1 year ago

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📟 Spotting Cycle Tops and Bottoms Dashboard: https://glassno.de/cycleextreme
🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
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🦐 Shrimp Supply Sink Report: https://glassno.de/41hmhgp
🔢 Ordinal Theory and Inscriptions Report: https://glassno.de/3YSSEjH

The emergence of Ordinal Theory and Inscriptions have given rise to a whole host of new demand cases for Bitcoin blockspace. This week, we have seen fee pressure climb to incredible levels, driving miner revenue up almost 2x.

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Topics for Discussion:
- Analysis of the UTXO Set, and gauging on-chain activity types.
- Observations related to activity vs payload volumes.
- Impact of congestion and fee pressure on miner revenues.
- Assessment of the Inscription types creating these conditions.

Getting Started with Glassnode:
📈 Navigating Tops and Bottoms: https://glassno.de/3OpgSgA
⛓️ 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
👴 Long and Short-Term Holders: https://glassno.de/3QLUzCt

Timestamps
0:00 Introduction
3:04 Analysis of the UTXO Set
5:50 UTXO Volume Analysis
6:20 Active Addresses Momentum
9:00 Mean and Median Transfer Volumes
10:00 Transaction Counts Reach ATHs
11:35 Transfer Volumes Remain Lacklustre
13:05 Fee Pressure Analysis
16:28 Fees Paid vs Block Subsidy Deep Dive
18:53 Inscriptions and Ordinals Analysis
22:22 Summary and Conclusions

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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.

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