The DCrypto team will be on vacation until Thursday 🙂
Have a good weekend and take care of yourself 💛
Have a good weekend and take care of yourself 💛
Forwarded from Glassnode
The topic of #Bitcoin supply concentration is a favourite for critics of the asset.
In our latest research piece, we explore how the smallest HODLers of $BTC, the Shrimp (< 1 $BTC) 🦐 and Crab (< 10 $BTC)🦀 are in fact last cycles largest accumulators.
We assess
- Relative population growth and balance change by wallet cohort.
- Introduce a new metric called Yearly Absorption Rate showing balance change relative to mined supply
- Demonstrate the dispersion of BTC from miners, through exchanges and out to investor cohorts.
Our analysis demonstrates that #Bitcoin supply continues to disperse in time, settling in to smaller entity wallets. Over the 2021-23 cycle, Shrimp and Crab entities absorbed more than 2x the total coins mined, and are growing supply share at the greatest rate in history.
Read our latest piece Shrimp Supply Sink: Revising the Distribution of Bitcoin Supply
In our latest research piece, we explore how the smallest HODLers of $BTC, the Shrimp (< 1 $BTC) 🦐 and Crab (< 10 $BTC)🦀 are in fact last cycles largest accumulators.
We assess
- Relative population growth and balance change by wallet cohort.
- Introduce a new metric called Yearly Absorption Rate showing balance change relative to mined supply
- Demonstrate the dispersion of BTC from miners, through exchanges and out to investor cohorts.
Our analysis demonstrates that #Bitcoin supply continues to disperse in time, settling in to smaller entity wallets. Over the 2021-23 cycle, Shrimp and Crab entities absorbed more than 2x the total coins mined, and are growing supply share at the greatest rate in history.
Read our latest piece Shrimp Supply Sink: Revising the Distribution of Bitcoin Supply
Forwarded from Glassnode
We’ve released a powerful new suite of append-only variants for mutable metrics, designed specifically for backtesting and executing strategies where data stability is of the utmost importance. Learn more about the Point-In-Time suite below 👇
https://glassno.de/42htwph
https://glassno.de/42htwph
Forwarded from Glassnode
#Bitcoin has now confidently broken above the Adjusted Realized Price located at $24.6k.
This average cost basis variant excludes the tremendous profit held by lost coins.
The market also recently found support on the classic Realized Price at $19.8k.
📊Live Chart
This average cost basis variant excludes the tremendous profit held by lost coins.
The market also recently found support on the classic Realized Price at $19.8k.
📊Live Chart
Forwarded from Glassnode
The price performance of #Bitcoin has been historically strong, returning 35.8% over the last 7-days.
Similar weekly $BTC performance since 2015 have all been related to bull market conditions, however only Nov 2015 occurred early in the up-trend.
Live Chart
Similar weekly $BTC performance since 2015 have all been related to bull market conditions, however only Nov 2015 occurred early in the up-trend.
Live Chart
Forwarded from Glassnode
#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.
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.
Daily Market Brief - 27.03.2023
Market glance
Total market cap / 24h chg: $1,157,399,187,302 / -1.88% 🟥
BTC Dominance / 24h chg: 46.40% / +0.43% 🟩
The belief of some customers in the traditional banking system has been shaken by the recent banking crisis in the United States. Federal Reserve data revealed that nearly $100 billion in deposits were withdrawn by customers in the week ending March 15. As a contingency plan, entrepreneur Tim Draper suggests diversifying cash management by keeping short-term cash in two banks and two payrolls worth of cash in Bitcoin or other cryptocurrencies. While investors have not been in a hurry to book profits in Bitcoin - Bitcoin is hovering around $28,000 - most altcoins have experienced a minor pullback.
Market glance
Total market cap / 24h chg: $1,157,399,187,302 / -1.88% 🟥
BTC Dominance / 24h chg: 46.40% / +0.43% 🟩
The belief of some customers in the traditional banking system has been shaken by the recent banking crisis in the United States. Federal Reserve data revealed that nearly $100 billion in deposits were withdrawn by customers in the week ending March 15. As a contingency plan, entrepreneur Tim Draper suggests diversifying cash management by keeping short-term cash in two banks and two payrolls worth of cash in Bitcoin or other cryptocurrencies. While investors have not been in a hurry to book profits in Bitcoin - Bitcoin is hovering around $28,000 - most altcoins have experienced a minor pullback.