Bitcoin’s Next Big Move? CryptoQuant Says These Alerts Are To Watch

On-chain analytics firm CryptoQuant has revealed the five key Bitcoin on-chain alerts that could be to keep an eye on in the coming ￰0￱ Is Observing Developments On These Metrics In a new thread on X, CryptoQuant has discussed about some Bitcoin on-chain alerts that could be to watch amid the consolidation phase in the cryptocurrency’s ￰1￱ Reading: Cardano Whale Makes $54 Million Coinbase Outflow: Sign Of Dip Buying? The first indicator shared by the analytics firm is the 60-day change in the market cap of USDT, the number one ￰2￱ is visible in the above chart, the 60-day change in the USDT market cap has continued to sit at a notable positive level recently, implying the stablecoin has been witnessing ￰3￱ are one of the main inlets of capital into the cryptocurrency sector, so growth in them can generally be a positive sign.

Currently, the 60-day change in the USDT market cap has a value of $10 billion. “This is a clear sign of fresh liquidity entering the market,” notes ￰4￱ stablecoins-related indicator that can be relevant for Bitcoin is the Stablecoin Supply Ratio (SSR), which measures the ratio between the market cap of BTC and combined that of all stables. A low value in the indicator can prove to be a bullish sign, as it implies investor purchasing power in the form of stablecoins is high compared to the Bitcoin market ￰5￱ the below chart, it’s apparent that the Relative Strength Index (RSI) of the BTC SSR stands at a value of 21 right now, which is considered to be inside the “buy” ￰6￱ bullish sign that’s developing for Bitcoin is in the Accumulator Address Demand, an indicator that measures the demand that’s coming from addresses that have zero history of selling the ￰7￱ perennial HODLers now own 298,000 BTC, which is a new record.

A metric that’s still inside the bearish zone, however, is the Inter-Exchange Flow Pulse (IFP). This metric keeps track of the BTC flows happening between spot and derivatives ￰8￱ indicator has been following a downtrend during the past few months, which is considered to be a bear market pattern. “Watch closely: a shift upward often marks the start of bullish momentum,” says the analytics ￰9￱ final metric shared by CryptoQuant is the Realized Price of the short-term holders (STHs), which measures the average cost basis of the Bitcoin investors who got in during the last 155 ￰10￱ Reading: Bitcoin Sentiment Returns Back To Neutral As BTC Breaks $114,000 During BTC’s recent plunge, the STHs briefly dipped into losses, but the asset has since recovered above their Realized Price of $109,775.

Bullish trends have historically continued when the coin has traded above this ￰11￱ Price Bitcoin has climbed back to $114,200 following its recovery surge in the last couple of ￰12￱ image from Dall-E, CryptoQuant. com, chart from ￰13￱