Rafael Schultze-Kraft
@n30ocortex
Ex-neuroscientist | Python Maximalist | Swing HODLer | Data Scientist | Co-founder & CTO @glassnode | #bitcoin B
"2% of accounts control 95% of all #Bitcoin " Wrong. BTC ownership is much less concentrated than often reported – and has dispersed over time. Meanwhile, whale supply has increased – suggesting institutional investors arriving. Report: insights.glassnode.com/bitcoin-supply
#Bitcoin accumulation score by cohort. Those blue tones we're starting to see again in recent weeks? Yes, increased accumulation across cohorts. Very bullish if we see this trend continue.
On May 11th and 12th, the #Ethereum network experienced two occasions where over 60% of the validators stopped performing their duties, causing a loss in Finality. Finality refers to the state where a supermajority of validators (2/3 of the total stake) have attested to the…
REVISITING 5 ON-CHAIN PRICING MODELS The combination of technical and on-chain pricing models is a robust toolbox that leverages human behavioural analysis principles to weather the #Bitcoin market. 📈 bit.ly/3o0N9Tf 🧵
Investing in #Bitcoin markets? Subscribing to our free newsletter is a can't-miss resource. Edge and insights you cannot find anywhere else. insights.glassnode.com
When anchoring from the November market ATH, the #Bitcoin spot price is finding support at the -61.8% golden ratio Fibonacci Retracement, currently residing at $26.2K.
Over the last 90-days, Crude Oil (WTI) declined -4.0%, whilst Gold (XAU) and Silver (XAG) have rallied 7.5% and 12.7%, respectively. #Bitcoin however, continues to outperform, remaining 14.5% above the February close. #Bitcoin performance is weaker than the peak first quarter…
#Bitcoin is quiet, volumes are down, and it is pretty clear we are in the hangover apathy phase. But look under the surface. What are the highest conviction holders doing? What are the fundamental supply dynamics? Latest analysis hot off the press. insights.glassnode.com/the-week-oncha…
insights.glassnode.com
A Volatile Road to Nowhere
Volatility, volumes, and realized values are at multi-year lows, indicating that Bitcoin investor apathy is firmly in play. However, under the surface, HODLers continue their classic slow and steady...
The #Bitcoin Illiquid Supply Change remains extremely elevated near cycle highs as HODLing remains prominent. Currently, coins are flowing into illiquid wallets with little to no history of spending at a rate of +194.5K BTC per month. 📊glassno.de/3CShIhI
Happy #bitcoin miners. $17.7 million USD earned through transactions fees – in a single day. 📊glassno.de/3prBsWc
As we've been receiving numerous questions from our users: we cannot confirm notable #BTC outflows from @binance. According to our data, their balance remains in a robust state, very close to all-time highs. 📊 glassno.de/3VU21Q0
Compelling negative correlation between #Bitcoin active addresses and transaction count. It's currently sitting at its lowest value in history. A flurry of transactions, yet addresses lag behind. 📊glassno.de/3LB8YRa
62.9% of all #Bitcoin transactions are now using Taproot 🤯 Chart: studio.glassnode.com/metrics?a=BTC&…
11/ Up to a third of all #Bitcoin fees paid to miners in the recent days can be attributed to BRC20 transactions. Inscriptions dashboard: studio.glassnode.com/dashboards/btc… FIN.
10/ Those BRC20 inscriptions have an influence on the #Bitcoin fee market as well. Yesterday, a total of $3.5m were paid in transaction fees to miners. This is the highest value in two years (#BTC price back then: $38k). Chart: glassno.de/4179v39
9/ So what are those text inscriptions? They denote JSON data Ordinal inscriptions related to the new #BRC20 "token standard" that are used to deploy contracts and mint/transfer tokens. An exemplary inscription looks like this:
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