ChainCatcher news, according to Coindesk, the latest report from crypto analytics firm CryptoQuant shows that Bitcoin demand indicators have significantly slowed since early April, even dropping to negative values this month, raising concerns in the market about Bitcoin's short-term prospects.Despite the launch of several Bitcoin spot ETFs in January this year, their popularity is cooling down. Data shows that the average daily purchase volume of Bitcoin spot ETFs plummeted from 12,500 units in March (when Bitcoin's price was above $70,000) to just 1,300 units last week. Since their launch, Bitcoin ETFs have attracted a net inflow of $17.5 billion, but the growth rate has clearly slowed. The total holdings of large Bitcoin investors have also decreased from a monthly growth of 6% in March to the current 1%.However, there are still positive factors in the market. Long-term holders (wallets holding for more than six months) continue to accumulate Bitcoin at record levels, with their total balance reaching a monthly high of 391,000 BTC this week. At the same time, the total market capitalization of stablecoins has climbed to a historic high of $165 billion, which typically indicates increased liquidity in the crypto market and could trigger a price increase.

ChainCatcher news, on-chain analytics company CryptoQuant indicates that Bitcoin whales have significantly reduced the speed of accumulating tokens. The 30-day percentage change in whale holdings has dropped from 6% in February (the fastest rate since February 2019) to the current 1%. Currently, "most" demand indicators show signs of weakness, and Bitcoin's purchasing power is still insufficient to push its price to a new all-time high.The report states: "Although the overall demand for Bitcoin is slowing down, long-term holders continue to accumulate Bitcoin at unprecedented levels. The total balance of these holders is growing at a record pace of 391,000 Bitcoins per month. The growth rate of demand from long-term holders is even faster than when Bitcoin's price exceeded $70,000 in the first quarter of 2024."

ChainCatcher news, according to CoinDesk, since the beginning of November, a new wallet address "bc1qch" has increased from zero to holding over 100,000 bitcoins. According to on-chain analytics firm CryptoQuant, this address is a new address for the cold wallet of the BitMEX exchange.

ChainCatcher news, South Korean telecom giant SK Telecom has partnered with blockchain analytics company CryptoQuant and developer Team Blackbird to launch a cryptocurrency wallet. This wallet will allow users to access blockchain-based applications on their mobile phones, enabling them to store tokens and access CryptoQuant's on-chain analytics tools.

ChainCatcher news, the on-chain data analysis platform CryptoQuant's development team Blackbird announced the completion of 8.5 billion KRW (approximately 6.5 million USD) in Series A funding, led by Atinum Investment, with participation from IMM Investment, SK, Base Investment, Hill Spring Investment, and others, bringing the total funding to 12 billion KRW. The new funds will be used to advance business and attract talent.It is reported that the Blackbird team was established in 2018 and launched the on-chain data analysis platform CryptoQuant in 2019. Currently, CryptoQuant provides services in over 200 countries worldwide, attracting more than 200 institutional clients. (source link)

ChainCatcher news, Binance has commissioned CryptoQuant to issue a Bitcoin reserve proof report. According to the report released by CryptoQuant, 97% of Binance's Bitcoin customer deposits are backed by the exchange's assets; if we include the Bitcoin lent to customers, this ratio will rise to 101%.Unlike FTX, Binance's BNB does not constitute a high proportion of its reserves. CryptoQuant stated that Binance does not face reserve issues similar to those of FTX, and independent verification helps ensure that financial institutions have the resources to fulfill their obligations and are not at risk of insolvency. (source link)