As volatility squeezes out of the #Bitcoin market, it is starting to feel like the calm before the storm.

This week we analyse a range of metrics seeking bull/bear triggers for
- Miners
- Exchanges
- Derivatives
- Investors

Read more in The Week On-chain

#Bitcoin aged between 2y-5y old were accumulated between 2016 and 2019 at prices ranging from $640 to $20k.

Conviction of these investors remains strong this cycle, now holding over 22.9% of the $BTC supply

Read our analysis on coin maturation patterns in The Week On-chain

The Week On-chain Video Report #28 is live on Glassnode Studio.

We analyse a broad scope of the #Bitcoin market:
- Mining market dynamics
- Exchange flows and Derivatives
- Coin maturation and holding patterns
- Deep dive into the HODL waves

See our Video Report

As yields across #Ethereum #DeFi compress, active participants seek out new pools, projects and protocols to find fresh yield opportunities

This week we analyse a number of less obvious sources of yield available in the market

Read more in DeFi Uncovered

#Bitcoin is currently trading near the lows of a significant on-chain volume node.

Between prices of $31k and $34.3k, over 1.86M $BTC have transacted on-chain, equivalent to 9.93% of the circulating supply.

This is now convincingly the largest realised volume cluster since $12k.

Live Chart

#Bitcoin is trading on the edge of a large on-chain volume support level, with a high volatility move likely just over the horizon.

This week, we analyse the Bull and Bear cases using the full suite of on-chain metrics.

Read more in The Week On-chain

Tune in for our analysis of the Bull, and Bear case for #Bitcoin in this Week On-chain Video.

We assess:
- Short vs Long range indicators
- Institutional demand
- On-chain activity
- Miners and HODLers
- Coin maturation
- Probability of Supply Squeeze

Video Report

The #Bitcoin Realised Cap tracks the aggregate value of all coins at the price when last moved.

It rises when coins are spent at a net profit, and declines when spent at a loss.

Since mid-May, the market has absorbed over $15B in net losses.

Live Chart

The #DeFi ecosystem has seen capital redistribution out of risk-on speculation, and into risk-off stablecoin yield generation.

In our analysis, we present a short-term bear case for DeFi, alongside future growth opportunities.

Read more in DeFi Uncovered and subscribe for more DeFi insights.

#Bitcoin Short-term Holder MVRV measures deviation of price away from the realised price (STH cohort cost basis).

Very low values indicate STHs are holding coins significantly below their acquisition cost.

In bearish trends, this has typically aligned with capitulation events.

Live Chart

As #Bitcoin prices rally higher, over 2.1M $BTC have returned to profitability based on their realised price.

This indicates that 11.2% of the circulating supply has an on-chain cost basis between $29k and $38k.

Live Chart

The #Bitcoin price has squeezed higher early Monday morning in what appears to be a short squeeze.

In this weeks analysis, we review derivatives and on-chain markets to assess whether fundamentals support the rally.

Read more in The Week On-chain

The Week On-chain #30 Video Report is live.

We analyse:
- Market structure and the short squeeze
- Changes in derivative market positioning
- Divergence between price and on-chain activity
- Network profitability

Live Dashboard and Video Report

This week in #DeFi Uncovered, we take a deep dive into the fundamentals, performance and supply dynamics of the $SUSHI project.

We map out the Sushi ecosystem, products, on-chain metrics and protocol incentives.

Read More in DeFi Uncovered and subscribe for more DeFi insights.

#Bitcoin has seen a resurgence in Active Entities over the past week, rising by 30% from 250k to 325k active entities per day.

This degree of activity was sustained in July 2020 when $BTC prices were around $11.3k in Q2-2020.

Live Chart

#Bitcoin rallied above $42k this week, providing relief to the recent consolidation.

This week, we analyse the on-chain market response, magnitude of profits taken, and holder spending vs accumulation behaviour.

Read More in The Week On-chain

#Bitcoin on-chain data demonstrates a pattern of accumulation is in play, similar in structure to early-mid 2018.

A key difference in 2021 is 10% more supply is held by long-term holders, so it starts from a higher base.

Read more in The Week On-chain

The Week On-chain Video Report #31 is live.

In our analysis, we cover the market reaction to recent positive price action.

In particular, we assess which cohorts of holders took profits, the trend of spending vs accumulation, and metrics to keep an eye on.

You can see all our video analysis and metric tutorials on Glassnode Studio

It is estimated that the Patoshi entity mined 1.096M $BTC during the early days of #Bitcoin life.

At the ATH, these coins were worth almost $70 Billion.

An additional 717k $BTC are estimated to be held by the rest of the miner cohort.

Live Chart

This week in DeFi Uncovered we explore the rise of #NFTs and crypto-gaming.

We map out the basics of the #NFT space, and assess the volume and demand metrics describing its meteoric growth.

Read more in this week's issue of DeFi Uncovered

The proportion of #Bitcoin supply held by LTHs continues to trend higher as coins are held dormant.

Previous bull markets were triggered when LTH supply reached between 63.6% and 71.5% although often after many months at these levels.

LTHs currently hold 66% of the $BTC supply.