According to the source, a CryptoQuant analyst reports that the extended altcoin rotation is fading as Ethereum’s (ETH) market dominance and trading activity cool, pointing to waning near-term momentum across altcoins, source: CryptoQuant. For trading, the cited signal focuses on declining ETH dominance and activity, so participants should monitor ETH’s market share and volumes to assess altcoin breadth and liquidity conditions, source: CryptoQuant.

According to the source, a new wallet received 1000 BTC in the last 48 hours and now holds just over 115 million USD in value, source: X post dated Sep 21, 2025. Traders should track whether these coins flow to exchanges, as higher exchange inflow from large wallets has been linked to short term sell pressure, source: Glassnode Insights research on Exchange Net Position Change (2021–2023). Sustained holding away from exchanges tends to coincide with reduced liquid supply and more resilient spot demand, source: CryptoQuant documentation on Exchange Reserves and Whale Ratio (2022). Set alerts for subsequent transfers from the wallet to major exchange deposit addresses and monitor funding rates and open interest for confirmation of directional risk, source: CryptoQuant and Glassnode metric guides.

According to the source, CryptoQuant reported that Chainlink (LINK) balances held on centralized exchanges have fallen to a multi-year low, attributing the drawdown to increased institutional adoption of the network (source: CryptoQuant). Historically, CryptoQuant links declining exchange reserves to reduced immediate sell-side liquidity, which can tighten spot supply if demand accelerates (source: CryptoQuant). Traders can monitor LINK exchange netflows and large deposit activity on CryptoQuant dashboards to assess near-term liquidity shifts and potential price impact (source: CryptoQuant).

According to the source, BTC supply on centralized exchanges has reportedly declined to a 7-year low, source: social media post dated Sep 15, 2025. Historically, declining exchange balances correlate with reduced sell-side liquidity and stronger spot-led price resilience in BTC, source: Glassnode Research, Exchange Balances and Market Regimes 2022. Traders should confirm the claim by checking Exchange Balance, Exchange Net Position Change, and Illiquid Supply metrics before positioning, source: Glassnode; CryptoQuant. If metrics confirm continued outflows, strategies often favor a buy-the-dip bias while monitoring funding rates and basis to avoid crowded longs, with invalidation if net inflows turn positive, source: Binance Research; CME Group; Kaiko.

According to @rovercrc, ETH exchange reserves fell 20.4% during the latest rally, highlighting notable outflows from centralized venues, source: @rovercrc. A sustained decline in exchange balances is associated with reduced near-term sell-side liquidity and higher price sensitivity to incremental demand, source: Glassnode research. Traders can validate a potential supply squeeze by monitoring Exchange Netflow, Exchange Reserves, and Taker Buy-Sell Ratio together with perpetual funding and basis, source: CryptoQuant Academy. A swift flip to positive netflows and rising on-exchange balances can precede local tops as supply returns to order books, source: Glassnode research. With thinner spot liquidity, execution risk increases and price discovery can accelerate; monitoring order book depth and liquidity concentration is advisable, source: Kaiko market structure research.

According to @OnchainLens, a whale withdrew 5,100 ETH worth $21.86 million from OKX about an hour before the post after 1.5 months of address inactivity, linked to address 0x3e649a45ef11A36ac39FebCb8Ce9BA515c817520 (source: @OnchainLens on X, Sep 3, 2025). Large exchange outflows reduce exchange-held ETH supply and are monitored as indicators of near-term sell-side liquidity conditions (source: Glassnode Insights, research on Exchange Balances and Flows). Traders can track ETH net exchange flows and OKX order book liquidity to gauge immediate market impact following this withdrawal (source: CryptoQuant Academy, Exchange Netflow metric).

According to @AltcoinGordon, ETH held on centralized exchanges continues to trend lower, signaling reduced immediately sellable supply, source: @AltcoinGordon. Historical on-chain studies show that declining exchange reserves often align with lower spot sell pressure and can support price during demand upswings, source: Glassnode research. Traders should validate the signal by checking ETH exchange reserves, netflows, and holdings across major venues using Glassnode and CryptoQuant dashboards before positioning, source: Glassnode; CryptoQuant. A prudent setup is to pair shrinking exchange balances with rising spot cumulative volume delta and favorable perp funding or basis to confirm demand, source: CryptoQuant derivatives analytics. Structural factors like staking and L2 adoption have contributed to a multi-year downtrend in ETH exchange balances since the Merge, providing context for the current signal, source: Glassnode research.

According to Milk Road, the Bull Score Index has dropped to 20 based on data attributed to CryptoQuant and analyst @jjcmoreno, source: Milk Road on X on Aug 27, 2025; CryptoQuant via @jjcmoreno. Milk Road stated that in past bear markets the index stayed around this low level for more than 60 days, source: Milk Road on X on Aug 27, 2025. They also noted the current sub-20 stretch has lasted only two days so far, making it too early to call but worth monitoring, source: Milk Road on X on Aug 27, 2025. For trading, the key watch is whether the sub-20 reading persists over multiple weeks, since prolonged lows previously coincided with bear market phases per the historical context cited, source: Milk Road on X on Aug 27, 2025.

