CryptoQuant Quicktake

New on-chain data reveals that over 2.66 million TRX addresses have held their tokens for more than 1 year without spending, maintaining a balance over 10 TRX. This metric highlights strong long-term conviction in the Tron network.

Compared to other chains, Tron’s growing base of long-term holders reflects user loyalty and sustained participation, positioning it as a vibrant blockchain ecosystem beyond just transactions.

🔍 Why it matters:

Signals reduced selling pressure from early adopters.

New data reveals a strong surge in stablecoin pair dominance for Bitcoin spot trading on Binance. Currently, BTC/USDT commands 57% of total BTC spot trading volume, while BTC/USDC contributes 9%. This stablecoin-led liquidity highlights increased user participation and growing preference for stablecoin-denominated trades on centralized exchanges.

✅ The rising share of USDT and USDC pairs signals heightened trading activity, deeper liquidity pools, and stablecoin dominance as key drivers of BTC

Miners play a crucial role in the Bitcoin network, as they are responsible for validating and confirming blocks that are permanently integrated into the blockchain.

They currently earn 3.125 BTC per block after the recent halving, generating around 450 BTC per day.

Over time, these key players have become highly professionalized, evolving into large-scale industrial operators. They are also major BTC holders—second only to centralized exchanges (CEXs).

We can track miner holdings using Crypto

Binance users have been increasingly leaning toward short positions lately—a trend that could lead to risky decisions. Recently, open interest on Binance hit an all-time high (ATH) of $12 billion. After a sharp correction, it dropped by 37% to $7.5 billion, indicating a significant market flush. This likely cleared out many long positions and created room for short entries.

Meanwhile, the funding rate surged to around 0.04%, signaling an overly long-heavy market. As Bitcoin retraced from the $7

Onchain data indicates the return of whales to the market. However, neither heavy buying nor selling is observed, and the market appears to be in a neutral state in terms of the balance between buying and selling in the spot market.

Written by CryptoOnchain

For the first time since September 2024, Bitcoin’s funding rate on Binance has plunged into deeply negative territory at -0.008%, signaling an aggressive shift in market sentiment.

What Are Funding Rates?

Funding rates are periodic payments exchanged between traders in perpetual futures markets. When the rate is positive, long position holders pay short sellers, indicating that the majority of traders are betting on price increases.

Conversely, a negative funding rate implies that short selle

Bitcoin’s recent rebound has been accompanied by a sharp increase in open interest in the futures market.

This development mirrors patterns seen in previous bullish phases. As shown in Chart 1, when open interest previously broke above its former peak (red line), Bitcoin’s price surged shortly afterward (highlighted with the yellow arrow and green circle).

While the current open interest level hasn’t yet broken its previous high, the steep upward slope suggests it may soon do so. If that happe

futures entities that led the price surge in October last year have begun to reappear since the end of April.

Written by Mignolet

What Is the Taker Buy/Sell Ratio?

The Taker Buy/Sell Ratio measures the volume of market buy orders (taker buys) relative to market sell orders (taker sells) on Binance exchange.

The most recent data point shows a sharp increase to 1.142, the highest level in this range.

This indicates significantly more aggressive buying (market buys) than selling among takers on Binance exchange.

A ratio above 1 indicates that market participants are more aggressively buying than selling.

Key Observations

From its launch in June 2018, TRON has grown to be one of the most active blockchain networks in the world.

📊 As of now, daily transaction count is around ~8.4 million. This is among the highest in the space. Activity has picked up during bull market spikes in 2021 and 2023, but overall still growing daily. The total number of transactions surpassed the 10.0B mark on April 1, 2025.

The TRON network handles a significant amount of traffic behind the scenes. This is where you should be bullish

From its launch in June 2018, TRON has grown to be one of the most active blockchain networks in the world.

