glassnode: Sell-The-News: Bitcoin Investors Underwater - The Week On-chain 04, 2024 (Bitcoin Onchain Analysis)


Description

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The approval of a suite of new Bitcoin ETFs appears to have become a classic sell-the-news event, triggering BTC prices to drop by -19%. This makes for an ideal opportunity to assess how investor profitability has changed over recent weeks.

πŸ“° Written Report: https://glassno.de/3Hszc6P
πŸ“Š Live Dashboard: https://glassno.de/48LphVZ

Topics for Discussion:
- Supply in Profit/Loss as an ideal toolkit to monitor profitability.
- Breakdowns of supply into Long and Short-Term Holder cohorts.
- Identifying divergences using simple statistical bands and levels.

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
3:40 Long and Short-Term Holder Supply
6:04 Cycles of Coins in Profit or Loss
8:03 Change in Percent Supply in Profit Oscillator
10:33 MVRV Bands
12:35 Percent Supply in Profit Oscillator
14:41 Short-Term Holder Top Heavy Markets
18:10 Short-Term Holder Percent Supply in Profit Oscillator
19:14 STH-MVRV Bands
20:17 Long-Term Holder Supply in Profit/Loss Breakdown
21:20 Long-Term Holder Percent Supply in Profit Oscillator
23:48 Summary and Conclusions

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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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