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Odaily News: CryptoQuant analyst Darkfost posted on X, stating that as BTC price approaches $80,000, selling activity among long-term holders (LTH) has increased significantly. Data shows that long-term holders had been in a continuous net accumulation state, with their monthly average net supply growth reaching 286,000 BTC in early June. However, this has now shifted to a net decrease of approximately 21,000 BTC — the first time this year that the amount of BTC sold or transferred by long-term holders has exceeded the amount newly entering long-term holding status.Meanwhile, the amount of BTC transferred by long-term holders to exchanges has risen to its highest level since 2026, with holders of 6 to 18 months being the most active, transferring over 297,000 BTC to exchanges. This signal warrants close attention. Although market demand has improved, increased selling pressure from long-term holders could once again tilt the market's supply-demand balance in favor of sellers.
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin fund flows turned positive for the first time in nearly three months, though the inflow stood at just 0.21%, making it one of the weaker positive readings in recent years. The current shift primarily reflects the flip in flow direction to positive, with no signs yet of a return to strong demand.
CryptoQuant analyst Darkfost posted on X, stating that with the recent rise in ETH, whales of various sizes have returned to floating profits. However, current unrealized profits remain relatively limited, and no significant profit-taking pressure has yet formed.Data shows that the unrealized profit/loss ratio for addresses holding 1,000 to 10,000 ETH stands at 0.075, while that for addresses holding 10,000 to 100,000 ETH is 0.16. For large whales holding over 100,000 ETH, the ratio reaches 0.38.This indicator measures unrealized profit or loss by comparing the value of ETH at the time of its last transfer with its current value, providing insight into the overall profitability or loss of large holders.
Odaily News: CryptoQuant analyst Axel Adler Jr. stated that BTC has reclaimed the short-term holder cost basis of $68,200 during this rebound, while also breaking above the SMA111 at approximately $67,500 and the SMA200 at $69,000 on rising volume, bringing recent BTC buyers back into profit.However, he noted that the overall moving average structure remains bearish, with both SMA111 and SMA200 sitting below the SMA365 (around $83,200), meaning a larger-scale trend reversal has yet to be confirmed. Going forward, the key support zone to watch is the $68,000 to $69,000 area, while the $83,200 level serves as resistance above; only if BTC can break through and hold above the SMA365 could it serve as a significant confirmation signal of a trend shift.
Odaily News, CryptoQuant analyst Darkfost stated on the X platform that total BTC demand has continued to increase over the past 30 days, currently standing at approximately 170,000 BTC. He noted that although signs of short-term overextension in BTC are becoming increasingly apparent, the market appears to have entered an impulsive upward phase driven by demand, with new demand absorbing sell-side pressure from profit-taking.Historical data shows that synchronized growth in spot and futures demand is typically accompanied by strong upward trends. As long as current demand remains sustainable and absorbs short-term profit-taking orders, upward momentum may persist even as the market enters overbought territory.
Odaily News CryptoQuant analyst Moreno stated in a report that whales that recently accumulated positions have taken large-scale profit-taking during BTC's latest rebound, realizing over $1.2 billion in profits within three days — marking the largest profit-taking event on record for this group.Additionally, he noted that if BTC can hold above the whale cost basis of approximately $70,000, while the realized profits of whales gradually return to normal levels, it would suggest that new market demand is effectively absorbing their profit-taking sell orders.
According to a post by CryptoQuant analyst Woominkyu, since early July, BTC’s price has climbed from approximately $60,000 to $78,000, marking an increase of roughly 30%. Over the same period, overall market funding grew from $20.6 billion to $24.9 billion, nearing a high for this phase. He noted that, contrary to the price appreciation, the share of borrowed funds did not rise correspondingly. This indicator peaked on August 14 and has trended downward since, with the leverage ratio failing to recover significantly despite BTC accelerating its gains after August 19. He views the current capital structure as healthier than rallies driven by borrowed capital; however, should BTC prices stagnate while the borrowing ratio climbs again, it could emerge as a risk signal requiring close monitoring.
CryptoQuant analyst Darkfost stated that the bull-bear market indicator has entered the early bull market phase. Although the indicator is not absolutely reliable, it shows that market conditions have improved significantly, and the trend over the coming weeks warrants close monitoring.
Odaily News, CryptoQuant analyst Axel Adler Jr. stated that as BTC rose from approximately $63,000 to $77,000 over the past 8 days, the proportion of BTC short-term holders (STH) in profit has climbed from 26.1% on August 17 to 74.9%, indicating that the majority of short-term holders have returned to a profitable state.Meanwhile, the net profit/loss indicator for short-term holders flowing to exchanges has turned positive, reaching +28,600 BTC as of August 24, surpassing the +25,000 BTC level. Axel Adler Jr. pointed out that if this indicator continues to stay above +25,000 BTC while BTC's upward momentum begins to slow, the risk of concentrated selling by short-term holders will further increase. Conversely, if the indicator falls back to near zero while BTC's price remains stable, it would suggest that potential selling pressure is easing.
Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.
According to Odaily, CryptoQuant analyst Darkfost stated that Bitcoin's recent Realized Profits have reached their highest level since 2026. Data shows that as of August 20, the market had accumulated approximately $1.65 billion in realized profits that day, indicating that a large number of investors are taking profits at current highs.Darkfost noted that as realized profits continue to climb, the market requires sustained new demand to absorb selling pressure. At present, buyer demand remains stable and is able to absorb the supply pressure from investors exiting with profits. If capital inflows and market demand continue to hold up in the coming period, the current increase in profit-taking activity does not yet pose a significant risk; however, if demand weakens, the growing profit-taking sell-off could exert downward pressure on prices.
