Glassnode

2021-06-16 05:16:40 The response of 'the little guy' to the evolution of #Bitcoin as an asset can be seen in the supply distribution.

Entities with < 1BTC (sat stackers) almost own 5% of the supply and have accumulated in four accelerating phases.

Live Chart Open / Comment

2021-06-15 19:00:01 Large volumes of $BTC accumulated in the early bull remain tightly held, even as price trades back around their cost basis.

Coins are maturing into 3m-12m age bands indicating Long-Term Holders are unshaken by volatility.

Read more in The Week On-chain Open / Comment

2021-06-14 19:00:01 As #Bitcoin becomes legal tender in El Salvador, Long and Short term investors appear to be taking opposing sides of the trade.

This week, we analyse:
- Short-term traders going short
- Long-term holders staying long

Read more in The Week On-chain Open / Comment

2021-06-11 12:04:37 Following El Salvador confirming #Bitcoin is now legal tender, 1.521M $BTC returned to an unrealised profit during the price bounce.

This means that around 1.521M $BTC (~8% of supply) have an on-chain cost basis between $31.7k and $37.9k.

Live Chart Open / Comment

2021-06-10 10:00:01 Adjusted SOPR provides insight into the magnitude of profit or loss realised by the market on-chain.

Recently, aSOPR persisted below 1 as losses were realised.

Dip buyers also appear to be taking profits as aSOPR has just spiked above 1.

Learn more at Glassnode Academy.

Live Chart Open / Comment

2021-06-09 19:00:02 #Bitcoin Binary CDD (7DMA) shows when old $BTC are on the move greater than average.

After a period of sustained distribution spending by old hands, Binary CDD has fallen back to pre-bull accumulation levels.

Old coins are simply not moving.

Live Chart Open / Comment

2021-06-08 19:00:04 On-chain activity on the #Bitcoin network has dropped off, as investors become uneasy around market direction.

Meanwhile, coins accumulated in the early bull are maturing to Long-Term Holder status at an accelerating pace.

Read more in The Week On-chain Open / Comment

2021-06-07 19:00:03 The demand for both #Bitcoin and #Ethereum blockspace has fallen dramatically this week, with many usage metrics breaking down.

We analyse:
- Active on-chain usage
- Falling blockspace demand
- Long-Term Holder supply

Read more in The Week On-chain Open / Comment

2021-06-04 19:00:05 From March 2020 to the start of May, a total of 744k $BTC moved from Liquid to Illiquid state.

During the recent sell-off, 160k $BTC have been spent back into liquid circulation providing an indication of the supply that has changed hands.

Live Chart Open / Comment

2021-06-03 04:02:58 The average transaction fees for both #Bitcoin and #Ethereum have returned to levels not seen since Jan 2021 and Aug-Sept 2020 during 'DeFi Summer'.

The average transaction fee paid on each network is currently:
$7.38 for $BTC
$6.08 for $ETH

Live Chart Open / Comment