Is #Bitcoin hammering out a bear market bottom?
Our latest video report is live and covers:
- Pricing models of past cycle floors
- Supply redistribution since June lows
- Profitability of various $BTC cohorts
Watch our latest report
Our latest video report is live and covers:
- Pricing models of past cycle floors
- Supply redistribution since June lows
- Profitability of various $BTC cohorts
Watch our latest report
YouTube
The Week On-chain: Hammering Out a Bear Market Bottom - Week 44, 2022 (Bitcoin Ochain Analysis)
Bitcoin has rallied back above the key $20k psychological level this week, after many months of extremely low volatility. In this edition, we analyse how Bitcoin may be hammering out a near-textbook bear market floor, and what risks may lay on the road ahead.…
The #Bitcoin seller exhaustion constant has recorded the lowest value since November 2018.
This metric reaches such levels when volatility is low, but losses realized on-chain are high.
6-of-7 similar levels in the past preceded volatility to the upside
Live Chart
This metric reaches such levels when volatility is low, but losses realized on-chain are high.
6-of-7 similar levels in the past preceded volatility to the upside
Live Chart
#Bitcoin faces strong resistance as it approaches several key on-chain cost basis.
With early signs pointing to a shift in demand, the #Bitcoin holder-base is slowly but surely becoming saturated by those with the strongest resolve.
Read more in The Week On-chain
With early signs pointing to a shift in demand, the #Bitcoin holder-base is slowly but surely becoming saturated by those with the strongest resolve.
Read more in The Week On-chain
Our latest video report covering the Fall of the #FTX Empire is live.
We cover:
- Relationship between FTX, Alameda and Binance.
- Token composition of multi-billion USD transfers.
- The collapse of FTX during the bank run.
- Reaction of #Bitcoin holders
Watch our latest video report on the collapse of FTX.
We cover:
- Relationship between FTX, Alameda and Binance.
- Token composition of multi-billion USD transfers.
- The collapse of FTX during the bank run.
- Reaction of #Bitcoin holders
Watch our latest video report on the collapse of FTX.
YouTube
The Fall of the FTX Empire - Glassnode Onchain Analysis
As the FTX exchange dramatically collapses, we have undertaken studies to assess the scale and relationship of on-chain flows over the last 1yr.
Twitter thread: https://twitter.com/glassnode/status/1590467845175283713
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Twitter thread: https://twitter.com/glassnode/status/1590467845175283713
🪟 Live Dashboard: https://glassno.de/3Uoy0WZ…
With the devastating collapse of #FTX, the industry has experienced the most shocking insolvency since Mt Gox
In this report, we analyze:
- #FTX bank run
- #Bitcoin holders seeking safety in self-custody
- Response of Bitcoins strongest hands
Read more in The Week On-chain
In this report, we analyze:
- #FTX bank run
- #Bitcoin holders seeking safety in self-custody
- Response of Bitcoins strongest hands
Read more in The Week On-chain
In direct response to the failure of FTX, #Bitcoin investors, of all wallet cohorts, have made a distinct behavioural shift towards self-custody.
From Shrimp, to Whales, #Bitcoin on-chain balances are on the rise🔵
Read more in The Week On-chain
From Shrimp, to Whales, #Bitcoin on-chain balances are on the rise🔵
Read more in The Week On-chain
The fallout of the #FTX collapse appears to be a dramatic shift towards self-custody, especially for $BTC and $ETH.
In our latest video report, we explore the net inflow of stablecoins to exchanges, and historical outflows of #Bitcoin and #Ethereum
Watch our latest video report: FTX Fallout and the Rise of Self-Custody
In our latest video report, we explore the net inflow of stablecoins to exchanges, and historical outflows of #Bitcoin and #Ethereum
Watch our latest video report: FTX Fallout and the Rise of Self-Custody
YouTube
The Week On-chain: FTX Fallout and the Rise of Self-Custody
With the devastating collapse of the FTX exchange, the digital asset industry has experienced the most shocking insolvency of a custodian since Mt Gox. In this report, we analyze the FTX bank run, seeking of safety in self-custody, and the response of Bitcoin's…
#Bitcoin Long-Term Holders are currently experiencing acute financial stress, holding an average of -33% in unrealized losses.
