¿Quieres invertir en #Bitcoin y #crypto con éxito? Nuestras formaciones de análisis on-chain te proporcionan los conocimientos que necesitas para ser rentable (se incluye los datos de indicadores y acceso a la comunidad privada de discord)

http://nodecharts.com/formacion

El cambio de la posición neta hodler vuelve a situarse en valores positivos. Esta métrica evalúa si los tenedores de #Bitcoin tienden a retener sus #BTC o a gastarlos.

Los valores negativos indican un mayor gasto, mientras que los valores positivos muestran que se está reteniendo más de lo que se está gastando.

Será positivo ver que esta métrica se mantenga en valores positivos para seguir considerando nuevas alzas en el último trimestre del año.

#crypto #cripto #criptomonedas

¿Quieres ver los movimientos de la red de #Bitcoin como un profesional? Nuestros gráficos Pro están a punto de llegar a nuestra plataforma gracias a @TradingView. Podrás visualizar todos los datos #onchain de Nodecharts en dashboards personalizados ¡No te lo pierdas!

#btc #crypto

Estamos trabajando en algo grande. Los gráficos Pro de Nodecharts te ofrecerán una visión detallada de los datos on-chain de #Bitcoin, permitiéndote tomar mejores decisiones a la hora de invertir en #crypto. Próximamente en nuestra plataforma

#BTC #onchain

El precio realizado de los usuarios de corto plazo de #Bitcoin se sitúa de nuevo por encima del precio después de 25 días por debajo. Será crucial evitar repetir la situación de agosto y lograr una consolidación sostenida por encima de este nivel.

#BTC #onchain #crypto

🔍 ¿Hacia dónde se dirige el ciclo actual de #Bitcoin? En nuestro último vídeo analizamos los datos on-chain para proyectar los próximos movimientos del mercado.

¡No te lo pierdas!

https://www.youtube.com/watch?v=qhZSBnmuAfo

#Crypto #BTC #onchain

https://www.youtube.com/watch?v=qhZSBnmuAfo

Are we approaching a new bullrun in #Bitcoin? The last time the 30-day moving average of the short-term MVRV crossed above the one level (indicating these users were no longer at a loss), we saw a price increase of over 100%. Will we repeat this pattern?

Earlier in August, we witnessed an attempt by this metric to reverse, but it failed to solidify. We believe that if the price continues to show strength, we could see a similar scenario to what happened at the end of 2023.

#Crypto #BTC

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Take advantage of a 40% discount on data plans and training with the code ESTUDIOPRO40, only until 11-04-2024.

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#onchain #crypto #cryptotrading

Behavioral in #Bitcoin Cycles

Throughout its history, the #Bitcoin market has exhibited clear cyclical behavior from both short-term and long-term users. These cycles can primarily be categorized depending on the market's state, whether bullish or bearish.

Bearish Phase
During bearish markets, we observe a recurring pattern: long-term users tend to accumulate while prices are declining. However, not all of these users are experienced investors. Many entered the market during FOMO (fear of missing out) phases, buying at the top and getting trapped throughout the bearish cycle by not selling in time.

In the later stages of the bearish phase, institutional actors also emerge, taking advantage of the falling prices to inject large amounts of capital, finding enough liquidity in the downturn to make significant purchases.

Once the market reaches its cycle lows, we notice a decrease in long-term users capital, especially those who bought near the all-time highs and finally sell after being unable to bear further losses. At the same time, there is a rebound in short-term user activity, generally more experienced participants, who begin accumulating positions in anticipation of the upcoming bullish phase.

Bullish Phase
During the bullish phase, it’s crucial to identify key areas of the cycle (marked in orange), as these signal the start of a new bullrun. In this phase, we observe a significant increase in short-term users and a decline in long-term users.

In the early stages of the bullrun, traders and institutions detect the shift in market direction, and at the same time, long-term users with larger capital start selling as prices rise. Toward the end of the bullish cycle, short-term users enter the market driven by FOMO, while long-term users continue to sell. These new short-term users eventually become trapped long-term holders when the market reverses direction, starting the bearish cycle all over again.

This cyclical behavior has been a constant in the Bitcoin network over the years, and it is highly likely that we will see it repeat in the current cycle.

#BTC #Crypto #Onchain

This #Bitcoin cycle is different from previous ones in several ways. We have seen all-time highs before the halving, the approval of #BTC ETFs, and other important milestones. It has also been atypical in terms of breaking historical highs: after reaching them, we have not managed to consolidate above them in a few weeks, something not seen in previous cycles. We've been close to the highs for 8 months, but we haven't been able to consolidate above them and kick off the much-anticipated bullrun.

