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CryptoQuant founder Ki Young Ju (@ki_young_ju) stated on X that year-to-date net inflows into Bitcoin spot ETFs have been near zero, yet the year-to-date drawdown for BTC is only around 7%. Given weak ETF demand and resilient prices, it is unlikely that early whales or miners will execute large-scale sell-offs, as holders looking to exit may have already done so. He anticipates that once the uncertainty surrounding the U.S. midterm elections subsides and ETF capital flows resume, bullish market momentum will likely return. He also shared a CryptoQuant chart depicting Bitcoin ETF annual holdings.
CryptoQuant community analyst Crypto Dan stated that historically, a strong rally typically follows when the proportion of Bitcoin held for over 18 months across the network first rises and then begins to decline. Although the market has shifted into a bullish cycle, this signal has not yet appeared, indicating that the uptrend may still be in its early stages. He also pointed out that most people remain largely unengaged with crypto investments, and even those interested tend to watch from the sidelines. With the market far from overheated, there remains room to be optimistic about further upside potential and the duration of this cycle.
CryptoQuant analyst Axel Adler Jr. noted that the BTC transferred from Bitcoin short-term holders to exchanges is primarily being sold at a loss, with the 24-hour net inflow metric dropping to -18,600 BTC, down from a positive 10,400 BTC a week ago. The metric briefly dipped to -23,100 BTC on October 26 before narrowing somewhat, yet it remains in negative territory.
CryptoQuant platform analyst Trdaer_Gemini posted that BTC is currently trading just above $80,000, positioned above the Trader Realized Price, which has risen to approximately $75,000 (reflecting the average acquisition cost of BTC most recently moved between 1 and 3 months ago). Historically, this level frequently serves as support during bull market pullbacks; if the price breaks below and sustains beneath it, underwater traders may exit positions as they approach breakeven, potentially flipping the level into resistance. Furthermore, when the price approaches the Upper Band, it is typically accompanied by increased profit-taking pressure and short-term pullbacks. The analyst emphasized that the Upper Band does not guarantee a market top, nor does the Realized Price guarantee a rebound; neither should be treated as automated trading signals, but rather used as observation points to identify where market participants may shift their behavior.
Odaily reports: CryptoQuant analyst Darkfost posted on X that as BTC has held above $80,000 for several consecutive weeks, the behavior of retail investors and whales transferring BTC to Binance has diverged significantly. Data shows that the 30-day cumulative retail BTC inflows to Binance have risen from $5.5 billion to $10.75 billion, nearly doubling and hitting a 6-month high. In contrast, whale inflows over the same period have continued to decline, dropping from $5.9 billion at the end of August to the current $3.8 billion.Darkfost believes that some retail investors may be viewing this first rebound as an opportunity to reduce positions or exit, while whales have not yet shown a clear willingness to sell. What is worth watching going forward is whether whales will continue to maintain low exchange inflow levels if BTC prices continue to rise.
Odaily reports: CryptoQuant analyst Axel Adler Jr. posted on the X platform that Bitcoin remains in a volatility contraction phase. The spread between the highest and lowest prices over the past 30 days has narrowed from 13% to 6%, and the price has remained within the $80,000 to $86,000 range for the 9th consecutive day. Yesterday, Bitcoin found support near the 365-day simple moving average (SMA 365) and rebounded, closing at $80,500, marking a new low for the past 30 days.He noted that volatility contractions typically end with sharp price movements. The key level above is currently $86,000, while below, attention should be paid to the 365-day moving average.
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin has consistently experienced net outflows from exchanges since September 22, with the current 30-day average net outflow at approximately 1,500 BTC per day, a significant drop from the roughly 3,000 BTC observed a week ago. However, this decline is primarily due to the large outflow data from September 22 falling out of the 30-day tracking window, rather than indicating a new large-scale influx of funds back to exchanges.
According to an analysis published by on-chain analyst Darkfost on CryptoQuant, sustained tensions in the Gulf region and escalating Ukrainian attacks on Russian refineries have kept Brent crude prices consistently above $100. High oil prices are cascading into production costs, service prices, and commodities, embedding inflation deeper into the economy. This may drag down economic growth, constrain market liquidity, and particularly pressure high-risk assets such as Bitcoin. Historical data indicates that when Brent crude enters a strong uptrend and trades above its annual average, Bitcoin's momentum typically slows; conversely, sharp declines in oil prices often coincide with Bitcoin rallies. Oil prices saw a brief dip in July, benefiting Bitcoin, but Brent has since staged a strong rebound. Darkfost noted that there is no simple causal relationship between the two; rather, it is the economic environment driven by high oil prices that poses headwinds for risk assets. Although liquidity could rotate across different markets and continue to support Bitcoin's upside, current macroeconomic conditions are unfavorable for fresh liquidity inflows.
CryptoQuant analyst Axel Adler Jr. stated that the unrealized profits of large short-term holders have fallen from $9.8 billion on September 22 to approximately $4.6 billion on October 20, decreasing by about $5.1 billion over a month, a drop of 53%. This does not mean that whales sold more than half of their holdings, but rather that the unrealized gains on their current BTC positions have significantly narrowed.
