The Week On-chain: Characterizing Bitcoin Capitulation Events - Week 48 (Bitcoin onchain Analysis)

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As the dust settles after the FTX debacle, a key question is whether the sell-off can be better characterized as a simple continuation of the bearish trend, or instead a trigger of a deeper psychological shift amongst investors.

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Topics for Discussion:
- Observations of market behaviour after major sell-off events.
- Assessing the scale of the recent FTX capitulation event.
- Measuring the damage done using Realized Loss metrics.
- Metrics which describe statistically significant deviations.

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Timestamps
0:00 Introduction
2:49 Price Action
3:28 Accumulation Trend Score
7:05 Accumulation Trend Score by Cohort
8:52 Shrimp Net Position Change
10:30 Realized Loss 7-day Sum
13:35 Short-Term Holder Cycle
16:45 Capitulation Market Structure
20:39 Relative Unrealized Loss
23:32 Adjusted MVRV
26:22 aSOPR Statistical Deviation Bands
29:44 Summary and Conclusions

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.