#Bitcoin inflows to major exchanges spiked during BTC's recent sharp increase to $10,000, clearly showing investors' reaction to the sudden price surge.
Live data | @glassnode
Live data | @glassnode
#Miners play an essential role in the #Bitcoin ecosystem.
Understanding their behaviour gives investors powerful insight into a driving force of the market.
Are they hodling or selling their rewards?
BTC flow from miners to exchanges is now live.
Live chart | #ProductRelease
Understanding their behaviour gives investors powerful insight into a driving force of the market.
Are they hodling or selling their rewards?
BTC flow from miners to exchanges is now live.
Live chart | #ProductRelease
#Bitcoin's price increase has pushed it up into the bullish regime for the first time in 3 months, marking a return to pre–crash levels.
However, declining on–chain fundamentals leave BTC in an unstable & potentially unsustainable position.
Read more | #TheWeekOnChain
However, declining on–chain fundamentals leave BTC in an unstable & potentially unsustainable position.
Read more | #TheWeekOnChain
The Market Compass: Monthly (May 2020) is now available to Advanced & Professional Studio users - and to celebrate the launch of our new Telegram channel, subscribers can also access this month’s issue.
The Market Compass is a monthly publication which provides a thorough overview of Bitcoin's development over the previous month, based on Glassnode's market index, the GNI.
Read about Bitcoin's fundamentals for May below:
Get the report | #TheMarketCompass
The Market Compass is a monthly publication which provides a thorough overview of Bitcoin's development over the previous month, based on Glassnode's market index, the GNI.
Read about Bitcoin's fundamentals for May below:
Get the report | #TheMarketCompass
When are miners moving large amounts of bitcoin?
Introducing the Miner Outflow Multiple:
It shows periods when the volume of BTC flowing out of miner wallets is high compared to its historical average.
It is defined as the ratio of miner outflow (in USD) and its 365 day MA.
Live chart | #ProductRelease
Introducing the Miner Outflow Multiple:
It shows periods when the volume of BTC flowing out of miner wallets is high compared to its historical average.
It is defined as the ratio of miner outflow (in USD) and its 365 day MA.
Live chart | #ProductRelease
After an unstable transition, the compass has moved deeper into the bullish Regime 1 in Week 23.
With on-chain fundamentals rising and BTC holding over $9k, the present outlook for #Bitcoin seems to be optimistic.
Read more | #TheWeekOnChain
With on-chain fundamentals rising and BTC holding over $9k, the present outlook for #Bitcoin seems to be optimistic.
Read more | #TheWeekOnChain
How much BTC is flowing in and out of miner wallets?
What is the number of incoming/outgoing Bitcoin transactions to/from miner addresses?
New miner metrics available on Glassnode Studio:
- Miner outflows and inflows
- Miner netflows
- Miner outgoing and incoming transactions
Live charts | #ProductRelease
What is the number of incoming/outgoing Bitcoin transactions to/from miner addresses?
New miner metrics available on Glassnode Studio:
- Miner outflows and inflows
- Miner netflows
- Miner outgoing and incoming transactions
Live charts | #ProductRelease
#Bitcoin netflow to/from miner wallets (30d MA) has been consistently positive for the past 9 months.
During this period, #miners have increased their positions by around 24,900 BTC.
Chart | @glassnode
During this period, #miners have increased their positions by around 24,900 BTC.
Chart | @glassnode
The percent of ETH supply in profit is hovering at 80%.
It is the third attempt within a year to break this level.
Last time the supply in profit was significantly above 80%, ETH was priced at around $700.
Live chart | @glassnode
It is the third attempt within a year to break this level.
Last time the supply in profit was significantly above 80%, ETH was priced at around $700.
Live chart | @glassnode
Despite a drop in BTC's price & on-chain fundamentals, #Bitcoin's overall network health remains strong & the compass has solidified its position in the green zone for yet another week.
Read about this week's developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
Read about this week's developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
How many #Bitcoin and #Ethereum addresses are in profit?
Using realized price we compute the average "buy" price of an address' funds, and determine whether it is in a state of profit or loss.
BTC: 78.9% in profit
ETH: 51.9% in profit
Live charts | #ProductRelease
Using realized price we compute the average "buy" price of an address' funds, and determine whether it is in a state of profit or loss.
BTC: 78.9% in profit
ETH: 51.9% in profit
Live charts | #ProductRelease
What Are Ethereum Users Paying Fees For?
An on-chain analysis on how fees are distributed across different transaction categories in the Ethereum network.
Full report | #Insights
An on-chain analysis on how fees are distributed across different transaction categories in the Ethereum network.
Full report | #Insights
Despite the GNI and BTC’s price seeing slight decreases last week, Bitcoin still sits firmly in the bullish regime of the market compass for the fourth week in a row.
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
WrappedBTC is currently seeing a surge in interest on #Ethereum.
The number of new addresses holding #WBTC is increasing by the day, bringing the total number of token holders to over 2,880 – a 100% increase since the beginning of the year.
Live chart | @glassnode
The number of new addresses holding #WBTC is increasing by the day, bringing the total number of token holders to over 2,880 – a 100% increase since the beginning of the year.
Live chart | @glassnode
Continued stability, both on & off-chain, has solidified #Bitcoin's position in the bullish Regime 1.
While this will not necessarily translate to immediate gains for BTC's price, the long-term outlook is optimistic.
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
While this will not necessarily translate to immediate gains for BTC's price, the long-term outlook is optimistic.
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
#Bitcoin remains in a bullish position for the 6th week in a row - but slight declines in the GNI and BTC's price performance have seen the compass drifting closer to a more neutral zone.
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
The Market Compass: Monthly (June 2020) is now available to Advanced & Professional Studio users.
In the month of June, bitcoin’s GNI score stayed relatively consistent, dropping by only 1 point. Despite slightly slower on-chain activity, however, bitcoin’s fundamentals remain strong.
Get the report | #TheMarketCompass
In the month of June, bitcoin’s GNI score stayed relatively consistent, dropping by only 1 point. Despite slightly slower on-chain activity, however, bitcoin’s fundamentals remain strong.
Get the report | #TheMarketCompass
In Week 28, #Bitcoin saw improvements in both GNI & price performance, setting itself up for its 7th week in Regime 1.
Fundamentals are strong, but external market forces may be preventing BTC from breaking out.
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain
Fundamentals are strong, but external market forces may be preventing BTC from breaking out.
Read about this week’s developments in the latest Week On-Chain.
Read more | #TheWeekOnChain