In the chart, we analyzed the behavior of long-term holders (LTH), and we will observe something that we haven't seen in other cycles.

· First study: Proportion of gains and losses of the inactive supply from LTH
We represent the gains (in green) and losses (in red) of the inactive supply from LTH, in relation to the total (in orange). Historically, when gains represent the entire market, bullruns occur. This makes sense, as when all-time highs are reached, LTHs are not selling at a loss.

· Second study: Spent supply from LTH
Once again, we represent gains in green, losses in red, and the total in orange. Here, we confirm that during bullruns, all LTHs sell their bitcoins at a profit. This is also logical since, as mentioned earlier, all LTHs are in profit.

· Third study: Average age of spent supply from LTH selling at a loss
In this analysis, the most notable point is that we have not yet seen large areas where LTHs are selling at a loss, which makes sense since we have barely consolidated above the 2021 all-time highs. However, the most interesting and different aspect of this cycle is that, for the first time, we are seeing newly-entered LTHs selling at a loss before surpassing all-time highs.

In previous cycles, like in early 2017, LTHs who sold at a loss had held their bitcoins for more than 1200 days, as the retracement period was much shorter. In this cycle, the average age is around 200 days, indicating that these users bought between March and May of 2024. This means that, for the first time, we have seen sales at a loss with so few days between purchase and sale. If we are indeed in a consolidation phase and many are buying this zone in anticipation of a bullrun, these sales represent significant liquidity for those entering the market.

#crypto #cryptomarket #onchain

When we study most #BTC metrics that represent profit or loss-taking, we almost always get similar results. These metrics are incredibly useful in detecting whether we are at a market bottom (accumulation) or, conversely, at a market top (distribution). In today’s dashboard, we display the price of #Bitcoin at the top, the coin days destroyed in profit (green) and loss (red) in the middle section, and the realized profit/loss ratio at the bottom.

If we aim to identify areas where a bear market could end, we look for losses. By applying moving averages with specific lenghts, we can detect with great precision the ideal entry points into the market, seeking areas of significant losses and minimal gains. As we’ve mentioned on several occasions, zones with substantial losses always represent liquidity for large capital investors who want to enter the market without pushing the price against themselves. As seen in the image, the market entry zones are clearly marked on the dashboard we’ve created, labeled as buy areas.

On the other hand, if we aim to detect areas where a bull market could end, we look for profits. This is not as straightforward as identifying bear market bottoms, as behaviors vary depending on the metrics we analyze. It is well known that the most challenging part of investing is knowing when to exit the market.

However, one pattern we’ve observed in the last two bull cycles is related to the coin days destroyed in profit metric. While the price climbed higher, this metric showed lower highs, forming a divergence. This suggests that even though higher prices were reached, either the volume transferred was much lower or the holding time of the bitcoins being sold was shorter, indicating that long-term holders (LTH) had already taken profits.

As for the realized profit/loss ratio, we see two possible behaviors with a similar meaning to what was described above. In 2017, the price kept rising while the metric failed to reach new highs, confirming what we saw with coin days destroyed in profit. If the price increases, the profit ratio should rise as well, as profitability should align with price growth. Since this wasn’t the case, it signaled a weakening trend, with profits being taken earlier or with a decreasing volume of gains.

In 2021, this pattern was even clearer, with a strong divergence between rising prices and lower highs in the metric. Even during the later price surge towards the end of 2021, the ratio was much lower, indicating that the November ATH was clearly manipulated, driven by short-term holders.

We will be closely monitoring these metrics in the coming months, as they could be key in signaling when we will reach the end of the current cycle. We may see a pattern similar to 2017, with a gradual slowdown, or 2021, with a more pronounced divergence. However, it is also possible that we are witnessing an entirely new behavior, given the current market context and the participation of institutional investors.

Finally, if you’d like access to these dashboards, purchase one of our data plans, and we’ll provide them to you. This way, you’ll always stay informed about which phase of the market we’re in.

#crypto #cryptotrading #onchain

It's often said that long-term holders are mostly the ones determining the key buy and sell zones in #Bitcoin. While this is partly true, following the swing traders on the network also gives us significant entry and exit points. In the chart, we can see bitcoins spent with profits between 1 and 3 months.

#Btc #crypto #onchain #Tradingview #Nodecharts

We anticipated #Bitcoin’s rise from $70k to $90k thanks to our #onchain data.

Discover in our latest report how key metrics and the STUDIO PRO tool help you identify cycle ends and #trading opportunities.

Read the full report here: https://nodecharts.com/en/on-chain-data-predicted-this-bull-run/

#BTC #crypto