Currently, almost 10% of all #Bitcoin miner fees are spent for transactions that deposit $BTC to centralized exchanges.

This is a 2x increase since the beginning of the year, and levels we haven't seen since late 2017.

Live chart | @glassnode

Regardless of short-term $BTC price movements, #Bitcoin's hash rate continues to climb – and to hit new ATHs.

At the current rate, miner difficulty is estimated to increase by 11% this Sunday – the second largest positive adjustment in 2020.

Live chart | @glassnode

#Bitcoin's on-chain fundamentals are slipping slowly as BTC's price stagnates around $10k.

Meanwhile, activity within the #Ethereum ecosystem is continually picking up with the rise of DeFi protocols.

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

Read more | #TheWeekOnChain

Following Uniswap's announcement of their governance token $UNI earlier today, #Ethereum saw a massive surge in miner fees.

Almost $1 million USD in fees were spent in a single hour!

This is a new record high (anomalous tx fees earlier this year excluded).

Live chart | @glassnode

ETH supply on centralized exchanges 📉

vs.

ETH supply in smart contracts 📈

#Ethereum

Live chart | @glassnode

#Bitcoin mining difficulty increased today by 11.3%, hitting a new all–time high!

It is the 3rd largest positive adjustment in the past two years.

Live chart | @glassnode

#Bitcoin’s on-chain fundamentals grew stronger during Week 38, but Monday's stock market drop saw BTC fall below $10,500 and threatens to wipe out the gains from the past week.

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

Read more | #TheWeekOnChain

The number of #Bitcoin addresses depositing funds to exchanges has doubled since the beginning of the year.

Currently, around 100k unique addresses send $BTC to exchanges each day.

Last time we saw these levels was during the peak bull market of 2017.

Live chart | @glassnode

#Bitcoin Realized Cap ist at an ATH.

Since $BTC hit $20,000 in December 2017, Realized Cap has grown by $43B to currently $115B – that is an increase of 60%.

Realized Cap values each bitcoin at the time they last moved on-chain, and serves as an estimate for investors' aggregate cost basis.

Live chart | @glassnode

The recent drop in #Bitcoin addresses holding ≥ 1 $BTC is of no concern and has no relevance regarding network fundamentals.

This was merely an exchange doing inhouse cleaning, and merging a bulk of small UTXOs in separate addresses into a single one.

Live chart | @glassnode

#Bitcoin Difficulty Ribbon Compression is trending up and broke out of the green buy zone for the first time since March.

Historically, these have been periods characterized by a positive momentum indicating significant $BTC price increases.

Live chart | @glassnode

#Bitcoin has mostly recovered after dropping rapidly on Monday in response to the stock market.

While its fundamentals remain strong, BTC's correlation with traditional markets is limiting price growth.

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

Read more | #TheWeekOnChain

#Ethereum miners made a total of $166 million from transaction fees in September – setting a new ATH.

This is an increase of 47% compared to the previous record high in August.

In comparison: #Bitcoin miners made $26 million from fees – a difference of more than 6x!

Live chart | @glassnode

According to our data, around 170,000 $BTC (~$1.8 billion USD) are being held in #BitMEX wallets.

That's almost 1% of the circulating #Bitcoin supply.

Live chart | @glassnode

According to our data, last night more than 23,200 BTC were withdrawn from #BitMEX addresses in a single hour (~13% of all BTC in their vaults).

That is the largest hourly $BTC outflow from BitMEX we've observed so far.

#Bitcoin

Live chart | @glassnode

Update: Another batch of ~6k BTC was withdrawn from #BitMEX in the past hour.

In total, over 32,200 $BTC were pulled from the exchange (~19% of funds) in three larges baches since the announcement.

#Bitcoin

Live chart | @glassnode

Despite a number of potentially unsettling events over the past week, BTC has remained largely stable at over $10,000, and #Bitcoin's on-chain fundamentals are still strong.

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

Read more | #TheWeekOnChain

#Ethereum hash rate hits an ATH.

Ethereum miners have pushed the hash rate to a new record high in the wake of the #DeFi hype and surging fees.

It crossed 250T/s and is now up 80% since the beginning of the year.

The last time the hash rate was this high, was in July 2018.

Live chart | @glassnode

$1 billion worth of #BTC (~94,000 bitcoins) are now wrapped in $WBTC on #Ethereum.

That is an increase of almost 20x within the past three months.

Live chart | @glassnode

#Bitcoin hash rate hits a new ATH and touches 170 exahash for the first time in history on the hourly chart (24h MA).

That is an increase of around 40% since the halving in May, substantially adding to the security of the network.

Live chart | @glassnode

The number of #Bitcoin whales (entities holding ≥ 1,000 BTC) has been on an upwards trend for the past months.

An indication that more high-net-worth individuals are entering the space to invest in Bitcoin, expecting $BTC price appreciation.

Live chart | @glassnode