According to @MilkRoadDaily, CryptoQuant Head of Research Julio Moreno says Bitcoin (BTC) is in a "Pause" phase that sets up a larger "Push" rather than signaling weakness (source: @MilkRoadDaily tweet, Aug 26, 2025; attribution: Julio Moreno, CryptoQuant). The post relays that the subsequent "Push" could "kickstart altseason," indicating potential altcoin outperformance after a BTC-led move if it materializes (source: @MilkRoadDaily tweet, Aug 26, 2025; attribution: Julio Moreno, CryptoQuant). Traders following this framework may watch for a BTC volatility expansion and breakout as confirmation before rotating into altcoins, in line with the sequencing described (source: @MilkRoadDaily tweet, Aug 26, 2025; framework attribution: Julio Moreno, CryptoQuant).

According to Ki Young Ju, the current Bitcoin (BTC) market is being driven by 'Paper Bitcoiners.' These participants are identified not as active traders on cryptocurrency exchanges, but as institutions and passive investors purchasing Bitcoin through exchange-traded funds (ETFs). This analysis suggests a significant shift in market dynamics, where capital from traditional financial vehicles is becoming a primary force behind BTC's price movements, distinguishing the current environment from past cycles dominated by on-chain participants.

According to @cas_abbe, despite significant Bitcoin (BTC) purchases from entities like MicroStrategy (MSTR) and inflows into spot BTC ETFs, the price remains in a consolidation phase. A new report from CryptoQuant highlights that this institutional activity is insufficient to counteract a broader decline in spot demand for BTC. CryptoQuant's analysis indicates a net demand contraction of 895,000 BTC over the last 30 days. The report also shows a slowdown in institutional buying, with ETFs purchasing 40,000 BTC and MSTR acquiring 16,000 BTC in the last month, a significant drop from previous periods. This weak demand is further evidenced by a nearly empty BTC mempool, signaling low retail interest. SkyBridge Capital's Anthony Scaramucci also commented that the trend of companies adopting a BTC treasury strategy will likely fade, as stated in a Bloomberg interview. While Bitcoin consolidates above $108,500, Standard Chartered maintains its bullish $200,000 price target.

According to @MilkRoadDaily, Bitcoin (BTC) is approaching its $112,000 all-time high, but analysts are pointing to conflicting market signals for traders. A report from CryptoQuant highlights that significant BTC purchases from institutions like MicroStrategy (MSTR) and inflows into spot BTC ETFs are failing to compensate for a broader decline in overall spot demand, which has contracted by 895K BTC in the last 30 days. This slowing demand is keeping BTC in a consolidation phase, a view supported by a nearly empty mempool, as noted by CryptoQuant. Concurrently, HTX Research indicates the market is at a crucial inflection point ahead of the U.S. jobs report. HTX suggests that weak labor data could prompt a Federal Reserve rate cut and ignite a BTC rally, while an unexpectedly strong report could trigger a technical correction below $104,000. In derivatives, open interest for BTC and XRP perpetual futures has jumped over 5%, while funding rates for Monero (XMR) have surged to an annualized 40%, signaling potentially overcrowded long positions.

According to @MilkRoadDaily, Bitcoin (BTC) is currently stuck in a consolidation phase because institutional buying is failing to compensate for a broader decline in spot demand. A report from CryptoQuant highlights that overall BTC demand has contracted by 895,000 BTC over the last 30 days. This decline overshadows purchases from entities like MicroStrategy (MSTR) and spot Bitcoin ETFs, which have also slowed significantly since December, as cited by CryptoQuant. For instance, ETF purchases dropped from 86,000 BTC in December to 40,000 BTC last month. CryptoQuant points to BTC's nearly empty mempool as further evidence of weak retail spot demand, preventing a price breakout. While SkyBridge Capital's Anthony Scaramucci noted that the corporate treasury buying trend might fade, Standard Chartered maintains its bullish $200,000 price target for BTC.

According to @BitMEXResearch, analysts are pointing to slowing demand as the primary reason for Bitcoin's (BTC) current price consolidation, despite high-profile institutional buys. A report from CryptoQuant highlights that purchases from MicroStrategy (MSTR) and spot Bitcoin ETFs are not making up for a broader decline in spot demand, noting a contraction of 895,000 BTC in demand over the last 30 days. The report also shows that institutional buying has slowed, with ETFs purchasing 40,000 BTC and MSTR buying 16,000 BTC in the last month, down significantly from previous periods. Adding to this sentiment, SkyBridge Capital's Anthony Scaramucci stated in a Bloomberg interview that he believes the trend of companies adopting a BTC treasury strategy will fade. This contrasts with Standard Chartered, which maintains its bullish $200,000 price target for BTC. Currently, BTC is consolidating above $108,500.

