The Week On-chain: An Investor Turning Point - Week 8, 2023, (Bitcoin Onchain Analysis)

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Despite continued regulatory pressure on digital assets exerted by the US, Bitcoin prices still rallied above $25k, and Inscriptions breached 100k total. Meanwhile, investor behaviour on-chain appears to be reaching a turning point, hinting at a new cycle.

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Topics for Discussion:
- Cooling down of Inscriptions, as the total crosses 150k
- Historically light coin volume transferred by all cohorts.
- All time high in HODLed supply 1yr old.
- New suite of Professional Tools for Realized Profit/Loss.

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Timestamps
0:00 Introduction
2:52 Price Action and Workbench Tip
4:28 UTXO Set Growth
6:20 Taproot Adoption
8:03 Inscriptions Block Size Analysis
11:42 Young Spent Volume
13:10 Young Supply
14:42 Old Supply
15:39 Old Spent Volume
17:26 Old and Young Supply Cost Basis
18:30 aSOPR
21:34 New Professional Metric Suite Released
26:28 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.