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Glassnode

@glassnode

Institutional Data and Market Intelligence for Digital Assets.

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Showing posts older than #195 · Back to latest

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Post #193 9.86K
#Bitcoin NUPL was rejected the entrance into the "euphoria" zone earlier this month.

A near miss of the blue zone does not rule out significant further growth for Bitcoin.

After a similar event in 2017, $BTC increased around 900% before hitting the top.

Live chart | @glassnode
Post #192 6.65K
12.6% of the #Bitcoin supply (2.3M BTC) was moved at prices above $30,000 USD.

This is substantial, given that $BTC crossed $30k just this year. It suggests investors are injecting capital, and therefore confidence in further price appreciation.

Live chart | @glassnode
Post #191 7.72K
Despite briefly dropping below $30k over the past week, on-chain fundamentals for $BTC remain strong, indicating room for further growth.

Meanwhile, the rest of the crypto market is growing even faster than #Bitcoin.

Read more | #TheWeekOnChain
Glassnode Research – Digital Asset Market Intelligence The Week On-Chain (Week 4, 2021) Despite briefly dropping below $30k over the past week, on-chain fundamentals for BTC remain strong, indicating room for further growth. Meanwhile, the rest of the crypto market is growing even faster.
Post #190 5.99K
New milestone: Within just three years after its launch as ERC20 token, a total of $1 trillion $USDT have been transferred on #Ethereum to date.

Live chart | @glassnode
Post #189 18.9K
#Bitcoin is seeing the largest depletion of liquidity since years.

Not only are funds being withdrawn from exchanges, but coins are continuously moving to strong hands.

In the past 30 days around 270,000 $BTC moved to entities considered HODLers.

Live chart | @glassnode
Post #187 6.17K
$BTC has lost some ground over the past week, losing almost 7% of its value.

But despite a possible further correction, long-term on-chain metrics remain bullish for #Bitcoin.

Read more | #TheWeekOnChain
Post #186 6.53K
Cumulative #Bitcoin miner revenue (Thermocap) crossed $20 billion USD.

Thermocap serves as a lower bound for the true capital inflow into Bitcoin.

It has doubled in the past 2 years.

Live chart | @glassnode
Post #185 7.43K
Yesterday, a total of $410M (!) in $BTC long positions in futures contracts were liquidated on Binance – marking the largest daily value to date.

#Bitcoin

Live chart | @glassnode
Post #184 6.14K
The recent $BTC dip caused a clear bounce off the bear/bull threshold on the #Bitcoin dormancy flow chart.

Live chart | @glassnode
Post #182 4.82K
Last week, $BTC exceeded $40k for the first time ever - more than double its 2017 ATH.

However, amidst Monday's bloodbath, a correction and some sideways movement may be in order before further growth #Bitcoin is seen.

Read more | #TheWeekOnChain
Post #181 6.91K
While $BTC dipped in value today, on-chain fundamentals remain strong, pointing to a healthy network.

#Bitcoin mining difficulty and hash rate are at ATHs.

Live chart | @glassnode
Post #180 6.5K
#Bitcoin realized profits at record highs.

Yesterday alone, the total net realized profit of all coins moved on-chain was $5.5 billion.

Note that these represent BTC on-chain movements (comparing price at UTXO creation/spent times), not trades.

Live chart | @glassnode
Post #177 6.21K
#Bitcoin network activity on the rise: The number of hourly active addresses (24h MA) just broke a new ATH.

Live chart | @glassnode
Post #176 5.27K
#Bitcoin MVRV Z-Score has seen a sharp increase to values above 5.

It is now at the levels of the main bull market of 2017.

Note that in 2017, $BTC made another 10x over the course of 6 months.

Live chart | @glassnode
Post #175 6.39K
Moving into the first week of 2021, $BTC continued to hit all-time highs as it shot past $30k and kept climbing.

But $ETH is the real winner of the past week, gaining over 37% in a single 24 hour period.

Read more | #TheWeekOnChain
Glassnode Research – Digital Asset Market Intelligence The Week On-Chain (Week 1, 2021) Moving into the first week of 2021, BTC continues to hit all-time highs as it shoots past $30k and continues to climb. But ETH is the real winner of the week, gaining over 37% in a single day.
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