This is comparable to the lows of the 2018 bear market, which saw a peak unrealized loss of -36% on average.
Live Chart
This is comparable to the lows of the 2018 bear market, which saw a peak unrealized loss of -36% on average.
Live Chart
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In the wake of the FTX fallout, confidence of both #Bitcoin Whales, and Long-Term holders appears shaken
With over 84k $BTC distributed by LTHs, and ~5k $BTC in net whale exchange deposits, #Bitcoin markets are on shaky ground.
Read our latest analysis in The Week On-chain
With over 84k $BTC distributed by LTHs, and ~5k $BTC in net whale exchange deposits, #Bitcoin markets are on shaky ground.
Read our latest analysis in The Week On-chain
Our latest #Bitcoin on-chain analysis report is live.
In this edition, we assess the reaction of #Bitcoin Whales and HODLers, with both cohorts appearing shaken by recent events.
📹 Watch our analysis in The Week On-chain video report.
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In this edition, we assess the reaction of #Bitcoin Whales and HODLers, with both cohorts appearing shaken by recent events.
📹 Watch our analysis in The Week On-chain video report.
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The total #Bitcoin market Realized Loss peaked at -$1.9B last Friday.
This is the fourth largest daily realized loss in history, ranking behind:
-$2.0B during LUNA collapse
-$2.2B in June 2021 start of bear
-$2.5B in June 2022 sub-$20k
Live Chart
This is the fourth largest daily realized loss in history, ranking behind:
-$2.0B during LUNA collapse
-$2.2B in June 2021 start of bear
-$2.5B in June 2022 sub-$20k
Live Chart
During the chaos of the last few weeks, the #Ethereum market cap briefly fell below the aggregate stablecoin cap, once again.
The Top 4 stablecoins USDT, USDC, BUSD and DAI make up over $138B in total, with the $ETH market cap just 2.8% higher at $142B
Live Chart
The Top 4 stablecoins USDT, USDC, BUSD and DAI make up over $138B in total, with the $ETH market cap just 2.8% higher at $142B
Live Chart
In our latest Market Pulse edition, we build a #Bitcoin overheated / cooled-off tool in Workbench using:
- Stablecoin supplies and SSR ratio
- Unrealized profit and loss
- The MVRV Ratio
Market Pulse reports are a weekly research and analysis series by our analysts, which seeks to achieve several goals:
- Market insights you can't find anywhere else
- Demonstrate how we use Glassnode tools
- Provide unique edge with custom Workbench charts
Market pulse reports are available exclusively for Advanced and Pro members.
With our ⚡️Cyber Week Deal ⚡️ live, we have taken 40% off our Advanced plan until the 29-Nov.
Be sure to take advantage, and make sure to ask our analyst team any questions you have on Forum.
Read the latest Market Pulse on Glassnode Forum.
- Stablecoin supplies and SSR ratio
- Unrealized profit and loss
- The MVRV Ratio
Market Pulse reports are a weekly research and analysis series by our analysts, which seeks to achieve several goals:
- Market insights you can't find anywhere else
- Demonstrate how we use Glassnode tools
- Provide unique edge with custom Workbench charts
Market pulse reports are available exclusively for Advanced and Pro members.
With our ⚡️Cyber Week Deal ⚡️ live, we have taken 40% off our Advanced plan until the 29-Nov.
Be sure to take advantage, and make sure to ask our analyst team any questions you have on Forum.
Read the latest Market Pulse on Glassnode Forum.
Our latest video report is live: Characterizing a #Bitcoin Capitulation Event.
In this edition, we analyze:
- Observations of market behaviour after major sell-off events.
- Assessing the scale of the recent FTX capitulation event.
- Measuring the damage done using Realized Loss metrics.
