Can't stress enough how great these short digest reports are! Fantastic advice in trade planning (form a plan, document the plan, trade the plan). I completed two of three steps back in 2019 and failed to execute the plan, had I traded my plan I would have been much more profitable in a DCA out strategy and would have provided me capital to buy the mid '21 dip to resell into the strength later in that year.
Oh my God, aren´t you guys putting out a course, workshop or something like that?! I would be totally in! Your insights are amazing. I liked the breakdown of the inputs of the metrics, because that helps to understand how these are measured, and how you´re searching for specific movements in the markets when you program the inputs. I mean, it´s like connecting your mind with your actual tools.
Workbench tutorial was great. In the next video could you do a deep dive on the market-realised gradient? Or perhaps do an "on-chain 101" video for this metric.
Some of the charts you shared when looking at the live dashboard are just pictures and I can't replicate them on my workbench because some of them have custom formulas. So can you also share the glassnode link to the actual workbench charts you mentioned on the video? Love the content! Please keep it up! Thank you!
Hi, thanks for watching. Yes we we have been including some charts as image metrics recently as they are either a) unreleased from the glassnode engine room, or b) the annotations on T3 metrics are useful for the video session. For all charts, the links to the workbench are always available within the written newsletter underneath if you ever have an issue finding them. Let us know if you can't find any of the charts and we will endeavour to make them easier to find.
Quick question here, LTH are those who have held the coins >= 5 months and STH are those who have held the coin < 5 months? Am I understanding this correctly?
Thanks for the nice analysis about the market being uncertain. Agree with another comment that you could have kept the discussion about ftx BTC balance to minimum.
I can't get bullish this year - too much uncertainty. All of these world events are good for crypto long-term, but not short-term. The cycle is over. Time to get bullish again in 2023/4. We are only 2 years from the next halving.
I agree, except I think it's more useful to think less in terms of halvings now, and more in terms "price depression" where the fair value of BTC is much higher and world events (risk-off) are impacting price negatively because hedge funds and traditional investors (who are new to the crypto space) are treating it like any other asset class (i.e. selling into uncertainty). This behavior will continue until there is a realization that fiat is a less attractive refuge from uncertainty than BTC. Wars, pandemics, supply chain train wrecks, and financial crises are speeding this process of realization, but attitudes are always slow to change, especially in an extremely conservative industry such as finance.
The fair value of BTC is not higher than where we are now, though - most measures put it at like $25k. There is a lot of downside here still. There needs to be a final washout.
@@danlindy9670 the 200 day SMA was the ceiling during the last bear market. The 200 week SMA was the bottom. Who knows what we actually do - I just find it inconceivable we have a big bull market starting this year.
@@BGWee same was said during COVID dump. Then printer went BRRRR. Looks like 25 basis points from the FED no more, which is already priced in. Balance sheet unchanged. So many bad things going on economically, war etc, yet higher lows are being made on the daily. Many major players have cost basis around 30k which weren't in the market before. The halvening cycles were a useful indicator but it seems to me the game has changed. Possibly decreasing volatility, meaning shorter term bulls and bears. Now to be clear I'm not saying BTC will hit ATHs any time soon. But it may trade sideways for a good while. We may not see these huge capitulation events anymore. Market is very uncertain, so I won't be selling/trading. If price falls to 24k range i will happily buy more.
Thanks for making it balanced dude. Despite this guys incoming comment about how my eyes will soon fall out or whatever... Darkmode still sucks badly 😎
*nice video investing successfully in crypto requires the expertise of a professional broker that is why i have made profit since i started trading with a professional* .
Thank you for sharing valuable information like this for free. You're doing the god works
Glad it was helpful!
Can't stress enough how great these short digest reports are! Fantastic advice in trade planning (form a plan, document the plan, trade the plan). I completed two of three steps back in 2019 and failed to execute the plan, had I traded my plan I would have been much more profitable in a DCA out strategy and would have provided me capital to buy the mid '21 dip to resell into the strength later in that year.
true
Another insightful and excellent presentation. Thank you.
Extremely Valuable info! The more I study, the more clear the picture becomes. Cheers, Checkmate!
Glassnode Is one of the few platforms I prefer the light mode.
As always thanks for the video Checkmate.
Hey
Brutal as always, I think who is really consolidating here is you hehe, an expert delivering high quality content, thanks for sharing!!
Cheers pal
Oh my God, aren´t you guys putting out a course, workshop or something like that?! I would be totally in! Your insights are amazing. I liked the breakdown of the inputs of the metrics, because that helps to understand how these are measured, and how you´re searching for specific movements in the markets when you program the inputs. I mean, it´s like connecting your mind with your actual tools.
hey glassnode guys, you are all original gangstas in my book
Greatly explained the FTX growth insights through Work Bench tool and we will definitely find more creative metrics through it.
Workbench tutorial was great. In the next video could you do a deep dive on the market-realised gradient? Or perhaps do an "on-chain 101" video for this metric.
I am seeing that Glassnode has more than just charts! :-) Cool!
Thank you so much, true content in the noise of clickbaits ✌️
hitting like first then listening.
