CryptoQuant

Since their 2025 peak, the top five cryptocurrencies have lost a combined $659B in market cap. ETH and SOL are down over 40%, while XRP saw a post-election surge in market cap, but price action has since flattened as network activity slowed. In contrast, BTC and BNB have shown relative strength, each holding around a 20% drawdown from all-time highs. These divergences reflect shifting market sentiment and varying levels of resilience across the majors. Full breakdown and real-time data now live on the dashboard. Explore the data ?? https://lnkd.in/drCCa4_M #Crypto #Bitcoin #Ethereum #Solana #XRP #BNB #SOL #CryptoQuant

Bitcoin’s Bull Score Index at a Two-Year Low—What’s Next for BTC? CryptoQuant’s Bitcoin Bull Score Index has dropped to 20, its lowest reading since January 2023. Historically, strong rallies have followed scores above 60, while readings under 40 have often coincided with bear markets. With Bitcoin down 23% from its peak, this low score raises important questions about the market’s next move. Our latest Weekly Crypto Report breaks down these trends and examines key market indicators to shed light on what might come next for Bitcoin. Read the full analysis here ?? https://lnkd.in/d8e9drs3 #cryptoquant #btc #bitcoin #bearmarket

The highest Bitcoin outflow from exchanges (90-day moving average) since January 2023: The 90-day moving average of Bitcoin’s exchange NetFlow chart shows the highest Bitcoin outflow from exchanges since January 2023. This was when Bitcoin reached its lowest price in this cycle. This could indicate a re-accumulation of Bitcoin. #btc #bitcoin CryptoQuant

Assessing Bitcoin’s Market Strength with CryptoQuant's Bull Score Index. Is Bitcoin still in a bull market or experiencing the start of a bear market? At CryptoQuant, we developed the Bitcoin Bull Score Index to answer this question by systematically evaluating on-chain data. The Bull Score Index measures the percentage of 10 key on-chain metrics signaling bullish conditions, ranging from 0 to 100. Historically, Bitcoin has only sustained strong price rallies when the index is above 60. Conversely, prolonged readings below 40 have aligned with bear markets. With the index currently at 20—its lowest level since January 2023—market conditions are weak, raising concerns that the recent 23% drawdown may be more than just a correction. Monitoring this index provides a data-driven approach to assessing Bitcoin’s investment environment. Review the Index in our recent report: https://lnkd.in/ezFqEjHa

?? Bitcoin’s Realized Cap & UTXO Value Bands: Who’s Driving the Market? Bitcoin's Realized Capitalization is a metric that represents the value of each Bitcoin at the price when it was last moved or transferred. Unlike the traditional market capitalization, which is calculated by multiplying the current price by the total circulating supply, realized cap uses the value at the time of the last transaction for each Bitcoin. This metric provides insights into the price at which Bitcoin was last moved, reflecting a more accurate “real-world” valuation, considering the activity and movement of Bitcoin. Ever wondered how capital moves within Bitcoin’s network? Instead of just watching price action, we can analyze Realized Cap by UTXO Value Bands (in USD) to see how different investor groups are accumulating or distributing Bitcoin. ?? What Are UTXO Value Bands (USD)? Each Bitcoin transaction has a value in USD at the time of transfer. By segmenting transactions into value bands (e.g., $1-$100, $1K-$10K, $1M+), we can track which investor classes are active. ?? Key Insights From the Chart: Whale & Institutional Dominance: Currently, UTXOs in the + $1M value band represent a total of $675 billion allocated into Bitcoin, making up 78% of the network’s realized capitalization. This indicates that a significant portion of Bitcoin’s realized value is concentrated in high-value UTXOs, reflecting the substantial influence of large holders on the market’s realized cap. Data: CryptoQuant

Bitcoin is at a crossroads—deep value levels or the start of a bear market? Valuation metrics are flashing bearish signals. The CryptoQuant Bull-Bear Cycle Indicator is at its lowest point this cycle, and the MVRV Ratio Z-score has dipped below its 365-day moving average. Historically, this signals either a sharp correction or a prolonged downturn. Demand is also in decline. Whales are slowing accumulation, Bitcoin ETFs in the US have turned net sellers, and apparent demand growth saw its sharpest contraction since July 2024. A 22% drawdown isn’t unusual in a bull market, but valuation metrics suggest this correction runs deeper than before. If Bitcoin fails to hold the $75K–$78K range, the next key level is $63K—its last line of on-chain support. Where does Bitcoin go from here? Get the full breakdown in our latest research report ?? https://lnkd.in/dhkZs6Kd #btc #bitcoin #cryptoquant

Since Trump's Strategic Crypto Reserve message, traders: 1. Had to cover their short positions. 2. Are now opening new long positions, ahead of tomorrow's White House Crypto Summit. This is a cool and easy way to analyze trader's behavior using open interest data and price changes. Live chart: https://t.co/eJ0Miue2H7

Trump-n-Dump: Traders Sell the Rally After Trump’s Crypto Reserve Announcement President Trump announced a Crypto Strategic Reserve, sending Bitcoin up 10%, ETH 13%, and XRP 34%. The reserve would include BTC, ETH, XRP, SOL, and ADA. The rally was short-lived as traders rushed to sell. Bitcoin inflows into exchanges surged from 500–1,000 to 6,739 BTC. Ethereum inflows spiked to 300,000 in an hour. XRP whale transactions pushed 2 billion XRP into exchanges. Spot demand remains in contraction territory, making sustained rallies difficult. Get the full breakdown in our weekly report ?? https://lnkd.in/dPFX5tzc #btc #bitcoin #eth #ada #sol #xrp

28% Underwater: Will Bitcoin’s Comeback Turn Pain into Profit? Since Bitcoin broke below the 91K level, Short-Term Holders (STHs) have been sitting on unrealized losses. When the price dipped to 78K yesterday, STHs were collectively facing an average loss of -15%. Notably, STHs currently hold 28% of the total Bitcoin supply, meaning that 28% of the circulating supply has been underwater since Bitcoin fell below their realized price. This development is significant for market dynamics, as it highlights considerable unrealized losses within a substantial segment of the market. However, Bitcoin’s bounce back to the 84-85K range today has alleviated some of this pressure, reducing STHs’ average unrealized losses to -8%. If Bitcoin continues its upward momentum and reclaims the STHs’ realized price level, it could potentially ease further selling pressure. This scenario seems plausible, given that STHs have recently shown a decline in aggressive selling behavior. Data: CryptoQuant

Bybit is bouncing back after one of the largest crypto heists in history. Following the theft of 401K ETH ($1.4B) in last week’s hack, the exchange swiftly replenished its ETH reserves to 372K, securing liquidity from brokers, Binance, and Bitget. Despite this recovery, Bitcoin and USDT reserves have dropped significantly, with BTC holdings down 32% and USDT reserves cut nearly in half. Meanwhile, ETH inflows spiked as large entities moved funds into Bybit post-hack. What does this mean for Bybit’s future stability? Dive into our full research report for deeper insights. https://lnkd.in/dVRKhTWg