Uncategorized · 27.04.2022

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On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know

On-chain Metric Flashes First Bitcoin Buy Signal Since 2019 – Here is What You Need to Know

CryptoQuants Profit and Loss (PnL) Index is giving a definitive buy signal for the first time since 2019, the latest of a string of on-chain/technical indicators flashing bullish.

The Week On-chain – Is Bitcoin Building a Bottom? – Week 29, 2022 (Bitcoin Onchain Analysis)


Bitcoin prices have now traded below the Realized Price for over a month, with many signals that a deep and complete capitulation has occurred. As a result, numerous signals indicate that genuine bottom formation could be underway.

�� Metric of the Week: https://glassno.de/3PCJGTc
�� Written Newsletter: https://glassno.de/3v1iPIB
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Topics for Discussion:
– Bitcoin testing the underside of the Realized Price.
– Similarities between current market and past bear floors.
– Unrealized losses as a gauge for accumulation at bottoms.
– Realized losses as a gauge for capitulation.

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

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

Timestamps
0:00 Introduction
2:25 Price Action Context
3:05 Days Below Realized Price
5:05 MVRV and Realized Price
6:45 Alert Idea – MVRV
7:18 Realized, Balanced, and Delta Price Modesl
9:20 Alert Idea – Balanced Price
9:35 Unrealized Losses
12:45 Relative Unrealized Loss
14:50 Supply in Loss
15:40 Long- and Short-Term Holders in Profit
17:50 Realized Losses and Capitulation [USD]
18:55 Transfer Volume in Loss [BTC]
20:05 aSOPR
21:00 Alert Idea – aSOPR 14-day SMA
21:34 Percent Transfer Volume in Profit [90D EMA]
22:35 Alert Idea – Percent Transfer Volume in Profit
22:50 Realized Cap HODL Waves

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.

OnChain Analysis: 101 Guide to Get The MARKET EDGE!! ��


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Lost Bitcoin �� https://youtu.be/1vD_TEFt1GY
Whale Movements Deep Dive �� https://youtu.be/XSJnX9oe_is
Daily Crypto Investment Routine �� https://youtu.be/tNsc4tdXnCE
Solana Tutorial �� https://youtu.be/1-9bafmV7pE
Lightning Network Explained �� https://youtu.be/J3cQNpOR_a0

~~~~~

⛓️ �� Useful Links �� ⛓️

► Bitinfocharts For Rich Lists: https://bitinfocharts.com/
► Etherscan.io For Ethereum Tokens: https://etherscan.io/
► Staking Rewards For Percentage Staked: https://www.stakingrewards.com/
► CryptoQuant For Free On Chain Indicators: https://cryptoquant.com/overview/btc-exchange-flows
► Glassnode For Paid On Chain Indicators: https://studio.glassnode.com/metrics?a=BTC &m=addresses.ActiveCount
► WayBackMachine To Look Into The Past: https://archive.org/
► Lightning Network Metrics: https://bitcoinvisuals.com/lightning

~~~~~

��‍��What Is On Chain Analysis?��‍��

In brief, on-chain analysis involves tracking cryptocurrency transactions. This is possible because almost every cryptocurrency blockchain is publicly viewable, meaning you can see money moving between wallets in real time

��On Chain For Large Cryptos ��

For some of the large cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Dogecoin, a few key on-chain metrics can be easily checked using the rich lists on Bitinfocharts. This includes coin distribution, exchange wallets, and multi-sig wallet identifiers

��On Chain For Other Cryptos��

When it comes to analyzing on-chain metrics for smaller altcoins, you should always do your best to find as many different blockchain explorers as you can for the cryptocurrency you’re looking into

This is because the “default” blockchain explorers for some cryptocurrencies lack a lot of critical information. Sometimes they don’t really show you anything at all

To me this is a red flag, because if a crypto project is legit, they should have nothing to hide when it comes to supply distribution and which wallet belongs to whom, within reason of course

��On Chain For Proof Of Stake��

Staking contracts can and often do camouflage the real distribution of a coin or token. This is because it’s not always easy to figure out which wallets those staked coins or tokens belong to

