The Week On-chain: Is the Bitcoin Bear Market Over? - Week 16, 2023 Bitcoin Onchain Analysis)

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Bitcoin has posted the strongest price performance since the all-time-high, with several on-chain indicators signalling strength in support. In this edition, we assess whether the Bitcoin Bear may be behind us, and if a robust recovery is underway.

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Topics for Discussion:
- Overview of the strong market performance in Q1 2023.
- Analysis of the Long/Short-Term Holder Threshold.
- Supply concentrations below, around, and above the spot price.
- Signals regarding market strength, and recovery from a bear.

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Timestamps
0:00 Introduction
2:37 Performance and Correlation to Gold
5:15 Long/Short-Term Holder Threshold
9:05 Long/Short-Term Holder URPD
11:20 Long-Term Holder Supply
13:45 Percent Supply in Profit
14:42 NUPL
16:05 Realized Cap HODL Waves
17:17 RHODL Ratio
18:00 On-chain Activity
18:55 Recovering From a Bitcoin Bear Signals
22:27 Summary and Conclusions

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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.