Bitcoin Magazine

The Amount of Bitcoin on Exchanges Is Shrinking. Is a Rally Imminent?

Bitcoin’s price could be due a move upwards as the supply of the leading cryptocurrency on exchanges shrinks. 

That’s according to a researcher at data firm CryptoQuant, who wrote in a Monday report that bitcoin on exchanges has dropped to 2.67 million from 2.8 million since February. 

The price of bitcoin was recently $83,485, unmoved over a 24-hour period but up 8% over the past 30 days after having its best quarter in years. Its surge in August and September has led a number of analysts to declare the bear market is over.  

“If buying demand continues to improve while exchange supply remains low, BTC could benefit from a supply-demand imbalance, creating favorable conditions for a longer-term upward trend,” the report by on-chain researcher Rei Researcher read. 

It added: “More importantly, in recent weeks, bitcoin has recovered from its lows while exchange reserves have continued to decline. This is a notable development, suggesting that the supply readily available for trading is decreasing even as the market recovers.”

The report further noted that it was possible investors were taking bitcoin off exchanges to put in cold storage solutions. 

Bitcoin’s price was mostly trading under $65,000 for the first half of 2026. The coin spent most of this year in a bear market following the all-time high of $126,080 it hit in October 2025. 

But that all changed in August. News that the U.S. Treasury would double the size of its liquidity-support buyback operations, weakening the dollar but strengthening bitcoin and other non-yield bearing assets. 

Now, the so-called debasement trade — where investors throw money at an asset to hedge against a currency losing its value — is hot again. Bitcoin is benefiting from the trade, analysts say, as it did in 2024 and 2025. 

Bitcoin’s price is still more than 30% below its record. 

This post The Amount of Bitcoin on Exchanges Is Shrinking. Is a Rally Imminent? first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

CryptoQuant: BTC “Bull Run Has Started” – 3x to 5x Cycle Outlook | Ki Young Ju

Is the next Bitcoin move a 10x or a 3 to 5x? CryptoQuant founder Ki Young Ju says he expects about 3 to 5x from the lows, not another 10x, because institutional ETF and custody flows dampen volatility. He explains why he thinks the bear market ended this summer and what on-chain data is showing right now.

Chapters:
0:00 What On-Chain Data Shows: Fresh Capital and No More Whale Selling
1:44 The Bear Market Is Over: 3 to 5x, Not Another 10x
3:19 The PNL Index and ETFs as the Cycle’s Liquidity Channel
5:39 ETF Cost Basis in the Low-to-Mid $80Ks: The Institutional Bull-Bear Line
6:18 How Institutions Changed On-Chain Analysis: Custodial and Accumulation Wallets
9:18 Nearly $700 Billion in Realized Cap and Trillions Next Cycle
10:36 Who Is Buying? Reading Coinbase’s Wallet Flows
13:35 Top Signals: Behavioral, Not Price Levels
15:22 Is the Four-Year Cycle Invalidated?
16:31 Miner Costs and What They Imply for Price

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post CryptoQuant: BTC “Bull Run Has Started” – 3x to 5x Cycle Outlook | Ki Young Ju first appeared on Bitcoin Magazine and is written by Patrick Green.

In a major development confirmed on SEPTEMBER 29, 2026, Confirmed announcement/filing for CryptoQuant Warns Bitcoin Unrealized Profit Hits 21-Month High Of 54%. This operational move highlights expanding activity across the digital asset ecosystem and underscores key developments for market participants.

Key Operational Milestones & Context

According to primary regulatory and corporate filings verified on SEPTEMBER 29, 2026, this development introduces crucial infrastructure enhancements. Industry leaders note that maintaining robust compliance, security, and market liquidity remains essential as digital asset services integrate into broader institutional frameworks.

The transition reflects a strategic pivot toward scalable, transparent operations. Analysts emphasize that ongoing technological upgrades will play a central role in sustaining user confidence and market stability over the coming quarter.

Market Outlook and Industry Impact

As institutional participation accelerates across global markets, this landmark event sets a notable precedent. Traders and investors are closely evaluating liquidity signals and collateral flows following the announcement.

For complete details and primary verification, the official release is accessible via the primary source link: CryptoQuant Warns Bitcoin Unrealized Profit Hits 21-Month High Of 54% Official Disclosure.

Bitcoin Magazine

Stretched Profits and Cooling Demand Put Bitcoin Rally on Pause — For Now: Report

Bitcoin’s recent run may be slowing down — but that doesn’t mean it isn’t in a bull market. 

That’s according to a new report by data analytics firm CryptoQuant, which said signs of profit-taking were appearing. 

Bitcoin’s price recently stood at $82,939, down nearly 4% over a seven-day period, after surging to an eight-month high of $87,251 last week. 

Last week’s surge led CryptoQuant to declare that the coin was in a bull market. The reason: the leading cryptocurrency crossed above its 365-day moving average — the “definitive technical signal” that has marked the start of Bitcoin’s bull markets in past cycles, according to the firm. 

But short-term traders — who hold coins for one to three months — are sitting on an average unrealized profit of about 33%, CryptoQuant added. That’s the highest since December 2024, and margins that high have historically tempted people to sell.

The report noted that holders last week realized 25.7K BTC in profit, the largest single day of 2026, one day after bitcoin’s price smashed the eight-month high. 

CryptoQuant added that while bitcoin’s price still has room to run, the rally is losing steam and a near-term correction looks increasingly likely.

While CryptoQuant didn’t predict how far the bitcoin price could fall, it did identify three support levels where a correction could find a floor: the 365-day moving average at about $80,000, the 200-day moving average at about $71,000, and traders’ on-chain realized price at about $67,000.

As long as these levels hold, the firm said, a pullback would be a healthy consolidation within a young bull market rather than a trend reversal.

Bitcoin notched a record of $126,080 in October of last year but then began to sink later that month after the biggest liquidation event in crypto history saw over $19 billion in bets closed. 

In the first half of this year it continued its plunge after the Federal Reserve made it clear it was in no hurry to lower interest rates and investors increasingly threw money at artificial intelligence-related stocks to get returns. 

But the so-called debasement trade — where investors throw money at an asset to hedge against a currency losing its value — is hot again after total U.S. debt topped $40 trillion for the first time in July. 

Bitcoin and precious metals like gold have done well in the past when the dollar has weakened. 

This post Stretched Profits and Cooling Demand Put Bitcoin Rally on Pause — For Now: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.