All the metrics discussed in this videos are tremendously quite expectional to accurately gauge the market bottom with patience. Really appreciated the whole Glassnode team for producing this really amazing insights for your followers for free of cost.
Hi, thank you very much for the video. I think in those volatile markets it would help if you could show on the begining of the video the Bitcoin price used for the followed analyses. Thank you
Isn't it possible that the 'LTH on-chain cost basis during bear markets' thing represents people spending Bitcoin to buy super-cheap alts? I can imagine I might want to do a bit of that in the next few months.
It is very dangerous to believe that anybody understands what is going on now. In a stable environment charts and graphs can be helpful. But the markets have been broken. The world economy shattered. And we have never before been where we now are. Plus, the prevailing view has always been that bitcoin would rise under these set of circumstances. Yet it continues to fall.
@@kevinrudd1 Most of the play above 30k is done by institutions and hedgefunds, only now whales get into play to consolidate and maximize positions. Once they do that the bull market returns and new coins emerge. We just got to make sure what alts are they planning to pump and get on board along with them.
*We don't know IF this bear market will ever end. 2020 was the last bullrun, crypto has never existed outside the 2008 QE-fuelled 0% interest rate market.
What got printed is printed, monetarny base will not get smaller and it won't stop growing. Money will get more expensive for a while, but ppl will still chase opportunity to invest. Meanwhile every month/year of BTC existing makes it more trustworthy and depleats its supply. I'm quite optimistic seeing us on such levels as today.
The FED and other central banks will have to reverse course sooner or later and srart QE again. The whole economy is too levered... US debt/gdp is at 123%. Raising rates also makes the national debt more expensive. Fed will have to turn on printers again in order for the US to be able to finance themselves.
@@taxxxiddriver FED raises rates and whole world economic collapse. Fed keeps rates low, inflation goes up, not because of demand but lack of supply, however, inflation will subside eventually. 3rd option, FED raises rates some, not too much, but threatens to keep hiking creating wealth destruction and demand destruction without materially affecting the debt bubble, and hope supply chains, notably energy, ease. Game of chicken. I dont see it going well
really enjoying the frequency of uploads over the hectic price action we have seen over past few days
Thanks for keeping us level headed. Great video!
All the metrics discussed in this videos are tremendously quite expectional to accurately gauge the market bottom with patience.
Really appreciated the whole Glassnode team for producing this really amazing insights for your followers for free of cost.
Thank you so much for these amazing weekly on chain updates! Much appreciated!!! Thanks again!
Data can't lie even though there are many macro factors at play. Thanks again for the insightful analysis!
Best channel on TH-cam let’s me focus on my trading education until I ready to fully indulge myself in on chain Analysis
Great video, learning so much on how to read on chain. Thank you for the educational content :)
Appreciate this content so much, thank you!
The greatest charts on bitcoin ever. I see why Willy Woo and Will Clemente use your charts all the time. Thank you guys.
This is brilliant, thank you!
You explaining it so perfect. Thank you!
Max pain is now the name of the game 😬
Insightful analysis that doesn't change the fact that many are underwater, and that price trend is still down.
good stuff
love this
this was great as usual
Are we getting back to where we the shrimps can also get in at low prices and accumulate similar to what long-time hodlers did back in 2011 to 2016?
Hi, thank you very much for the video. I think in those volatile markets it would help if you could show on the begining of the video the Bitcoin price used for the followed analyses. Thank you
What is the 300 week SMA of BTC?
Great analysis again! One of the most valuable channels. Thanks to the Glassnode team!
Very good 😊👍
Hello blogger, I have watched several videos you made, which are very lively and interesting. How can I contact you?
thx 4 update
Isn't it possible that the 'LTH on-chain cost basis during bear markets' thing represents people spending Bitcoin to buy super-cheap alts? I can imagine I might want to do a bit of that in the next few months.
might want to update the copyright to 2022 on the last slide :)
Over valued to utility - that sounds like a very made argument. You can use Bitcoin it is affordable - how does the utility change?
Clever narrative, outstanding analysis. Bravo! 🦾
I AIN'T LEAVING
crypto just follow the news, like djones, its because us high inflation record...
if you hodl, just close ur laptop, hodl, forget, open 5 years later
Holding are what n00bs do. Smart money never holds...
Darkest yet in the future, when bit go to 10 000$, we need wait few months.
Does not discuss recession affects.
Pure gold -- I mean, pure BTC
Great time to boost DCA.
Looks like peak capitulation to me. Half the comments are talking about how we need to go down to 5k-10k.
finally some intelligence
❤️👏
this is just the beginning, we will be here for many years to come.
Sure.. But what about the recession..? That's the point
such a great time for short! My portfolio doubled today.
Good call :)
larp
shorts are very risky, too. Please know what you're doing first
BTC to Zero
Crypto RIP
Back to Gold
It is very dangerous to believe that anybody understands what is going on now. In a stable environment charts and graphs can be helpful. But the markets have been broken. The world economy shattered. And we have never before been where we now are. Plus, the prevailing view has always been that bitcoin would rise under these set of circumstances. Yet it continues to fall.
you don't understand how QE caused all markets to correlate.
first
As bear market just started,I think it's gonna below 10k.
Bear market just started? Where have you been the last 6 months?
@@kevinrudd1 Most of the play above 30k is done by institutions and hedgefunds, only now whales get into play to consolidate and maximize positions. Once they do that the bull market returns and new coins emerge.
We just got to make sure what alts are they planning to pump and get on board along with them.
Bear market started in November
We’ll probably have bottom by Dec at the latest. A wick down below 10k is possible but won’t last very long.
@@christpunchers I'm thinking it will be around September rather than in December, considering negative third quarter results.
*We don't know IF this bear market will ever end. 2020 was the last bullrun, crypto has never existed outside the 2008 QE-fuelled 0% interest rate market.
What got printed is printed, monetarny base will not get smaller and it won't stop growing. Money will get more expensive for a while, but ppl will still chase opportunity to invest. Meanwhile every month/year of BTC existing makes it more trustworthy and depleats its supply. I'm quite optimistic seeing us on such levels as today.
Lies.....
@@CryptoC4T yeessssss... nicely said
The FED and other central banks will have to reverse course sooner or later and srart QE again. The whole economy is too levered... US debt/gdp is at 123%.
Raising rates also makes the national debt more expensive.
Fed will have to turn on printers again in order for the US to be able to finance themselves.
@@taxxxiddriver FED raises rates and whole world economic collapse. Fed keeps rates low, inflation goes up, not because of demand but lack of supply, however, inflation will subside eventually. 3rd option, FED raises rates some, not too much, but threatens to keep hiking creating wealth destruction and demand destruction without materially affecting the debt bubble, and hope supply chains, notably energy, ease. Game of chicken. I dont see it going well
@glassnode where do you get the data from on studio.glassnode?
A combination of from our own node (on-chain data) plus from exchanges (for financial, derivatives etc).