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

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

#Ethereum miners earned $3.5M (!) in a single hour – the highest hourly revenue to date.

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

$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

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

According to Dormancy Flow (entity-adjusted), we haven't even crossed the bear/bull threshold yet.

#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

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

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

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

Record day: Trading volume on CME crossed the $5 billion mark for the first time.

#Bitcoin

Live chart | @glassnode

Institutional demand: One week after #Ethereum futures launched on CME, daily trading volume reached a total of $75.8M yesterday – almost doubling Friday's volume of $40M.

Meanwhile, open interest has increased to $62 million.

Live chart | @glassnode

Open interest on #Bitcoin futures contracts across major exchanges is at $17.5 billion.

Live chart | @glassnode

#Bitcoin MVRV-Z crosses a value of 7 into red territory for the first time since Dec 2017.

While this indicator suggests we could be in the advanced phase of the bull market, $BTC can still significantly grow from there.

In 2017, BTC made another ~2x.

Live chart | @glassnode

While $BTC crosses above $57k, we are not seeing a significant increase in funding rates yet.

The average funding rate for perpetual swaps across major exchanges is currently around 0.05%.

#Bitcoin

Live chart | @glassnode

Just a few days after the world's first #Bitcoin ETF started trading, its holdings are at 8,288 BTC – 2,251 were added yesterday alone.

The ETF's AUM has crossed half a billion USD, currently sitting at $564M.

Live chart | @glassnode

The #Bitcoin futures market saw a new record volume yesterday – more than $180B were traded across major exchanges.

Live chart | @glassnode

#Bitcoin funding rates are trending further down and have reached levels not seen since almost a month.

Live chart | @glassnode

Yesterday another 417 BTC were added to the Canadian #Bitcoin ETF – it now holds more than 10,000 BTC.

Live chart | @glassnode

The daily #Bitcoin Spent Output Profit Ratio (SOPR) has seen a full reset, and turned negative for the first time in five months – investors were on average moving BTC at a slight loss, indicating profit-taking has abated.

Live chart | @glassnode