90% of all #Ethereum addresses (~47 million addresses) holding ETH are now in a state of profit.

This number has never been this high since January 2018.

Just in March of this year, only 3.2% (!) of all ETH addresses were in profit.

Live chart | @glassnode

$BTC has continued to grow throughout the last week of the year, reaching a new ATH of over $28k.

On-chain signals remain bullish, showing a significant supply side crisis for #Bitcoin.

Read more | #TheWeekOnChain

#Bitcoin miners are currently earning $1,000,000 per hour.

This is an increase of 185% since the halving.

The last time miner revenue was this high, was in July 2019. Note that block rewards were twice as high than today.

Live chart | @glassnode

This week, total liquidity on Uniswap crossed $2 billion USD for the first time after $UNI farming ended in November.

Monitor Uniswap metrics here 👇

studio.glassnode.com/dashboards/eth-uniswap

#Ethereum

Live chart | @glassnode

ATH: December's hash rate (136 exahash / s) was the highest in #Bitcoin's history so far 📈

Live chart | @glassnode

#Ethereum funding rates are at a record high, breaking an average of 0.2% across major exchanges.

#BitMEX is leading the pack with a funding rate above 0.4%

Live chart | @glassnode

$190,000,000 (in long positions) were liquidated on #Binance within 10 minutes.

Largest value to date.

#Bitcoin

Live chart | @glassnode

#Ethereum fees in the past hour (24h MA): $898,000 USD – All Time High.

Live chart | @glassnode

Moving into the first week of 2021, $BTC continued to hit all-time highs as it shot past $30k and kept climbing.

But $ETH is the real winner of the past week, gaining over 37% in a single 24 hour period.

Read more | #TheWeekOnChain

#Bitcoin MVRV Z-Score has seen a sharp increase to values above 5.

It is now at the levels of the main bull market of 2017.

Note that in 2017, $BTC made another 10x over the course of 6 months.

Live chart | @glassnode

#Bitcoin network activity on the rise: The number of hourly active addresses (24h MA) just broke a new ATH.

Live chart | @glassnode

ATH: $BTC Realized Price breaks $10,000 USD for the first time!

#Bitcoin

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#Bitcoin Dormancy Flow has reached the bull/bear threshold.

Live chart | @glassnode

#Bitcoin realized profits at record highs.

Yesterday alone, the total net realized profit of all coins moved on-chain was $5.5 billion.

Note that these represent BTC on-chain movements (comparing price at UTXO creation/spent times), not trades.

Live chart | @glassnode

While $BTC dipped in value today, on-chain fundamentals remain strong, pointing to a healthy network.

#Bitcoin mining difficulty and hash rate are at ATHs.

Live chart | @glassnode

Last week, $BTC exceeded $40k for the first time ever - more than double its 2017 ATH.

However, amidst Monday's bloodbath, a correction and some sideways movement may be in order before further growth #Bitcoin is seen.

Read more | #TheWeekOnChain

The recent $BTC dip caused a clear bounce off the bear/bull threshold on the #Bitcoin dormancy flow chart.

Live chart | @glassnode

Yesterday, a total of $410M (!) in $BTC long positions in futures contracts were liquidated on Binance – marking the largest daily value to date.

#Bitcoin

Live chart | @glassnode

Cumulative #Bitcoin miner revenue (Thermocap) crossed $20 billion USD.

Thermocap serves as a lower bound for the true capital inflow into Bitcoin.

It has doubled in the past 2 years.

Live chart | @glassnode

$BTC has lost some ground over the past week, losing almost 7% of its value.

But despite a possible further correction, long-term on-chain metrics remain bullish for #Bitcoin.

Read more | #TheWeekOnChain

$ETH open interest at an ATH. #Ethereum

Live chart | @glassnode