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#Bitcoin crossing $100K is a monumental milestone in its evolution into a global financial force. This week's edition of Glassnode's Week On-Chain newsletter tells the fascinating story of this journey through the lens of #onchain data:
#BTC
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The investors’ spending behaviour in the #Bitcoin ecosystem, is far from random - it follows a predictable power-law decay. Our latest research uncovers how the age of coins directly influences their likelihood of being spent. 🧵
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#Solana vs #Ethereum: Probing into the Demand Side 🚨 We can gauge demand-side momentum by tracking capital rotation via new investor activity, also known as Hot Realized Cap. The Hot Realized Cap measures the capital held by accounts active in the last 7 days. 1/ Solana Hot Realized Cap 📈 For Solana, the positive market momentum coincided with a surge in its Hot Realized Cap starting in early October 2023. 📊:
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Looking at price performance, SOL outpaced both ETH and BTC for most of Q4 2024. However, since early December, ETH has taken the lead, outperforming the other two assets. Today, the 30-day performance stands at: ETH: +26.96% BTC: +17.49% SOL: +1.61% A clear shift in momentum. 📊:
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#Bitcoin has hit a new all-time high above $106K. Let's break down how investor cost bases were distributed leading up to this milestone, using Glassnode's new CBD tool 🧵👇 https://glassno.de/cbd
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#Solana investors are #HODL-ing firm, expecting higher prices. Long-term holders’ share of wealth locked in the network is growing. The 6-12 month cohort now holds 27% of the supply, showing conviction from 2024 rally buyers. #SOL’s RHODL Waves chart: https://glassno.de/3Da2yIi
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