📊 As of now, daily transaction count is around ~8.4 million. This is among the highest in the space. Activity has picked up during bull market spikes in 2021 and 2023, but overall still growing daily. The total number of transactions surpassed the 10.0B mark on April 1, 2025.

The TRON network handles a significant amount of traffic behind the scenes. This is where you should be bullish

On April 25, 2025, Binance moved 25,177 BTC from one of their wallets. While the size of the transaction raised questions, all evidence suggests this was an internal movement, not a user withdrawal. Confirmation expected in Binance’s May 1st Proof of Reserves report.

What Happened?

- Date: 2025-04-25

- Block: #893894

- BTC Moved: 25,177 BTC

- USD Value: ~$2.36 billion

- Likely Nature: Internal wallet reorganization (not an outflow)

These movements are important to track because this size

It is widely accepted in the crypto community that Bitcoin whales are investors who hold more than 1,000 BTC. These investors typically have a professional and sophisticated profile, ranging from high-net-worth individuals to institutions and corporate treasuries. Their behavior is relevant because they often signal structural changes in market cycles, as their moves represent volume, conviction, and long-term strategy.

At the on-chain level, we distinguish two types of whale investors based on

The number of coin addresses making inflow transactions to the exchange is at its lowest level since 2017. Low value indicates decreasing investors selling coins in the spot exchange.

Written by CryptoOnchain

Bitcoin's current movement appears to be forming a pattern similar to the early and late 2024 pre-rally structures.

Looking at past cases,

in January and October 2024, right before Bitcoin entered a significant uptrend,

there was a sharp increase in the activity of short-term holders (1 day to 1 week).

This was followed by strong price rallies not only in Bitcoin but also across major altcoins.

Now, a similar increase in short-term holder activity is once again being observed,

which could

Over the past month, approximately 1.1 million BTC and 9.6 million ETH have flowed out of centralized exchanges — inflows not included in this data. But what stands out is where these assets are moving from:

➡️ Binance alone accounted for 49% of total ETH outflows — setting a new all-time high market share of Ethereum withdrawals.

➡️ Binance also represented 22% of BTC outflows from exchanges in the same period.

What makes this surge notable is that total BTC and ETH outflows across all excha

As of today, the on-chain momentum is in the "start" rally zone (Ratio ≈ 0.8 / 80%). Let's examine three scenarios for the next six months:

1. Optimistic (Bull).

If the Ratio breaks through 1.0 and holds above it - the NUPL/MVRV metrics will show a new impulse and the price could reach $150-175K, repeating the cycle logic of 2017 and 2021.

2. Base Case (Consolidation).

If the Ratio remains in the 0.8-1.0 range, the market will stay in a wide corridor of $90-110K: participants maintain positi

One of the most effective metrics for assessing real market sentiment from the blockchain is the MVRV (Market Value to Realized Value). This tool compares Bitcoin’s current market price to the average acquisition cost of all BTC. In other words, it measures how much unrealized profit investors hold on average.

Formula: MVRV = Market Cap / Realized Cap

 

Simply put, it’s like dividing the total market value of all BTC by the total amount originally spent (in dollars) to acquire those BTC when

On-chain data reveals that the Exchange Supply Ratio of Ethereum on Binance has dropped sharply in recent days, reaching a multi-week low.

This metric represents the proportion of Ethereum held on Binance relative to its circulating supply.

When this ratio declines, it typically indicates that investors are withdrawing ETH from the exchange, possibly moving it to cold storage or DeFi platforms — both of which suggest lower immediate selling pressure.

This drop is especially noteworthy on Bina

The Buy/Sell Pressure Delta is a powerful tool for identifying market extremes, helping traders strategically time their entries and exits. When the indicator shows high positive values, it often signals buyer exhaustion, suggesting a potential selling opportunity before a market correction. Conversely, low or negative values indicate seller exhaustion, presenting a buying opportunity as the market prepares to recover. On 6th March 2025, the indicator signaled the start of a sell pressure phase,