (QNT) continues its impressive price rally, surging by 28% in the last seven days, many investors are looking for the next big opportunity in the cryptocurrency space. One token that has caught the attention of Quant (QNT) holders is Mpeppe (MPEPE), a meme coin with enormous potential for 150x returns. With Mpeppe (MPEPE) nearing the end of its fourth presale stage, a growing number of Quant (QNT) investors are participating in the presale, driving the token closer to its goal. Quant (QNT)’s Rally: What’s Behind the Surge? Quant (QNT), the native token of the Quant (QNT) network,....
On-chain data shows a PEPE whale has withdrawn a large amount of the memecoin from Binance today, a sign that could be bullish for its price. PEPE Whale Has Made A Large Outflow From Binance In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, a massive Pepe transaction has been spotted on the blockchain during the last 24 hours. Related Reading: Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says The transfer involved the movement of 1,286,733,285,955 tokens on the network, worth more than $14.7 million when the transaction went....
Quant moved close to a six-month high on Saturday, as the token remained in the green for a second consecutive session. The rally comes as prices are now up by over 25% in the last seven days. Dogecoin was also in the green, as prices moved higher for a third consecutive day. Quant (QNT) Quant (QNT) was one of the notable gainers to start the weekend, as prices moved closer to a six-month high. QNT/USD raced to an intraday high of $146.52 on Saturday, less than a day after trading at a low of $138.40. Today’s high was marginally below Friday’s peak of $147.00, which is the....