Glassnode

2021-08-04 09:14:19 It is estimated that the Patoshi entity mined 1.096M $BTC during the early days of #Bitcoin life.

At the ATH, these coins were worth almost $70 Billion.

An additional 717k $BTC are estimated to be held by the rest of the miner cohort.

Live Chart Open / Comment

2021-08-03 21:00:03 The Week On-chain Video Report #31 is live.

In our analysis, we cover the market reaction to recent positive price action.

In particular, we assess which cohorts of holders took profits, the trend of spending vs accumulation, and metrics to keep an eye on.

You can see all our video analysis and metric tutorials on Glassnode Studio Open / Comment

2021-08-03 08:09:54 #Bitcoin on-chain data demonstrates a pattern of accumulation is in play, similar in structure to early-mid 2018.

A key difference in 2021 is 10% more supply is held by long-term holders, so it starts from a higher base.

Read more in The Week On-chain Open / Comment

2021-08-02 19:00:03 #Bitcoin rallied above $42k this week, providing relief to the recent consolidation.

This week, we analyse the on-chain market response, magnitude of profits taken, and holder spending vs accumulation behaviour.

Read More in The Week On-chain Open / Comment

2021-07-30 08:51:37 #Bitcoin has seen a resurgence in Active Entities over the past week, rising by 30% from 250k to 325k active entities per day.

This degree of activity was sustained in July 2020 when $BTC prices were around $11.3k in Q2-2020.

Live Chart Open / Comment

2021-07-29 19:00:04 This week in #DeFi Uncovered, we take a deep dive into the fundamentals, performance and supply dynamics of the $SUSHI project.

We map out the Sushi ecosystem, products, on-chain metrics and protocol incentives.

Read More in DeFi Uncovered and subscribe for more DeFi insights. Open / Comment

2021-07-27 19:00:02 The Week On-chain #30 Video Report is live.

We analyse:
- Market structure and the short squeeze
- Changes in derivative market positioning
- Divergence between price and on-chain activity
- Network profitability

Live Dashboard and Video Report Open / Comment

2021-07-26 19:00:04 The #Bitcoin price has squeezed higher early Monday morning in what appears to be a short squeeze.

In this weeks analysis, we review derivatives and on-chain markets to assess whether fundamentals support the rally.

Read more in The Week On-chain Open / Comment

2021-07-26 09:12:00 As #Bitcoin prices rally higher, over 2.1M $BTC have returned to profitability based on their realised price.

This indicates that 11.2% of the circulating supply has an on-chain cost basis between $29k and $38k.

Live Chart Open / Comment

2021-07-22 09:06:48 #Bitcoin Short-term Holder MVRV measures deviation of price away from the realised price (STH cohort cost basis).

Very low values indicate STHs are holding coins significantly below their acquisition cost.

In bearish trends, this has typically aligned with capitulation events.

Live Chart Open / Comment