CryptoQuant

How Much Upside Potential Remains? “From the last two cycles, we can see that the bullish trend lasted approximately 300-600 days. If we observe a similar pattern in the current cycle, we can expect the upward momentum to continue for at least another three months.” – Link By Yonsei_dent | @cryptoquant_official

Is Bitcoin Heading for a New Peak? Key Insights You Need to Know! “This means we are still somewhat far from the peak, and the price will achieve a new high in this cycle, which could be above $100k.” – Link By Tarekonchain | @cryptoquant_official

Mt. Gox coin distribution could bring buying opportunity “While novice investors believe this could bring the market down, it will be important to look for price levels for optimized new purchases.” – Link By caueconomy | @cryptoquant_official

Mt. Gox Coins on the Move On May 27th, Mt. Gox moved a staggering 138K Bitcoin (approx. $9.4 billion). These coins, held since May 2018, were transacted in seven segments, ranging from 4K to 32K Bitcoin each. Initially transferred to a single address, the funds were subsequently redistributed to three different addresses, each securing 47.4K Bitcoin. Despite this significant activity, all addresses remain under the firm control of Mt. Gox’s Rehabilitation Trustee, with no creditor repayments made to date. This strategic consolidation hints that the Trustee is gearing up for planned repayments, following the Rehabilitation Plan. Market Impact Analysis • No Immediate Impact: Transfers remain within Trustee control, showing no immediate market influence. • Uncertain Repayment Timeline: Creditors’ repayment is scheduled by October 31, 2024, though the precise start date remains undecided. • Potential Market Movements: Future repayments hold the potential to influence Bitcoin’s market dynamics, dependent on the timing and amount released. For a deeper dive, check our latest crypto weekly report! @cryptoquant_official

Will Bitcoin Spot ETF Leadership Change Hands This Week? “On the first trading day of the week, IBIT saw $102.5 million in net inflows, while GBTC saw $105.2 million in outflows.” – Link By burakkesmeci | @cryptoquant_official

During bullish phases, it's common to observe LTHs offloading portions of their Bitcoin holdings as prices rise “The 1-year+ and 2-year+ cohorts have ceased selling, transitioning from a distribution phase to a holding phase.” – Link By onchained | @cryptoquant_official

NOTCOIN has experienced a 34% increase in the last 24 hours and a 78% rise over the past week. After its listing on Binance on May 16, NOTCOIN saw a surge in transaction volumes and active addresses, though prices and trading volumes soon declined, indicating initial excitement tapering off. Despite this, substantial accumulation by large holders suggests sustained confidence. A significant 69.59% of NOTCOIN's airdrops were distributed through on-chain withdrawals, with 22.87% allocated to community incentives, demonstrating a strategy aimed at broad engagement. Community incentives saw a major portion distributed through Binance (41.96%), enhancing user engagement across multiple platforms including OKX and Bybit. This pattern of initial market overreaction followed by a correction, coupled with strategic holder accumulation and diversified incentive distribution, positions NOTCOIN for potential future recovery. – Link CryptoQuant Degen | @cryptoquant_official

Ethereum is surpassing, is altcoin season approaching? “If Ethereum’s price continues to consolidate in the current range, it’s very possible that the altcoin season will start sooner than expected.” – Link By abramchart | @cryptoquant_official

The Bitcoin bull market is still not over “In past bull markets, MVRV peaked at 4.83 and 3.97, and currently has only reached 2.78. It has still not entered the overvalued zone and further rises can be expected.” – Link By Crypto Dan | @cryptoquant_official

Surge in High-Value Transactions on TON Network “Transactions exceeding $1M USD dominate the on-chain volume of TON.” – Link By joaowedson | @cryptoquant_official