The Week On-chain: FTX Fallout and the Rise of Self-Custody

With the devastating collapse of the FTX exchange, the digital asset industry has experienced the most shocking insolvency of a custodian since Mt Gox. In this report, we analyze the FTX bank run, seeking of safety in self-custody, and the response of Bitcoin's strongest hands.

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Topics for Discussion:
- Details regarding the bank run on FTX and draining of wallets.
- Wider flow of BTC, ETH and stablecoins in/out of exchanges.
- The historical change in onchain holdings for BTC.
- Immediate response of Bitcoin long-term holders.

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Timestamps
0:00 Introduction
2:38 The FTX Setup
3:40 Draining of FTX Wallets
5:54 Exchange Net Position Change
6:56 Stablecoins Flow into Exchanges
8:00 Stablecoins Flow out of Smart Contracts
9:15 Exchange Stablecoin Buying Power
11:20 Address Cohorts Analysis
11:58 Entity Balance Change Analysis
12:25 HODL Wave Supply Dynamics
13:40 Accumulation Trend Score
14:37 Shrimp and Crab Entities
15:42 Sharks to Whale Entities
17:13 Miner Entities
18:01 Long-Term Holder Supply
20:22 Revived Supply Z-Score
21:50 Dormancy
22:35 CDD Z-Score
24:05 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.