Glassnode

2023-03-06 18:00:56 Identification of #Bitcoin cycle extremes is tricky business, but investor behaviors do tend to rhyme each cycle.

Our latest report covers a new dashboard design which tracks cycle extremes via confluence of:
- MVRV
- SOPR
- Puell Multiple
- Reserve Risk

Watch our latest video report, and see our new dashboard for Spotting Cycle Extremes. Open / Comment

2023-03-03 12:36:23 Our latest product update report has been released, covering the major new products shipping so far YTD.

This includes:
47x New metrics for Professionals
30x New Workbench models
11x Analysis Reports
9x New Dashboards
1x On-chain Signals

Read more in our latest Product Update Report Open / Comment

2023-03-02 07:09:57 We can model the yearly balance change of #Bitcoin wallet cohorts, and compare to volumes of $BTC mined over the last year.

Both Shrimps (< 1 BTC) and Crabs (1-10 BTC) are at ATH accumulation rates by this metric.

- +105% of mined coins
- +119% of mined coins

Both of these cohorts have historically been net #Bitcoin accumulators, consistently growing their balance, but also behaving in line with macro cycles.

Of interest is the period from May to December 2021, where Crabs significantly reduced their accumulation until LUNA collapsed

View this metric in our Entity Balance Change Dashboard which is available for our Professional members. Open / Comment

2023-03-02 04:00:31 Are you a DeFi investor?

Participate in our user research survey and receive free Glassnode merch Open / Comment

2023-02-27 18:00:37 Despite an overhang of regulations, the application layer of #Ethereum continues to flourish.

The #NFT market has seen competitor Blur take market share from leader OpenSea, driven by a strategy focused on pro traders.

Read more in The Week On-chain Open / Comment

2023-02-24 07:27:04 A set of new dashboards for Mastering the MVRV Ratio are now live for both #Bitcoin and #Ethereum, designed to track market cycles, and extremes.

Bitcoin dashboard

Ethereum dashboard

Report on Mastering the MVRV Ratio Open / Comment

2023-02-23 03:03:04 #Bitcoin MVRV Ratio is one of the most popular and widely used on-chain metrics. However, much of the power of MVRV is rarely put to use.

The MVRV can be supercharged, and used to find cycle extremes, market trends, and for early warning of cycle peaks.

In our latest research piece, we explore the #Bitcoin MVRV Ratio from several angles:

- Exploring Extreme Values of the MVRV for spotting cycle tops and bottoms.
- MVRV Momentum and how to use the indicator to track macro bull/bear trends.
- Distribution Divergences showing how MVRV often gives advanced warning of cycle tops that are experiencing heavy distribution (sell-side pressure).

Read more in our latest report, and see all live charts in a newly released dashboard Open / Comment

2023-02-07 00:51:19 After the powerful #Bitcoin rally in Jan, several on-chain oscillators have returned to an equilibrium position.

This aligns with observations from previous bear markets, where a turning of the market tides was underway.

Read more in our latest The Week On-chain newsletter Open / Comment

2023-01-31 23:31:36 Our latest Week On-chain Video report is live.

In this report, we analyze the #Bitcoin rally above $23k from the perspective of:

- Three Waves of Short Squeezes
- Leverage in futures markets
- Spot Exchange $BTC flows
- Average acquisition prices

Watch the latest edition of The Week On-chain Open / Comment

2023-01-31 00:53:48 #Bitcoin markets have seen the strongest monthly price performance since Oct-2021.

This rally is fuelled by both spot demand, and a sequence of short squeezes

We explore these dynamics across derivatives markets, and spot exchanges in our latest edition of The Week On-chain. Open / Comment