The Week On-chain: Bitcoin Flash Crash! Is the Bullish Trend Over? (Bitcoin Onchain Analysis)

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The Bitcoin bulls have been caught off guard this week, as the largest single day sell-off of the year sends BTC prices below $25k. A deleveraging in futures markets appears to be the catalyst, however a bigger concern may be the 88.3% of Short-Term Holder supply now held in an unrealized loss.

📰 Written Report: https://glassno.de/3spUptW
🪟 Live Dashboard: https://glassno.de/45Wel6b
📊 Realized Profit/Loss Momentum: https://glassno.de/3P6XkAq

Topics for Discussion:
Range and expansion and high volatility has finally arrived.
A deleveraging in futures markets appears to be the main catalyst.
On-chain indicators suggest there is a risk of being ‘top-heavy’.
Deep dive into Realized Profit/Loss Ratio Momentum.

Key Dashboards
💸 Mastering Realized Cap Dashboard: https://glassno.de/3YgoxUg
♟️ Mastering MVRV Dashboard: https://glassno.de/3IRQB9k
🚀 Start your Glassnode Advanced free trial today: https://glassno.de/3QFXu0S
🔬 Technical Analysis Toolbox: https://glassno.de/3MPzgRv
📟 Spotting Cycle Tops and Bottoms Dashboard: https://glassno.de/cycleextreme
🐻 Recovering From a Bitcoin Bear Dashboard: https://glassno.de/recoveringbear
🏦 Exchanges Dashboard: https://glassno.de/3RimWJY
💸 Realized Profit Loss Dashboard: https://glassno.de/3H6c8dz
💵 Pricing Models Dashboard: https://glassno.de/3J9hVkW
🌊 HODL Wave Dynamics: https://glassno.de/3xzSmTn
📈 Bitcoin Price Performance Dashboard: https://glassno.de/3UwBRCf
🦐 Shrimp Supply Sink Report: https://glassno.de/41hmhgp

Getting Started with Glassnode:
📈 Navigating Tops and Bottoms: https://glassno.de/3OpgSgA
⛓️ On-chain Activity: https://glassno.de/3xXM13Q
⛏️ 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
👴 Long and Short-Term Holders: https://glassno.de/3QLUzCt

Timestamps
0:00 Introduction
3:09 Technical Price Models
5:10 On-chain Cost Basis
7:00 Weekly and Daily Price Performance
8:04 Options Market Analysis
11:10 Futures Market Analysis
12:35 Futures Liquidations
13:51 Funding Rates
14:26 Supply in Profit: Top Heavy Markets
17:45 Long-Term Holder Reaction
18:58 Short-Term Holders in Loss
21:21 Deep Dive: Realized Profit/Loss Momentum
28:41 Summary and Conclusions

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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.