Glassnode

To highlight periods of particularly strong Bitcoin price performance, we can count the number of trading days within a 90d window where the performance across Weekly, Monthly and Quarterly timeframes exceeds +20%. As of current, only 5 of the last 90 days have reached this threshold so far. In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets. Discover more in the latest Week On-Chain below👇 https://glassno.de/3wS4sKE

As the Bitcoin market breaks towards a new ATH and price discovery, it enters the Euphoria phase, where the supply in profit starts to fluctuate around the 90% level for the next 6-12 months. The current euphoria phase is relatively young but has been active for around 2.5 months, with 93.4% of supply held in profit as of current. Discover more in the latest Week On-Chain below👇 https://glassno.de/3wS4sKE

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After recording the deepest correction on a closing basis since the FTX lows (-20.3%), Bitcoin has recovered back towards the ATH, reaching $71k on 20-May. From a comparative point of view, the drawdowns pattern across the 2023-24 uptrend appears to be remarkably similar to the 2015-17 bull market. Discover more in the latest Week On-Chain below 👇 https://glassno.de/3wS4sKE

The Week On-Chain 22, 2024 Residing just shy of the ATH, Bitcoin continues to consolidate, with long-term investors beginning to re-accumulate coins for the first time since Dec 2023. Alongside this, a historic first tranche of Ethereum spot ETFs have been approved in the US, seeing a +20% surge in the ETH price. Executive Summary - Both Ethereum and Bitcoin markets are showing relative strength after a lengthy post-ATH consolidation, although prices have remained choppy and sideways since March. - The SEC has surprised the market with the approval of the Ethereum Spot ETFs, resulting in a +20% rally in the ETH price. - Bitcoin US Spot ETFs netflows have once again turned positive after four weeks of net outflows, suggesting a return of TradFi demand. - Long-Term Holder spending pressure has cooled off significantly, with investors back to accumulation patterns, suggesting volatility is required to motivate the next wave. Read more in The Week On-Chain newsletter.

The Bitcoin Long-Term Holder (LTH) Binary Spending Indicator is a tool we can use to profile and visualize the intensity of HODLer distribution pressure. We note a significant and sustained decline in LTH Supply into the $73k ATH in March. As of the last few weeks however, this distribution pressure has eased off markedly, giving the bulls more breathing room, and less resistance overall. Discover more in the latest Week On-Chain below 👇 https://glassno.de/3UQ7NBV

In our latest checklist series, we aim to help traders identify key market trends and momentum shifts using on-chain data. By analyzing various metrics across different timeframes, By analyzing various metrics across different timeframes, we show when the market is gaining strength or beginning to falter. What's inside? - How to use transaction volume and capital flow to gauge market expansion. - Why demand absorption is crucial for understanding market strength. - What unrealized profits can tell you about positive momentum. - When wealth transfer between holders reveals market phases. To learn more, download the checklist here: https://glassno.de/3yEtOMw

We’re launching the first video walkthrough for our cutting-edge 28 breakdown metrics for Bitcoin and Ethereum. See how professional and institutional traders can utilize these new metrics for unprecedented depth and learn to use them in practice, for example, to identify local market bottoms. https://glassno.de/44U4Ncz Curious to learn more? Read our insights article for the full analysis: https://glassno.de/3WWWzOV

The Week On-Chain 21, 2024 Bitcoin markets have experienced a cool down after several months of intense distribution pressure. Whilst capital inflows remain modest, the lightening of sell-side, and compression of volatility suggest a bigger move could be on the horizon. Executive Summary - Following a significant period of distribution into the ATH, a period of cooling down and consolidation has been underway, and sell-side pressure is winding back markedly. - Alongside lighter sell-side activity, capital inflows remain relatively modest, although remain in a profit dominated regime and have been sufficient to stimulate local price action. - Various measures of volatility have compressed over the course of this correction, which usually precede a larger scale market move, since equilibrium has been reached on-chain. Read more in The Week On-Chain newsletter.

In the latest Week On-Chain, we defined a framework to detect Seller Exhaustion across multiple timeframes, utilizing a combination of our Breakdown profitability metrics. Discover more on their use case and construction in the Week On-Chain below 👇 https://glassno.de/3UJpvaa