Thank you so much for this consistently amazing content! Every video is succinct, packed full of highly useful information, and no hype - just solid data analysis overlayed with invaluable interpretation. Thank you, please don’t change anything! 🙏🙏🙏
I love your videos. Best on-chain analysis. Most valuable statements. Your work is an important piece of a framework to get a picture of this market. Thank you!
I appreciated an unexpected update from glassnode. You're data is amazing and your vids are humanizing to the otherwise seemingly larger-than-life glassnode
Around 6:00 you're talking about people getting the market exactly wrong, but of course we are looking at the ones who got their positions liquidated, so by definition these are the people who bet against the market. The ones who bet correctly don't show up on a chart of liquidations because their positions didn't get liquidated. :)
I was thinking the same but wouldn't the line always be at 50% (approximately) if it's true what you say. Apparently more people are betting in the wrong direction as more than 50% is being liquidated in some cases.
Thanks mate, these market primers are nice during key junctures / transition periods (e.g., quarterly close now, longer consolidations, etc.) I do agree that we were in a network bear market, whilst being in a quantitative range consolidation with existing participants. It actually gives me lots of confidence in the players already in the sandbox. Now we need the next wave of adoption!
If such a gigantic long accumulation occurred since October and the price was still going down that much, wouldn’t that indicate that we’ve also seen an enormous amount of sell pressure outweighing the accumulation ? How does this fit into a hodler dominated market ?
Something I'd like to see in the workbench tutorial is how to adjust both the range and 0 point of the y-axis. I am sure there must be a way but I have not discovered it. For example say I make a bar plot of new addresses or accumulation addresses. I don't want it to be huge covering an oscillator, or SMA that climbs up the screen. I want it to be towards the bottom where it doesn't cover up other things. Or, like with the "oscillator" made in this tutorial, how do I expand the y-axis range on either side of the 0 point so the oscillator becomes visually smaller, and then move the 0 point so that particular oscillator can be towards the bottom of the screen. It seems like there should be some sort of scroll bar and drag/drop for these things but I can't find how.
The easiest way to do this is to create a formula > Apply a constant that is large enough to 'push down' your oscillator (say 25) > and put this trace on the same axis as your oscillator (and make it white/black). This will make the maximum value that needs to be displayed on that axis larger and therefore squeeze your metric into the desired range.
@@glassnode Thanks, what about in the case of a metric like simply price, or new addresses, where I don't want price to be covered by the bar graph of addresses? Just create a formula subtracting or adding an arbitrary amount to either until both are sufficiently visible?
Do Kwon gobbling up BTC $125mill at a time to back TerraUSD about a week ago is what is mainly responsible. He's been buying on Binance and not OTC and just bought about $1bill and has about $9bill to go. He even taunted the traders to keep shorting. Looks like happy days ahead.
I’m not sure if you’re properly explaining all of these charts. For The inflation chart sometimes you were saying that green bars below 0 indicated excess demand and other times you were saying that it was the bars above 0 that indicated excess demand. You said inflation rate of new coins is 1.8% and yet at most pouts in time supply is far above the 1.8%. Presently we are at 14%, so new coin supply plus 12% excess. And that is supposed to be interpreted as good? I think you need to clarify the logic and interpretation here and also with the presentation more generally.
Looks interesting…fairly new to crypto…class of 2021.. still getting familiar with Crypto ‘jargon’, charts, metrics…etc Ques: when you use the terms… accumulation and distribution.. do these ‘words/jargon’ imply Bullish and Bearish.. or can these same words have an inverse meaning based on a particular metric ..for us relative newbies, it would be most helpful to throw in the term ‘bullish or ‘bearish’..until we catch on to the ‘jargon’…something as simple as this, may well be beneficial to increase your ‘Glassnode’ platform subscription count
These terms do not directly relate to the market sentiment being bearish or bullish, it simply means (typically) long term holders buying up/selling the supply regardless of the short term movements in the market. Typically, smart, patient money will buy supply when the market is overly bearish. On the other hand, impatient money will typically dump at whatever exit liquidity there is, thinking the market is gonna tank further. In my years in crypto, i found best success not trying to time the market, but simply spend more time in the market. Just avoid buying the top in the macro bull cycle and you are gonna be fine long term.
extremely undervalued channel
I don't understand too much of this, but it's very comforting to hear his voice
Thank you so much for this consistently amazing content! Every video is succinct, packed full of highly useful information, and no hype - just solid data analysis overlayed with invaluable interpretation. Thank you, please don’t change anything! 🙏🙏🙏
You're so welcome!
It’s so satisfying to hear crypto analysis that isn’t a bunch of hopium coin pumping bs! Thanks for a great overview! 😁
I love your videos. Best on-chain analysis. Most valuable statements. Your work is an important piece of a framework to get a picture of this market. Thank you!
Much appreciated!
Love these mid week updates about what's happening in the markets. Keep them coming. Thanks checkmate!
I love this type of content, thank you
Likewise, good stuff mate
I appreciated an unexpected update from glassnode. You're data is amazing and your vids are humanizing to the otherwise seemingly larger-than-life glassnode
World class analysis...please more of it
Love this timely update. Learned a lot. Keep it up
Glad to hear it!
Wow - this is absolutely awesome - a real testament to the data granularity and nuance available via glassnode - thank you very much for your work!
Very insightful video. Much appreciated and hope you do more. 👍
Thanks Checkmate, excellent video as usual.
Just fantastic analysis. Look forward to each and every week!
Much appreciated!
This content is amazing.
Thank you for the timely update!
