🚀 Solana's Surge: Solana has outperformed Bitcoin and Ethereum since November 2022, driven by a net liquidity increase of +$55B. With 61 Solana tokens, including 52 memecoins, now supported, new metrics like address activity and volume are available for deeper insights. Despite profit-taking, Solana's unrealized profitability suggests room for growth.

📈 Capital Inflows: Solana's capital inflow has surpassed Ethereum's for the first time, highlighting strong demand. The asset's Realized Cap has grown from $22B to $77B, with significant contributions from diverse investor profiles. Solana's market remains heated but shows potential for further growth.

**Bitcoin's Bull Market: A Deep Dive into Current Trends 🚀**

- Bitcoin's price has soared above $100k, marking a new ATH in realized profits at $2.1B. Long-Term Holders are capitalizing on this surge, selling coins aged 6-12 months, while older coins remain largely untouched.

- Despite significant sell-side pressure, demand remains robust, with new investors holding a larger share of network wealth. This shift indicates a healthy demand profile, typical of late-stage bull markets.

- Interestingly, market drawdowns are less severe, with the deepest at -32%, reflecting strong demand from spot ETFs and institutional interest. 📈

- The AVIV Ratio suggests potential for further growth, as the market hasn't reached its peak profitability pressure.

🔍 Bitcoin's blockchain transparency offers unique insights into coin holder behavior. A recent analysis reveals a power-law relationship between coin age and spending probability, providing a predictive framework for understanding investor actions and coin dormancy.

- **UTXO Model**: Unspent Transaction Outputs (UTXOs) are key to analyzing Bitcoin's ecosystem. Their age and spending probabilities reveal holder behavior.
- **Power-Law Dynamics**: As coins age, their likelihood of being spent decreases predictably, enhancing on-chain analysis.
- **Investment Insights**: This framework aids in refining trading strategies and anticipating market shifts.

📊 Embrace these insights for a data-driven edge in Bitcoin analysis!

**Bitcoin Breaks $100k Milestone 🚀**

- On December 5th, Bitcoin crossed the $100,000 mark for the first time, briefly pushing its market cap over $2 trillion, surpassing silver's valuation. This achievement marks a significant milestone in Bitcoin's journey from its Genesis Block.

- Miners have earned $71.49 billion since inception, reflecting Bitcoin's robust security and economic incentives. The network has processed 1.12 billion transactions, settling $131.25 trillion in transfer volume.

- Bitcoin's supply distribution shows a broad ownership range, from retail investors to large institutional holders, highlighting its growing institutionalization and market stability.

Bitcoin has surged to a new all-time high of $99.4k, breaking out of its previous $54k-$74k range. 🚀 However, several risk metrics indicate a Very High Risk 🟥 zone, with elevated unrealized profits and potential for market corrections. The Realized Profit/Loss Ratio suggests intense profit-taking, hinting at near-term demand exhaustion. Despite this, realized profit volumes have dropped by 76%, and futures funding rates are stabilizing, indicating a cooling market. Key demand clusters are forming between $87k and $98k, as the market seeks equilibrium amidst heightened volatility.

Bitcoin nears the $100k milestone as Long-Term Holders (LTH) distribute 507k BTC, marking a significant yet smaller sell-off compared to March's 934k BTC. LTHs are locking in a record $2.02B in daily profits, driven by coins aged 6 months to 1 year. This trend suggests swing traders are capitalizing on recent market gains. Despite the sell-side pressure, the market's robust demand side is crucial for absorbing the supply and sustaining price growth. As the market navigates this price discovery phase, the balance between profit-taking and demand will be pivotal. 📈🔍

🚀 Bitcoin's recent attempts to breach $100K have sparked debate: are we at a local top, or is more momentum ahead? On-chain data offers insights, with a positive signal flashing for Bitcoin. Momentum in New Addresses has surpassed the yearly average, indicating growing network activity and bullish sentiment. Historically, such signals have preceded rallies, suggesting potential market strength.

Meanwhile, Glassnode has expanded its coverage to include BNB and TON metrics, alongside Solana. These additions allow for deeper analysis of altcoin activity, providing a comprehensive view of ecosystem momentum. 📊

**Bitcoin's Meteoric Rise to $93k 🚀**

- Bitcoin's price has soared to a new all-time high of $93k, driven by robust capital inflows totaling $62.9 billion in the past 30 days. This surge is largely fueled by institutional interest, particularly through U.S. Spot ETFs, which absorbed 90% of the selling pressure from long-term holders.

