#Bitcoin has been driven back above $44k by combined short squeeze, and strong underlying accumulation fundamentals.

We explore these dynamics in our latest video report

The next major on-chain resistance for #Bitcoin is the Short-Term Holder Realized Price, trading at $45.9k.

This metric is the average price paid for $BTC by investors who purchased after the October ATH.

Bearish resistance comes from STHs seeking to 'get their money back'.

#Bitcoin has now broken out of the consolidation range it has been within for over 2-months.

In this edition, we analyse the underlying fundamental strength which supports this rally, and assess whether #Bitcoin is on the road to recovery.

Read more in The Week On-chain

The latest #Bitcoin Week On-chain video report is live, detailing the characteristics of the $BTC rally to $48k.

We analyse both the accumulation support provided by the bulls, as well as the sell-side headwinds by the bears.

Watch our latest Video Report for Week 13.

The Luna Foundation Guard has been in #Bitcoin accumulation mode throughout 2022, adding a total of 30,727 $BTC to their balance so far.

Track the LFG Balance

The Realized Cap HODL waves are a multi-tool for analyzing #Bitcoin supply dynamics.

Watch our latest video 101 guide on how to assess:
- Bull vs bear market cycles.
- Behaviour of Long and Short term $BTC Holders.
- Where we are in the current cycle.

Watch the Realized Cap HODL Wave Video Guide.

#Bitcoin exchange outflow volume recently hit a rate of 96.2k $BTC per month.

Aggregate exchange outflows of this magnitude have only been seen on a handful of occasions through history, with most being after the March 2020 liquidity crisis.

Live Chart

The #Bitcoin network has mined the 19 millionth $BTC, whilst accumulation by Shrimps alone surpass 1.7x daily issuance.

This week also saw an influx of buying from Luna Foundation Guard, inflows into Purpose ETF, and 1k+ $BTC Whales.

Read our analysis in The Week on-chain

Last week was a historically strong period of $BTC accumulation, with exchange balances declining to multi-year lows.

In this analysis, we break-down the cohorts of #Bitcoin accumulators, to better characterise who was participating, and in what size.

Watch our Video Analysis

The #Bitcoin market has struggled to achieve upside momentum, with prices falling below $40k again.

In our latest analysis, we assess the weakness seen in on-chain activity, and the sustained profit taking that is slowing the recovery down.

Read our analysis in The Week On-chain

#Bitcoin has corrected back below $40k, despite prior weeks of strong accumulation.

We are yet to see a follow through in new users on-chain, suggesting we remain in a HODLer dominated market.

We also analyse how mining hashrate continues to new ATHs.

Watch more in our latest video analysis report.

This bear market has restructured #Bitcoin ownership, with $BTC moving out of Short-Term speculative, and towards Long-term investor hands.

On a statistical basis, it appears we have just seen the largest capitulation of both cohorts.

Read our analysis in The Week On-chain

The Week On-chain #Bitcoin video analysis is live for week 16.

In this video, we study how we can observe #Bitcoin changing hands under the surface.

Even Long-Term Holders appear to have capitulated during this bear market.

Watch our video report.

We are pleased to release a new feature, enabling saved Workbench charts to be added to your Dashboard!🗜

You can now add Metrics, Workbench, and Favourite charts via the 'Add Metric' button, unlocking even more customised views of the #Bitcoin, #Ethereum and #Crypto markets.

Over the last five years, #Bitcoin derivatives have expanded and matured significantly.

Perpetual swap futures have emerged as the industries preferred instrument for trading and price discovery.

Read our analysis on the dominance of perpetual swaps in The Week On-chain

#Bitcoin derivatives markets have become the preferred venue for traders, and price discovery, with perpetual swaps taking the lions share.

In this weeks video report, we deep dive into the ever evolving futures and options market and the impact price.

Watch our Video Report

After another rough week in global markets, many #Bitcoin metrics have reached levels only seen in the deepest of bear markets.

We also assess the risk of a large proportion of recent $BTC buyers fall into loss.

Read our analysis in The Week Onchain

#Bitcoin Long-Term Holders continue to capitulate, with a huge divergence between their purchase price (blue) and their selling price (pink).

This is the largest LTH capitulation in #Bitcoin history.

Read more in The Week On-chain

#Bitcoin markets continue to struggle to find price momentum in either direction.

However, under the surface, the ownership structure of $BTC is changing, fundamentals are shifting, and divergences are in play

We explore these ideas, and more in our latest weekly video analysis report.

The #Ethereum "Otherside" NFT mint by Yuga Labs on May 1st lead to record highs in fee-related metrics.

With a net change of -58,280 #ETH in circulating supply due to burned fees, this day is the most deflationary in Ethereum's history to date.

Full Thread | Live Chart

#Bitcoin Futures markets have seen a whirlwind 24hrs following Fed rate hikes yesterday.

Over 26.5k $BTC worth of open interest was added to the market during yesterdays rally.

However during the sell-off today, almost all of this open interest (~25k $BTC) has been closed out.

Live Chart