MVRV Ratio – DIGIT INFO

Bitcoin Market in Flux: Glassnode Analysis Highlights Key Insights

DIGIT — Wed, 03 Jul 2024 18:30:07 +0000

Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin Investors Hold Substantial Gains As Bitcoin trades in the $60,000 range, Glassnode noted a palpable fear […]

Go to Source

Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’

DIGIT — Tue, 28 Jun 2022 20:30:46 +0000

The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market […]

Go to Source

$5,000 Ethereum by the end of May? On-chain data suggests so

DIGIT — Wed, 14 Apr 2021 17:23:34 +0000

The current speculative trend and Ethereum’s price premium suggest that the altcoin’s price could more than double over the next 7 weeks.

Go to Source

BTC’s ‘Hands of Steel’- 37% of Bitcoin’s Supply Hasn’t Moved Since 2017, 55% Sat Idle After 2018’s Bottom

DIGIT — Tue, 16 Mar 2021 17:00:48 +0000

Just recently, the onchain data and research company Glassnode published a report that introduces variations of Bitcoin’s Spent Output Profit Ratio (SOPR) and Market Value to Realized Value (MVRV) Ratio. Glassnode analyst, Rafael Schultze-Kraft, explains the difference between long-term holders and short-term holders in order to analyze the behaviors of these types of investors. Assessing […]

Go to Source