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The chief executive of a leading crypto analytics firm is revealing that, before last week’s sell-off, insiders sent tens of thousands of Bitcoin (BTC) to crypto exchange Binance.
Quant analyst Ki Young Ju tells his 291,700 Twitter followers that crypto insiders, which he refers to as market makers, transferred around 84,000 BTC worth roughly $2.5 billion at the time from Gemini to Binance.

“The market makers, who use Gemini sent ~84,000 BTC to Binance from May 7th to May 10th, hitting an all-time high.”
Source: Ki Young Ju/Twitter
According to the quant analyst, the crypto insiders proceeded to relocate 65,000 BTC, worth $1.95 billion at the time, to various crypto exchanges with US-based trading platform Coinbase receiving the bulk of the transfer.
“The majority of selling pressure came from Coinbase since they had the largest BTC inflows from Binance. BTC/USD spot trading volume on Coinbase hit a year-high. Coinbase Premium hit the three-year low of -3%.”
 
Source: Ki Young Ju/Twitter
Ki Young Ju highlights that the tremendous selling pressure coming from the crypto insiders is being absorbed by US-based institutional investors.
“Market maker(s), including the ones hired by LFG [Luna Foundation Guard], already sent 84,000 BTC ($2.5 billion) to multiple exchanges last week. Not sure they finished selling, but it is highly likely for the accumulation from institutions since Coinbase digested the majority of selling pressure.”
The CryptoQuant CEO also says that institutional players are layering in buy orders in an effort to accumulate Bitcoin from $25,000 to $30,000.
“If you see the BTC/USD order book heatmap for Coinbase, it’s pretty thick bid walls since the latest bear market in May 2021. I think institutions tried to stack BTC from $30,000 but had to rebuild the bid walls at $25,000 due to the unexpected LFG selling.”
Source: Ki Young Ju/Twitter
Bitcoin is trading for $29,973 at time of writing, down 3% over the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/ART STOCK CREATIVE/Chuenmanuse
The post Crypto Insiders Have Sent $2,500,000,000 in Bitcoin to Binance, According to Quant Analyst – Are They Finished Selling? appeared first on The Daily Hodl.


The chief executive of a leading crypto analytics firm is revealing that, before last week&#8217;s sell-off, insiders sent tens of thousands of Bitcoin (BTC) to crypto exchange Binance. Quant analyst Ki Young Ju tells his 291,700 Twitter followers that crypto insiders, which he refers to as marke...

dailyhodl.com

Crypto Insiders Have Sent $2,500,000,000 in Bitcoin to Binance, According to Quant Analyst – Are They Finished Selling?

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 selling purposes.
The supply in cold wallets of investors, on the other hand, is likely being held for accumulation, and is unlikely to be sold.
The ratio between this investor wallet supply and the exchange reserve is called the “exchange supply shock ratio.”
When the value of this metric goes up, it means the supply on exchanges is dropping and investors are filling up their cold wallets.
Related Reading | Bitcoin Futures Basis Nears One-Year Lows, How Will This Affect BTC?
On the other hand, a downtrend suggests a push to sell from sellers as they deposit their Bitcoin to centralized exchanges.
Now, here is a chart that shows the trend in the BTC exchange supply shock ratio over the past couple of years:

The value of the indicator seems to have been on the rise recently | Source: CryptoQuant
In the above graph, the quant has marked the relevant trends of similarity between the Bitcoin markets of summer of 2020 and of right now.
It looks like during both the periods, the price was trending down or moving sideways, while the exchange supply shock ratio had been rapidly going up.
Related Reading | Institutional Investors Bearish On Bitcoin, Ethereum. Here’s What They’re Buying
Despite the struggling price at the moment, investors have showed demand for the crypto as they have been rapidly accumulating recently (similar to back then).
What followed a few months after the summer of 2020 was the start of a new Bitcoin bull run due to the resulting “supply shock.”
The BTC price is heavily tied to the stock market currently, and the analyst believes it’s possible that once it decouples, a similar shock could be there this time as well.
BTC Price
At the time of writing, Bitcoin’s price is trading around $39.8k, down 7% in the past week. Over the last month, the crypto has lost 15% in value.
The below chart shows the trend in the price of the coin over the past five days.