- The market is witnessing a shift, with capital moving from traditional assets like gold and silver to digital ones. Bitcoin's market cap now stands at $1.796 trillion, surpassing silver and nearing Amazon.

- Despite increased profit-taking by long-term holders, institutional demand continues to stabilize the market, highlighting the growing influence of ETFs in the crypto space.

Glassnode and Fasanara Digital have teamed up to release a comprehensive Q4 report on the crypto market, combining on-chain analytics with a scientific trading approach. 📊 This collaboration offers insights into institutional behavior, market structure, and capital flows, showcasing the practical applications of data-driven tools for strategic investments.

Key highlights include record-breaking futures volumes, signaling market stability, and significant inflows into Bitcoin ETFs, reflecting mainstream confidence. The report also notes early capital rotation into altcoins, suggesting diversification opportunities. With Bitcoin near $90K, this report provides a strategic foundation for navigating the bullish market landscape. 🚀

🚀 Bitcoin has surged to a new all-time high, driven by strong demand in spot markets, particularly through U.S. spot ETFs. Institutional interest has spiked post-election, with notable inflows into CME futures and ETFs, favoring spot exposure and fueling Bitcoin's entry into a new ATH discovery phase.

📈 Over 95% of Bitcoin's circulating supply is now in profit, a level often followed by significant profit-taking. While realized profits have increased, they remain below previous peaks, suggesting room for further growth as investors anticipate higher prices.

🚀 Bitcoin has soared to a new all-time high of $75.4k, driven by the potential re-election of President Trump. This milestone follows months of consolidation and signals a phase of price discovery, with investor sentiment nearing euphoria.

💰 Capital inflows into Bitcoin have surged, reflecting a growing investor appetite. Despite increased profit-taking, realized losses remain minimal. The market is in a profit-dominant phase, with profits vastly outweighing losses.

📈 Options markets indicate heightened volatility expectations, with balanced hedging on both sides. As the US election looms, investors brace for potential market swings, underscoring the dynamic nature of the crypto landscape.

**Bitcoin Rallies Above $69k Amid Market Optimism**

Bitcoin's spot price surged past $69k, nearing its $73k ATH from March. This rally has broken through key technical levels, including the 200DMA 🟢 and 111DMA 🟣, indicating market resilience. On-chain data shows all Short-Term Holder sub-age groups now hold unrealized profits, boosting sentiment.

Futures markets have seen open interest hit a new ATH of $32.9B, driven by institutional activity and cash-and-carry strategies. Despite subdued trading volumes, the market's liquidity and capital inflows are rising, suggesting a positive outlook for Bitcoin. 📈

🚀 Glassnode and Coinbase have launched their Q4 crypto market report, highlighting key trends and insights. Despite Bitcoin's range-bound price action between $50,000 and $60,000, the market has matured with increased liquidity and sophistication. Institutional interest remains strong, with US Bitcoin spot ETFs seeing $5 billion in net inflows. Ethereum staking hit an all-time high, reflecting growing confidence in its long-term value. Stablecoins also reached a record $170 billion market cap, proving their utility in cross-border transactions. 📊 Download the full report for a comprehensive view of these trends.

🚀 **Crypto Market Q4 Report: Key Insights Unveiled!** 📊

Glassnode and Coinbase have launched their fourth joint quarterly report, offering a clear view of current crypto trends. Bitcoin has been range-bound between $50K-$60K, but behind the scenes, the market is maturing. Institutional interest remains robust, with US Bitcoin spot ETFs seeing $5B in net inflows. Ethereum staking hit an all-time high, showcasing traditional finance's growing engagement with digital assets. Stablecoins also reached a record $170B market cap, proving their utility in cross-border transactions. Download the full report for comprehensive insights.

📉 **Bitcoin Market Update: Demand Declines, Supply Tightens**

The Bitcoin market has seen a notable decline in demand since its all-time high (ATH) of $73k in March 2024. Daily new capital inflows have dropped to $0.73B, significantly lower than the $2.97B peak. Despite this, the supply side is also tightening, with a rise in 'stored supply' measures indicating a preference for HODLing among existing holders.