Thanks! Excelent work!! 👏👍
Workbench tutorials are great. Would love to see more of those.
Thanks for the great content.
More to come!
Awesome, love these videos you guys are starting to do - cheers Checkmatey!
Great work and outstanding wording and explanation!
LTH MArket Inflation Rate is not available on Glassnode. Why?
Great content as always, really like the up to date video.
flash update content like this is awesome!
still loving this channel
Amazing!!!!....Please keep this content....WOW!!!....I've seen alot but just luv the facts....Really no bullshit...Thank u.
I love it, thank you
Thank you Glassnode team!
Our pleasure!
Around 6:00 you're talking about people getting the market exactly wrong, but of course we are looking at the ones who got their positions liquidated, so by definition these are the people who bet against the market. The ones who bet correctly don't show up on a chart of liquidations because their positions didn't get liquidated. :)
I was thinking the same but wouldn't the line always be at 50% (approximately) if it's true what you say. Apparently more people are betting in the wrong direction as more than 50% is being liquidated in some cases.
Would love to have more workbench videos! can't thank you enough. so informative!
Nice stuff! Very educational! Thanks
Love the timely content. Thank you
New sub here, great video!
superb
“Let’s dig a little deeper.” 🤟
Always when you say: “old coins” I hear: “alt coins” 🤣
More workbench tutorials! Helps build my understanding of the metrics
Great work
Great content, thanks
love this content
This was great 👍
This is really good stuff!
Good stuff!
Thank you 🙏🏼
Very useful analysis. Thanks
Glad it was helpful!
Really like this content. Thank you 😊
This is an amazing tutorial , thanks
Such a great quality content ! Thank you very much !
Love it thanks
Terra's buying of bitcoin is driving much of the price action for the last week and probably the following weeks as well.
Good stuff thanks
we sure do enjoy immediates
Thanks for the video's
Thanks mate, these market primers are nice during key junctures / transition periods (e.g., quarterly close now, longer consolidations, etc.)
I do agree that we were in a network bear market, whilst being in a quantitative range consolidation with existing participants. It actually gives me lots of confidence in the players already in the sandbox. Now we need the next wave of adoption!
If such a gigantic long accumulation occurred since October and the price was still going down that much, wouldn’t that indicate that we’ve also seen an enormous amount of sell pressure outweighing the accumulation ? How does this fit into a hodler dominated market ?
Retail & long option buyers getting squeezed out
What is driving this pump. Easy, CZ is in South America talking to rich people there all about btc
Something I'd like to see in the workbench tutorial is how to adjust both the range and 0 point of the y-axis. I am sure there must be a way but I have not discovered it. For example say I make a bar plot of new addresses or accumulation addresses. I don't want it to be huge covering an oscillator, or SMA that climbs up the screen. I want it to be towards the bottom where it doesn't cover up other things. Or, like with the "oscillator" made in this tutorial, how do I expand the y-axis range on either side of the 0 point so the oscillator becomes visually smaller, and then move the 0 point so that particular oscillator can be towards the bottom of the screen. It seems like there should be some sort of scroll bar and drag/drop for these things but I can't find how.
The easiest way to do this is to create a formula > Apply a constant that is large enough to 'push down' your oscillator (say 25) > and put this trace on the same axis as your oscillator (and make it white/black). This will make the maximum value that needs to be displayed on that axis larger and therefore squeeze your metric into the desired range.
@@glassnode Thanks, what about in the case of a metric like simply price, or new addresses, where I don't want price to be covered by the bar graph of addresses? Just create a formula subtracting or adding an arbitrary amount to either until both are sufficiently visible?
Do Kwon gobbling up BTC $125mill at a time to back TerraUSD about a week ago is what is mainly responsible. He's been buying on Binance and not OTC and just bought about $1bill and has about $9bill to go. He even taunted the traders to keep shorting. Looks like happy days ahead.
I’m not sure if you’re properly explaining all of these charts. For The inflation chart sometimes you were saying that green bars below 0 indicated excess demand and other times you were saying that it was the bars above 0 that indicated excess demand.
You said inflation rate of new coins is 1.8% and yet at most pouts in time supply is far above the 1.8%. Presently we are at 14%, so new coin supply plus 12% excess. And that is supposed to be interpreted as good?
I think you need to clarify the logic and interpretation here and also with the presentation more generally.
Looks interesting…fairly new to crypto…class of 2021.. still getting familiar with Crypto ‘jargon’, charts, metrics…etc
Ques: when you use the terms… accumulation and distribution..
do these ‘words/jargon’ imply Bullish and Bearish.. or can these same words have an inverse meaning based on a particular metric
..for us relative newbies, it would be most helpful to throw in the term ‘bullish or ‘bearish’..until we catch on to the ‘jargon’…something as simple as this, may well be beneficial to increase your ‘Glassnode’ platform subscription count
These terms do not directly relate to the market sentiment being bearish or bullish, it simply means (typically) long term holders buying up/selling the supply regardless of the short term movements in the market.
Typically, smart, patient money will buy supply when the market is overly bearish. On the other hand, impatient money will typically dump at whatever exit liquidity there is, thinking the market is gonna tank further.
In my years in crypto, i found best success not trying to time the market, but simply spend more time in the market. Just avoid buying the top in the macro bull cycle and you are gonna be fine long term.
Ema ribbons about to switch bull
Pretty simple, Nasdaq is going up 🙄
So.. are you saying?? WE FUCKIN?? Or nah
probably
Get your ducks on
Excellent analysis thanks 🙏
very good thank you