Glassnode Insights

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Glassnode is your gateway to on-chain data. Explore the latest market intelligence and in-depth reports on popular blockchains and digital assets.

Analysis

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.

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.

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.

Report

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.

Report

The Market Compass (May 2020)

A thorough overview of the Bitcoin network's development during the month of May.

Report

The Market Compass (April 2020)

A thorough overview of the Bitcoin network's development during the month of April.

Report

The Market Compass (March 2020)

A thorough overview of the Bitcoin network's development during the month of March.

Report

The Market Compass – Special Edition: Introducing GNI

The Glassnode Network Index (GNI) aims to make fundamental on–chain analysis more accessible to Bitcoin investors – contextualizing a multitude of advanced metrics into a single, comprehensive number.

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

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.