Quant price spikes as exchange supplies hit multi‑month lows
Quant’s native token QNT has staged a sharp rally, climbing to its highest level since October 10 as coins leave centralized exchanges and derivatives activity accelerates. The move has pushed the token back to the psychologically important 100‑dollar area, making it one of the strongest large‑cap performers on November 28.
The latest upswing coincides with a steep drop in QNT balances held on exchanges. On‑chain data from analytics providers shows that the amount of Quant available for immediate sale has fallen to roughly 3.06 million tokens, down from more than 3.6 million in June. At current prices, that implies more than 53 million dollars’ worth of QNT has been withdrawn from trading venues in recent months.
Shrinking exchange reserves are typically interpreted as a bullish signal: investors and long‑term holders are moving coins into self‑custody rather than keeping them on exchanges where they can be sold at a moment’s notice. This shift often reflects growing conviction in the asset’s medium‑ to long‑term prospects and can contribute to a supply squeeze when fresh demand appears.
At the same time, interest in QNT’s derivatives market has started to recover. Open interest in Quant futures has bounced back to around 20 million dollars, the highest reading since October 10. That date coincided with one of the heaviest liquidation events in the broader crypto market this year, which flushed out leveraged positions across multiple assets.
Since hitting a weekly low near 11 million dollars in open interest, QNT’s derivatives exposure has steadily rebuilt. Rising open interest, when paired with upward price action, suggests that new capital is entering the market on the long side rather than simply shorts being squeezed out. Derivatives traders are clearly re‑engaging with the asset after a period of caution.
RWA narrative puts Quant back in focus
Beyond short‑term trading dynamics, Quant has benefited from renewed excitement around real‑world asset (RWA) tokenization. The project is widely categorized as an RWA‑oriented protocol because of its flagship product, Overledger, which is already being used in enterprise settings, including by major technology companies such as Oracle.
Overledger is designed as an interoperability layer that allows communication and value transfer between different blockchains, as well as between blockchain networks and traditional financial infrastructure. Instead of being yet another standalone chain, Overledger acts as connective tissue, making it easier for institutions to integrate distributed ledger technology without overhauling their existing systems.
Compared with interoperability solutions like Chainlink’s CCIP, Overledger positions itself as a more generalized operating environment for complex, multi‑network workflows. It aims to support a wide range of use cases—from tokenized bonds and digitized invoices to cross‑border payments and regulated stablecoins—while abstracting away the technical differences between blockchains.
Building on Overledger, the team has launched QuantNet, which it describes as an operating system for the emerging RWA economy. QuantNet is intended to solve one of the sector’s core pain points: fragmentation. Today, tokenized assets, on‑chain money, and legacy payment rails largely exist in silos. QuantNet seeks to connect them through a single layer, allowing banks, fintechs, and enterprises to plug into tokenized instruments without reinventing their infrastructure from scratch.
This RWA thesis has become one of the most closely watched themes in digital assets. With governments and global institutions experimenting with tokenized government bonds, money‑market funds, and bank deposits, investors are scouting for infrastructure plays that can capture that growth. Quant’s positioning within this niche helps explain why long‑term holders appear comfortable withdrawing coins from exchanges and locking them away.
Technical picture: breakout after double bottom
From a technical analysis standpoint, QNT’s daily chart has flipped from a defensive to an offensive posture. After an extended pullback, the token formed a double‑bottom pattern around 68.87 dollars—traditionally viewed as a bullish reversal structure. The neckline of this formation sits near 97.85 dollars, which was the local high recorded on November 13.
In recent sessions, Quant has not only retested that neckline but also pushed through the upper boundary of a descending channel that had contained price action for weeks. Breaking out of that channel signals that the downtrend may have exhausted itself and that buyers are gradually regaining control.
Supporting this view, QNT has climbed back above its 50‑day and 100‑day Exponential Moving Averages. When price trades above these key moving averages, it often indicates a shift in momentum from bearish to bullish, especially if the shorter‑term EMA starts to curl upward and approach a bullish crossover with the longer‑term one.
If bulls maintain this momentum, analysts are eyeing the 120‑dollar area as the next major resistance. That zone sits roughly 28 percent above current levels and represents a logical target based on previous price congestion and the measured move implied by the double‑bottom breakout. A clean break and consolidation above 120 dollars could open the door to a more extended rally, while failure there might spark another corrective phase.