This can have profound effects on a cryptocurrency’s supply and price, but it also serves as a simple way of seeing what people are doing with their coins or tokens. More staked = not selling any time soon

��On Chain For Proof Of Work��

If you’re wondering what the equivalent of staking percentage is for proof of work cryptocurrencies, the answer is exchange balances

Exchange balances of BTC and ETH have been in the news over the last few months, and this is because of what I mentioned a few moments ago – low exchange balance means higher price volatility

What’s interesting is that even though the crypto market hasn’t been looking all that hot lately, exchange balances of BTC and ETH continue to drop

⚡Validators, Hash Rate, Nodes⚡

Running a validator requires constant attention, and thousands of dollars of investment into a very volatile coin. If you’re not careful, you could even be slashed and lose some of that crypto

When you see that a proof of stake cryptocurrency is adding dozens of validators every month, this means there are some very wealthy people who believe in the long-term potential of the project

For those unfamiliar, hash rate is basically the amount of computing power connected to a cryptocurrency blockchain

Hash rate has a relatively high correlation with the price of the coin being mined, and this is no coincidence when you consider just how much of a commitment cryptocurrency mining is

Setting up a serious crypto mining operation is often exponentially more expensive than staking and brings with it a whole host of other issues related to infrastructure, namely energy and space

~~~~~

– TIMESTAMPS –
0:00 Intro
2:09 What Is On Chain Analysis?
3:24 On Chain Analysis For Large Cap Cryptos
4:26 On Chain Analysis For Mid-Small Altcoins
8:02 On Chain Analysis For Proof Of Stake
11:07 On Chain Analysis For Proof Of Work
13:55 Validators, Nodes, Hash Rate
16:41 Conclusion

~~~~~

�� Disclaimer ��

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #Crypto #onchain #blockchain #tracking #etherscan

Bullish Bitcoin Signal Flashes For FIRST TIME EVER!


In this Bitcoin recap, George goes over the latest Bitcoin charts, metrics, and fundamentals. Also, he covers the latest on institutional investors coming into the space.

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��Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

#Bitcoin #cryptocurrency #crypto

0:00 Golden Cross
0:30 Bitcoin Prediction standard charter
1:32 Bitcoin halving bullish micro strategy
1:58 Kiyosaki prediction
2:40 Bitcoin foundation
3:51 Worst bitcoin bear
4:58 Tim Draper Prediction
6:16 Bullish Bitcoin metric
8:00 Bullish bitcoin charts
9:44 Bitcoin spot etc Australia

The Essential Bitcoin On-chain Guide: How to Analyze Long and Short-Term Holders


[For Institutions and Hedge Funds]: Book a demo with our Expert to better manage your counterparty risk on exchanges here: https://get.glassnode.com/exchange-risk-demo/

[For Institutions and Hedge Funds]: Download our latest Point-in-Time (PiT) metrics PDF to create better trading strategies here: https://get.glassnode.com/point-in-time-metrics-pdf/

https://studio.glassnode.com/dashboards/btc-lthsth-essentials

�� 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
♟️ Mastering MVRV Dashboard: https://glassno.de/3IRQB9k
�� 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

One of the most powerful concepts in on-chain analysis is the segmentation of supply into cohorts. In this session, we will analyse the Long and Short-Term Holder cohorts, providing a suite of tools for mapping Bitcoin through cycles.

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Topics for Discussion:
– Overview of the Long/Short-Term cohort heuristics.
– Understanding Long/Short Term Holder supply and spending.
– Analysis of LTH and STH Unrealized Profit/Loss via MVRV.
– Cyclical analysis of LTH/STH behaviour near cycle extremes.

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

Timestamps
0:00 Introduction
2:50 Long and Short-Term Holder Supply
5:15 The 155-day Threshold
6:30 Net Position Change and Supply Distribution
9:50 Long-Term Holder Spending Behavior
11:38 LTH and STH Cost Basis
15:40 LTH and STH MVRV
18:15 STH-MVRV Deep Dive
22:55 LTH and STH NUPL
23:40 LTH and STH Behavioral Analysis
27:30 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.