glassnode: Assessing Altseason Probabilities - The Week On-chain 41, 2023 (Bitcoin Onchain Analysis)


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/

Liquidity across the Digital Asset landscape continues to rescind. In this edition we assess the activity of both the On and Off-Chain environment, and produce a new framework to help identify peak Altseason regimes.

πŸ“° Written Report: https://glassno.de/3ttRwZz
πŸ“Š Live Dashboard: https://glassno.de/3Q9Kcer

Topics for Discussion:
- Liquidity across the digital asset market remains extremely low.
- HODLers continue to dominate the supply, keeping coins dormant.
- Volumes on-chain collapse to cyclical lows as supply tightens.
- We use capital rotation metrics to observe the altcoin cycle.

Key Dashboards
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
2:05 Realized Cap Analysis
5:03 HODLer Supply Dynamics
7:15 On-chain Transfer Volumes
8:24 Hot Supply and Market Liquidity
9:34 Illiquid Supply vs Exchange Balances
12:30 On-chain Volumes and Realized Profit/Loss
14:24 Capital Rotation Overview
18:18 Altseason Initial Conditions
19:27 Altseason Indicator
22:27 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
Join the discussion on Glassnode Forum: https://glassno.de/3y1lCl5

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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