$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

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

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#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%

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

Largest value to date.

#Bitcoin

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

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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.

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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.

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#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.

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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.

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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.

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

#Bitcoin

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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.

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$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

#Bitcoin is seeing the largest depletion of liquidity since years.

Not only are funds being withdrawn from exchanges, but coins are continuously moving to strong hands.

In the past 30 days around 270,000 $BTC moved to entities considered HODLers.

Live chart | @glassnode