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Pioneering on-chain market analysis. Advanced charts/data/insights for investors in Bitcoin and digital assets. https://studio.glassnode.com/
We are delighted to announce the launch of our new monthly newsletter, Finance Bridge!
It provides institutional investors with a unique, data-driven perspective on the dynamics driving the cryptocurrency market.
The highlights from this edition are:
Market Momentum: Our indicators suggest that the market may have moved beyond a bottom formation phase and may be on its way to recovery, in spite of occasional price fluctuations.
Risk Vectors: The upcoming Mt. Gox Bitcoin distributions and the movements of US Government-held Bitcoin could emerge as significant catalysts for market volatility.
On-Chain Basics: Understanding Payload, this metric refers to the actual value of transactions being moved on the Bitcoin network. Tracking this metric allows investors to gauge the true adoption and usage of Bitcoin.
Read the first edition here: https://glassno.de/3NiK6jc
High volatility for #Bitcoin is on the horizon, as liquidity and volumes decline across the board.
With price ranges compressed, and on-chain transfers at cycle lows, $BTC is unlikely to sit still for very long.
Watch more in our latest Week On-chain video report
#Bitcoin experienced an unexpected demand for blockspace last week, as speculators rushed to mint BRC-20 tokens.
This resulted in immense fee pressure, miner fee revenue near ATHs, and fees surpassing the $BTC block subsidy for the fifth time ever.
Read our latest analysis in The Week On-chain
We previously simulated the potential economic outcomes of ETH withdrawals enabled by the Shapella upgrade.
In this edition, we will examine what actually happened to the 1.55M withdrawn ETH, and how stake has reshuffled between stakers, staking service providers, and sell-side pressure.
Find out more in the latest Week On-Chain.
#Bitcoin markets experienced significant volatility last week, selling off on rumours of #MtGox and the US Government distributing coins.
In this weeks video report, we address these events, and assess whether the $BTC rally has reached overheated status
Watch the latest Week On-chain video report.
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We are happy to announce that we will be attending Consensus 2023 later this week!
Our US Director of Sales, Brett Singer will be there on April 26th and 27th to represent us. Reach out to @Brett_Singer via DM if you want to connect.
#Stablecoins have become an important piece of the puzzle in driving Bitcoin and crypto adoption providing a way through which fiat enters and exits the market.
Join our upcoming webinar, as we dive into the world of stablecoins and explore how utilizing on-chain data can give you a competitive advantage in this dynamic landscape.
Save your seat now: https://glassno.de/3KJkOIn
Be sure to check out the latest podcast discussion between NLW and our lead analyst Checkmate, where they dive into the world of #Bitcoin on-chain data.
We cover how we can use on-chain data to describe the behaviour of HODLers, traders, and speculators, and how it plays out over cycles. The discussion covers:
- How $BTC changed hands in a post-FTX environment
- The movement of coins from whales to smaller holders
- Why the $30k move was largely spot driven, and less so leverage driven
Listen to the podcast at Bitcoin Builders
The highly anticipated Shanghai/Capella hard fork is scheduled to take place on 12-April-2023, enabling the withdrawal of staked #Ethereum.
In this extended edition of the Week On-Chain, we shall evaluate the overall #Ethereum staking landscape, develop a framework to establish staking cohorts, and assess the potential sell-side pressure which may occur due to the unlock event.
Read our analysis in The Week On-Chain
Deposit trends by #Ethereum staking providers have exhibited a clear shift over time with Kraken, Binance and Coinbase jousting for deposit allocations across the Beacon Chain's early days.
As the dust settled between the three giants, it was Lido who emerged victorious, continuing to dominate deposit inflows at present.
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We've just launched a powerful new backtesting suite for Workbench, designed to help traders, investors, and analysts improve decision-making, optimize trading strategies and portfolio performance, manage risk, and find an extra edge in the market.
Discover effective use cases and learn more about the backtesting feature at https://glassno.de/40kRwXc
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#Bitcoin has out-performed this week, rallying 35.8% against a backdrop of challenging conditions for the traditional financial system.
This week, we explore how #Bitcoin appears to be shifting up a gear, and rallying out of deep bear market territory.
Read our analysis in The Week On-chain.