What shrinking exchange reserves could mean for QNT
The drop in exchange balances has several potential implications for QNT’s price behavior going forward:
1. Reduced immediate selling pressure
With fewer tokens sitting on exchanges, there is less inventory that can be rapidly dumped in response to negative news or macro shocks. This can dampen the severity of sudden sell‑offs, although it does not eliminate them entirely.
2. Higher sensitivity to new demand
When circulating supply on exchanges is thin, even a modest influx of buyers can push the price up more aggressively. This dynamic is often behind sharp, low‑liquidity rallies during early stages of new market cycles.
3. Greater importance of derivatives positioning
As spot liquidity tightens, futures and perpetual swap markets can exert a stronger influence on short‑term price swings. If open interest continues to climb and leverage builds, QNT could see more volatile moves as funding rates oscillate and positions are liquidated.
4. Potential for supply squeezes
If large holders continue to accumulate while retail demand re‑enters, the combination of limited exchange float and rising appetite can trigger supply squeezes—rapid up‑moves that force short‑sellers to cover at higher and higher prices.
Key factors to watch for QNT investors
For traders and longer‑term investors tracking Quant, several metrics and developments are likely to be especially important in the coming weeks:
– Exchange flows: Continued net outflows would reinforce the bullish case, while a sudden surge in deposits could signal that large holders are preparing to take profits.
– Futures funding and liquidations: Persistently high positive funding rates might indicate overcrowded long positioning, which can precede sharp pullbacks. Conversely, healthy but moderate funding is more sustainable.
– Enterprise adoption updates: Announcements regarding new Overledger or QuantNet integrations with banks, fintechs, or corporates could strengthen the RWA narrative and attract fresh institutional interest.
– Regulatory signals around tokenization: Clarity from regulators on tokenized securities, bank‑issued stablecoins, and on‑chain funds will heavily influence how quickly the RWA sector can scale—and, by extension, how much infrastructure providers like Quant can grow.
Risks and challenges behind the bullish narrative
Despite the recent rebound, QNT is not without risk. The project operates in an increasingly competitive environment where multiple teams are building interoperability layers, tokenization frameworks, and institutional rails. Quant must continue to demonstrate that its technology is not only robust but also easier to implement and maintain than rival solutions.
Moreover, the RWA theme itself, while promising, largely depends on traditional financial institutions moving beyond pilots into full‑scale production deployments. That process is typically slow, constrained by regulation, compliance requirements, and legacy IT systems. If adoption rolls out more gradually than the market expects, token prices can decouple from the underlying progress and experience sharp corrections.
From a market structure perspective, the recent move has happened after a period of reduced liquidity. Thin order books can exaggerate both upside and downside moves. Traders should remain aware that the same scarcity that propels prices higher can magnify drawdowns if sentiment turns or if macro conditions deteriorate.
How QNT’s story fits into the broader crypto cycle
The renewed interest in Quant illustrates a broader pattern in digital asset markets. As Bitcoin stabilizes or grinds upward, attention often shifts to thematic plays such as interoperability, RWA, artificial intelligence, and DeFi infrastructure. Capital typically flows first into the most established names within each narrative, then trickles down into smaller, higher‑beta projects.
Quant, with its enterprise‑focused branding and connections to traditional finance, naturally captures a portion of that thematic capital when tokenization comes back into the spotlight. The combination of credible partnerships, a clearly defined niche, and improving technicals makes it a candidate for renewed speculative interest as investors position for the next phase of the market cycle.
Outlook: Can QNT sustain its momentum?
Whether QNT can build on its latest surge will depend on the interplay between fundamentals, technical levels, and broader market sentiment. A sustained move above the 100‑dollar region, followed by a convincing test of the 120‑dollar resistance, would confirm that the recent breakout has legs. In that scenario, traders may begin to map out higher targets based on historical resistance zones and Fibonacci extensions.
On the other hand, if price fails to hold above the neckline near 97–100 dollars and slips back into the former descending channel, it would suggest that the rally was more of a relief bounce than the start of a new uptrend. In such a case, investors might look for support near the mid‑80s or even down toward the former double‑bottom area as potential re‑accumulation zones.
For now, the combination of declining exchange reserves, recovering futures interest, and a strengthening technical structure has shifted the balance of probabilities in favor of the bulls. As the RWA narrative continues to mature and institutional experimentation with tokenization expands, Quant will remain a project to watch—both as a bellwether for the sector and as a barometer of how quickly traditional finance is truly embracing blockchain‑based infrastructure.