Glassnode

2021-05-10 18:45:01 #Bitcoin on-chain support strengthens as miners return to accumulation and supply held in OTC desks is depleted.

Meanwhile, #Ethereum has been the beneficiary of significant capital rotation, as both price and on-chain metrics reach new ATHs.

Read More in The Week On-chain Open / Comment

2021-05-07 19:00:04 #Bitcoin accumulation by 'sat stackers' has continued slow, steady and uninterrupted for many years.

Addresses holding less than 1BTC now own 5.25% of the circulating $BTC supply.

So far we've not seen a FOMO impulse like 2017 blow-off top.

Live Chart | @glassnode Open / Comment

2021-05-06 19:00:06 #Ethereum supply dynamics tell a compelling story for the future for the protocol.

$ETH on exchanges has fallen to 12.0% of circ. supply, as $ETH in smart contracts rises to 22.8%.

Our Analysis in The Week Onchain Newsletter

Refreshed Ethereum Dashboards

Live Chart | @glassnode Open / Comment

2021-05-05 19:00:04 We have refreshed our pre-set Dashboards to provide improved insights and signals into the #Bitcoin market

The HODLers Dashboard is designed to observe spending patterns of long term investors and old coins.

HODLers Dashboard is available here. Open / Comment

2021-05-04 19:00:07 #Bitcoin supply accumulated in the early phase of this bull market is beginning to mature.

HODLed $BTC are seen in the Realized Cap HODL Waves as the thickness of older age bands swells over time.

Read More in The Week On-chain

Live Chart | @glassnode Open / Comment

2021-05-03 18:45:05 #Bitcoin has bounced from correction lows as $BTC coins mature, HODLing behaviour strengthens and stablecoin supplies hit ATH.

#Ethereum also shows market strength as throughput increases, exchanges are drained and DeFi absorbs $ETH.

Read more in The Week On-chain Open / Comment

2021-05-03 09:40:50 As $ETH price reaches over $3,000 setting a new ATH, the NVT Ratio is driven back down towards this cycles lows.

Low NVT Ratios indicate transaction volumes are high and growing faster than the network market cap.

Today's market strength is supported by volume settled on-chain.

Live Chart | @glassnode Open / Comment

2021-04-28 19:00:03 #Bitcoin supply held by Long Term Holders (LTH) usually needs to be spent to 'put the top in'.

At the 2017 top, LTHs had reduced their holdings from 74% at the point of 'Peak Hodl' down to 58% of circ. supply.

Currently, coins accumulated in late 2020 are maturing and LTH owned supply is actually increasing > 67%.

We analysed this metric in Week 12 of The Week On-chain Newsletter for more details.

Live Chart | @glassnode Open / Comment

2021-04-27 19:00:00 #Bitcoin lifespan metrics provide unique insight into the spending patterns of long term holders.

Lifespan metrics will trend higher when older coins are spent, and trend lower when they remain dormant.

The ASOL, CDD and Dormancy metrics are all back down to late 2020 levels, indicating high conviction to HODL remains.

- ASOL represents the average age of all spent UTXOs (i.e. average age per transaction)
- Dormancy represents the average age per unit of BTC moved (i.e. average age per 1 BTC)
- CDD represents the total volume of coin-days destroyed (i.e. global total of lifespan spent that day)

Read our analysis in The Week On-chain

Live Dashboard | @glassnode Open / Comment

2021-04-26 18:45:11 #Bitcoin price continued to slide lower last week, as on-chain data signals a healthy shake-out.

We analyse:
- Peaks in on-chain activity
- New hands shaken out
- Old hands and miners hold strong
- #Uniswap usage growth

Read More in The Week On-chain Open / Comment