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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #919 14.8K
The Week On-Chain 27, 2024
The Bitcoin market is in an interesting spot, with the average coin still up 2x, whilst most Short-Term Holders are underwater. A multitude of volatility measures are also heavily compressed, suggesting a larger move is on the horizon.

Executive Summary
- Despite Bitcoin prices trading sideways to down, a significant proportion of the market remains in profit, with Short-Term Holders carrying the majority of losses.
- Using a combination of on-chain pricing models and technical indicators, we define and explore the a set of potential scenarios for the market moving forwards.
- Volatility continues to be historically compressed, which suggests a degree of both investor apathy, but also suggests an under-indexing for heightened volatility ahead.

Read more in The Week On-Chain newsletter.
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