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

We just observed the 2nd largest negative #Bitcoin mining difficulty adjustment in history: -16%

It topped the -15.9% change in March this year.

The only other time difficulty saw a larger downwards adjustment (-18%) was over 9 years ago, in Oct 2011.

Live chart | @glassnode

#Bitcoin Hodler Net Position Change has been negative for the past week.

It indicates the monthly position change of long-term investors according to BTC's Liveliness.

It is the first time we see this since March, and the lowest it has been since Aug 2019.

Live chart | @glassnode

#Bitcoin Short-Term Holder MVRV has been holding its positive ratio for the past six months – and bounced off the neutral line yet another time.

Historically, holding this support level is indicative for an ongoing $BTC bull market.

Live chart | @glassnode

$BTC has continued its impressive streak, hitting $15k over the past week and showing few signs of slowing down.

On-chain metrics suggest that #Bitcoin has more room to grow before reaching the next top.

Read more | #TheWeekOnChain

Never before in #Bitcoin's history have there been more addresses active as a sender (7d MA).

Live chart | @glassnode

Current #Bitcoin open interest levels on major exchanges.

Live chart | @glassnode

$BTC saw continued gains throughout Week 46, rising above $16k for the first time since January 2018.

Meanwhile, #Ethereum looks poised to launch the first stage of ETH2.0 before the end of 2020.

Read more | #TheWeekOnChain

We introduce a new methodology to classify #Bitcoin supply owned by long-term investors and short-term traders, and create a set of on-chain metrics that show when these two investor types are in a state of profit or loss.

👇 Read the full story here

Read more | @glassnode

The #Ethereum 2.0 deposit contract has crossed 100,000 $ETH in staked value.

Almost 20% of the phase 0 staking goal have been reached.

Live chart | @glassnode

In the past hour we observed the highest number of newly created addresses in the #Bitcoin network since January 2018 📈

Live chart | @glassnode

#Bitcoin Realized Price hits a new ATH and crosses $7,000 USD for the first time in history.

Realized Price values each bitcoin at the time of their last on-chain movement, and can be interpreted as the average $BTC cost basis.

Live chart | @glassnode

#Bitcoin miner revenue is back at pre-halving levels.

Miners are currently earning around $17M per day – twice as much compared to May when block rewards were reduced to 6.25 BTC.

Live chart | @glassnode

#Bitcoin bull markets are characterized by a decreasing BTC supply held by hodlers, as long-term investors move old coins in order to take profits.

We started to see this trend last month, as the long-term holder supply has decreased by ~300k BTC.

Live chart | @glassnode

#DeFi protocols are facing a wave of attacks which use flash loans to manipulate centralized price oracles. The latest exploit drained $3.3m USD worth of assets from Cheese Bank.

Read more about this exploit | #Insights

#Bitcoin liquidity continues its downward trajectory.

YTD balance on exchanges: -18%

Live chart | @glassnode

Around 80,000 ETH have been desposited to the #Ethereum 2.0 contract in the past 30 hours.

More than 6,000 validators have staked a total of 193,500 $ETH to date.

That amounts to ~37% of the phase 0 staking goal.

Live chart | @glassnode

#Bitcoin funding rates on major exchanges have increased considerably over the past few days.

Long positions are heavily paying shorts – potentially incentivizing more traders to start taking the other side.

Live chart | @glassnode

With prices exceeding $18,000 for the first time since 2017, $BTC looks poised to break its previous all-time high.

Meanwhile, plummeting #Bitcoin exchange balances support the narrative that investors intend to hodl.

Read more | #TheWeekOnChain

#Ethereum 2.0 deposit contract stats

- Total value staked: 423,200 ETH
- Validators: 12,575
- Phase 0 staking goal: 80.7%

Still 12 hours left to reach the goal of 524,288 ETH required to launch the Beacon Chain on Dec 1st.

Live chart | @glassnode