More models indeed! that was a cool breakdown of the impact of FTX in comparison to exchanges and how to facilitate it
Great coverage, useful indeed.
What was the point showing ftx growth for so long. How does it effect bitcoin price or even helps in the analysis?
How in the world doesn’t this channel have over 1M followers easy 🤷🏾♂️
On of the most valuable content on crypto market. Thanks
i would just like to see Supply and Demand metrics. wallet sizes buying selling. etc etc thanks
Very interesting video. Yes definitely love to watch you talk through workbench stuff.
Thanks for sharing your thoughts ...... 👌👍
But why the growth in the FTX exchange and what is the significance of that growth?
Some of the charts you shared when looking at the live dashboard are just pictures and I can't replicate them on my workbench because some of them have custom formulas. So can you also share the glassnode link to the actual workbench charts you mentioned on the video? Love the content! Please keep it up! Thank you!
Hi, thanks for watching. Yes we we have been including some charts as image metrics recently as they are either a) unreleased from the glassnode engine room, or b) the annotations on T3 metrics are useful for the video session. For all charts, the links to the workbench are always available within the written newsletter underneath if you ever have an issue finding them. Let us know if you can't find any of the charts and we will endeavour to make them easier to find.
I hear him talked, I pressed like, no question asked.
Thank you!
gracias
That FTX chart was awesome. Looking forward to trying this out
Excelente contenido ! Si lo pueden subtitular en español mucha más gente lo aprovechará
Love this! Thanks
Literally called out everything I did on chain this past couple of weeks 😭😭😭
When he said “taking coins from Coinbase to FTX” I was like 😳😬🤯
thank you
Really good explanations.. Thank you
Quick question here, LTH are those who have held the coins >= 5 months and STH are those who have held the coin < 5 months? Am I understanding this correctly?
Great stuff as always
Thanks for the light mode:)
Thanks, Mr. Check 😃
Amazing! I should be getting access to GN in the coming weeks, looking forward to working with such a powerful tool.
Thanks for the nice analysis about the market being uncertain. Agree with another comment that you could have kept the discussion about ftx BTC balance to minimum.
thx checkmate
Thanks
I don’t understand much but I’m greatfull that this information is out there.
I can't get bullish this year - too much uncertainty.
All of these world events are good for crypto long-term, but not short-term.
The cycle is over. Time to get bullish again in 2023/4. We are only 2 years from the next halving.
I agree, except I think it's more useful to think less in terms of halvings now, and more in terms "price depression" where the fair value of BTC is much higher and world events (risk-off) are impacting price negatively because hedge funds and traditional investors (who are new to the crypto space) are treating it like any other asset class (i.e. selling into uncertainty). This behavior will continue until there is a realization that fiat is a less attractive refuge from uncertainty than BTC. Wars, pandemics, supply chain train wrecks, and financial crises are speeding this process of realization, but attitudes are always slow to change, especially in an extremely conservative industry such as finance.
The fair value of BTC is not higher than where we are now, though - most measures put it at like $25k.
There is a lot of downside here still. There needs to be a final washout.
@@BGWee We can agree to disagree on the fair value. BTC very rarely falls below the 200 day SMA.
@@danlindy9670 the 200 day SMA was the ceiling during the last bear market. The 200 week SMA was the bottom.
Who knows what we actually do - I just find it inconceivable we have a big bull market starting this year.
@@BGWee same was said during COVID dump. Then printer went BRRRR. Looks like 25 basis points from the FED no more, which is already priced in. Balance sheet unchanged. So many bad things going on economically, war etc, yet higher lows are being made on the daily. Many major players have cost basis around 30k which weren't in the market before. The halvening cycles were a useful indicator but it seems to me the game has changed. Possibly decreasing volatility, meaning shorter term bulls and bears. Now to be clear I'm not saying BTC will hit ATHs any time soon. But it may trade sideways for a good while. We may not see these huge capitulation events anymore. Market is very uncertain, so I won't be selling/trading. If price falls to 24k range i will happily buy more.
great video!
Thanks!
Great content, just art, congrats
Thank you!
this one went a bit overhead but I take away the main point. thanks!
Thanks for making it balanced dude. Despite this guys incoming comment about how my eyes will soon fall out or whatever... Darkmode still sucks badly 😎
Great< video
FTX got 7,1% API (earnings) on BTC. Thats very high! Is that the reason why people send so much BTC to FTX??
Could China taking Taiwan be the black swan event? Feels like 5-10k, then covid, now China?
Once again asking for a Ben Cowan crossover episode (don't worry I bother him with glassnode comments too)
today is 8th of march and by end of march we will be at 20 to 14k area. looking forward to it
dream on :)
@@Mikanoshi the world is full of uncertainty atm
if highs are not parabolic thn lows wont be capitulated .... simple science
Excellent content. Still uncertainty of market direction. Access what u will do for each scenario.
First
🥇
dark mode is so much better for the Dashboard
%100 agree, but it seems that the glassnode cares about the minority.. 😵💫😵💫
Need more dark mode!
*nice video investing successfully in crypto requires the expertise of a professional broker that is why i have made profit since i started trading with a professional* .
Keep hodling, keep accumulating