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
Bitcoin's recent surge to a new all-time high of around $73,000, followed by a dip and recovery to $68,000, raises questions about whether this marks a cycle top after a remarkable 175% increase this year. The discussion delves into the impact of ETFs and market corrections. Utilizing on-chain metrics like MVRV and Aviv ratios, it scrutinizes profit-taking and investor behavior, notably among long-term holders. The substantial realized profits underscore a vibrant market shaped by ETFs, influencing Bitcoin's valuation and investment landscape.
📰 Written Report: https://insights.glassnode.com/the-week-onchain-week-12-2024/
📊 Live Dashboard: https://studio.glassnode.com/dashboards/woc-2024-12
🐂 Framework for Bull Markets: https://glassno.de/49O5MfU
Topics for Discussion:
- Analysis of Bitcoin's Price Dynamics Upon Reaching New ATHs
- Historical Context of Current ATH Compared to Previous Cycles
- Impact of Market Corrections on Cycle Top Predictions
- Insights from On-Chain Metrics: Investor Profit-Taking Behavior
Key Dashboards
🥇 Mastering Realized Cap Report: https://glassno.de/3PA7kCy
💸 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
2:30 Bull Market Corrections
6:44 NUPL by Cohort
10:33 MVRV Analysis
13:04 MVRV Pricing Bands
15:06 The AVIV Ratio and Market Phases
19:46 Long-Term Holder Binary Spending Indicator
21:20 Realized Profit and Realized Cap
24:19 Summary and Conclusions
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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.