The Week On-chain Newsletter New Year Opens Sideways Bitcoin has opened the new year quietly, with lacklustre demand for blockspace, despite bullish undertones in macro supply dynamics.
The Week On-chain Newsletter The Week Onchain (Week 52, 2021) Bitcoin closes the year up 78%, having experienced a tumultuous, and volatile 2021. We provide a macro review of 2021 across the onchain, exchange, derivatives, and mining markets.
The Week On-chain Newsletter The Week Onchain (Week 48, 2021) The market continues to drawdown this week, despite Short- and Long-Term investors holding more profitable supply than the recent correction in September.
The Week On-chain Newsletter The Week Onchain (Week 46, 2021) Bitcoin breaks to new all-time-highs as the on-chain dynamics reach an inflection point. We analyse changes in spending patterns, and identify tools for navigating bull market tops.
The Week On-chain Newsletter The Week Onchain (Week 45, 2021) Bitcoin investor conviction appears to be at all-time-highs, alongside numerous metrics ranging from price, to hash-rate, to proportion of mature coin supply.
The Week On-chain Newsletter The Week Onchain (Week 43, 2021) Bitcoin rallies to new ATHs alongside the launch of the first futures backed ETF. Long-term Holders are taking modest profits, however are slowing spending during the dip.
The Week On-chain Newsletter The Week Onchain (Week 42, 2021) Bitcoin breaks above $60k and approaches its all-time price high. Long-Term Holders begin to realise modest profits as Options volumes explode higher.
The Week On-chain Newsletter The Week Onchain (Week 41, 2021) Underlying on-chain fundamentals continue to paint a bullish picture for Bitcoin, as leverage and futures premiums increase in derivatives markets.
The Week On-chain Newsletter The Week Onchain (Week 40, 2021) The Bitcoin price has rallied strongly out of a zone of heavy accumulation, seeing around $1.75B worth of capital inflows per day.
The Week On-chain Newsletter The Week Onchain (Week 39, 2021) Exploring the bull and bear cases for the current market structure, as well as a deep dive into our new Lightning Network metrics.
The Week On-chain Newsletter The Week On-chain (Week 38, 2021) Bull market Bitcoin buyers take modest profits this week, whilst exchange balances continue to decline, and miner hash-rate recovery continues.
The Week On-chain Newsletter The Week On-chain (Week 37, 2021) We assess the market response of Bitcoin traders and investors following a week of volatility lead by derivatives markets.
The Week On-chain Newsletter The Week On-chain (Week 36, 2021) The Bitcoin market shows continued strength, as on-chain volumes indicate a growing dominance, and stickiness of institutional transaction sizes and capital inflows.
The Week On-chain Newsletter The Week On-chain (Week 35, 2021) An on-chain divergence has developed between price, on-chain activity and supply dynamics, creating a market structure similar to an early bull impulse.
The Week On-chain Newsletter The Week On-chain (Week 34, 2021) Bitcoin has continued to rally to new multi-month highs despite an uptick in distribution, spending by older coins, and a divergence in on-chain activity.
The Week On-chain Newsletter The Week On-chain (Week 33, 2021) The Bitcoin market powers higher, supported by a growing body of evidence on-chain that a bullish disbelief rally is in effect.
The Week On-chain Newsletter The Week On-chain (Week 32, 2021) The market rallies higher as indications of a Bitcoin on-chain supply squeeze take shape, and Ethereum successfully rolls out EIP1559.
The Week On-chain Newsletter The Week On-chain (Week 31, 2021) As the Bitcoin market rallies over $42k, we analyse the spending and accumulation behaviour of entities on-chain.
The Week On-chain Newsletter The Week On-chain (Week 30, 2021) The Bitcoin market has experienced a strong rally off the back of a short squeeze returning many coin holders to profitability.
The Week On-chain Newsletter The Week on-chain (Week 29, 2021) As the probability for high Bitcoin market volatility increases, we analyse the Bull and Bear cases using market and on-chain metrics.
The Week On-chain Newsletter The Week On-chain (Week 28, 2021) The Bitcoin market squeezes into a tight trading range and we assess a range of market indicators for sentiment and volatility triggers.
The Week On-chain Newsletter The Week On-chain (Week 27, 2021) The Great Hash-power Migration is underway as an estimated 50% of Bitcoin miners are offline and on the move. We assess the magnitude of this event observed in the on-chain data.
The Week On-chain Newsletter The Week On-chain (Week 26, 2021) The Bitcoin market continues to fight for support as mining sell pressure increases, institutional demand remains slow, and a second capitulation occurs.
The Week On-chain Newsletter The Week On-chain (Week 25, 2021) On-chain activity has fallen back to levels not seen in twelve months, just as a seismic shift in Bitcoin hash-rate commences in China.
The Week On-chain Newsletter The Week On-chain (Week 24, 2021) Bitcoin becomes legal tender in El Salvador, whilst the market remains uncertain over macro direction. On-chain, Long and Short term investors are taking opposing sides of the trade.
