Description
Download our Cointime Economics report where we explore a new economic framework for Bitcoin, developed in collaboration with ARK-Invest.
https://get.glassnode.com/cointime-economics/
Capital rotation within digital assets markets occurs both between assets, as well as internally as coins change hands at different acquisition prices. In this edition, we develop two indicators based
off the Realized Cap and NUPL to track this rotation of capital between investors.
📰 Written Report: https://glassno.de/3Q1Mhro
📊 Live Dashboard: https://glassno.de/48U5FiN
Topics for Discussion:
- Capital rotation within the Bitcoin holder-base is a powerful tool.
- Bull cycle tops correspond with an over-saturation by speculators.
- Bear market floors are established by heavy HODLer accumulation.
- We develop two indicators to monitor the progress of the cycle.
Key Dashboards
💸 Mastering Realized Cap Dashboard: https://glassno.de/3YgoxUg
♟️ Mastering MVRV Dashboard: https://glassno.de/3IRQB9k
🚀 Start your Glassnode Advanced free trial today: https://glassno.de/3QFXu0S
🔬 Technical Analysis Toolbox: https://glassno.de/3MPzgRv
📟 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
💸 Realized Profit Loss Dashboard: https://glassno.de/3H6c8dz
💵 Pricing Models Dashboard: https://glassno.de/3J9hVkW
🌊 HODL Wave Dynamics: https://glassno.de/3xzSmTn
📈 Bitcoin Price Performance Dashboard: https://glassno.de/3UwBRCf
🦐 Shrimp Supply Sink Report: https://glassno.de/41hmhgp
📊 Realized Profit/Loss Momentum: https://glassno.de/3P6XkAq
🪟 Capital Rotation Dashboard: https://glassno.de/3P78rbu
Getting Started with Glassnode:
📈 Navigating Tops and Bottoms: https://glassno.de/3OpgSgA
⛓️ On-chain Activity: https://glassno.de/3xXM13Q
⛏️ Mining Fundamentals: https://glassno.de/3nnfL5m
🪙 Supply Dynamics: https://glassno.de/3NyhPlK
🕰️ Introduction to Lifespan: https://glassno.de/3ehCmzn
💸 Realized and Unrealized Value: https://glassno.de/3ExnCa1
👴 Long and Short-Term Holders: https://glassno.de/3QLUzCt
Timestamps
0:00 Introduction
2:51 Realized Cap vs Market Cap
4:17 The Realized Cap HODL Waves
7:46 Coins Older than 3y
10:05 Coins Aged 6m to 3y
11:36 Coins Aged Younger than 6m
13:00 Investor Capital Rotation
14:04 Capital Rotation Ratio
15:17 Investor Cost Basis
19:00 NUPL by Cohort
20:12 NUPL Capital Rotation Ratio
21:39 Summary and Conclusions
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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.