According to @QCompounding, analysts are presenting divergent views on Bitcoin's (BTC) future trajectory amid low volatility. A CryptoQuant report from June 19 warns that BTC could revisit the $92,000 support level or even fall to $81,000 if demand continues to weaken, pointing to a 60% drop in ETF flows since April and a halving of whale accumulation. In contrast, Glassnode's on-chain update suggests the quiet Bitcoin blockchain reflects market maturity, with institutions and whales using the network for large-value transfers, and notes that derivatives volumes now dwarf spot markets. Trading firm Flowdesk describes the market as "coiled" for a breakout, citing growth in tokenized assets like Gold-backed XAUT. This uncertainty is reflected on Polymarket, where bettors give nearly equal odds for BTC dropping to $90,000 or rising to the $115,000-$120,000 range in June. Meanwhile, broader economic fears are subsiding, as odds for a 2025 U.S. recession on Polymarket have fallen to 22%, their lowest since late February.

According to @rovercrc, citing a CryptoQuant weekly report, Bitcoin (BTC) miner revenues have declined to a two-month low of $34 million daily as of June 22. This drop is attributed to lower transaction fees and BTC's price action. The network hashrate has also seen a 3.5% dip since June 16, signaling increased pressure on miners post-halving. Despite these challenging conditions, there are no signs of miner capitulation or forced selling. CryptoQuant data shows that outflows from miner wallets have remained low, decreasing from 23,000 BTC per day in February to about 6,000 BTC currently, with no significant spikes in transfers to exchanges. Furthermore, mid-sized mining entities (holding 100-1,000 BTC) have actually increased their holdings by 4,000 BTC since March. This behavior suggests miners are holding their assets in anticipation of a price rebound, indicating a lack of selling pressure from this sector at current price levels.

According to @ki_young_ju, analysis from CryptoQuant indicates that despite Bitcoin (BTC) miner daily revenue falling to a two-month low of $34 million on June 22, there is no significant selling pressure from miners. The report highlights that while the network hashrate has dipped 3.5% since June 16, outflows from miner wallets have remained low, declining from 23,000 BTC per day in February to around 6,000 BTC currently, with no spikes in transfers to exchanges. Furthermore, data shows miner reserves are actually increasing; addresses holding 100 to 1,000 BTC have added 4,000 BTC since March. This suggests miners are holding their assets in anticipation of a price rebound rather than capitulating at current levels, removing a key potential source of market selling pressure.

According to @MilkRoadDaily, analysts present conflicting views on Bitcoin's (BTC) next move. CryptoQuant issued an urgent warning in its June 19 report, suggesting BTC could fall to $92,000 or even $81,000 support if demand continues to weaken, citing a 60% drop in ETF flows since April and a 50% reduction in whale accumulation. In contrast, Coinbase Research provides a constructive outlook for the second half of 2025, pointing to improving U.S. economic growth, with the Atlanta Fed’s GDPNow tracker at 3.8%, and positive regulatory developments like the GENIUS and CLARITY Acts. Meanwhile, Glassnode interprets low on-chain activity as a sign of market maturity with institutional focus, while Presto Research argues that Crypto Treasury Companies like MicroStrategy carry less liquidation risk than perceived due to their unpledged BTC holdings and unsecured bond structures.

According to @Andre_Dragosch, Bitcoin (BTC) received a temporary boost from easing geopolitical tensions, hovering around $106,000, but analysts offer divergent views on its next move. A report from CryptoQuant warns that Bitcoin could drop to $92,000 or lower if demand fails to rebound, citing a 60% decline in ETF flows since April, a slowdown in whale buying, and significant selling from short-term holders. In contrast, analytics firm Glassnode suggests subdued on-chain activity could indicate a more mature market dominated by institutions. From a technical perspective, BTC has reclaimed its monthly open above the 50-day EMA but faces resistance at the 20-day EMA. A successful break could target the $109,000 resistance level. Derivatives data from Coinglass shows $131.89 million in 24-hour liquidations, with 56% being shorts, suggesting some leveraged shorts were squeezed.

According to @rovercrc, despite Bitcoin (BTC) miner revenues falling to a two-month low of $34 million, there is a notable absence of selling pressure from this cohort. Data from CryptoQuant indicates that outflows from miner wallets have significantly decreased, and mid-sized mining entities have actually added 4,000 BTC since March, suggesting a long-term holding strategy. This lack of miner selling is contrasted by strong institutional demand, evidenced by JPMorgan filing for a crypto platform and Strategy purchasing over 10,100 BTC. BRN analyst Valentin Fournier supports this outlook, stating a high-conviction view that prices will grind higher in 2025 due to strong demand and weak sell pressure. For traders, a key technical level to watch is Bitcoin's 50-day simple moving average (SMA), which is currently acting as strong support.