Tag: on-chain analysis

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...

May 04 2021

After A Needed Break, The Bitcoin Price Still Has Gas In The Tank

What’s been behind the recent dips in the price of bitcoin, and what might the future potentially hold?Navigating the stormy seas of the bitcoin markets can be a challenge. Luckily, Bitcoin uses a publicly available blockchain that contains valuable information about all transactions that were ever made on the network. By combining this on-chain data with other price and market data, bitcoin...

Apr 26 2021

Bitcoin’s On-Chain Market Cycles

With an appreciation for market cycles, we can use these patterns to better gauge the progress of bull and bear markets alike.Bitcoin’s On-Chain Market CyclesThis article is a collaboration by Glassnode and Bitcoin Magazine to introduce Bitcoiners to the world of on-chain analysis. Our aim is to simplify, demystify and improve...

Apr 03 2021

The Importance of Accurate On-Chain Data

Errors in the reporting of bitcoin’s on-chain data can drastically affect the volatility and price of the market.Bitcoin market manipulation still exists:The importance of on-chain analytics and blockchain data providers is rising in importance right alongside bitcoin’s price and overall adoption. However, with this increase of importance comes an increase of responsibility. Tens of...

Mar 08 2021

On-Chain Update: Bullish Indicators Despite Price Dips

Mar 08 2021 Published at Bitcoin Magazine under tags  markets on-chain analysis price

Despite the recent bitcoin sell off, there are several very bullish on-chain indicators showing HODLers are accumulating through this dip.At the time of this writing, bitcoin’s price is in the midst of a consolidation that has lasted almost two weeks, currently sitting at $47,200. One of the most important data points that can be used to generally call bottoms of corrections is...

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