The Week On-chain Navigating Post-ATH Trends Bitcoin's rally to the $99.4k ATH moved investor holdings to extreme profit levels, resulting in a sharp redistribution of supply. Several risk metrics are elevated and signalling caution, while realized profits and funding rates are starting to cool down, hinting at a period of consolidation.
Bitcoin Analysis & Research Featured Introducing Investor Cost Basis On-Chain We introduce the Cost Basis Distribution (CBD), a novel metric that helps identify key accumulation and distribution zones, tracks their evolution over time, and offers a data-driven framework for understanding critical price levels derived from on-chain data.
The Week On-chain Touching Distance Following a flurry of consistent new ATHs, Bitcoin is just a stone's throw away from reaching a price of $100k per coin. Explosive price action tends to result in a significant increase in the unrealized profit of holders, and Long-Term Holders are ramping up their distribution in response.
Product BTC active addresses accelerate - what about TON, BNB, and SOL? Glassnode now supports SOL, BNB and TON metrics, enabling ecosystem analysis across chains. Read below to see how you can perform a simple yet effective comparative analysis of key fundamental data with Bitcoin's $100K milestone as a backrop.
The Week On-chain Riding the Liquidity Tide Bitcoin continues to relentlessly establish new ATHs, supported by robust capital inflows from both ETFs and the Spot Market, with over $62.9B entering the market over the last 30 days. As the market proceeds to heat up, Long-Term Holder spending begins to rise in tandem.
Bitcoin Analysis & Research Fasanara Digital + Glassnode: Institutional Perspectives on Digital Assets As Bitcoin nears $90K and institutional demand surges, Glassnode’s Q4 2024 Digital Asset Report with Fasanara Digital offers guidance on the bull market, covering spot market dynamics, ETF inflows, and capital rotation. Download now for actionable analytics.
The Week On-chain Trumping to a New ATH Bitcoin’s rally to a new ATH is driven by strong spot demand and institutional inflows, with over 95% of supply in profit. This article explores on-chain indicators, highlighting robust spot buying momentum, rising ETF AUM, futures premiums, and the potential for sustained gains in this ATH phase.
The Week On-chain Bitcoin Breaks To New ATHs In the wake of the highly anticipated US Presidential Election, Bitcoin has broken to a new ATH of $75.4k. Under the surface, volatility continues to brew across option markets while on-chain capital inflows continue to expand, suggesting a persistent inflow of new demand.
The Week On-chain A Stones Throw The Bitcoin spot price has continued to march higher, trading up to $69k, only 6.8% below the ATH. The price uptick has broken through several critical levels using technical and on-chain inputs. This is one of the first signs of positive price momentum since late June.
Bitcoin Analysis & Research Featured Coinbase + Glassnode: The Q4 2024 Guide to Crypto Markets In the Q4 'Guide to Crypto Markets' by Glassnode and Coinbase Institutional, we highlight growing institutional engagement in Bitcoin ETFs, the surge in Ethereum staking, and the expanding role of stablecoins as key drivers of market activity.
The Week On-chain The Eye of the Storm A notable divergence between supply and demand is emerging, with the market being range-bound for over seven months. With low volumes across on-chain and futures markets and a HODLer-dominated environment, the scene is set for heightened volatility in the near future.
The Week On-chain Revisiting the Mean Following a 10% price correction, the Bitcoin market has rebounded back to the $63k level, in an attempt to reclaim the critical Short-Term Holder cost-basis.
The Week On-chain Higher High For the first time since the ATH, Bitcoin has established a new technical higher high, as price bounced into the $66k region. Alongside this, there is a multitude of critical on-chain metrics that have also set higher highs, making this an interesting moment in time.
The Week On-chain Tracing Capital Flows In the wake of the Federal Reserve's 0.5% interest rate cut, Bitcoin has reclaimed the Short-Term Holder cost basis of ~$61.9k. This rally could achieve technical significance if the price also holds above the 200-day moving average at $63.9k.
The Week On-chain A Stagnant Market The Bitcoin market is currently experiencing a period of stagnation, with both demand and supply sides showing signs of inactivity. The market is characterized by minimal capital inflows and outflows, as the stagnant Realized Cap indicates.
Ethereum and DeFi Featured Pioneering On-Chain Analysis for the Ethereum Ecosystem With the addition of more than 500 new ERC-20 tokens, we are expanding our asset range and introducing more granular metrics to provide deeper insights across the Ethereum ecosystem.
The Week On-chain A Network Overview The competitiveness of the Mining landscape and their conviction in the Bitcoin Network continues to rise, with the Hash Rate blasting towards new ATHs. However, investors remain unconvinced in the short term, with exchange-related onchain volumes beginning to languish.
The Week On-chain Short-Term Holder Stress The Bitcoin market has continued to experience downward pressure over recent months despite the average Bitcoin investor remaining profitable overall. However, the Short-Term Holder cohort remains heavily underwater on their holdings, making them a source of risk for the time being.
The Week On-chain A Return to Equilibrium Market speculation remains relatively subdued for Bitcoin, with investors locking in only marginal profit and losses, and a reset across perpetual swap markets. Historically, periods of quiet and calm market structure are short-lived, and often precede an expectation for heightened volatility.
The Week On-chain New Investors Pain Cycle Bitcoin, as the leading digital asset, continues to see its dominance expand, now commanding a staggering 56% of the total market capitalization. Supporting this, Bitcoin Long-Term Holders remain steadfast in their conviction, with significant accumulation pressure below the surface.
The Week On-chain A Return to HODLing With the market currently digesting the largest downtrend of the cycle, indecision amongst digital asset investors remains apparent. However, below the surface, a distinct return to HODLing and accumulation appears to be underway.
The Week On-chain Mid-Cycle Wipeout August has already been a exceptionally eventful month across both equity and digital asset markets, after a “correlation-1” event sparked a major market sell-off. Bitcoin has been no exception, recording its largest drawdown of the cycle, causing capitulation amongst Short-Term Holders.
The Week On-chain Facing Mt. Gox Distribution After more than a decade of legal process, the long awaited creditor distribution of the Bitcoin recovered from the Mt.Gox exchange collapse is underway. From a psychological perspective, this represents the final chapter in what has been a major market overhang over the industry since 2013.
Bitcoin Analysis & Research Featured Coinbase + Glassnode: The Q3 Guide to Crypto Markets In the Q3 'Guide to Crypto Markets' by Glassnode and Coinbase Institutional, we provide an update on the market cycle, show how demand from spot Bitcoin ETFs altered the crypto landscape, and delve into key on-chain activity metrics.
The Week On-chain Testing The Range Bands Bitcoin prices have rebounded strongly, rallying over $68k and catalyzing an uptick in perpetual futures activity. The appreciation in price has also provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit.
