Glassnode

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 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.

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 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

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 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

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#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

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 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

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

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.

#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

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

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

#Bitcoin has rallied back above the key $20k psychological level after many months of low volatility.

In this edition, we analyze how Bitcoin may be hammering out a near-textbook bear market floor and what risks may lay on the road ahead.

Read more in The Week On-chain

Our mission is to build crypto's leading market and portfolio intelligence platform that empowers investors to compound and protect their digital assets.

Today, we are proud to announce we have acquired Accointing.com – a key milestone towards this goal.

Learn more 👉 glassno.de/accointing

The latest Week On-chain Video report is live!

In this edition we cover the Bull and Bear case for #Bitcoin, assessing
- Weak on-chain activity and network utilization
- Risk of a $1.5B miner deleveraging event
- Accumulation trends and exchange balances draining

Watch our latest video report.

As volatility of #Bitcoin compresses to historical lows, we present both the 🐂 and 🐻 case for $BTC.

We assess:
- Potential $1.5B miner deleveraging
- Weak on-chain activity
- Persistent draining of exchanges
- Unwavering HODLer conviction

Read more in The Week On-chain

The #Bitcoin Hash Price has reached an all-time-low of $66,500 per Exahash.

This means that $BTC miners are earning the smallest reward relative to hashpower applied in history, and likely puts the industry under extreme income stress.

Live Chart and Miner Capitulation Dashboard