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

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

#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

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

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

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

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

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

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

300 million USDT moved from the Tether Treasury into Binance.

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

#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

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 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

As altcoin prices surge, #Chainlink has emerged as one of the biggest winners.

With liquidity pouring into the asset, #LINK is hitting all-time highs not just in terms of price, but also on-chain metrics.

Read more | #Insights

#Ethereum gas prices continue to rise.

The daily median gas price has increased by more than 5x since April, surpassing 50 Gwei yesterday for the first time in almost 2 years.

Live chart | @glassnode

#Bitcoin Reserve Risk has been constantly in the green zone since Sept 2019, indicating high investor confidence throughout the last months.

These levels of the Reserve Risk signal an attractive long-term risk-reward ratio for BTC.

Live chart | @glassnode

For yet another week, BTC's price has stayed consistent at around $9200. Meanwhile, its on-chain fundamentals continue to grow stronger - pushing #Bitcoin further into the bullish Regime 1.

Read about this week’s developments in the latest Week On-Chain.

Read more | #TheWeekOnChain

The USD value of #bitcoin transfers has significantly been growing.

The median on-chain BTC transfer volume is currently at $195 – an increase of more than 100% since the beginning of the year.

The only other time we've seen higher levels was between Nov 2017 and Mar 2018.

Live chart | @glassnode

Special Guest Report

In The Network is a new report by Formal Verification, providing an on-chain exploration into the current state of the #Bitcoin network and its surrounding ecosystem using a multitude of both established and exotic metrics.

We partnered with the author, Lewis Harland, to provide the data for this report.

Read it now | #PoweredByGlassnode