#Bitcoin markets have experienced another liquidation cascade, with prices falling $8.8k in a single day.
This forced closed over $5.4B worth of futures contracts, in a large scale deleveraging event.
We assess the impact in derivative and spot markets.
Read more in The Week Onchain
This forced closed over $5.4B worth of futures contracts, in a large scale deleveraging event.
We assess the impact in derivative and spot markets.
Read more in The Week Onchain
#Bitcoin markets experienced to a sharp decline in prices over the weekend in a large deleveraging.
A key question is whether investor sentiment has been shaken?
in this week's video, we assess the response of both derivatives, and on-chain/spot markets.
Watch our Video Analysis for Week 49
A key question is whether investor sentiment has been shaken?
in this week's video, we assess the response of both derivatives, and on-chain/spot markets.
Watch our Video Analysis for Week 49
#Bitcoin hashrate has almost completely recovered, sitting only 4% below the ATH (7-day moving average basis).
Network hashrate fell by over 50% in May following China's ban on #Bitcoin mining
Hashrate has since climbed by 93% from the lows, hitting 172 Exahash/s today.
Live Chart
Network hashrate fell by over 50% in May following China's ban on #Bitcoin mining
Hashrate has since climbed by 93% from the lows, hitting 172 Exahash/s today.
Live Chart
The #Bitcoin market hovers precariously below $50k, as the bulls, and bears draw their lines in the sand.
After a significant deleveraging in derivatives markets, onchain data provides insight into the most likely $BTC move.
Read more in The Week Onchain
After a significant deleveraging in derivatives markets, onchain data provides insight into the most likely $BTC move.
Read more in The Week Onchain
The #Bitcoin circulating supply has now passed 18.9M $BTC, which is 90% of the total 21M coins that will ever exist.
It took 12.9yrs to mine the first 90% of the supply, and will take approximately 112yrs to mine the remaining 2.1M $BTC
Live Chart
It took 12.9yrs to mine the first 90% of the supply, and will take approximately 112yrs to mine the remaining 2.1M $BTC
Live Chart
Our video analysis report for Week #50 is live!
We analyse the Bull/Bear line in the sand, in the aftermath of last weeks deleveraging event.
#Bitcoin is on the edge of investor supply profitability, where, historically, the bulls have to step in and provide support.
We analyse the Bull/Bear line in the sand, in the aftermath of last weeks deleveraging event.
#Bitcoin is on the edge of investor supply profitability, where, historically, the bulls have to step in and provide support.
The Canadian #Bitcoin Purpose ETF has added 6,341 $BTC in assets under management since the $69k ATH.
This represents an increase of 26.2% in coin holdings, even whilst prices drawdown over 34% in that time.
Live Chart
This represents an increase of 26.2% in coin holdings, even whilst prices drawdown over 34% in that time.
Live Chart
#Bitcoin mining difficulty is just 3.5% below the all-time-high.
It has taken 180-days to almost fully recover from 52% of network hash-power going offline during the Great Migration.
Live Chart
It has taken 180-days to almost fully recover from 52% of network hash-power going offline during the Great Migration.
Live Chart
#Bitcoin miner unspent supply is currently sitting just 500 $BTC below ATH.
These coins are issued to miners as a reward for solving a block, but have never been spent onchain.
Miners started HODLing significantly more $BTC since March 2020.
Live Chart
These coins are issued to miners as a reward for solving a block, but have never been spent onchain.
Miners started HODLing significantly more $BTC since March 2020.
Live Chart
#Bitcoin continues to consolidate as macro uncertainty creates weakness across global markets.
In this edition, we assess both Short-, and Long-Term Holder cohorts, and how they are responding to a very top-heavy coin supply
Read more in The Week Onchain
In this edition, we assess both Short-, and Long-Term Holder cohorts, and how they are responding to a very top-heavy coin supply
Read more in The Week Onchain
#Bitcoin is currently a very top heavy market, with around 24.6% of the total supply held at an unrealized loss.
In this week's Video Report, we analyse various onchain cohorts, to gauge their profitability, and whether they are buying, or selling $BTC.
Watch our Video Report
In this week's Video Report, we analyse various onchain cohorts, to gauge their profitability, and whether they are buying, or selling $BTC.
