$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.

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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.

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

#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

New milestone: Within just three years after its launch as ERC20 token, a total of $1 trillion $USDT have been transferred on #Ethereum to date.

Live chart | @glassnode

Despite briefly dropping below $30k over the past week, on-chain fundamentals for $BTC remain strong, indicating room for further growth.

Meanwhile, the rest of the crypto market is growing even faster than #Bitcoin.

Read more | #TheWeekOnChain

12.6% of the #Bitcoin supply (2.3M BTC) was moved at prices above $30,000 USD.

This is substantial, given that $BTC crossed $30k just this year. It suggests investors are injecting capital, and therefore confidence in further price appreciation.

Live chart | @glassnode

#Bitcoin NUPL was rejected the entrance into the "euphoria" zone earlier this month.

A near miss of the blue zone does not rule out significant further growth for Bitcoin.

After a similar event in 2017, $BTC increased around 900% before hitting the top.

Live chart | @glassnode

#Bitcoin futures funding rates across major exchanges dip below zero.

Live chart | @glassnode