The Week On-chain: Seeking Equilibrium - Week 22, 2023 (Bitcoin Onchain Analysis)

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With prices tight, and the volatility spring coiled, the Bitcoin market looks increasingly ready to move out of the current equilibrium. As Long-Term Holder spending ticks marginally higher, we present a series of on-chain tools to help navigate the volatile road ahead.

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Topics for Discussion:
- Comparative performance between Bitcoin and commodities.
- Analysing the continuing compression of volatility.
- Establishing equilibrium price levels to bound the problem.
- Analysis of Long-term holder market cycles for a roadmap.

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📈 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
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💸 Realized and Unrealized Value: https://glassno.de/3ExnCa1
👴 Long and Short-Term Holders: https://glassno.de/3QLUzCt

Timestamps
0:00 Introduction
2:08 BTC vs Commodities
5:00 Realized Volatility Bands
6:09 Exchange Activity Ratio
9:08 NUPL
12:08 Key Realized Price Levels to Watch
15:37 Technical Analysis Levels
17:18 Short-Term Holder Profit/Loss Ratio
18:50 Long-Term Holder Deep Dive
24:06 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.

• Category

  Cryptocurrency