The Week On-chain Ethereum's Staking Issue The Ethereum community is debating a change to the ETH monetary policy, following a proposals aimed at constraining the rapid expansion of the staking pool. This is motivated by a surge in demand for Liquid Staking and Restaking protocols.
The Week On-chain Spot Driven Rally In this edition, we analyse the surge in both spot trading, and onchain exchange volumes for Bitcoin underlying the strong YTD performance. The market has also transitioned into a euphoric phase, as profit-taking has climbed accordingly.
Finance Bridge Finance Bridge: Approaching the Halving In our April 2024 Finance Bridge, we look at the rise of Bitcoin's volatility in the past month through the lens of on-chain analytics. We also provide a status update on Glassnode's Momentum Signal framework.
The Week On-chain Liquidity Abundance As the Bitcoin Spot Price consolidates below the new ATH of $73k, the Long-Term Holder cohort has entered their distribution phase, selling to new investors at higher prices. This represents an injection of new capital into the asset class, driving the realized cap up to new heights.
The Week On-chain Taking Profit As the Bitcoin market hits resistance at a new ATH of $73k, the Long-Term Holder cohort have ramped up their overall distribution pressure. The market is currently seeing over $2.6B/day in realized profit, as investors start to take chips off the table.
Bitcoin Analysis & Research Adjusting Trading Strategies to the Upcoming Bitcoin Halving: Is This Cycle Different? This article explores how the upcoming Bitcoin halving, combined with the significant demand from ETFs, reshapes traditional trading strategies, emphasizing the need for traders to adapt to this new trading landscape.
Ethereum and DeFi Ethereum's Dencun Upgrade The Dencun upgrade has activated successfully, introducing a new architecture for Layer-2 solutions to anchor into the mainchain. It also introduces modifications to the staking pool. Both could impact Ethereum's monetary policy.
The Week On-chain Bitcoin Breaks to New Highs Bitcoin has broken to its fourth cycle all-time-high, rallying above $72k, and pushing sentiment one step closer to Euphoria. The classic wealth transfer from the HODLer cohort to speculators is now well underway, with significant upticks in spot profit taking, and demand for futures leverage.
Finance Bridge Finance Bridge: Bitcoin's New All-Time High In our March 2024 Finance Bridge we explore Bitcoin's new ATH, key volatility drivers, speculative asset interest, & ETF effects. Includes BTC halving insights & an update on Glassnode's recent momentum & risk frameworks.
The Week On-chain Bitcoin Attacks The ATH Bitcoin continues to surprise the market, with its recent rally pushing towards all-time-highs, even prior to the upcoming halving event. In this report, we assess how the demand inflows from the US Spot ETFs are interacting with the supply being released by Long-Term Holders taking profits.
Bitcoin Analysis & Research Introduction to Bitcoin Halving for Directional Traders Discover the impact of the upcoming Bitcoin halving on the supply, demand, and valuation of BTC. Learn how traders can adapt their strategies to navigate these dynamics and the Bitcoin market post halving.
The Week On-chain Speculation In Both Directions The risk appetite for Bitcoin investors is increasing, with growing signs of speculation appearing across capital flows, exchange activity, derivatives leverage, and even institutional demand.
The Week On-chain Moving Out On The Risk Curve With strong market momentum following the Bitcoin spot ETFs, several indicators are hinting at early signs of investor capital moving out on the risk curve. In this piece, we explore how capital starts to rotate through assets, by tracking asset performance, TVL, and trade volumes on DEXs.
The Week On-chain Approaching Supply Discovery Bitcoin investors have been rewarded for their patience and conviction, with BTC prices rallying to multi-year highs above $50k. The volume of supply held at a loss is also thinning quickly, with just 13% falling into this category.
Bitcoin Analysis & Research An Automated Trading Strategy Grounded in Machine Learning and On-Chain Analytics Discover how Glassnode's Data Science team used a machine learning algorithm to identify on-chain metrics with the most predictive power and subsequently used them to create a successful quantitative trading strategy.
Bitcoin Analysis & Research Featured Introducing Bitcoin Sharpe Signal: Simplifying Bitcoin Trades with Glassnode Data Discover Glassnode's Bitcoin Sharpe Signal, our proprietary trading signal based on on-chain analytics designed to minimize downside risks while capitalizing on the upward trends in the Bitcoin market.
Finance Bridge Finance Bridge: ETF Milestones, Stablecoin Surge, and Volatility Trends February's Finance Bridge examines the impact of Bitcoin ETF approvals, a surge in stablecoin supply, and emerging volatility trends. Essential insights for directional and momentum traders.
Bitcoin Analysis & Research Assessing Risk in a Bitcoin Bull On-chain data provides both investors and analysts with a plethora of new tools to diagnose and assess the state of the chain from a multitude of viewpoints. In this article, we produce a new framework for assessing the degree of market risk across various data categories.
Bitcoin Analysis & Research Tracking Market Momentum with On-chain Data On-chain data provides analysts and investors with a remarkable degree of transparency into the performance, adoption, and investor positioning within digital assets. In this piece, we highlighted several approaches and frameworks for assessing market momentum across various data categories.
The Week On-chain Featured Digesting the GBTC Overhang The Bitcoin market continues to show resilience, recovering from the initial sell-the-news drawdown following ETF approvals. In particular, the market is working through the significant supply overhead created by investors rebalancing capital out of the GBTC product since its conversion.
The Week On-chain Who's next? With the Bitcoin ETF becoming a classic sell-the-news event, we explore the market's risk appetite for tokens further out on the risk curve. There are some indicators alluding to ETH outperformance, as well as interesting divergences in altcoin price action relative to the majors.
The Week On-chain The End of the Beginning: The SEC Approves Spot Bitcoin ETFs 2024 has opened with a roller-coaster ride for Bitcoin, as ten new spot ETFs begin trading in US markets. The event was historic and chaotic, with BTC prices setting both new multi-year highs, and YTD lows. Bitcoin has welcomed traditional finance into it's world.
Bitcoin Analysis & Research Coinbase + Glassnode: The Q1 Guide to Crypto Markets The Guide to Crypto Markets is a joint publication of Coinbase Institutional and Glassnode, and aims to provide a comprehensive view of the metrics and trends that matter the most to institutional investors.
The Week On-chain 2023 Yearly On-chain Review In this last edition for the year, we will do a whirlwind tour of what changed this year, on-chain. We will explore how the Bitcoin, Ethereum, Derivative, and Stablecoin landscapes have evolved in 2023, and how this sets up the space for an exciting road ahead.
The Week On-chain Round-Trip Bitcoin performed a round-trip this week, rallying to new yearly highs before selling off back towards its weekly open. After such a powerful 2023 thus far, the rally seems to have met resistance, with several indicators suggesting a degree of near-term exhaustion.
