Insights No, Bitcoin Ownership is not Highly Concentrated – But Whales are Accumulating We analyze the distribution of Bitcoin across network participants, and show that BTC ownership disperses over time and is much less concentrated than often reported. Meanwhile, BTC supply held by whales has recently increased, suggesting institutional investors are entering.
Analysis 78% of the Bitcoin Supply is Not Liquid Quantifying the amount of liquid and illiquid BTC supply and its relationship to Bitcoin's price.
Insights Long-Term Holders Are Selling BTC: Why This Is A Bullish Signal On-chain metrics show that older coins are being sold as BTC's price increases, indicating that long-term holders are realizing profits. But while this might seem alarming, this trend has historically been extremely bullish.
Insights Quantifying Short-Term and Long-Term Holder Bitcoin Supply We introduce a new methodology to classify Bitcoin supply owned by long-term investors and short-term traders, and create a set of on-chain metrics that show when these two investor types are in a state of profit or loss.
Insights How DeFi is Driving The Spike in Ethereum's Gas Price The amount of fees being spent on Ethereum has reached an all-time high. What is driving this gas price spike, and what part do arbitrage bots have to play?
Insights New Bitcoin Whales: Where Are They Coming From? Bitcoin's whale population is on the rise for the first time since 2016. Where are these whales coming from, and are they hoarding more BTC than ever?
Insights What Are Ethereum Users Paying Fees For? An on-chain analysis on how fees are distributed across distinct transaction categories in the Ethereum network.
Analysis Introducing Account-Based On-Chain Metrics for Bitcoin and Ethereum Effectively mapping UTXO-based on-chain metrics to improved account-based versions for Bitcoin and Ethereum.
Insights The Number of BTC On Exchanges Is Down Almost 7% Following the recent price crash, the balance of BTC on exchanges has decreased by almost 7%, despite unusually large exchange deposits.
Insights Bitcoin Sees Largest Ever Decrease In Absolute Hashing Power Bitcoin's difficulty is set to experience one of its largest ever decreases as hashing power leaves the network. How will BTC respond to this?
Analysis An On-Chain Distribution Analysis of Kyber Network Crystal (KNC) An in-depth look into the KNC ecosystem; exploring recent growth, exchange balances and a broad token holder distribution analysis.
Insights What The Upcoming Dilution Means For The Price Of MKR The MKR Debt Auction on 19 March will see the token supply diluted as more MKR are minted. What will this do to the price of MKR?
Insights What Really Happened To MakerDAO? Black Thursday: The sell-off of 12 March resulted in $4.5 million of unbacked DAI in the MakerDAO system. What really happened?
Analysis Breaking up On–Chain Metrics for Short and Long Term Investors We introduce variations of the SOPR and MVRV on-chain metrics that serve as indicators to assess the behaviour of short and long term investors.
Analysis Over 75% of Bitcoin’s On–Chain Volume Doesn’t Change Hands Using advanced entity–adjusted metrics we assess Bitcoin's true transfer volume and show that only up to 25% of BTC moved on–chain actually changes owners.
Analysis How Many Entities Hold Bitcoin? Introducing a New Generation of Entity–based On–chain Metrics Using Clustering and Advanced Data Science that Quantifies the Number of Bitcoin Holders.
Analysis Dissecting Bitcoin’s Unrealised On–Chain Profit/Loss Introducing a New Set of Metrics to Help Time Bitcoin Market Cycles
Analysis Assessing the Distribution of ERC20 Tokens on the Ethereum Network On-Chain Metrics Show Highly Uneven Token Distribution Across ERC20s
Analysis Asymmetric Correlations of On–Chain Activity: Using Litecoin when Sending Bitcoin Becomes Expensive Asymmetric on-chain data correlations show significant increases Litecoin network activity as a result of increased Bitcoin transaction fees.
Analysis An On-Chain Distribution Analysis of Chainlink (LINK) In this report we take an in-depth look into the LINK ecosystem; exploring the recent team sell-offs, exchange balances and do a broad token holder distribution analysis.
Product Introducing Live SOPR (Spent Output Profit Ratio) Announcing the launch of SOPR on Glassnode Studio.
Analysis An On-Chain Distribution Analysis of Basic Attention Token (BAT) An on-chain analysis of Basic Attention Token (BAT) giving insights to the distribution of BAT funds across the network and showing that the richest 1% hold 87% of funds.
