ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the ETH/BTC NUPL has hit a 4-year low. This reflects the bottom levels of early 2020, which may present an opportunity for Ethereum believers.NUPL (Net Unrealized Profit/Loss) is an indicator that measures market sentiment and the unrealized profits and losses of cryptocurrency holders. It reflects the overall state of the market by calculating the net value of unrealized profits and losses of all held assets in the market.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that retail investors are coming, and the trading volume of Bitcoin below $100,000 has reached a three-year high.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform: "The leverage ratio in the BTC-USDT perpetual contract market is too high, 2.7 times higher than at the beginning of this year, setting a new historical high. I have carefully checked the data, and it is accurate. Stay cautious."

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the volatility in the Bitcoin market is increasing. During the price discovery phase, the order book is often thin due to a lack of consensus on support and resistance levels. This led to multiple price fluctuations during the last bull market cycle. Currently, there is almost no trading volume above $72,000 for Bitcoin, making it easy to rise and fall.

ChainCatcher news, according to Cointelegragh, the search volume for the term "Bitcoin" reached its lowest point in a year during the week of October 12, 2024. With 100 as the baseline, global interest in this search term has dropped to just 33 by the end of this week. Meanwhile, the search volume for "memecoin" during the same period was at 77%, but it has not yet surpassed the historical high of 100 set in late October 2023.However, Ki Young Ju, CEO and founder of CryptoQuant, believes that due to the continued high interest in these digital assets, the search volume for memecoin will return to its previous all-time high by the end of October 2024.

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on his social platform that the Patoshi wallet is a Bitcoin wallet associated with Satoshi Nakamoto's early mining, based on a unique mining pattern. The balance of the Patoshi wallet has remained at around 1 million coins since 2010, with none of the Bitcoins being spent. This unique pattern indicates that Satoshi Nakamoto used optimized hardware.

ChainCatcher news, CryptoQuant co-founder Ki Young Ju posted on the X platform stating that investors guide the flow of funds, while entrepreneurs shape the world accordingly. Due to investment mistakes, cryptocurrency/Web3 has been labeled negatively, but venture capitalists are now funding real-world solutions. In three years, we will see cryptocurrency companies solving real problems.

ChainCatcher message, CryptoQuant founder Ki Young Ju stated: "Mt.Gox is preparing to distribute Bitcoin to creditors. The large outflow of funds indicates that retail investors have not yet received their funds. When it happens, CryptoQuant will confirm it through on-chain data. Unlike the German government's sale, Mt.Gox creditors are not forced to sell, so this is not purely seller liquidity. Crypto analyst Alex Krüger estimates this could lead to a maximum Bitcoin price drop of 10%, even if an immediate sell-off occurs. I believe this distribution will not end the bullish trend, as these Bitcoins are expected to react to market sentiment just like the existing supply."

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the price premium of Bitcoin on Coinbase has reached a three-month high, indicating that the sentiment in the U.S. cryptocurrency market is recovering.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on the X platform that in the past two weeks, long-term holders of Bitcoin, the whales, sold $1.2 billion worth of Bitcoin through brokers. At the same time, Bitcoin ETFs experienced a net outflow of $460 million during the same period. If this approximately $1.6 billion in selling liquidity is not absorbed by the over-the-counter (OTC) market, brokers may deposit Bitcoin into exchanges, which could impact market prices.According to CoinDesk, data shows that this sell-off coincides with the net outflow of Bitcoin ETFs listed in the U.S. during the same period.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on the X platform that the largest Bitcoin mining company, Marathon Digital, sold 1,200 BTC yesterday, possibly to cover operational expenses, marking its highest single-day over-the-counter trading volume since the end of March.

ChainCatcher message, CryptoQuant CEO Ki Young Ju quoted Bloomberg on social media, stating that South Korea leads the world in cryptocurrency trading volume but is one of the worst countries for the Web3 startup environment. It's as if more stocks from other countries are listed on the Korea Stock Exchange, while the trading volume of Korean ants leads the U.S. stock market. The biggest issue lies in the regulators' lack of understanding and a conservative attitude that stifles innovation.Bloomberg previously reported that the trading volume of South Korean exchange Upbit accounts for over 80% of the country's trading volume, making it one of the top five exchanges in the world by trading volume.

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on the X platform stating that the popularity of memes will not truly drive substantial progress in the cryptocurrency industry, and reminded people to be wary of the lessons from the 2018 ICO bubble.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju disclosed on X that the unrealized profits of new Bitcoin whales have reached $7.3 billion, a historical high. The unrealized profits of old whales stand at $40 billion, still below the peak of $145 billion in 2021.Definition of long-term whales:Average UTXO age over 155 days (if less than 155 days, they are short-term whales);Balance exceeding 1000 BTC;No association with CEX or miners.