Tag: on-chain analysis

Oct 13 2021

Market-Value-to-Realized-Value (MVRV) Bands

Modeling the bitcoin price based on the value of all coins when they last moved on-chain.October 12th, 2021Realized ValueOn September 23, 2018, at the Baltic Honeybadger conference in Riga, Latvia, Nic Carter presented the concept of realized value (originally “realized cap,”...

Oct 02 2021

COC#5: How January’s On-Chain Footprint Bent The Bitcoin Price Trend Twice

A closer look at how the on-chain footprint of bitcoin investors changed in January and how that set a floor price for the recent market downturn.Dilution-proof, October 1st, 2021Cycling On-Chain is a monthly column that uses on-chain and price-related data to better understand recent bitcoin market movements and estimate where we are in the cycle. This fifth edition first takes a...

Sep 22 2021

Sep 15 2021

MicroStrategy And Other Whales Continue Bitcoin Accumulation

While the bitcoin price has been dipping, those with the most bitcoin continue to add to their stack.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now....

Sep 01 2021

COC#4: On-Chain Silence Before The Storm

Low on-chain activity raises questions regarding current investor demand for bitcoin, but patient investors are increasingly accumulating.September 1, 2021Cycling On-Chain (COC) is a monthly column that uses on-chain and price- related data to better understand recent market movements and estimate where we are in bitcoin’s market cycle. This fourth edition briefly reflects on the recovering...

Aug 21 2021

HODL Waves: What We Can Learn From UTXO History

How the age of Bitcoin transactions can give us insight into the four-year halving cycles and the history of the blockchain.HODL Waves have been around for a few years but are still relatively new. They were first introduced in an article by Dhruv Bansal at Unchained Capital, a bitcoin-native financial...

Aug 19 2021

On-Chain Bitcoin Volume At Five-Year Low

But the change-adjusted volume transfer of the network in dollar terms shows just how effectively bitcoin is scaling.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now....

Aug 05 2021

On-Chain Data: Ethereum Price Surge is Steered by Old Addresses Stacking Up

A lot of attention is on Ethereum (ETH) presently as the digital currencies’ price trend is surging to beat the $3,000 resistant point. For the most of the day, the price action has seen a limited volatility with market bulls largely in control of the prices. At present, the world’s largest open source crypto coin The post On-Chain Data: Ethereum Price Surge is...

Aug 02 2021

COC#3: Squeezed Supply, Shorts and Bitcoin Lemonade

This third edition of Cycling On-Chain takes a closer look at bitcoin’s ongoing supply squeeze and recent short squeeze.Cycling On-Chain #3: LemonadeDilution-proof, August 1, 2021Cycling On-Chain is a monthly column that uses on-chain and price-related data to better understand recent market movements and estimate where we are in bitcoin’s larger market cycle. After providing a...

Jul 29 2021

“Plebs” Staked Bitcoin Throughout Downtrend. A Phenomenal Sign. Here’s Why.

The morale of the Bitcoin team seemed low over the last few months. That and a flat market didn’t stop the “plebs” from constantly “stacking sats.” The following chart shows that the Bitcoin addresses that hold between 0.1 and 1.0 BTC kept acquiring Bitcoin through this whole period. What does that mean, though? And why is it a sign of something phenomenal and...

Jul 24 2021

Bitcoin Transfer Volume Now Exceeds $15.8 Trillion

The “total amount of coins transferred on chain,” metric is equivalent to 70% of the United States Gross Domestic Product.Bitcoin, the world’s most valuable cryptocurrency, recently saw its total transfer volume exceed $15.8 trillion for the first time in less than seven months of this year.This means bitcoin’s total transfer volume currently represents 70% of the...

Jul 09 2021

We Need To Talk About The NOT Science Behind Digiconomist

The lack of factual information utilized in reports by the publication is alarming and misleading. This is part two in an ongoing series taking a look at the electricity consumption and environmental impact of...

Jul 08 2021

Historic Levels of Realized Losses

Sometimes, the bitcoin market is a wild ride.The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Over the last 55 days, there has been...

Jul 07 2021

The Bitcoin Price Consolidation Continues

Although we are experiencing stagnation, there are indications that it may be coming to an end.The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now...

Jul 01 2021

Cycling On-Chain #2: Bitcoin Enters Geopolitics

China cracks down against Bitcoin while El Salvador adopts it as legal tender; who’s making the right move?Dilution-proof, July 1, 2021Cycling On-Chain is a monthly series that uses on-chain and price-related data to better understand recent market movements and estimate where we are in bitcoin’s larger market cycle. After providing a broader look back and forward...

Jun 08 2021

Will Bitcoin’s Price Go Up Again? Yes, According to On-Chain Analytics

Willy Woo, on-chain Bitcoin analyst and writer of the Bitcoin Forecast, a market intelligence newsletter, and Rafael Schultze-Kraft, co-founder and CTO of Glassnode, discuss Bitcoin and what the on-chain metrics tell us about the price. Here to discuss is. Episode highlights: what factors pushed the price of BTC down in May...

Jun 01 2021

Cycling On-Chain #1: Unwinding Leverage

A reflection on the first large correction of and outlook for the remainder of 2021.Dilution-proof, June 1, 2021Cycling On-Chain is a monthly series that uses on-chain and price-related data to estimate where we are in bitcoin’s market cycle. It originally started as a monthly Twitter thread that...

May 23 2021

Why Bitcoin Is Nowhere Near The Top This Year

Bitcoin has a long way to go in this bull market, and the rest of the year looks bright.Despite bitcoin’s meteoric rise of over 550% this year, on-chain analysis paints a picture of it still being early in the game. Why? Three words: Coin Days Destroyed (CDD).Nowhere Near The Top This YearBy assessing CDD, we can visualize the confidence among...

May 11 2021

Interview: The Bitcoin Bull Market With David Puell

On-chain bitcoin analyst David Puell joined the "Bitcoin Magazine Podcast" to discuss the bull market.Watch This Episode On YouTubeListen To This Episode:...

May 08 2021

How Many Bitcoin Wallets Hold More Than $1 Million?

The number of “bitcoin millionaires” is booming, but there’s still a lot of room for growth, which will propel the bitcoin price as well.Bitcoin has come a long way since its inception in 2009. With bitcoin’s market capitalization at just over $1 trillion, new on-chain data reveals that the number of...

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