According to our data, last night more than 23,200 BTC were withdrawn from #BitMEX addresses in a single hour (~13% of all BTC in their vaults).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Update: Another batch of ~6k BTC was withdrawn from #BitMEX in the past hour.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

#Bitcoin investor sentiment: Net Unrealized Profit/Loss (NUPL) has been in the "Belief" zone for the past week.

Currently, over 50% of the $BTC market cap consists of unrealized profits – a level not seen since August 2019.

Live chart | @glassnode

The percentage of #Bitcoin miner revenue from fees increased to 22.25% in the past hour (24h MA).

It is the highest observed value since January 2018.

Live chart | @glassnode

The #Bitcoin Fee Ratio Multiple (FRM) is at its lowest level since Jan 2018.

FRM is linked to demand and caused by higher fees.

A low value means increased network security, especially as block rewards decrease over time.

Live chart | @glassnode

In Week 44, $BTC continued gaining momentum, ending the week up by over 5%. But despite these gains, a drop in on-chain fundamentals may prevent #Bitcoin from decoupling from traditional markets.

Read more in the latest Week On-Chain.

Read more | #TheWeekOnChain

Over the past couple of days Bitcoin's hash rate has seen a significant decrease, occasionally falling below 100 exahash per second – values not since since June.

Tomorrow's mining difficulty adjustment is therefore estimated to be around -16%.

#Bitcoin

Live chart | @glassnode