Called $ETH bullish on Feb 23, 2024: $ETH rose 33% in 2 weeks.
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Cite asCryptoQuant has tracked 7 directional calls by @MadsEberhardt_Steno on CryptoQuant since Jan 2024: tracked, not yet ranked (below the accuracy-scoring baseline) (as of Nov 11, 2026).
Called $ETH bullish on Feb 23, 2024: $ETH rose 33% in 2 weeks.
View call →Returning to Positive
In the past few days, two vital but also interconnected factors have returned to positive territory, pointing the Bitcoin price upwards rather than down. The Coinbase Premium Index is now at a premium once again, indicating that U.S. retail and institutions are buying once more. In yesterday's trading session, the Bitcoin spot ETFs broke a five-day streak of outflows by seeing a net inflow of about $15.7 million.   
View original →Leverage, leverage, leverage
Yesterday, traders paid as much as 150% annually to maintain long positions in Bitcoin perpetual futures due to the so-called funding rate. This has now dropped to 70%, which is, however, still remarkably expensive. There is only one explanation for this: the appetite for leverage is through the roof. It is often not a good sign when every single trader agrees that the market is going higher and uses leverage to back their conviction.  
View original →An over 800,000 Ether reduction
Ethereum has outperformed Bitcoin year-to-date. During the same period, exchanges have seen a net outflow of over 800,000 Ether, worth about $2.4 billion. It cannot be stated enough that this reduction in the Ether exchange reserve balance is extremely remarkable and, not least, bullish for Ethereum.  
View original →Strong Bitcoin ETF Inflow Leads to a Coinbase Premium
The Bitcoin spot ETFs witnessed exceptionally high net inflows, totaling $405 million on Thursday and $541 million on Friday. Within just two days, these ETFs attracted almost $1 billion in Bitcoin net investments, a noteworthy achievement. This surge in net inflows has resulted in the Coinbase Premium Index shifting to a premium almost matching its peak at the start of the year.   
View original →The Ethereum Printer Does NOT Go Brrr
There are few things as volatile as cryptocurrency prices. One notable exception may be Ethereum's total transaction fees. Recently, Ethereum's transaction fees have significantly increased, leading to the network burning more Ether from fees than it issues to stakers. In the past 24 hours, Ethereum has seen its supply decrease by about 3,200 Ether. Not only do higher transaction fees reduce the supply, but they also reinforce Ethereum's 'ultrasound money' narrative. In traditional markets, it is commonly believed that narrative follows price. However, in the crypto market, the opposite is mostly true: price follows narrative. This narrative is arguably even more critical for Ethereum than the direct price impact by the reduced supply.  
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