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.
