The Week Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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 Onchain 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.
