Glassnode

2023-11-16 19:10:26 In this week's Glassnode Clips, we focus on BTC and ETH vs Gold:

- Bitcoin's performance against gold was remarkable, almost doubling its gold-purchasing power with a growth exceeding 90%, demonstrating its significant ascendancy in the digital asset market.
- Ethereum, while achieving a 40% increase against gold, did not match Bitcoin's extraordinary growth, reflecting a growing performance disparity between these two leading cryptocurrencies.
- In fluctuating markets, Bitcoin and Ethereum exhibited similar trends on the downside. Yet, during periods of growth, Bitcoin consistently surpassed Ethereum, underscoring its robust performance in comparison to gold and Ethereum.

Discover more in the latest Glassnode Clips below 


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2023-11-13 13:07:39 The fourth #Bitcoin halving is fast approaching, estimated to be in April 2024.

In this edition, we deep dive into the impressive tightness of $BTC supply, and demonstrate how we can measure investor accumulation patterns in the lead up to the event.

By many measures of 'available supply', #Bitcoin is as tightly held by investors as it has ever been relative to total circulating supply.

Meanwhile, rates of accumulation and HODLing far exceed new issuance today.

Read more in The Week On-chain newsletter. Open / Comment

2023-11-02 18:57:20 In this week's Glassnode Clips, we focus on Cointime True Market Mean Price:

- The True Market Mean Price is an updated realized price model that was developed in collaboration with ARK Invest, accurately representing the cost basis for active investors by accounting for lost coins and early miners.
- A critical level in the Bitcoin market is the $28,000 benchmark, which signifies the average active Bitcoin investor's cost basis, and the market's recent movement above this suggests that a majority of these investors are now seeing profits.
- Compared to the tools available in 2015, today's instruments provide a more transparent insight into the market's cost basis, and moving above this significant level is likely to have a profound impact on overall investor sentiment.

Discover more in the latest Glassnode Clips below


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2023-10-27 18:01:08 Bitcoin has seen a 25% surge over the past two weeks, largely driven by the anticipation of a spot BTC ETF and its renewed status as a potential safe haven. But how can we truly measure the confidence behind this rally? Dive into our latest Chart of the Week video where we explore Glassnode's recently-developed indicator, specifically designed to gauge the confidence of new investors in Bitcoin's current price trend. Discover the insights it offers and how it can be affect your trading strategies.

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2023-10-17 18:12:28 Open / Comment

2023-08-25 00:41:46 In this week's Glassnode Clips, we take a closer look at the Bitcoin options market, providing insights into last week's flash crash:

- Implied volatility was historically low before the crash, leaving the market unprepared for sudden price movements.
- Despite the chaos, options open interest remained stable, showing no mass panic and minimal forced deleveraging. This contrasts sharply with the $2.5B mass deleveraging observed in the futures market.
- The options market wasn't the primary catalyst for the sell-off, but it did adjust quickly, with volatility and delta skew rising significantly.

Discover more in the latest Glassnode Clips below 


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2023-08-15 19:30:59 The Bitcoin market has reached a stage of extreme apathy and exhaustion, with volatility measures and several key on-chain indicators reaching all-time-low readings. With the market being somewhat top-heavy, we assess how investors are responding to the boredom.


In the latest Week On-chain edition, we assess:
- The digital asset market which continues trading within a historically low volatility regime, with several metrics indicating extreme apathy and exhaustion has been reached in the $29k to $30k range.
- There are some indicators that the market is slightly ‘top-heavy’ as indicated by the concentration of Short-Term Holder supply and cost basis around the current spot price.
- We explore several new iterations of SOPR by age band as a tool to monitor profit taking behavior by various cross sections of the market.

In our video WoC report, we also deep dive into how we can use the concept of Hot Supply and Single Cycle HODLers to track profit taking behavior during uptrends and rallies. Open / Comment

2023-08-07 17:38:20 The latest Week On-Chain is now live! In this report we focus on:

- Bitcoin prices are infamously volatile, however the market is currently experiencing an extreme volatility compression. Fewer than 5% of trading days have a tighter trade range.

- Futures markets are notably flat, with trade volumes for BTC and ETH both probing all-time-lows, and cash-and-carry yields of 5.3% just slightly above the risk free rate.

- Implied volatility in options markets is undergoing a significant volatility crush, with volatility premiums trading at less than half the 2021-22 baseline.

- Both the put/call ratio, and the 25-delta skew metrics are at all-time-lows, suggesting options markets favour calls, and put options have priced in very light volatility ahead.

Find out more in the latest Week On-Chain
https://glassno.de/3OmRCsF Open / Comment

2023-08-01 19:05:07 The latest Glassnode report is now live; Mastering the Realized Cap Part 1. In this session we focus on:

- The fundamentals and construction of the Realized Cap.

- Understanding the power of Realized Profit and Loss metrics.

- Analysing derivative metrics from the Realized Cap.

- Building market cycle tooling using the priciples covered.

Watch more in our latest Week On-chain video report Open / Comment

2023-06-27 19:36:10 The latest Week On-Chain video report is now live! In this session we focus on:

- Analyzing the fund flows attributed to top #Bitcoin exchanges in the US and Asia regions

- Identifying periods of demand expansion (or contraction) using the concept of ‘hot supply’,

- Evaluating the shift in psychology across the Short-Term Holder cohort in 2023

Get the latest insights in this video



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