Glassnode

The total $ETH staked in the #Ethereum 2.0 contract continues to climb.

Over 12.764M $ETH has been staked by 398k unique validators. This is 10.73% of the circulating supply.

Since 1-May, 19.8k additional validators have staked, and come online.

Live Chart

#Bitcoin HODLers appear to be doubling down, with wallet growth for <100 BTC entities growing significantly in recent weeks.

In our latest video analysis, we deep dive into how investor psychology has changed since the sell-off in early May.

Watch our latest Video Report.

In the aftermath of the recent sell-off, a notable shift in #Bitcoin accumulation trends is underway

#Bitcoin HODLers remain the only ones left, however their behaviour signals a doubling down, as prices trade around $30k.

Read more in The Week Onchain

During the $LUNA triggered sell-off in early May, a total of 80,081 $BTC were liquidated by the Luna Foundation Guard.

Interestingly, the volume of supply held by entities < 100 $BTC has since increased by 80,724 $BTC.

This shows a transfer from LFG, to <100 $BTC holders.

Welcome to the Glassnode Engine Room, a new product release for our Professional and Institutional members.

This suite of exclusive image metrics provides an inside look at the research, innovation and experimentation happening behind the scenes.

Engine Room metrics are designed to inspect increasingly bespoke segments of market and network data. Examples include:
- Breaking down the URPD into Age, Wallet and LTH-STH cohorts
- Profit and Loss bands by cohort and age
- Accumulation Trend Score by wallet cohort

You will find the Glassnode Engine room located under the #Bitcoin category in your list of pre-set dashboards. We look forward to releasing new metrics, research, and concepts to the Engine Room on a semi-regular basis, and to hearing your feedback.

Our weekly video analysis report is live, where we explore the price performance of #Bitcoin and #Ethereum

We also analyse $BTC and $ETH options, and on-chain fee markets to assess risk factors that may drive further downside.

Watch our video report for full details.

The severity of this bear market has put a dent in some of the long-term price performance metrics for both #Bitcoin and #Ethereum

This week, we analyse the diminishing return profile of both $BTC and $ETH, and what market structure, and on-chain demand tells us about the road ahead.

Read more in The Week On-chain

Aggregate stablecoin supplies have declined by a total of $8.4B over the last month, the largest in history.

This reflects a net capital outflow from the space.

Last week, $USDC expanded by $2.64B, whilst $DAI contracted by over 24%, as debt positions were closed or liquidated.

You can find out more about the overall shifts occurring in the stablecoin market from our written or video reports.

Live Chart

Our video analysis report on the $LUNA and $UST events from last week is now live.

We analyse:
- The hyperinflation of $LUNA and $UST collapse
- Sale of 80k $BTC by LFG
- #Tether de-peg and impact on stablecoins
- Realized losses at an enormous scale

Watch our video report here.

Last week saw $UST and $LUNA collapse, and the #Tether $1 peg come under pressure.

The #Bitcoin market sold off 21.2% in response, putting all 2021-22 investors in loss

Read our analysis of the impact the $UST and $USDT de-peg events had on the market.

Last week was historic for #Bitcoin, as $LUNA hyper-inflated, $UST failed, forcing the sale of 80k $BTC

Next, the $USDT peg came under pressure for 24hrs, creating $5B in losses, and a near miss with the Realized Price.

Read our full break-down analysis in The Week-On-chain

#Bitcoin Futures markets have seen a whirlwind 24hrs following Fed rate hikes yesterday.

Over 26.5k $BTC worth of open interest was added to the market during yesterdays rally.

However during the sell-off today, almost all of this open interest (~25k $BTC) has been closed out.

Live Chart

The #Ethereum "Otherside" NFT mint by Yuga Labs on May 1st lead to record highs in fee-related metrics.

With a net change of -58,280 #ETH in circulating supply due to burned fees, this day is the most deflationary in Ethereum's history to date.

Full Thread | Live Chart

#Bitcoin markets continue to struggle to find price momentum in either direction.

However, under the surface, the ownership structure of $BTC is changing, fundamentals are shifting, and divergences are in play

We explore these ideas, and more in our latest weekly video analysis report.

#Bitcoin Long-Term Holders continue to capitulate, with a huge divergence between their purchase price (blue) and their selling price (pink).

This is the largest LTH capitulation in #Bitcoin history.

Read more in The Week On-chain

After another rough week in global markets, many #Bitcoin metrics have reached levels only seen in the deepest of bear markets.

We also assess the risk of a large proportion of recent $BTC buyers fall into loss.

Read our analysis in The Week Onchain

#Bitcoin derivatives markets have become the preferred venue for traders, and price discovery, with perpetual swaps taking the lions share.

In this weeks video report, we deep dive into the ever evolving futures and options market and the impact price.

Watch our Video Report

Over the last five years, #Bitcoin derivatives have expanded and matured significantly.

Perpetual swap futures have emerged as the industries preferred instrument for trading and price discovery.

Read our analysis on the dominance of perpetual swaps in The Week On-chain

We are pleased to release a new feature, enabling saved Workbench charts to be added to your Dashboard!🗜

You can now add Metrics, Workbench, and Favourite charts via the 'Add Metric' button, unlocking even more customised views of the #Bitcoin, #Ethereum and #Crypto markets.

The Week On-chain #Bitcoin video analysis is live for week 16.

In this video, we study how we can observe #Bitcoin changing hands under the surface.

Even Long-Term Holders appear to have capitulated during this bear market.

Watch our video report.