Watch our Video Report
#Bitcoin supply is moving from a Liquid, to Illiquid state at a rate of 100k $BTC per mth.
Illiquid coins are those sent to an address with little history of spending, generally associated with investor accumulation, and bull market buyers.
Live Chart
Illiquid coins are those sent to an address with little history of spending, generally associated with investor accumulation, and bull market buyers.
Live Chart
In our final newsletter for the year, we review the performance of #Bitcoin throughout 2021.
We assess fresh ATH in hash-rate, transfer of $BTC from STHs to LTHs, flow of exchange funds, and a 2x in futures leverage.
Read our analysis in The Week Onchain
We assess fresh ATH in hash-rate, transfer of $BTC from STHs to LTHs, flow of exchange funds, and a 2x in futures leverage.
Read our analysis in The Week Onchain
Our last weekly Video Report is live for 2021!
We assess #Bitcoin performance across a number of key metrics, including mining markets, supply dynamics, and derivatives.
Most interesting is the macro flow of $BTC from short-term hands, to patient hands.
Watch out final Video Report for Week 52.
We assess #Bitcoin performance across a number of key metrics, including mining markets, supply dynamics, and derivatives.
Most interesting is the macro flow of $BTC from short-term hands, to patient hands.
Watch out final Video Report for Week 52.
Happy New Year from Glassnode!
#Bitcoin has had a slow start to 2022, with prices consolidating, and onchain activity barely above bear market trends.
Supply dynamics remain moderately constructive, despite trading below the Short-Term Holder cost basis.
Read our first Week Onchain Newsletter for 2022
#Bitcoin has had a slow start to 2022, with prices consolidating, and onchain activity barely above bear market trends.
Supply dynamics remain moderately constructive, despite trading below the Short-Term Holder cost basis.
Read our first Week Onchain Newsletter for 2022
Our first Video Report is live for 2022!
We provide an assessment of #Bitcoin onchain activity, and recent supply dynamics.
The analysis also covers $BTC movements from Liquid into Illiquid wallets, and the cost basis of Long- and Short-Term Holders.
Watch our Video Report here.
We provide an assessment of #Bitcoin onchain activity, and recent supply dynamics.
The analysis also covers $BTC movements from Liquid into Illiquid wallets, and the cost basis of Long- and Short-Term Holders.
Watch our Video Report here.
#Bitcoin long liquidation dominance has hit 69%, the highest level since the May 2021 deleveraging event.
This means that the majority of liquidations in futures markets over recent weeks were long traders attempting to catch the knife.
Live Chart: https://glassno.de/3Ghx9QH
This means that the majority of liquidations in futures markets over recent weeks were long traders attempting to catch the knife.
Live Chart: https://glassno.de/3Ghx9QH
The #Bitcoin market sold off again this week, seeing 6 of 7 days closing in the red.
Meanwhile, open interest in futures markets soars to new ATHs, longs are liquidated, and a possible short squeeze is developing.
Read our analysis in The Week Onchain
Meanwhile, open interest in futures markets soars to new ATHs, longs are liquidated, and a possible short squeeze is developing.
Read our analysis in The Week Onchain
#Bitcoin Futures open interest has pushed to new ATHs this week, increasing the chances of a leverage flush.
However, with many longs already liquidated, could it squeeze out shorts?
Watch our latest Video Report for our assessment of market conditions.
However, with many longs already liquidated, could it squeeze out shorts?
Watch our latest Video Report for our assessment of market conditions.
The #Bitcoin Bears are putting the pressure on HODLers, pushing the total supply in profit down to 70%.
Meanwhile, derivatives leverage remains very hot, with funding rates heading into negative territory last week.
Read our analysis in The Week Onchain
Meanwhile, derivatives leverage remains very hot, with funding rates heading into negative territory last week.
Read our analysis in The Week Onchain
#Bitcoin bears are putting the pressure on this week, driving network profitability to multi-month lows.
Meanwhile, supply dynamics are still constructive, and a potential short squeeze remains a short-term possibility.
Watch more in our Video Report for Week 3
Meanwhile, supply dynamics are still constructive, and a potential short squeeze remains a short-term possibility.
Watch more in our Video Report for Week 3