Glassnode

2021-07-09 03:38:18 #Bitcoin funding rates on Perpetual Futures markets have been consistently negative since the Sell-off in May.

The last time funding rates remained negative for such an extended period of time was in Mar-Apr 2020.

Live Chart Open / Comment

2021-07-07 19:00:02 The #Ethereum DeFi ecosystem caught a bid last week, the question is whether it is a fundamental repricing, or a relief rally.

We analyse whether on-chain activity on #Ethereum and Polygon support the bounce in token prices.

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

2021-07-07 05:59:15 On-chain activity remains relatively muted for #Bitcoin and #Ethereum as USD denominated transfer volume returns to Dec-Jan 2020-21 levels

#Bitcoin is settling ~$236M/day
Live Chart

#Ethereum is settling $160M/day in $ETH transfers
Live Chart Open / Comment

2021-07-06 19:00:04 As the #Bitcoin mining market reacts to an estimated 50% of the hash-power coming offline, on-chain metrics provide insight into the magnitude of the shift.

Our latest Week On-chain Video Report is now available for full details.

The Week On-chain Video Report Open / Comment

2021-07-06 15:00:47 Last week, the #Bitcoin network mined the slowest 24hr average block-time since the 2009 cypherpunk era.

This was a time before $BTC even had a price and coins were mined by Satoshi on CPUs.

Read more in The Week On-chain Open / Comment

2021-07-05 19:00:06 The Great Hash-power Migration is underway as an estimated 50% of $BTC mining hardware comes offline.

This week we analyse this seismic shift in the #Bitcoin mining market as observed in on-chain data.

Read more in The Week On-chain Open / Comment

2021-07-03 10:02:45 #Bitcoin mining difficulty just saw its largest downward adjustment in history: -28%

Live Chart | @glassnode Open / Comment

2021-07-02 19:00:04 The #Bitcoin inflation rate briefly fell to 0.71% on 27-June, the lowest level in history.

Blocks will be mined slower when large volumes of hash-power come off the network, and prior to the difficulty adjusting down (estimated to be -27.6% on 3-July).

Live Chart Open / Comment

2021-07-01 19:00:05 Total UTXO count for #Bitcoin hit an ATH of 125M in early May, after which 2 Million UTXOs were spent during the sell-off and capitulation events.

The total number of UTXOs has recovered by 800k since the low of 123M UTXOs set in early June.

Live Chart Open / Comment

2021-07-01 09:00:53 The #Bitcoin difficulty ribbon has inverted, as the network responds to the 'Great Hash-power Migration'.

This does not factor in the upcoming ~27% downwards adjustment expected on 3-Jul. This will invert the ribbon to the greatest extent since 2018.

Live Chart Open / Comment