Glassnode Onchain Analysis Week 39, 2021

The Glassnode video report provides a weekly analysis update of the trends, performance, and onchain metrics for Bitcoin and the crypto market.

This week we analyse:
Exploring the bull and bear cases for the current market structure, as well as a deep dive into our new Lightning Network metrics.

Topics for Discussion:
- Bearish case related to low on-chain activity
- Profitability and on-chain cost basis for the market
- Bullish undertones of HODLing and accumulation
- Assessing supply dynamics and coin matuation.

Written Newsletter: https://glassno.de/2WdTJI7
Live Dashboard: https://glassno.de/2VSnUVj

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For on-chain metrics and charts, visit Glassnode Studio: https://glassno.de/2ORpNLT

Timestamps
0:00 Introduction
1:30 Bear case for on-chain activity
4:00 Active entities analysis
5:45 Entities Net Growth
9:05 Short-term holder profit and loss
11:40 Short-Term Holder MVRV Ratio
14:00 HODLer analysis and coin days destroyed (CDD-90)
16:05 Long-term Holder analysis
17:30 Liquid and Illiquid Supply
19:50 Exchange balance flows
20:40 Lightning network metrics

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.

GlassnodeOnchainAnalysis