Glassnode Reports Entering the Late Stage of a Crypto Bull Market
1 year ago 0
Резкий рост прибыли у новых биткоин-инвесторов в сочетании с активным распределением монет ходлерами говорит о переходе в позднюю стадию бычьего рынка, заявили в Glassnode. Аналитики отметили схожесть траектории цены в рамках всех растущих трендов первой криптовалюты, несмотря на огромные различия в масштабах, составе участников и динамике рыночной структуры.
In this cycle, the largest drawdown reached 32% and occurred on August 5, 2024. For previous market phases, this figure fluctuated between 36-71%.
However, more recently, CryptoQuant analysts came to the conclusion that Bitcoin's parabolic growth phase is just at the beginning of its movement.
Glassnode
Glassnode is a blockchain analytics company founded in 2018 and based in Germany with an office in Zug, Switzerland. The company's main focus is on analyzing the cryptocurrency market, including Bitcoin, Ethereum and other large assets.
Key features and tools of Glassnode:
- Glassnode Studio:
- Access hundreds of tools to analyze transaction and wallet data.
- Information about mining and trading volumes of cryptocurrency derivatives.
- Market indicators such as spent output profit ratio (SOPR), unrealized profit/loss, Puel multiplier and number of coins destroyed.
- Glassnode Insights:
- Publishing reviews of various areas of the cryptosphere.
Analysis capabilities:
- Selection of assets: Ability to select a specific asset for analysis.
- Various metrics: Addresses, indicators, accounts, exchanges, transactions, markets, organizations, deliveries, UTXO, commissions, mining, blocks and coin distribution.
Subscriptions and access:
- A basic set of tools is provided free of charge.
- Most features are only available with a subscription.
Analysis examples:
- On June 13, Glassnode analysts announced the beginning of the “darkest” phase of the bear market, noting oversold conditions for Bitcoin, but continued correlations with the traditional financial market.
Glassnode provides extensive cryptocurrency market analysis capabilities, with an emphasis on granular data and market indicators.