glassnode: 2023 Yearly On-chain Review - The Week Onchain 51, 2023 (Bitcoin Analysis)


Description

- Subscribe to our second channel - Glassnode Clips - delivers bite-sized weekly analyses, offering insights into Bitcoin and the wider crypto market's trends, performance, and on-chain metrics. https://www.youtube.com/@glassnodeclips

In this last edition for the year, we will do a whirlwind tour of what changed this year, on-chain. We will explore how the Bitcoin, Ethereum, Derivative, and Stablecoin landscapes have evolved in 2023, and how this sets up the space for an exciting road ahead.

πŸ“° Written Report: https://glassno.de/3Rvfgol
πŸ“Š Live Dashboard: https://glassno.de/3NvcBd6

Topics for Discussion:
- Overview of the major themes, trends, and performance of 2023.
- Assess on-chain and market performance of Bitcoin.
- Analyse shifts in investor profitability, profit taking, and holdings.
- Consider shifts in derivatives and stablecoin market structure.

Key Dashboards
πŸ₯‡ Mastering Realized Cap Report: https://glassno.de/3PA7kCy
πŸ’Έ Mastering Realized Cap Dashboard: https://glassno.de/3YgoxUg
β™ŸοΈ Mastering MVRV Dashboard: https://glassno.de/3IRQB9k
πŸš€ Start your Glassnode Advanced free trial today: https://glassno.de/3QFXu0S
πŸ”¬ Technical Analysis Toolbox: https://glassno.de/3MPzgRv
πŸ“Ÿ Spotting Cycle Tops and Bottoms Dashboard: https://glassno.de/cycleextreme
🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
🏦 Exchanges Dashboard: https://glassno.de/3RimWJY
πŸ’Έ Realized Profit Loss Dashboard: https://glassno.de/3H6c8dz
πŸ’΅ Pricing Models Dashboard: https://glassno.de/3J9hVkW
🌊 HODL Wave Dynamics: https://glassno.de/3xzSmTn
πŸ“ˆ Bitcoin Price Performance Dashboard: https://glassno.de/3UwBRCf
🦐 Shrimp Supply Sink Report: https://glassno.de/41hmhgp
πŸ“Š Realized Profit/Loss Momentum: https://glassno.de/3P6XkAq
πŸͺŸ Capital Rotation Dashboard: https://glassno.de/3P78rbu

Getting Started with Glassnode:
πŸ“ˆ Navigating Tops and Bottoms: https://glassno.de/3OpgSgA
⛓️ On-chain Activity: https://glassno.de/3xXM13Q
⛏️ Mining Fundamentals: https://glassno.de/3nnfL5m
πŸͺ™ Supply Dynamics: https://glassno.de/3NyhPlK
πŸ•°οΈ Introduction to Lifespan: https://glassno.de/3ehCmzn
πŸ’Έ Realized and Unrealized Value: https://glassno.de/3ExnCa1
πŸ‘΄ Long and Short-Term Holders: https://glassno.de/3QLUzCt

Timestamps
0:00 Introduction
1:48 YTD Price Performance
3:45 Bull Market Corrections
5:15 Realized Cap Drawdowns
7:08 Mid-Cycle Price Level
9:33 Key Pricing Models
12:50 Recovering From a Bear Signal
14:18 On-chain Activity Review
17:48 Inscriptions Deep Dive
21:09 Long-Term Holder Supply
22:32 Supply Held in Loss
23:49 Percent Supply in Profit
25:06 Supply In Profit by Year
27:56 Exchange Flows
29:14 Futures vs Options Markets
30:08 CME vs Binance Futures
31:25 Futures Funding Rate Yield
32:58 Stablecoin Supplies
34:50 Aggregate Capital Rotation
35:31 Summary and Conclusions

Follow us and reach out on Twitter 🐦: https://twitter.com/glassnode
Join our Telegram channel: https://t.me/glassnode
For on-chain metrics and charts, visit Glassnode Studio: https://glassno.de/3oRNXaf

About:
The Glassnode video report provides a weekly analysis update of the trends, performance, and onchain metrics for Bitcoin and the crypto market.

Disclaimer:
This report does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.

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