#Bitcoin has out-performed this week, rallying 35.8% against a backdrop of challenging conditions for the traditional financial system.

This week, we explore how #Bitcoin appears to be shifting up a gear, and rallying out of deep bear market territory.

Read our analysis in The Week On-chain.

Latest onchain analysis video report is live!

We explore the #Bitcoin rally above $28k, and seek to determine:
- If underlying fundamentals support the strength
- Where we are in the #Bitcoin cycle
- Are profits being taken, and by which entities

Watch our latest video report for The Week On-chain

Need an extra edge to stay ahead of the curve?

Our Advanced plan offers an exclusive collection of powerful dashboards, charts and tools to help you make smarter trading and investment decisions in crypto markets.

For a limited time, you can save 30% on your Advanced plan.

Upgrade today 👉 https://glassno.de/3LYdkUm

Our latest #Bitcoin onchain analysis report is live, this week focusing on The Price of Time.

We demonstrate how to use exchange flows, realized profits, and coinday destruction to assess profit taking by the market.

Watch more in our latest video report.

We've just launched a powerful new backtesting suite for Workbench, designed to help traders, investors, and analysts improve decision-making, optimize trading strategies and portfolio performance, manage risk, and find an extra edge in the market.

Discover effective use cases and learn more about the backtesting feature at https://glassno.de/40kRwXc

Our latest video report is live. This week we are investigating investor response to the increasing regulatory pressures on the industry:

- Coin flows in and out of Binance
- Whether sentiment of #Bitcoin holders is shaken

Watch more in The Week On-chain video Report

Save time and money filing crypto taxes with Accointing!

Get 30% off at https://glassno.de/3MiHL7V

For the first time, the amount of Open Interest in #Bitcoin Options contracts ($10.3B) has surpassed that held in Futures contracts ($10.0B).

Futures OI has been relatively flat in 2023.

This results from significant call option buys, as investors start to speculate on higher $BTC prices.

Live Chart

Deposit trends by #Ethereum staking providers have exhibited a clear shift over time with Kraken, Binance and Coinbase jousting for deposit allocations across the Beacon Chain's early days.

As the dust settled between the three giants, it was Lido who emerged victorious, continuing to dominate deposit inflows at present.

We have just released a suite of #Bitcoin Price Performance metrics that compare across:

- Cycles by Halving, ATH, and Cycle Low
- Show Quarterly, Monthly and Weekly performance
- Compare to long-term average and ±1σ moves

Available live in a dashboard

The highly anticipated Shanghai/Capella hard fork is scheduled to take place on 12-April-2023, enabling the withdrawal of staked #Ethereum.

In this extended edition of the Week On-Chain, we shall evaluate the overall #Ethereum staking landscape, develop a framework to establish staking cohorts, and assess the potential sell-side pressure which may occur due to the unlock event.

Read our analysis in The Week On-Chain

With #Bitcoin trading above $30k this week, we analyse the degree to which the rally is driven by derivatives leverage, compared to spot demand.

Watch more in our latest video report 📽
https://youtu.be/7BIQ0rUzpqo

Be sure to check out the latest podcast discussion between NLW and our lead analyst Checkmate, where they dive into the world of #Bitcoin on-chain data.

We cover how we can use on-chain data to describe the behaviour of HODLers, traders, and speculators, and how it plays out over cycles. The discussion covers:

- How $BTC changed hands in a post-FTX environment
- The movement of coins from whales to smaller holders
- Why the $30k move was largely spot driven, and less so leverage driven

Listen to the podcast at Bitcoin Builders

Is the #Bitcoin bear market over?

With a rally 100% off the lows, $BTC is trading above a very large cluster of supply, that formed the 2022 floor.

This week, we investigate indicators showing if the market making a robust bear market recovery...or not.

Read more in The Week On-chain

#Stablecoins have become an important piece of the puzzle in driving Bitcoin and crypto adoption providing a way through which fiat enters and exits the market. 

Join our upcoming webinar, as we dive into the world of stablecoins and explore how utilizing on-chain data can give you a competitive advantage in this dynamic landscape.

Save your seat now: https://glassno.de/3KJkOIn

With the strong opening to 2023, the aggregate market has confidently transitioned out of a regime of unrealized loss, towards one of unrealized #profit.

In the latest edition of the Week On-Chain, we focus on the supply foundation formed over recent months and evaluate participant spending #behavior to assess the market conviction towards the prevailing trend.

Discover what happens next in The Week On-Chain

We are happy to announce that we will be attending Consensus 2023 later this week!

Our US Director of Sales, Brett Singer will be there on April 26th and 27th to represent us. Reach out to @Brett_Singer via DM if you want to connect.

Stablecoins are not immune to hazards like infrastructural flaws, regulatory measures, or bank runs. Are you equipped to handle such risks?

Join us for our webinar tomorrow where we will cover a comprehensive framework for stablecoin monitoring, industry developments over the last few years, key takeways to apply to your own strategy and much more!

Don’t miss the opportunity to gain insight into the world of stablecoins.

Register here: https://glassno.de/3HiegQb

Did crypto's best affiliate program just launch?

Glassnode lets you easily monetize your website or blog and earn 30% lifetime commissions for each referral from your audience!

Learn more at https://glassno.de/3NskvEV

This week, the market experienced a sharp sell-off, following what turned out to be false rumors related to distributions by the Mt. Gox Trustee, and the US Government.
Add to this the revival of 3.2k ancient Bitcoin, and the market found itself amidst serious volatility.
Discover more on ancient Bitcoin supply, Mt. Gox, and US Government coins in the latest Week On-Chain.

#Bitcoin markets experienced significant volatility last week, selling off on rumours of #MtGox and the US Government distributing coins.

In this weeks video report, we address these events, and assess whether the $BTC rally has reached overheated status

Watch the latest Week On-chain video report.