The Week On-chain Bulls & Bears Collide Bears are on the hunt for Bitcoin HODLers profits, whilst supply dynamics approach a new equilibrium, and derivative markets remain heated.
The Week On-chain Extreme Leverage at Extreme Depths With onchain indicators hitting significantly oversold conditions, Bitcoin futures markets see all-time-high leverage, with increased chances of volatility, and a short squeeze bias.
The Week On-chain 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 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 The Week Onchain (Week 51, 2021) Bitcoin investors are increasingly underwater, with 1-in-4 coins held at an unrealized loss. We analyse this top heavy market and what it means for sentiment moving forward.
The Week On-chain The Week Onchain (Week 50, 2021) Bitcoin bulls attempt to hold the $50k price level as strong demand pulls coins out of exchanges. However, network profitability suggests this may be the bull/bear line in the sand.
The Week On-chain The Week Onchain (Week 49, 2021) Bitcoin markets have experienced another liquidation cascade, with prices falling $8.8k in a single day, forcing closed over $5.4B worth of futures contracts.
The Week On-chain 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 The Week Onchain (Week 47, 2021) As Bitcoin's price breaks down from ATHs this week, we analyze the mechanics behind the drawdown, and its impact on the macro trend moving forwards.
Bitcoin Analysis & Research A New Experiment in Cumulative Destruction Introducing the Value of Coin-days Destroyed Multiple, a metric that uses investor spending patterns to identify overheated and undervalued markets.
The Week On-chain 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 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 The Week Onchain (Week 44, 2021) As Bitcoin consolidates after the recent all-time-high, constructive developments in both derivatives, and spot markets indicate that further upside is the most probable outcome.
The Week On-chain 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 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 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.
Bitcoin Analysis & Research Following the Smart Money: A Study of Long-Term Holders A deep dive analysis into the market psychology and fractals associated with Bitcoin Long-Term Holders.
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The Week On-chain 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 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 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 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.
Ethereum and DeFi DeFi Uncovered: DeFi Valuations Dislocate As a predominantly leverage driven correction hits the market, we continue to see expansion in DeFi protocol usage, whilst token valuations struggle to keep pace.
The Week On-chain 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.
Ethereum and DeFi DeFi Uncovered: What's Next for DeFi? NFTs continue to command an impressive lead in Ethereum ecosystem attention. We explore whether this attention is leaking back into the DeFi sector.