CryptoQuant analyst BorisD stated that the primary driver behind Bitcoin's recent rally is not spot buying pressure, but rather passive buying triggered by the concentrated liquidation of short positions on Binance Futures. Data indicates that Binance's short squeeze metric reached 6.94 this week, exceeding the 5.38 recorded in November 2024 and marking the highest level since then. Should sustained spot demand fail to follow, the futures-driven rebound remains vulnerable to corrections once its momentum wanes.
Odaily News: CryptoQuant analyst Darkfost stated that Bitcoin (BTC) is currently attempting to reclaim the "Active Supply Cost Basis" level.Darkfost noted that active supply refers to all BTC that has been transferred at least once within the past 7 years. By excluding long-dormant Bitcoin, a more accurate average cost basis that aligns with the current market structure can be obtained, with its Realized Price standing at approximately $70,400.He stated that the last time Bitcoin successfully reclaimed this level was in early April, before the market fell back below this zone again in early June, with sellers reasserting dominance.Darkfost said that if BTC can sustain its position above the active supply cost basis this time, it could signal the market is forming a longer-term uptrend, rather than the brief breakout that lasted only about two months previously.This metric is commonly used by the market to observe changes in long-term holder costs and Bitcoin market cycle status. Whether BTC can firmly hold near the $70,400 level will become a key indicator for future bullish and bearish forces.
Odaily News: CryptoQuant analyst Darkfost posted on X platform, stating that Solana ecosystem data shows the total scale of stablecoins on the Solana chain has reached $16.3 billion. Among them, USDC accounts for approximately $6.8 billion, representing 42.8%; USDT accounts for approximately $2.9 billion, representing 18.2%; USDG accounts for approximately $1.2 billion, representing 7.4%.Meanwhile, the number of active stablecoin addresses on Solana has reached 1.7 million, setting a new historical record, indicating that the demand for stablecoins on the network continues to grow.
Odaily News: Data from on-chain analytics platform CryptoQuant shows that large Bitcoin holders have accumulated approximately 43,000 BTC over the past 60 days, valued at around $2.75 billion. This group excludes exchange and mining pool wallets, and this accumulation marks the end of a net selling phase that had lasted for several months. After Bitcoin fell to around $60,000, large holders resumed buying; since then, Bitcoin has rebounded to approximately $65,000, with trading mostly ranging between $62,000 and $65,000 in recent weeks. During the same period, the balances of "dolphin" holders as defined by CryptoQuant also increased, indicating that accumulation is not limited to the largest wallets. Spot trading volume in August fell to its lowest monthly level since August 2021. (Bitcoin.com News)
According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves fell from a high of about $80 billion at the end of 2025 to about $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance showed relative resilience, with its stablecoin share rising from just over 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX saw more significant reductions. Meanwhile, on-chain analysis platform Santiment detected that pessimistic sentiments such as "crypto is dead" on X and Reddit continued to intensify, with the Crypto Fear & Greed Index currently at 46, still in the fear zone. The total stablecoin supply also fell from a high of nearly $316 billion in May to $300.89 billion, but the decline was far lower than on the exchange side, indicating that some liquidity may have shifted on-chain rather than exiting completely.
CryptoQuant analyst Axel Adler Jr. released an analysis indicating that Bitcoin is currently trading at approximately $64,200, 1.30 times the long-term holder cost basis of $49,400, and has remained in the low-risk zone for 78 consecutive days. Long-term holder holdings amount to 16.35 million BTC, only 58,000 less than the all-time high of 16.41 million set on July 30; over the past 90 days, this group's supply increased by 1.38 million BTC.
CryptoQuant 分析师 Darkfost 表示，超过 10 年未发生移动的比特币已达 356 万枚，占当前流通供应量约 17.7%，创历史新高。过去 30 天又有超 1.4 万枚 BTC 进入这一长期休眠区间。
Odaily News - CryptoQuant analyst Darkfost stated on platform X that whale inflows of XRP on Binance have recently seen a notable decline, with the 3-month moving average dropping to its lowest level since 2021.Data shows that current whale inflows of XRP into Binance stand at approximately $61 million, a significant decrease from previous levels. In comparison, this metric reached $456 million in January 2025 and $355 million in October 2025, with current levels roughly 6 to 8 times lower than before.Although XRP is still striving to hold the key $1 price level in the near term, the inflow behavior of whales who previously preferred conducting large transactions through Binance is diminishing. However, XRP's net inflow remains positive at approximately $18.8 million, indicating that incoming funds still temporarily hold the upper hand.Darkfost noted that this trend mirrors the broader crypto market, with trading volume and capital inflows declining overall, potentially reflecting that selling pressure is subsiding, though new market demand has yet to show a clear recovery. The cooling of whale trading activity is a positive signal for XRP, but it is still insufficient to confirm a market reversal, and it remains too early to determine whether XRP is entering a new upward cycle.
CryptoQuant analyst Darkfost stated that the share of supply held by Short-Term Holders (STH) in the Bitcoin market is declining significantly, with the current distribution as follows: less than 1 day accounts for 1.2%, 1 day to 1 week accounts for 2%, 1 week to 1 month accounts for 5.6%, 1 month to 3 months accounts for 6.7%, and 3 months to 6 months accounts for 8.1%. He believes that this trend usually appears at the end of a bear market: on one hand, it indicates that the number of Long-Term Holders (LTH) is increasing, with fewer coins in active circulation in the market; on the other hand, it also indicates that new demand has not yet significantly returned.