🪙 What is happening with #BTC and the market? 🪙

Activity on the #BTC network has plummeted — the CryptoQuant index has dropped to 3.47k, one of the lowest levels in the last year and a half.

But such periods of silence often precede sharp movements in the market.:

Retail demand dropped by 5%+

The number of transactions from $0 to $10K has decreased — small investors are losing interest.

1️⃣ Spot trading on CEX — as in October 2020

The real #BTC hardly moves either online or on exchanges. Organic interest is minimal.

2️⃣ 847K #BTC transferred to long - term storage

Coins are not touched for more than 155 days— which increases trust among holders.

3️⃣ Ethereum: OI at record 7.17 METH

#ETH futures are hitting historical highs — activity is shifting there.

Retail futures trading is growing

The frequency of retail transactions exceeds the annual average — "a lot of retail" on derivatives.

The lull before a major movement, but which way? 😉