The Week On-chain: Bitcoin Realized Profits Return - Week 3, 2023 (Bitcoin Onchain Analysis)

🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
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After one of the least volatile months in history, Bitcoin has seen an explosive rally back above $21k. This puts the average BTC holder, and mining operation back into the black, making this rally stand out from those seen in 2022.

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Analysis tools for navigating bear markets:
- Key Pricing models Bitcoin has broken above.
- Return of investors back to a degree of unrealized Profit.
- Mining sector experiencing relief from acute income stress.
- Indicators to watch for a robust bear market recovery.

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🪙 Supply Dynamics: https://glassno.de/3NyhPlK
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Timestamps
0:00 Introduction
2:10 Price Action
3:00 200D-SMA and Mayer Multiple
5:56 Realized Price and MVRV
7:45 On-chain Cost Basis Models
11:20 NVT Price Models
14:45 Mining Pricing Models
17:00 ASIC Rig Analysis
19:25 aSOPR and Realized P/L Ratio
24:31 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.