- Metrics which describe statistically significant deviations.
Watch The Week On-chain Video Report
In this edition, we analyze:
- Observations of market behaviour after major sell-off events.
- Assessing the scale of the recent FTX capitulation event.
- Measuring the damage done using Realized Loss metrics.
- Metrics which describe statistically significant deviations.
Watch The Week On-chain Video Report
YouTube
The Week On-chain: Characterizing Bitcoin Capitulation Events - Week 48 (Bitcoin onchain Analysis)
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As the dust settles after the FTX debacle, a key question is whether the sell-off can be better characterized as a simple continuation of the bearish trend, or instead a trigger of a…
As the dust settles after the FTX debacle, a key question is whether the sell-off can be better characterized as a simple continuation of the bearish trend, or instead a trigger of a…
Since the #Ethereum Merge, the total net coin issuance has been just +2,317 $ETH.
A total of 131,454 $ETH has been issued to PoS validators, whilst 129,137 $ETH has been burned via EIP1559.
Live Dashboard
A total of 131,454 $ETH has been issued to PoS validators, whilst 129,137 $ETH has been burned via EIP1559.
Live Dashboard
NFTs on #Ethereum accounted for 18% to 22% of transactions during H1-2022.
However NFT dominance has since declined to just 8.3%, as interest in the space wanes during the bear market.
Stablecoin dominance has spiked since FTX from 10% to 12.5%.
Live Chart
However NFT dominance has since declined to just 8.3%, as interest in the space wanes during the bear market.
Stablecoin dominance has spiked since FTX from 10% to 12.5%.
Live Chart
In the wake of one of the largest deleveraging events in digital asset history, the #Bitcoin Realized Cap has returned to May 2021 levels.
The Realized Cap decline, and significant realized losses signal that a near complete capital reset has taken place of the speculative premium since the end of the 2021 bull cycle.
Read more in the Week On-chain
The Realized Cap decline, and significant realized losses signal that a near complete capital reset has taken place of the speculative premium since the end of the 2021 bull cycle.
Read more in the Week On-chain
Our video report for Week 49 is now also live.
We explore
- The prevailing regime of loss realization by the Bitcoin market.
- All-time-low in Realized P/L Ratio and what it means.
- 17% decline in the Realized cap, returning to May 2021 levels.
- Observations regarding the uptick in on-chain activity.
Watch our video report.
We explore
- The prevailing regime of loss realization by the Bitcoin market.
- All-time-low in Realized P/L Ratio and what it means.
- 17% decline in the Realized cap, returning to May 2021 levels.
- Observations regarding the uptick in on-chain activity.
Watch our video report.
YouTube
The Week On-chain: A Capital Reset - Week 49, 2022 (Bitcoin Onchain Analysis)
In the wake of one of the largest deleveraging events in digital asset history, the Bitcoin Realized Cap has declined such that all capital inflows since May 2021, have now been flushed out. There is an associated uptick in on-chain activity, however it lacks…
Over the last 365-days, a total of $213B in Realized Loss has been locked in by #Bitcoin investors.
This compares to yearly Profits of $455B realized in the 2020-21 bull.
This reflects a relative capital loss of ~47% of the bull market gains, similar in scale to the 2018 cycle.
Live Chart
This compares to yearly Profits of $455B realized in the 2020-21 bull.
This reflects a relative capital loss of ~47% of the bull market gains, similar in scale to the 2018 cycle.
Live Chart
The final edition of The Week On-chain for 2022 is live!
We cover:
- Volatility, derivatives, and leverage.
- Severity of realized losses.
- #Bitcoin on-chain supply concentrations.
- #Ethereum post-Merge supply dynamics.
- Shifting stablecoin dominance
Read more in The Week On-chain.
We cover:
- Volatility, derivatives, and leverage.
- Severity of realized losses.
- #Bitcoin on-chain supply concentrations.
- #Ethereum post-Merge supply dynamics.
- Shifting stablecoin dominance
Read more in The Week On-chain.