🔍 **On-Chain Insights**

- **Realized Profit Spike**: An internal transfer by the WBTC cluster caused a significant spike in realized profit on October 8th.
- **Supply Metrics**: Active supply measures have halved since March, highlighting reduced investor speculation and attention.
- **Liveliness Metric**: Shows a preference for HODLing, further constricting available supply.

This equilibrium between declining demand and tightening supply could signal heightened volatility ahead.

📈 **Bitcoin Market Resiliency Amidst Volatility**

The Bitcoin market continues to showcase its resilience, with recent drawdowns remaining relatively shallow compared to historical bull market trends. Short-Term Holders (STH) have seen improved positioning, as the spot price attempts to reclaim the STH cost-basis at $62.5k. Despite a significant one-day sell-off, the market rebounded to close the week at $63.5k.

🔍 **On-Chain Analysis Insights**

Key pricing levels, such as the True-Market Mean ($47k) and Active Investor Price ($52.5k), indicate a robust market, providing demand support during drawdowns. The STH cohort's profitability has improved, suggesting a positive shift in investor sentiment.

⚠️ **Futures Market Speculation**

A substantial amount of Futures Open Interest remains, posing a risk of deleveraging and liquidation cascades if volatility spikes. Despite a reduction in long-biased speculation, the market remains susceptible to heightened volatility.

Stay informed with Glassnode's comprehensive on-chain metrics and dashboards.

**Bitcoin Market Insights: A Glimpse into the Current Trends**

Bitcoin's cyclical price performance reveals an uncanny similarity across the last three cycles, trading at nearly identical positions. Despite large volumes of BTC acquired near the $73k ATH maturing, the unrealized losses for long-term holders remain minimal, indicating limited financial pressure.

Short-term holders have seen improved profitability during the recent rally, easing financial stress. Institutional demand remains robust, with US Spot ETFs holding 4.6% of the circulating Bitcoin supply, reflecting strong market confidence.

💡 For detailed charts and analysis, visit The Week On-chain Dashboard.

**Bitcoin Reclaims Key Levels Amid Fed Rate Cut**

Bitcoin has surged past the Short-Term Holder cost basis ($61.9k) and 200DMA ($63.9k) following a 0.50% interest rate cut by the Federal Reserve. This has eased pressure on short-term holders, reflecting a period of net capital outflows. New investors show resilience, with realized losses remaining minimal, indicating confidence in the uptrend.

The perpetual futures market is cautiously recovering, with demand increasing but still below strong bull market levels. Overall, the market shows signs of cooling but maintains a positive outlook for new Bitcoin investors. 📈💡

📊 **Market Update: Bitcoin in Equilibrium, Volatility Ahead?**

The digital asset market remains subdued, with minimal capital inflows and outflows. HODLing is the dominant trend, as the actively tradable supply declines and more coins mature into Long-Term Holder status. Price action has been stagnant for six months, hinting at potential volatility.

🔍 **Key Insights:**
- **Realized Cap:** Peaked at $622B, indicating transactions near original acquisition prices.
- **Stablecoin Supply:** Near ATH at $160.4B, suggesting increased buying power but limited rotation into risk assets.
- **Volatility:** Tight market range implies potential for heightened volatility soon.

Stay tuned for more updates! 🚀

🚀 **Glassnode Expands ERC-20 Token Support!** 🚀

Glassnode, a leader in on-chain analytics, has announced the addition of over 500 new ERC-20 tokens to its platform. This expansion allows users to apply the same rigorous analysis to Ethereum-based assets as they do to Bitcoin.

🔍 **Enhanced Metrics for In-Depth Analysis:**
- **Asset Fundamentals:** Active Addresses, Market Cap, Price, and more.
- **Capital Flows:** Transfer Volume, Exchange Balances, Netflows.
- **Profit and Loss Data:** SOPR, MVRV, Realized Profit and Loss.

🎉 **30 Days of Free Access:** All ERC-20 metrics are free for the first 30 days. Dive into comprehensive market analysis and explore new strategies today!

Stay tuned for more updates as Glassnode continues to innovate in the blockchain analytics space.