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Forwarded from unfolded.
Coinbase has seen a large net outflow this week, totalling $1.18bn. The total Bitcoin balance held by Coinbase has now declined by -36.6% from the ATH reached in April 2020 — link | @unfolded
https://t.me/glassnode

Pioneering on-chain market analysis.

Advanced charts/data/insights for investors in Bitcoin and digital assets.

https://studio.glassnode.com/
Forwarded from Glassnode
#Bitcoin has now confidently broken above the Adjusted Realized Price located at $24.6k.

This average cost basis variant excludes the tremendous profit held by lost coins.

The market also recently found support on the classic Realized Price at $19.8k.

📊Live Chart
Is the #Bitcoin bear market over?

With a rally 100% off the lows, $BTC is trading above a very large cluster of supply, that formed the 2022 floor.

This week, we investigate indicators showing if the market making a robust bear market recovery...or not.

Read more in The Week On-chain
Forwarded from Glassnode
With the Bitcoin ETF becoming a classic sell-the-news event, we explore the market's risk appetite for tokens further out on the risk curve.

There are some indicators alluding to Ethereum outperformance, as well as interesting divergences in altcoin price action relative to the majors.

Discover more in the latest Week On-Chain👇
https://glassno.de/3Hszc6P
Forwarded from Glassnode
Assessing the severity of Bitcoin Bull Market Corrections by cycles, an increased level of resilience can noted across our current cycle.

Currently, the largest drawdown has reached a value of only -20.1%, paling in comparsion to historical precedence.

For further information on Bitcoin Price Performance, please visit our Dashboard: https://glassno.de/40Xt7GQ