#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

The demand for computations on #Ethereum remains persistently high.

The daily gas usage is hitting ATHs and has remained over the 70 billion mark for the past month.

This is an increase of almost 2x compared to the beginning of the year.

Live chart | @glassnode

Percent of #Bitcoin supply held by entities with balance:

0.001 - 0.01 BTC: 0.15%
0.01 - 0.1 BTC: 0.89%
0.1 - 1 BTC: 3.76%
1 - 10 BTC: 9.02%
10 - 100 BTC: 23.77%
100 - 1k BTC: 18.61%
1k - 10k BTC: 22.09%
10k - 100k BTC: 9%
> 100k BTC: 12.7%

Live chart | @glassnode

In contrast to the last two times BTC hit $10,000 USD, we haven't seen an increase in #Bitcoin Days Destroyed today.

Live chart | @glassnode

#Bitcoin flows into centralized exchanges have started to increase.

We are currently seeing the largest hourly net flow spike in over three months (24h MA).

Live chart | @glassnode

Ethereum's Net Unrealized Profit/Loss metric is seeking to move into the "Optimism" zone for the third time in the past 2 years.

If the break is sustained and quickly bridged into the "Belief" zone, this could signal an extended period of ETH price appreciation and the confirmation of a new bull market.

Live chart | @glassnode

With BTC breaking $10k and on-chain fundamentals growing stronger, #Bitcoin hit one of its highest GNI scores this year - pushing deeper into the bullish regime.

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

Read more | #TheWeekOnChain

Despite BTC's recent price surge, we haven't seen large-scale deposits of funds into exchanges.

So far, the #Bitcoin balance on exchanges remains stable – at around 14.5% of the circulating BTC supply.

Live chart | @glassnode

BTC's break above $11,000 has lead to a sharp increase in the on-chain supply in profit.

Currently almost 93% of the circulating #Bitcoin supply is in a state of profit – the highest level in over a year.

Live chart | @glassnode

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Less than halfway from the previous top: #Bitcoin's price drawdown from ATH is currently at -44.1%.

Live chart | @glassnode

Despite BTC's recent surge to $11k, there are currently no signs of weak hands from long-term investors.

#Bitcoin Hodler Net Position Change remains positive since the end of March, with hodlers currently accumulating more than 50k BTC each month.

Live chart | @glassnode

In July, 22.2% of ETH miner revenue came from transaction fees.

This is the highest monthly value in #Ethereum's history, and is a continuation of the sharp upwards trend in past three months.

Live chart | @glassnode

Over 90% of the circulating ETH supply is now in a state of profit, i.e. the current price is higher compared to the price at the time the coins last moved.

Last time this we saw this level was in Feb 2018 when the ETH price was at $925.


Live chart | @glassnode