The Week On-chain - Opportunity? Or a Trap? - Week 4 2023 (Bitcoin Onchain Analysis)

🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
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💸 Realized Profit Loss Dashboard: https://glassno.de/3H6c8dz
💵 Pricing Models Dashboard: https://glassno.de/3J9hVkW

The recent market rally pushed BTC prices above $23k, and surprised many investors. However, alongside higher prices, comes increased motivation for holders and miners to take exit liquidity, especially after a prolonged and painful bear.

📰 Written Report: https://glassno.de/3WjvlxP
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Analysis tools for navigating bear markets:
- Assessing the expansion out of key pricing models.
- Returning of the market to a degree of profitability.
- Short-Term Holders and Miners taking the opportunity.
- Long-Term Holders hanging onto the supply they have.

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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
3:03 Price Action Overview
3:56 Delta and Investor Compression
5:55 Percent Supply in Profit Cycles
9:28 Realized Profit and Loss
10:48 Short-Term Holders in Profit
11:55 Spent Volume Age Bands
13:00 Realized Profit/Loss Overview
16:15 Long-Term Holder Behavior
18:58 Old and Young Supply Realized Price
21:31 Old Supply Net Position Change
22:56 Puell Multiple
24:00 Miner Balance Change
25:05 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.