Glassnode

2021-06-02 19:00:00 The DeFi ecosystem is constantly expanding with new ideas, innovations and protocol designs.

This week we explore and assess a suite of experimental lending platforms, with a focus on protocol design, risks and opportunities

Read our analysis and subscribe for more DeFi insights Open / Comment

2021-06-01 19:00:06 Our threshold for #Bitcoin Long-Term Holders are coins dormant for > 5-months.

At current prices, LTHs who accumulated in late-Dec to early-Jan are approaching their cost basis.

This will test the conviction of the market.

Read more in The Week On-chain Open / Comment

2021-05-31 19:00:03 The #Bitcoin market consolidates after selling-off last week, as investors demonstrate unique spending behaviours on-chain.

We Assess
- Market pain points
- Spending patterns on-chain
- Analysis of sellers and hodlers

Read more in The Week On-chain Open / Comment

2021-05-31 08:46:42 The #Bitcoin market currently has three supply trends in play:

- Short Term Holders are distributing.
- Long Term Holders are HODLing/Accumulating.
- Miners are Accumulating.

The $BTC market is a battleground between the bulls and the bears.

Live Chart Open / Comment

2021-05-28 19:00:03 After one of the most dramatic sell-offs in #Bitcoin history, the conviction of investors has been put to the test.

In this piece we assess:
- Market structure leading into the crash
- Bull and Bear cases of various metrics
- BTC holder sentiment on-chain

Read our analysis here. Open / Comment

2021-05-27 07:47:33 As #Bitcoin price falls, the supply of the big three stablecoins $USDT, $USDC and $DAI have continued up and to the right.

During this sell-off, stablecoins have grown by:
$USDT up $14.2B
$USDC up $9.72B
$DAI up $1.22B

Flight to safety? or dry powder?
Live Chart Open / Comment

2021-05-26 19:00:04 The #DeFi ecosystem was put to the test last week, as collateral value fell, gas prices spiked, and demand for stablecoins increased.

In this piece we analyse the resilience of #DeFi protocols, and the response of the market to a rapid 50% price mark-down.

Read our Analysis here and Sign-up here for more DeFi related insights. Open / Comment

2021-05-25 19:00:07 #Bitcoin Net Unrealized Profit and Loss is a macro cycle oscillator which tracks the magnitude of profit held in $BTC.

The market is currently testing a NUPL value of 0.5 which is typical for deep bull cycle corrections.

Read More in The Week On-chain Open / Comment

2021-05-25 08:38:07 The Grayscale $GBTC Discount has risen from a peak low of -21.23% to a smaller discount of -3.8%.

$GBTC has sustained a discount to spot #Bitcoin prices for 3 months. Positive price momentum started on May 12, early in the current correction.

Live Chart | @glassnode Open / Comment

2021-05-24 19:00:02 #Bitcoin has experienced a tremendous deleveraging, with prices falling over 50%, and on-chain entities taking historically large losses.

We analyse:
- Magnitude of Losses
- Cross Section of Sellers
- Market Deleveraging

Read more in The Week On-chain Open / Comment