The Week On-chain: A Volatility Slumber - Week 2, 2023 (Bitcoin + Ethereum On-chain Analysis)

The digital asset market has opened the new year...by staying asleep. Realized volatility for the two major fell to extreme lows. Such periods have historically preceded explosive market moves, with past examples both cutting asset valuations in half, and triggering new bull markets.

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Topics for Discussion:
- Extremely low volatility which usually precedes large moves.
- Dead quiet on-chain activity for BTC and ETH.
- On-chain Volume collapses, especially Whales sized volumes.
- Drawdown in the Realized Cap as a measurement for damage.

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⛏️ 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
3:10 Price Action
4:00 Realized Volatility
6:05 New Address Momentum
7:43 Fee Revenue Z-Score
10:57 Exchange Inflow and Outflows
13:30 Ethereum On-chain Activity space
15:27 Fundamentals of the Realized Cap
18:31 Drawdown of Realized Cap
21:00 Realized Dominance
22:55 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.