Is Bitcoin Back From the Dead? (On-chain Analysis Market Update)

🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
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Bitcoin has rallied from $16.5k to $21.0k over the last week, giving the market long awaited relief after the painful 2022 bear market. Whilst this is encouraging for the bulls, it is important to keep ourselves grounded in the fundamentals.

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Analysis tools for navigating bear markets:
- Key Pricing models with psychological significance.
- On-chain activity as a gauge on network usage.
- Profitability to indicate the changing of the tides.
- Supply dynamics indicating a favourable balance of wealth.

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⛓️ On-chain Activity: https://glassno.de/3xXM13Q
⛏️ Mining Fundamentals: https://glassno.de/3nnfL5m
🪙 Supply Dynamics: https://glassno.de/3NyhPlK
🕰️ Introduction to Lifespan: https://glassno.de/3ehCmzn
💸 Realized and Unrealized Value: https://glassno.de/3ExnCa1

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Timestamps
0:00 Introduction
4:02 Recovering From a Bitcoin Bear
7:22 Key Pricing Models
9:45 New Address Momentum
11:05 Fee Revenue Z-Score
12:22 aSOPR Profitability
15:07 Realized P/L Ratio
16:26 RHODL Multiple
19:40 Supply in Profit Trend
22:47 Review of the Current Cycle
25:54 Summary and Conclusions

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

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.