The price of the crypto looks to be steadily climbing back up after the plunge down a few days ago | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com


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...

newsbtc.com

Quant Explains Similarities Between Current And Summer 2020 Bitcoin Markets

[PRESS RELESAE – Dubai, UAE, 26th April, 2022,]
FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle inefficient fragmented liquidity in virtual asset markets, has announced it will integrate the LERC20 standard of Lossless to power its FLD token with hack mitigation capabilities of detecting fraud, freezing fraudulent transactions, and reversing stolen funds.
“Securing digital assets is a major challenge for the industry and an even greater barrier for institutional adoption of virtual assets. As the liquidity aggregator of the future, it is fundamental that FLUID provides access to a deep liquidity in a secure framework. Our partnership with Lossless, which is the first DeFi hack mitigation tool, adds an additional layer of security that conforms to the highest standards in place currently,” said Shah Sheikh, Chief Information Security Officer, FLUID.
The announcement comes amidst a growing number of cyber-attacks and crypto-hacks in the digital assets industry recently. FLUID’s partnership with Lossless will provide retail and institutional investors with a secure platform and enhanced opportunities in the DeFi market. The current total value locked (TVL) across the ecosystem is nearing $215 billion, according to DefiLlama.
FLUID is a game-changer for the virtual assets industry in liquidity aggregation and provides high throughput, ultra-low latency and costs, and zero counterparty risk through AI quant-based solutions. In addition, by integrating the LERC20 protocol, FLUID will enhance security across spot trading, derivatives, futures, synthetics, tokenized assets, and security token offerings.
“We’re excited to welcome FLUID to our security ecosystem of protected tokens. With hacks happening one after another in DeFi and the industry losing billions of dollars, we hope to provide our solutions to a much wider number of crypto projects. As a result, Crypto asset security, which used to be unavailable, is now an option to many,“ said Vygandas Masilionis, CEO of Lossless.
Dubai-based FLUID is working towards creating the liquidity aggregator of the future and aims to build on the most influential blockchain technologies. It recently announced integrating with Polygon as its primary DeFi chain, providing $FLD token-holders access to ultra-low latency and ultra-low transaction fees. The partnership with Lossless is expected to propel the demand for FLUID’s solutions as retail and institutional investors look at enhanced security for investments within the DeFi space.
For more details, please visit t.me/FLUID_liquidity.
About FLUID
FLUID is the ultra-low latency CeDeFi liquidity aggregator that uses AI quant-based models to tackle fragmented liquidity in virtual asset markets.
Many physical and digital assets will be tokenized in the future. FLUID intends to capitalize on the multi-trillion-dollar tokenized market volume potential across spot, futures, derivatives, synthetics, STOs, tokenized assets, and more.
FLUID is driven by a seasoned senior team with diversified experience in tier one financial institutions such as Bank of America Merrill Lynch, Goldman Sachs, BNY Mellon, Citibank, Visa, and founders of leading regulated digital asset OTC trading desks, quantitative firms, and popular blockchain companies.


[PRESS RELESAE &#8211; Dubai, UAE, 26th April, 2022,] FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle inefficient fragmented liquidity in virtual asset markets, has announced it will integrate the LERC20 standard of Lossless to power its FLD token with ...

cryptopotato.com

Fluid Partners With Lossless to Bring State-of-the-Art DeFi Security and Hack Mitigation Features

A quant has explained using on-chain data why the current Bitcoin bear market looks to be different from the previous ones.
Quant Suggests This Bitcoin Bear Market Is Unlike The Rest
As explained by an analyst in a CryptoQuant post, the exchange reserve continuing to trend down since the price all-time high isn’t typical of previous bear markets.
The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin stored in the wallets of all centralized exchanges.
When the value of this metric trends up, it means the supply on exchanges is increasing. Such a trend may be bearish for the price of the coin as investors usually deposit their crypto to exchanges for selling purposes.
On the other hand, the reserve’s value going down would suggest holders are withdrawing a net amount of coins right now.
Related Reading | Data: Much Of The Bitcoin Market Has Held Strong Since January 2022
This trend, when sustained, can imply accumulation may be going on in the market, and thus could prove to be constructive for the price of the coin.
Now, here is a chart that shows the trend in the Bitcoin exchange reserve over the history of the crypto:

