On-Chain Analysis | ForkLog

ForkLog 58 16.11.2023

Report: Layer-1 Blockchains Ten Times Higher in TVL Than L2s

Total TVL across the ten largest Layer-1 blockchains is 9.6 times higher than that of L2 protocols.

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ForkLog 34 13.11.2023

Analysts compare the pace of shrinking available Bitcoin supply with its issuance

The available supply of digital gold has fallen to all-time lows, and the pace of moving coins into long-term storage is about 2.5 times faster than the rate of issuance. Glassnode analysts say.

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ForkLog 12 08.11.2023

Glassnode: In anticipation of the halving and an ETF, hodlers have hoarded a record number of coins

Glassnode: despite the active rebound of digital gold since the start of the year, coin supply remains extremely limited due to hodlers' actions.

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ForkLog 15 02.11.2023

Experts point to nascent uptrend in Bitcoin price

Glassnode: corrections in Bitcoin and Ethereum were shallower than in the previous uptrend, allowing for capital inflows.

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ForkLog 12 31.10.2023

The number of profitable Bitcoin addresses hits historic high

The number of Bitcoin wallets in profit has surpassed 39 million. This marks a new record, according to Glassnode data.

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ForkLog 23 24.10.2023

Glassnode: Bitcoin clears a string of key resistance levels

Glassnode: Bitcoin hit a new high since the start of the year, breaking through key barriers near $28,000 as technical (200D MA, 200W MA) and on-chain in nature.

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ForkLog 23 19.10.2023

Analysts outline features of Bitcoin price recovery

The current Bitcoin market structure shows similarities to the recovery phase after bear-dominated periods in 2016 and 2019, according to Glassnode experts.

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ForkLog 26 16.10.2023

Analyst assesses whale behaviour in Bitcoin and Ethereum

Since the start of the year, Ethereum whales (over 1,000 ETH, about $1.5m) have reduced positions by 12 million ETH, while Bitcoin whales (more than 1,000 BTC, about $26.9m) have been accumulating coins.

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ForkLog 24 11.10.2023

Analysts note shrinking liquidity in the cryptocurrency market

Glassnode: liquidity continues to decline amid a slide to cyclical lows in on-chain transfers, changes in exchange balances and capital flows.

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ForkLog 18 11.10.2023

Opinion: a top on-chain analyst can land a high-paying job at the click of a finger

There is high demand in the market for on-chain analytics services, especially those specializing in cybersecurity.

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ForkLog 9 11.10.2023

Bitcoin transaction volume falls as Ordinals hype cools

Average weekly transaction volume fell to ~283,000 (the lowest since February) after a peak of ~600,000. The decline occurred concurrently with a slowdown in activity in the Ordinals segment.

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ForkLog 26 10.10.2023

Analyst points to potential Bitcoin rally after breaking above $27,900

Bitcoin price is expected to rise substantially if it holds above $27,900. The level matches the MVRV indicator for short-term market participants, according to CryptoQuant analyst Maartunn.

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#On-Chain Analysis