Glassnode
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Pioneering on-chain market analysis.

Advanced charts/data/insights for investors in Bitcoin and digital assets.

https://studio.glassnode.com/
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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
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
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
#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.
#Bitcoin is experiencing extremely high demand for blockspace, driven by BRC-20 tokens, utilizing text based inscriptions, and ordinals

This is a revenue boost for Miners, as the average fee paid per block has reached 2.905 $BTC, near past bull peaks.

A few recent blocks have seen tremendous total fees paid of 5.87 $BTC, approaching 94% of the 6.25 $BTC block subsidy.

📊 Live Chart
#Bitcoin experienced an unexpected demand for blockspace last week, as speculators rushed to mint BRC-20 tokens.

This resulted in immense fee pressure, miner fee revenue near ATHs, and fees surpassing the $BTC block subsidy for the fifth time ever.

Read our latest analysis in The Week On-chain
In the world of #Bitcoin & digital assets, reliable data is the cornerstone of an effective decision-making process.

In our upcoming webinar we show you how Point-in-Time metrics can help in creating better trading strategies and managing risks.

Save your seat: https://glassno.de/42p7sbk
With a gold rush of applications for a #Bitcoin ETF filed this week, a key question is how many Bitcoin are active and available for sale?

In this report, we try to measure the available supply and assess how demand impacted valuations in past cycles.

Discover more in the latest Week On-Chain.