The Week On-chain The Fall of FTX With the devastating collapse of the FTX exchange, the digital asset industry has experienced the most shocking insolvency of a custodian since Mt Gox. In this report, we analyze the FTX bank run, seeking of safety in self-custody, and the response of Bitcoin's strongest hands.
Bitcoin Analysis & Research Market Pulse: Vapour-liquid Equilibrium and Bitcoin Cycles In this analysis, we utilize concepts borrowed from thermodynamics, to model behaviour of Bitcoin market participants during cyclical tops and bottoms. What we seek are rapid phase changes, analogous to the transition between bull and bear market regimes.
The Week On-chain Slowly but Surely Bitcoin faces strong resistance as it approaches several key on-chain cost basis. With very early signs pointing to a a positive shift in demand, and a convergence of market acquisition prices, the Bitcoin holder-base is slowly but surely becoming saturated by those with the strongest resolve.
The Week On-chain Hammering Out The Bottom Bitcoin has rallied back above the key $20k psychological level this week, after many months of extremely low volatility. In this edition, we analyse how Bitcoin may be hammering out a near-textbook bear market floor, and what risks may lay on the road ahead.
Blog Product Update: October 2022 October was an extremely exciting month for Glassnode, as we proudly announce our acquisition of portfolio tracking and tax platform Accointing.com. This is the next step in our mission to equip investors with the best tools, data, and unparalleled insights for navigating the industry, and making data-driven decisions in
Product Featured Unlocking full-spectrum investment intelligence We are excited to announce that we have acquired portfolio tracking and tax platform Accointing.com. This is the next step in our mission to equip investors with the best tools, data, and unparalleled insights for navigating the industry, and making data-driven decisions in digital asset markets.
The Week On-chain A Case for Bitcoin Bulls and Bears As the volatility of Bitcoin markets compress to historical lows, we present both the bull and the bear case for Bitcoin. We cover the $1.5B overhang of a miner deleveraging, weak on-chain activity, persistent draining of exchanges, and unwavering HODLer conviction.
The Week On-chain A Coiled Spring The Bitcoin market is primed for volatility, with both realized and options implied volatility falling to historical lows. Futures open interest has hit new all-time-highs, despite liquidations being at all-time-lows. Volatility is likely on the horizon, and Bitcoin prices rarely sit still for long.
The Week On-chain A Calm Before The Storm In stark contrast to highly volatile equity, credit, and forex markets, Bitcoin has remained remarkably stable in recent weeks. With Bitcoin gaining ground on many traditional assets, we evaluate if true bottom formation may be in play, and adjust several metrics for the influence of lost coins.
The Week On-chain Hashrate Hits New Highs As global equity and bond markets continue to tread challenging ground, Bitcoin hashrate defies the odds, pushing to yet another all-time high. In this piece, we deep dive into the mining sector to assess whether the worst of the miner capitulation is over, or not.
Blog Product Update: September 2022 September was an extremely exciting month for Glassnode, engaging our entire team from engineering, data scientists, and analysts, to deploy a brand new suite of Ethereum Merge and Proof-of-Stake metrics. A brief summary of the metrics, content, and product releases for the month are as follows: * Week-on-Chain Newsletters (4x) * New
The Week On-chain The Great Detox Bitcoin has once again rejected below the psychological $20k region, plunging Short-Term Holders into severe unrealized loss. However, HODLers remain steadfast, with numerous metrics displaying a full cycle detox.
Product Product Update: August 2022 August has been another busy month for Glassnode metric, content, and product releases. A brief summary for the month is as follows: * Week-on-Chain Newsletters (5x) covering the bear market rally, and speculation on the Ethereum Merge in derivatives markets. * New Assets Supported (4x): APE, SHIB, SAND and stETH * Ethereum transaction
Bitcoin Analysis & Research Cycle Top/Bottom Detection: Utilizing Drilling Concepts in On-chain Analysis In this Market Pulse, we leverage principles used in Bitcoin behavioural analysis to develop a framework analogous to Measurement While Drilling (MWD) methods. The goal of this framework is to measure investors' resilience to price volatility, and develop a cycle extreme detection model.
The Week On-chain The Merge: A Feat of Engineering This week saw the successful deployment of one of the most impressive feats of engineering in the blockchain industry: The Ethereum Merge. We explore it as it happened, on-chain.
Ethereum and DeFi CoinMarketCap + Glassnode: Analysing the Ethereum Beacon Chain With the Ethereum Merge on the horizon, we present a suite of new metrics which describe Proof-of-Stake consensus, and profile the performance of the Beacon Chain since genesis in a new report with CoinMarketCap.
The Week On-chain A Rally Off the Bear Market Lows After the market rejected a rally to $24.5k, Bitcoin prices have dropped to $18.5k setting the second lowest low of the bear cycle. This has plunged over 11.8% of the supply back into an unrealized loss, allowing us to survey the risk of downside, and the possibility of bottom formation.
The Week On-chain A Trial by Fire Amidst a persistent contraction in global liquidity, Bitcoin Short-Term Holders find themselves under immense pressure, with Bitcoin markets struggling to hold the psychological $20k support level.
The Week On-chain Bitcoin Barely Hanging On Near-term weakness continues to haunt numerous Bitcoin fundamentals, with prices faltering amidst minimal excess sell-side pressure. Investors who are spending appear to be taking advantage of any and all exit liquidity offered.
The Week On-chain A Bear Market Mirage The Bitcoin market recently experienced a wave of short relief, with prices trading above the Realized Price for 23 consecutive days. However, weakness in the underlying network activity has manifested as a sell-off this week, with prices falling once again below this key cost basis level.
The Week On-chain The Coin Maturity Gauntlet During the recent capitulation event, Bitcoin migrated from weaker hands, to those stepping in at the lows. In this edition, we explore how we can assess the migration of conviction by use of coin age bands.
The Week On-chain Betting on the Merge As Bitcoin and Ethereum derivative markets mature, sophisticated trade positions can be established using both options and futures. The Ethereum Merge presents an opportunity to observe such market positioning at a large scale.
Bitcoin Analysis & Research Market Pulse: Are Bitcoin Long-Term Holders Spending Their Coins? As the market rallies from the recent lows, we inspect whether Bitcoin Long-Term Holders are taking the opportunity to exit positions at or above their aggregate cost basis.
The Week On-chain Beginnings of a Bear Market Rally? Both BTC and ETH have rallied, coming off extremely oversold conditions, and spurred on by risk-on sentiment following the July FOMC meeting. Attention now turns to whether it is a bear market relief rally, or the start of a sustained bullish impulse.
Bitcoin Analysis & Research CoinMarketCap + Glassnode: A Challenging Bear Market The 2022 bear market has been exceptionally challening for digital asset investors, with Bitcoin and Ethereum down 75% to 85% from the ATHs. In this report with CoinMarketCap Research, we explore the mechanics and performance of BTC, ETH and the wider digital asset ecosystem in 2022.
