The recent drop in #Bitcoin addresses holding ≥ 1 $BTC is of no concern and has no relevance regarding network fundamentals.

This was merely an exchange doing inhouse cleaning, and merging a bulk of small UTXOs in separate addresses into a single one.

Live chart | @glassnode

#Bitcoin Difficulty Ribbon Compression is trending up and broke out of the green buy zone for the first time since March.

Historically, these have been periods characterized by a positive momentum indicating significant $BTC price increases.

Live chart | @glassnode

#Bitcoin has mostly recovered after dropping rapidly on Monday in response to the stock market.

While its fundamentals remain strong, BTC's correlation with traditional markets is limiting price growth.

Read about this week’s developments in the latest Week On-Chain.

Read more | #TheWeekOnChain

#Ethereum miners made a total of $166 million from transaction fees in September – setting a new ATH.

This is an increase of 47% compared to the previous record high in August.

In comparison: #Bitcoin miners made $26 million from fees – a difference of more than 6x!

Live chart | @glassnode

According to our data, around 170,000 $BTC (~$1.8 billion USD) are being held in #BitMEX wallets.

That's almost 1% of the circulating #Bitcoin supply.

Live chart | @glassnode

According to our data, last night more than 23,200 BTC were withdrawn from #BitMEX addresses in a single hour (~13% of all BTC in their vaults).

That is the largest hourly $BTC outflow from BitMEX we've observed so far.

#Bitcoin

Live chart | @glassnode

Update: Another batch of ~6k BTC was withdrawn from #BitMEX in the past hour.

In total, over 32,200 $BTC were pulled from the exchange (~19% of funds) in three larges baches since the announcement.

#Bitcoin

Live chart | @glassnode

Despite a number of potentially unsettling events over the past week, BTC has remained largely stable at over $10,000, and #Bitcoin's on-chain fundamentals are still strong.

Read about this week’s developments in the latest Week On-Chain.

Read more | #TheWeekOnChain

#Ethereum hash rate hits an ATH.

Ethereum miners have pushed the hash rate to a new record high in the wake of the #DeFi hype and surging fees.

It crossed 250T/s and is now up 80% since the beginning of the year.

The last time the hash rate was this high, was in July 2018.

Live chart | @glassnode

$1 billion worth of #BTC (~94,000 bitcoins) are now wrapped in $WBTC on #Ethereum.

That is an increase of almost 20x within the past three months.

Live chart | @glassnode

#Bitcoin hash rate hits a new ATH and touches 170 exahash for the first time in history on the hourly chart (24h MA).

That is an increase of around 40% since the halving in May, substantially adding to the security of the network.

Live chart | @glassnode

The number of #Bitcoin whales (entities holding ≥ 1,000 BTC) has been on an upwards trend for the past months.

An indication that more high-net-worth individuals are entering the space to invest in Bitcoin, expecting $BTC price appreciation.

Live chart | @glassnode

#Bitcoin saw growth in both its on-chain fundamentals and price across Week 41, with increased adoption and BTC finding support above $11k for the first time since August.

Read about this week’s developments in the latest Week On-Chain.

Read more | #TheWeekOnChain

#Bitcoin accumulation has been on a constant upwards trend for months.

2.6M $BTC (14% of supply) are currently held in accumulation addresses.

Accumulation addresses are defined as addresses that have at least 2 incoming transactions and have never spent funds. Exchange addresses and (miner) addresses receiving from Coinbase transactions are excluded.

Live chart | @glassnode

#OKEx has reportedly suspended all cryptocurrency withdrawals from the exchange.

Our data confirms that there have been no outgoing #BTC or #ETH transfers since 4:00 UTC today.

Live chart | @glassnode

According to our data, around 200,000 BTC (1.1% of the circulating #bitcoin supply) are currently held in #OKEx wallets.

That is around $2.3 billion worth of bitcoins stored in the exchange's vaults.

Live chart | @glassnode

Prior to the suspension of cryptocurrency withdrawals from #OKEx, we observed large BTC outflows from the exchange.

According to our data, a total of 10,000 BTC (~$113 million USD) were withdrawn in two large batches in the past 48 hours.

#Bitcoin

Live chart | @glassnode

Open interest on #Binance increased by $150 million in the past 48 hours (+30%) and is currently sitting at $637 million.

#Bitcoin

Live chart | @glassnode

$ETH Realized Price hits an 21-month high and is now at $246 – a level not seen since January 2019.

It has increased by 21% within the past six months.

Realized Price is the average price of each ETH at the time it last moved on-chain.

#Ethereum

Live chart | @glassnode

The number of #Bitcoin millionaire addresses (addresses holding ≥ $1M worth of $BTC) crossed 20,000.

It is the highest value since January 2018.

Live chart | @glassnode

#Bitcoin saw some impressive gains over Week 43, surpassing $13,000. On-chain fundamentals remain strong, and $BTC appears to be deviating from traditional financial market trends.

Read more in the latest Week On-Chain.

Read more | #TheWeekOnChain