Looks like the value of the indicator has been going down recently | Source: CryptoQuant
In the above graph, the quant has marked some previous price ATHs and the trends in the Bitcoin exchange reserve that followed them.
It seems like the value of the indicator rose up during the bear markets starting from 2014 and 2018 after the respective ATHs were formed.
Related Reading | EU And Sweden Discussed Banning Bitcoin Proof Of Work: FOI Documents
Following the May ATH, too, the indicator seemed to be observing some upwards movement as a mini-bear market appeared. This trend matched up with what was seen during previous bear markets.
But things changed quickly. A new rally began that took Bitcoin to a new ATH in November, following which the coin observed some major downtrend.
A bear market seems to have griped the market in the last few months, but unlike those previous bear market examples, the exchange reserve has actually been going down this time.
There could be several reasons behind this trend. One major factor may be that part of the supply has just shifted into new investment vehicles such as ETFs.
Whatever the reason may be, one thing’s clear. This bear market is looking to be quite different from the previous ones, at least in terms of the exchange reserve.
BTC Price
At the time of writing, Bitcoin’s price floats around $40.5k, up 1% in the past week.

BTC's price seems to have plunged down over the past day | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com


A quant has explained using on-chain data why the current Bitcoin bear market looks to be different from the previous ones. Quant Suggests This Bitcoin Bear Market Is Unlike The Rest As explained by an analyst in a CryptoQuant post, the exchange reserve continuing to trend down since the price al...

bitcoinist.com

Quant Explains Why This Bitcoin Bear Market Is Different From Others

The pseudonymous crypto analyst Plan B says that, barring a black swan event, all the indicators point to a bright future for Bitcoin (BTC) in the coming months.
In a YouTube interview with Blockware Intelligence, the quantitative analyst lays out the case for why he thinks numerous Bitcoin metrics look so positive.

“At the risk of being called a moonboy, all the signals, whether you look fundamentally, like stock-to-flow [S2F] for example or on-chain, realized cap or other metrics, or in the news, the macro news, the number of countries that are opening up to Bitcoin. Everything is positive.”
Plan B is known for applying the stock-to-flow (S2F) model, which is traditionally used in commodities markets and compares an asset’s supply to the rate at which it’s being produced, to Bitcoin. While Bitcoin has recently underperformed relative to Plan B’s S2F model, the analyst says big rallies are still in the cards for the flagship crypto.
The trader says that while the possibility of the unexpected remains that might derail BTC’s next rally, he’s keeping his eye on when Bitcoin futures premiums start to rise as an indication that the next rally has begun.
“Of course, there can be a black swan. Of course, something can happen that we haven’t seen in the past or that is a real black swan, but volatility is low, the futures premium is low.
I watch that like a hawk. If that will go up again – if the leverage will enter the market again.”
Plan B concludes his remarks by saying he believes right now is an ideal opportunity for Bitcoin investors to load up their bags.
“The dormant coins, the people in profit, the people in loss, I can’t imagine unless a black swan, any other scenario that this is one of the best buying opportunities that we have seen in the entire history of Bitcoin.
It’s compatible to the beginning of 2016, 2011, 2013, or 2012 even. The beginning of the bull run.
I know that sounds like moonboy stuff, but that’s how I look at it.”
Back in March, the trader presented a scenario where Bitcoin could skyrocket close to $300,000 sometime this year.
At time of writing, Bitcoin has bounced nicely after falling below the $40,000 level on Sunday, currently up a percent on the day and trading for $41,430.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/Digital Store
The post Quant Analyst Plan B Says Bitcoin Currently Presenting Best Opportunity for Bulls in Entire History of BTC appeared first on The Daily Hodl.


The pseudonymous crypto analyst Plan B says that, barring a black swan event, all the indicators point to a bright future for Bitcoin (BTC) in the coming months. In a YouTube interview with Blockware Intelligence, the quantitative analyst lays out the case for why he thinks numerous Bitcoin metri...

Quant price	$67.88
Low - High 24H	$63.38 - $69.97
Market cap	$910.48M
Volume 24H	$29.13M
All time high	$427.42 -84.12% September 11th 2021
All time low	$0.215773 31356.99% August 23rd 2018
Genesis date	N/A

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