CryptoQuant analyst XWIN Japan stated that data indicates Bitcoin still possesses certain bottoming conditions, but the recovery in supply and demand remains uneven. Exchange BTC reserves have rebounded from approximately 2.67 million in early October to around 2.68 million. Although this figure remains below January levels, it suggests that exchange supply is no longer continuing to decline. Furthermore, the increase in reserves may also result from custody adjustments and cannot be directly interpreted as rising selling pressure.
CryptoQuant founder and CEO Ki Young Ju (@ki_young_ju) posted on X that, according to CryptoQuant analyst consensus data, $HYPE is currently the most bullish crypto asset among analysts. The quarterly Hyperliquid analyst consensus shows that 83% of analysts are bullish.
CryptoQuant Founder and CEO Ki Young Ju posted on X that analysts are not overly concerned about MSCI's decision, and overall market sentiment toward MSTR remains bullish. Target prices from Citibank, Barclays, and B. Riley are $240, $175, and $195 respectively, all recently raised with none lowered. He believes the impact of the MSCI exclusion is primarily limited to index-related fund flows, which have already been reflected in the stock price. What warrants attention now is Strategy's mNAV (the ratio of market capitalization to the value of its held Bitcoin) hovering around 1.0x, its perpetual preferred stock STRC trading at par, and the company's $3.75 billion in reserve funds, which are sufficient to cover dividend payments.
CryptoQuant posted on X platform stating that with the Ethereum leveraged positions on Binance being cleared, the ETH market structure has become healthier, but there is still a lack of clear catalysts to drive prices higher.CryptoQuant noted that going forward, key focus should be on whether USDT flows back into Binance and whether the Coinbase Premium Index can turn positive. If these signals emerge, they could shift the Ethereum market outlook toward bullish.
Following a post by CryptoQuant analyst MorenoDV_, on-chain data shows that excluding exchange and mining pool addresses, the total holdings of Bitcoin whales have increased from approximately 2.94 million BTC in late August to nearly 3 million BTC, representing a net growth of roughly 60,000 BTC (about 2%) and setting a new annual high. This accumulation pattern has been intermittent: growth slowed in September before accelerating again from late September to early October. This rhythm indicates that large holders are expanding their exposure only after the price begins to rebound, rather than positioning ahead of time. The concurrent rise in price and holdings reflects steady absorption of market supply. If this trend continues, it will help digest profit-taking pressure and likely push the market from a short-term rebound into a more sustained upward trajectory.
Odaily News: CryptoQuant founder Ki Young Ju posted on X that CryptoQuant has launched Analyst Consensus, aggregating over 1.3 million opinions from 878 analysts across platforms including X, Substack, and Seeking Alpha, among which 140,000 are Bitcoin opinions. AI reads each opinion, labels it as bullish or bearish and assigns a score, ultimately generating a single line that shows the overall view of the current analyst community. The feature also covers major altcoins and some stocks, is free and has no paywall, and more assets and analysts will be added in the future.
According to the on-chain analytics platform CryptoQuant, cumulative XRP inflows from whales to Binance reached 1.669 billion XRP over the past 30 days, hitting a seven-month high and surpassing the previous peak of approximately 1.65 billion XRP in September. These large inflows may increase market sell-off pressure, but could also be attributed to asset redistribution among whale wallets. Further assessment will require a comprehensive analysis of net flows, trading volume, and price trends.
According to monitoring by CryptoQuant analyst nocoffeenobrain, coins with a holding age of 1–3 years and over 3 years began showing signs of activity as early as late September, coinciding with BTC prices rising from the mid-$70,000 range to the mid-$80,000 range. Following the recent Ledger hack, which prompted numerous users to migrate assets to new signing devices and replace their seed phrases, the 7-day moving average is expected to climb further over the next few days. The analyst noted that a similar pattern occurred previously: during January to February this year, when BTC dropped from $90,000 to the mid-$60,000 range, and between July and August while BTC consolidated around the mid-$60,000 range, both of these holding age cohorts exhibited synchronized activity.
CryptoQuant analyst Axel Adler stated that the market absorbed 220,374 BTC last week, while exchange net flows remained negative at -3,863 BTC.He noted that despite the relatively high volume of Bitcoin inflows to exchanges, the net outflow data indicates that buy-side demand still outweighs sell-side pressure, suggesting that some funds are absorbing market supply.
CryptoQuant analyst Axel Adler Jr. stated that over the past 30 days, Bitcoin transaction fee revenue averaged 0.64% of miners' total revenue, down from 0.65% the previous week, and has remained below 1% since mid-August 2025. Miners' revenue still mainly comes from newly issued Bitcoin, with fees contributing limited support to profitability; although Bitcoin's price has rebounded from around $59,000 to $84,000, older mining machines still face significant profitability pressure at current electricity prices. The above costs only account for electricity expenses and do not include other expenditures such as mining machine purchases, cooling facilities, and maintenance. A fee revenue share below 1% does not directly mean that miners are shutting down operations on a large scale or selling off reserves.
CryptoQuant analyst Axel Adler Jr. stated that over the past 30 days, transaction fees accounted for an average of only 0.64% of Bitcoin miner revenue, down slightly from 0.65% a week ago and remaining consistently below 1% since mid-August 2025. This indicates that current miner revenue still relies primarily on block rewards, with fees providing limited support to profitability.