# CryptoQuant analytics platform overview and key on‑chain metrics

**Published:** 2026-08-12T02:55:47.668Z  
**Topic:** On Chain Analysis  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/2ce3b1b2-9906-4338-9fdb-3c982d7e7e01

CryptoQuant provides on‑chain data like MVRV ratios and weekly reports used to gauge Bitcoin and Ethereum market health; see its latest metrics and where to

CryptoQuant’s on‑chain analytics flagged that Bitcoin’s market‑value‑to‑realized‑value (MVRV) Z‑score remains above the negative zone that historically signals a bottom, while Ethereum’s MVRV ratio has slipped to roughly 0.65, indicating cheaper valuation relative to Bitcoin【3】.

| At a glance | |
|---|---|
| Platform | CryptoQuant on‑chain analytics |
| Core metric (BTC) | MVRV Z‑score above zero (no “iron bottom” yet)【4】 |
| Core metric (ETH) | MVRV ratio ~0.65, 17% below realized price【3】 |
| Weekly output | “Quicktake” blog and weekly reports cited by media【3】【4】 |

## On‑chain metrics that matter
CryptoQuant tracks the market‑value‑to‑realized‑value (MVRV) ratio for both Bitcoin and Ethereum, a key gauge of whether a token is over‑ or undervalued. For Bitcoin, the platform notes that the MVRV Z‑score has cooled but has not entered the negative, “undervalued” zone that preceded past bear‑market bottoms, such as the 2022 dip【4】. For Ethereum, the latest data show the MVRV ratio has retreated from earlier overvaluation levels to about 0.65, a figure historically associated with market bottoms when ETH trades below its realized acquisition cost【3】.

## How the data are used
CryptoQuant’s numbers are regularly quoted in market commentary. Its weekly “Quicktake” blog set a $55,000 “iron bottom” target for Bitcoin based on the MVRV Z‑score trend, while its ETH analysis highlighted two of five bottom‑indicating metrics reaching historical reversal levels, though three remain pending【3】【4】. Analysts also reference CryptoQuant’s exchange‑flow and staking figures: for example, a record 34% of ETH’s circulating supply is now staked, a factor that can ease short‑term selling pressure【3】.

## Tokenomics context
The platform’s metrics tie directly to on‑chain activity. Ethereum’s price sits roughly 17% below its realized price of about $2,300, a gap that historically aligns with undervaluation periods【3】. Meanwhile, Bitcoin’s MVRV Z‑score, which compares market cap to realized cap and normalizes by standard deviation, remains in a “cooling” phase rather than the deep negative values seen at previous bottoms【4】.

## What to watch
- Bitcoin MVRV Z‑score crossing into negative territory, a traditional signal of a market bottom.  
- Ethereum MVRV ratio moving below 0.60, which would align with deeper undervaluation levels seen in past cycles.  
- Changes in ETH staking participation, especially if the staked supply exceeds the current 34% benchmark.

CryptoQuant’s data underscore that while Bitcoin’s valuation metrics suggest a market still above historic bottom levels, Ethereum appears closer to a potential turning point, leaving both tokens’ next moves tied to on‑chain activity rather than price alone.

## Sources
1. CoinTelegraph — [Crypto Biz: The cost of stacking sats](https://cointelegraph.com/news/cryptoquant-strategy-bitcoin-cboe-perpetual-futures-chainlink-stablecoin-fx)
2. CoinTelegraph — [EUR trading accounts for 1% of Binance spot volume, CryptoQuant says](https://cointelegraph.com/news/eur-trades-binance-spot-volume-cryptoquant)
3. CoinTelegraph — [Ethereum nears market bottom against Bitcoin, though key signals remain unconfirmed: CryptoQuant](https://cointelegraph.com/news/ethereum-nears-market-bottom-against-bitcoin-key-signals-remain-unconfirmed-cryptoquant)
4. CoinTelegraph — [Bitcoin analysis sees $55K BTC price 'iron bottom' by December 2026](https://cointelegraph.com/markets/bitcoin-analysis-sees-55k-btc-price-iron-bottom-by-december-2026)

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Cite as: TrendWatcher, "CryptoQuant analytics platform overview and key on‑chain metrics", https://www.trendwatcher.in/article/2ce3b1b2-9906-4338-9fdb-3c982d7e7e01