Bitcoin Approaching New ATHs - The Week On-chain 10, 2024 (Bitcoin Onchain Analysis)

Subscribe to our second channel - Glassnode Clips - delivers bite-sized weekly analyses, offering insights into Bitcoin and the wider crypto market’s trends, performance, and on-chain metrics. @glassnodeclips Bitcoin continues to surprise the market, with its recent rally pushing towards all-time-highs, even prior to the upcoming halving event. In this report, we assess how the demand inflows from the US Spot ETFs are interacting with the supply being released by Long-Term Holders taking profits. 📰 Written Report: 📊 Live Dashboard: Topics for Discussion: - Assessment of Bitcoin performance as we approach ATHs. - Observations around exchange vs ETF flows to find the balance. - Long-Term Holders start their classic ATH distribution pattern. Key Dashboards 🥇 Mastering Realized Cap Report: 💸 Mastering Realized Cap Dashboard: ♟️ Mastering MVRV Dashboard: 🚀 Start your Glassnode Advanced free trial today: 🔬 Technical Analysis Toolbox: 📟 Spotting Cycle Tops and Bottoms Dashboard: 🐻 Recovering From a Bitcoin Bear Dashboard: 🏦 Exchanges Dashboard: 💸 Realized Profit Loss Dashboard: 💵 Pricing Models Dashboard: 🌊 HODL Wave Dynamics: 📈 Bitcoin Price Performance Dashboard: 🦐 Shrimp Supply Sink Report: 📊 Realized Profit/Loss Momentum: 🪟 Capital Rotation Dashboard: Getting Started with Glassnode: 📈 Navigating Tops and Bottoms: ⛓️ On-chain Activity: ⛏️ Mining Fundamentals: 🪙 Supply Dynamics: 🕰️ Introduction to Lifespan: 💸 Realized and Unrealized Value: 👴 Long and Short-Term Holders: Timestamps 0:00 Introduction 3:36 Price Overview 5:05 Comparison to Prior Cycles 8:00 Quarterly, Monthly and Weekly Performance 9:50 Exchange vs ETF Fund Flows 12:19 Average Size of Exchange Inflow/Outflow 14:55 On-chain Cost Basis Analysis 16:31 Long and Short-Term Holder Supply 18:40 LTH-MVRV Analysis 10:58 LTH Binary Spending Indicator 22:55 LTH Net Position Change 24:38 LTH Volume in Profit/Loss 27:04 Summary and Conclusions Follow us and reach out on Twitter 🐦: Join our Telegram channel: For on-chain metrics and charts, visit Glassnode Studio: 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.