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
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
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
$57 million #Bitcoin short positions were liquidated on Binance within 10 minutes after $BTC surged $4,000.
Live chart | @glassnode
Live chart | @glassnode
Wrapped BTC (WBTC) volume on Uniswap hit an ATH.
A total of $38 million were traded on the exchange within a single hour after #BTC surged to over $36,000.
Live chart | @glassnode
A total of $38 million were traded on the exchange within a single hour after #BTC surged to over $36,000.
Live chart | @glassnode
#Bitcoin network activity at ATH.
In January, more than 22.3 million unique addresses were active in the network sending or receiving $BTC – the highest monthly number in Bitcoin's history to date 📈
Live chart | @glassnode
In January, more than 22.3 million unique addresses were active in the network sending or receiving $BTC – the highest monthly number in Bitcoin's history to date 📈
Live chart | @glassnode
$BTC has remained relatively stable over the past week, while #DeFi has its day with another week of strong performance. On-chain fundamentals for #Bitcoin remain strong.
Read more | #TheWeekOnChain
Read more | #TheWeekOnChain
Glassnode Insights - On-Chain Market Intelligence
The Week On-Chain (Week 5, 2021)
BTC has remained relatively stable over the past week, while DeFi has its day with another week of strong performance. On-chain fundamentals for bitcoin remain strong.
The #bitcoin supply stored in exchange wallets is at its lowest level since almost 2.5 years.
Live chart | @glassnode
Live chart | @glassnode
Over $4 billion worth of #ETH are now staked in the ETH 2.0 deposit contract.
Live chart | @glassnode
Live chart | @glassnode
No, #Bitcoin qwnership is not highly concentrated.
We analyze the distribution of Bitcoin across network participants, and show that BTC ownership disperses over time and is much less concentrated than often reported. Meanwhile, BTC supply held by whales has recently increased, suggesting institutional investors are entering.
Full story | @n3ocortex
We analyze the distribution of Bitcoin across network participants, and show that BTC ownership disperses over time and is much less concentrated than often reported. Meanwhile, BTC supply held by whales has recently increased, suggesting institutional investors are entering.
Full story | @n3ocortex
We are currently seeing large inflows of $USDT worth hundreds of millions into exchanges.
Note that this is part of a swap of 2B USDt from TRC20 to #ERC20.
The total supply of Tethers will not change, as 2B TRC20 $USDt will be burned in the process.
Live chart | @glassnode
Note that this is part of a swap of 2B USDt from TRC20 to #ERC20.
The total supply of Tethers will not change, as 2B TRC20 $USDt will be burned in the process.
Live chart | @glassnode
The number of #Bitcoin whales (entities holding ≥ 1k $BTC) has seen an astounding increase.
Since the beginning of the year, more than 200 new whale entities have appeared in the network –– data supporting the case that institutions are arriving.
Live chart | @glassnode
Since the beginning of the year, more than 200 new whale entities have appeared in the network –– data supporting the case that institutions are arriving.
Live chart | @glassnode
#Ethereum miners earned $3.5M (!) in a single hour – the highest hourly revenue to date.
Live chart | @glassnode
Live chart | @glassnode
$WBTC trading volume on @Uniswap hit a new ATH.
More than $46 million were traded on the exchange within one hour.
Live chart | @glassnode
More than $46 million were traded on the exchange within one hour.
Live chart | @glassnode
$BTC is sitting above $43k after climbing consistently over the past week, reaching a new ATH of $44,127 today.
On-chain metrics continue to signal favorable conditions as the #Bitcoin supply remains restricted.
Read more | #TheWeekOnChain
On-chain metrics continue to signal favorable conditions as the #Bitcoin supply remains restricted.
Read more | #TheWeekOnChain
Glassnode Insights - On-Chain Market Intelligence
The Week On-Chain (Week 6, 2021)
BTC has exceeded $40k once again after climbing consistently over the past week. On-chain metrics continue to show favorable conditions as the BTC supply remains restricted.
While $ETH is hovering at all-time highs, CME's Ether Futures saw a total of $34.1 million in trading volume on its first day.
Open interest of the CME ETH futures product is currently at $20M.
#Ethereum
Live chart | @glassnode
Open interest of the CME ETH futures product is currently at $20M.
#Ethereum
Live chart | @glassnode
According to Dormancy Flow (entity-adjusted), we haven't even crossed the bear/bull threshold yet.
#Bitcoin
Live chart | @glassnode
#Bitcoin
Live chart | @glassnode
#BTC miners just made over $4 million in a single hour – the highest hourly miner revenue in Bitcoin's history so far.
Live chart | @glassnode
Live chart | @glassnode
Since the Grayscale #Ethereum Trust reopened in February, at total of 195,000 ETH have flown into the trust.
53,000 #ETH were added yesterday alone.
The current AUM of the ETHE Trust is $5.5B – more than double since the beginning of the year.
Live chart | @glassnode
53,000 #ETH were added yesterday alone.
The current AUM of the ETHE Trust is $5.5B – more than double since the beginning of the year.
Live chart | @glassnode
Previous #Bitcoin bull markets are characterized by fingerprints of increased miner outflows of $BTC that had been acquired throughout prior years.
Even though we're seeing slightly higher outflows of older BTC, this same pattern has not emerged in the current bull market.
@glassnode
Even though we're seeing slightly higher outflows of older BTC, this same pattern has not emerged in the current bull market.
@glassnode
ATH: There are now more 94,000 #Bitcoin addresses holding at least $1 million worth of $BTC.
The steep increase in mid December marks the point when BTC crossed $20,000 – making all early miner addresses (50 BTC rewards) millionaire addresses.
Live chart | @glassnode
The steep increase in mid December marks the point when BTC crossed $20,000 – making all early miner addresses (50 BTC rewards) millionaire addresses.
Live chart | @glassnode