Bitcoin Analysis & Research Mastering the MVRV Ratio The MVRV Ratio is one of the most popular and widely used on-chain metrics, however, much of the power of MVRV is rarely put to use. In this paper, we will explore how MVRV can be supercharged to find cycle extremes, identify market trends, and get advanced warning of sell-side distribution.
Bitcoin Analysis & Research Ordinal Theory and the Rise of Bitcoin Inscriptions Recent weeks have seen an very unexpected trend emerge on the Bitcoin network, being the permanent and immutable inscription of data, directly into the Bitcoin blockchain. Data files that have been inscribed range from images, to audio clips, and even a version of the video game Doom. This event has
Bitcoin Analysis & Research Ten Indicators for Tracking a Bear Market Recovery Identifying cycle changes is no easy feat, and there remains no single silver bullet to accomplish this task. In this report, we explore a suite of ten indicators which provide a useful toolbox for navigating these later stages of Bitcoin bear markets.
Bitcoin Analysis & Research Introducing Proof-of-Reserve Exchange Metrics We introduce an array of proof-of-reserve metrics to easily monitor the balances of exchanges' on-chain reserves held in self-reported addresses.
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.
Bitcoin Analysis & Research A Bear of Historic Proportions 2022 has been a tough year for Bitcoin and Ethereum, with valuations being hit hard and fast. With the extensive duration , and scale of capital destruction of the prevailing, it can reasonably be argued that 2022 is the most significant bear market in digital asset history.
Bitcoin Analysis & Research Exchanges on the Road to SegWit Adoption: on Pioneers, Stragglers and Holdouts We take the recent release of Taproot as opportunity to investigate ways to measure the adoption of SegWit-related Bitcoin improvements in a meaningful way; simultaneously, we put a spotlight on exchanges and their SegWit adoption.
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.
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.
Bitcoin Analysis & Research Surveying the May 2021 Sell-off After one of the most dramatic sell-offs in Bitcoin history, the conviction of investors has been put to the test, and we assess the markets response on-chain.
Bitcoin Analysis & Research Bitcoin's On-chain Market Cycles All market cycles are unique, but the human response to profit, loss and incentives can be strangely predictable. The trick is knowing what to look for in the data, on-chain.
Product Bitcoin On-Chain Exchange Metrics: The Good, The Bad, The Ugly In the present work, we give insights into the importance of analyzing exchange activity, the processes of accurately tracking exchange addresses, and the caveats that come with exchange data.
Bitcoin Analysis & Research Featured 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.
Bitcoin Analysis & Research 78% of the Bitcoin Supply is Not Liquid Quantifying the amount of liquid and illiquid BTC supply and its relationship to Bitcoin's price.
Bitcoin Analysis & Research 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.
Product Featured 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.
Bitcoin Analysis & Research Filecoin’s Economic Failure: Are Miners Really On Strike? The long-awaited Filecoin network has finally launched. But immediately after its arrival, there are already claims of a miner strike and failed economic model, amid other controversies.
Bitcoin Analysis & Research Special Guest Report: In The Network (Bitcoin Q2 2020) In The Network by Formal Verification is an on-chain exploration into the current state of the Bitcoin network and its surrounding ecosystem using a multitude of both established and exotic metrics.
Bitcoin Analysis & Research 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?
Bitcoin Analysis & Research Miners Hodling: BTC Flowing from Miners to Exchanges Reaches 1-Year Low Miners appear to be hodling BTC after the recent halving. However, this does not represent bullish sentiment, but rather an inability to recover costs at current prices.
Bitcoin Analysis & Research Bitcoin Investors' Exodus from Major Exchanges Continues The number of BTC on exchanges continues to decline, reaching its lowest point in over a year. We analyze potential explanations for this exodus.
Bitcoin Analysis & Research Bitcoin Hash Rate Declines After Halving Slashes Miner Revenue After recovering to pre-crash levels, Bitcoin's hash rate has declined once again following the block reward halving and the decrease in miner revenue.
Bitcoin Analysis & Research Buying the Dip: Investors Accumulate and Hodl Before Bitcoin's Halving On-chain metrics suggest that investors are feeling optimistic in the weeks leading up to Bitcoin's third halving.
Bitcoin Analysis & Research Safe Haven: Bitcoin Sees Influx of Retail Interest Bitcoin and other cryptocurrencies are experiencing a rise in popularity as investors seek a safe haven in anticipation of the looming economic crisis.
Bitcoin Analysis & Research The Rise of Binance Visualized On-Chain Using on-chain data, we take a deeper look into the rise of Binance. Since its launch, it has experienced a meteoric rise, becoming the top exchange in the world in terms of reported trading volume.