In the world of #Bitcoin & digital assets, reliable data is the cornerstone of an effective decision-making process.
In our upcoming webinar we show you how Point-in-Time metrics can help in creating better trading strategies and managing risks.
Save your seat: https://glassno.de/42p7sbk
We’re excited to announce that we’ll be attending Europe’s biggest institutional digital assets event of the year!
Visit the Glassnode Booth 24 at the #DigiAssets Conference by tradetech taking place in London, 24-25 May to talk on-chain data.
#Bitcoin has experienced a massive surge in demand for blockspace this week, pushing fees above the block subsidy reward in some blocks.
Our latest video report explores what is going on, and how we can assess the impact on #Bitcoin using on-chain data.
Watch our latest analysis in The Week On-chain video Report
#Bitcoin is experiencing extremely high demand for blockspace, driven by BRC-20 tokens, utilizing text based inscriptions, and ordinals
This is a revenue boost for Miners, as the average fee paid per block has reached 2.905 $BTC, near past bull peaks.
A few recent blocks have seen tremendous total fees paid of 5.87 $BTC, approaching 94% of the 6.25 $BTC block subsidy.
📊 Live Chart
This week, the market experienced a sharp sell-off, following what turned out to be false rumors related to distributions by the Mt. Gox Trustee, and the US Government.
Add to this the revival of 3.2k ancient Bitcoin, and the market found itself amidst serious volatility.
Discover more on ancient Bitcoin supply, Mt. Gox, and US Government coins in the latest Week On-Chain.
Stablecoins are not immune to hazards like infrastructural flaws, regulatory measures, or bank runs. Are you equipped to handle such risks?
Join us for our webinar tomorrow where we will cover a comprehensive framework for stablecoin monitoring, industry developments over the last few years, key takeways to apply to your own strategy and much more!
Don’t miss the opportunity to gain insight into the world of stablecoins.
Register here: https://glassno.de/3HiegQb
With the strong opening to 2023, the aggregate market has confidently transitioned out of a regime of unrealized loss, towards one of unrealized #profit.
In the latest edition of the Week On-Chain, we focus on the supply foundation formed over recent months and evaluate participant spending #behavior to assess the market conviction towards the prevailing trend.
Discover what happens next in The Week On-Chain
Is the #Bitcoin bear market over?
With a rally 100% off the lows, $BTC is trading above a very large cluster of supply, that formed the 2022 floor.
This week, we investigate indicators showing if the market making a robust bear market recovery...or not.
Read more in The Week On-chain
With #Bitcoin trading above $30k this week, we analyse the degree to which the rally is driven by derivatives leverage, compared to spot demand.
Watch more in our latest video report 📽
https://youtu.be/7BIQ0rUzpqo
We have just released a suite of #Bitcoin Price Performance metrics that compare across:
- Cycles by Halving, ATH, and Cycle Low
- Show Quarterly, Monthly and Weekly performance
- Compare to long-term average and ±1σ moves
Available live in a dashboard
For the first time, the amount of Open Interest in #Bitcoin Options contracts ($10.3B) has surpassed that held in Futures contracts ($10.0B).
Futures OI has been relatively flat in 2023.
This results from significant call option buys, as investors start to speculate on higher $BTC prices.
Live Chart
Our latest video report is live. This week we are investigating investor response to the increasing regulatory pressures on the industry:
- Coin flows in and out of Binance
- Whether sentiment of #Bitcoin holders is shaken
Watch more in The Week On-chain video Report
Our latest #Bitcoin onchain analysis report is live, this week focusing on The Price of Time.
We demonstrate how to use exchange flows, realized profits, and coinday destruction to assess profit taking by the market.
Watch more in our latest video report.
Latest onchain analysis video report is live!
We explore the #Bitcoin rally above $28k, and seek to determine:
- If underlying fundamentals support the strength
- Where we are in the #Bitcoin cycle
- Are profits being taken, and by which entities
Watch our latest video report for The Week On-chain
The price performance of #Bitcoin has been historically strong, returning 35.8% over the last 7-days.
Similar weekly $BTC performance since 2015 have all been related to bull market conditions, however only Nov 2015 occurred early in the up-trend.
Live Chart