IntoTheBlock

IntoTheBlock Updated 

The MVRV is a metric that compares the current market value of an asset to its realized value, offering insight into potential overvaluation or undervaluation. This is a great indicator because it helps identify points of extreme market sentiment—whether assets are trading above or below what most investors paid for them. When MVRV is high, assets are generally...

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This chart tracks the total Bitcoin balance held by short-term holders, a key barometer for speculative interest. Recently, these balances have declined to their lowest levels since October 2024 and remain on a downward trajectory. This drop mirrors the broader pullback in Bitcoin’s price, and this combination historically signaled cooldown phases in the market,...

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Viewing market cycles through the lens of long-term holder behavior can provide valuable insights. This chart tracks the collective balance of long-term holders, highlighting periods of accumulation (green) and distribution (red) across different market phases. Distribution phases align with bull markets, and we are currently in one. The duration of these phases...

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One of the key drivers behind CRYPTOCAP:BTC ’s rapid climb toward $100k is the growing narrative around its use as a hedge against macro risks and a reliable store of value. With governments beginning to explore strategic Bitcoin reserves, the risk of not holding the asset is becoming increasingly apparent. A common counterpoint to this narrative is Bitcoin’s...

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This chart shows the relationship between Bitcoin's price (in gray) and the number of new BTC addresses (in purple). Historically, the number of new addresses tends to increase ahead of major price peaks, which often serves as a leading indicator of the market’s upward momentum. Conversely, as price tops are reached, the number of new addresses typically begins to...

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Long-term Bitcoin holders currently control approximately 12.6 million CRYPTOCAP:BTC , and historical patterns make this group a key indicator of Bitcoin's market cycle phases. As Bitcoin approached its new all-time high earlier this year, there was a sharp decline in the holdings of long-term holders. However, this decline has recently stabilized, suggesting a...

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Wallets holding at least 0.1% of the total supply have shown a consistently positive net flow over the past month, with a notable surge as Ethereum bounced back from its recent lows below $3k. This trend suggests accumulation in anticipation of the upcoming Ethereum ETF release, which is expected to occur around July 23rd. Our outlook for the coming week is...

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The behavior of long-term holders is a key indicator for understanding where we are in the market cycle. Here’s why : As prices rise, long-term holders start selling the assets they’ve accumulated over time. Historical data shows that this profit-taking usually begins in the early stages of a bull market and continues past the cycle peak. Monitoring this activity...

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During every cycle, long-term holders start selling their CRYPTOCAP:BTC as it moves to new highs. This data provides key insights into the bull market. The selling of these holdings is shown through the collective balance of long-term holders, as indicated by the gray arrows. Typically, the balance reaches its lowest point shortly after the market peak. In...

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The most recent halving took place on April 19th of this year. The event was highly anticipated, and excitement about it led to Bitcoin reaching a new all-time high ahead of the halving. While the excitement has died down somewhat, we'd like to draw your attention to the fact that the halving is a matter of fundamentals (not hype), and we can measure the impact...

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Bitcoin hit a new all-time high in daily transactions! Following the launch of Runes, a new token protocol that allows the launching of tokens/NFTs on Bitcoin, the number of Bitcoin transactions has increased rapidly. This spike in activity led to a new all-time high in daily transactions on Bitcoin of 927,000. This breaks the previous high of 724k set in...

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The large holder netflow indicators helps you to keep an eye on when the largest Bitcoin wallets (those holding >0.1% of the supply) accumulate or sell $BTC. Not only can these wallets seriously impact the markets, they often pick the best moments to accumulate or sell, meaning we can learn a lot from their behavior. Bitcoin has retraced quite significantly...

IntoTheBlock Updated 

The activity of large Bitcoin holders (those owning more than 0.1% of the total supply) is a telling indicator for market movements. A positive net flow means they're buying (accumulation), and a negative net flow indicates selling (distribution). Understanding these dynamics can give us a leg up in predicting market trends. On March 23rd, an intriguing...

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Bitcoin experienced a significant drop this week, with prices dropping as low as $63k at the time of writing. This idea brings some perspective to the situation. The chart contains the percentage of CRYPTOCAP:BTC holders in profit over time. The red boxes highlight prolonged periods where a vast majority of Bitcoin holders are in profit. These periods are...

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The Bitcoin halving is set to happen in April 2024. Here's what to expect👇 First, let's reflect on the Previous Halving: ➖ In 2020, after the last halving, the block reward dropped to 6.25 BTC ➖ Bitcoin's hash rate dropped by 30% within two weeks. ➖ Bitcoin's miner difficulty was also automatically reduced shortly after that, leading to new all-time highs in...

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IntoTheBlock tracks addresses by how long it has held an asset. In this case, we're looking at ETH "traders", addresses that have held CRYPTOCAP:ETH for less than 1 month. You can see this number increasing during bull markets, as new users join the network and become active, and decreasing in bear markets, as only long-term holders remain in the market. The...

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On-chain transaction volume is a valuable indicator for understanding the bullish or bearish momentum of CRYPTOCAP:BTC and can help spot reversals and break-outs. In the red box (2020), we see a pattern of transaction volume reaching high levels as the CRYPTOCAP:BTC price broke out above previous highs. Currently, CRYPTOCAP:BTC is experiencing a similar...

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This indicator measures the ratio of Bitcoin's market capitalization to the average purchasing cost of each address holding the asset. In short; it provides insight into the profitability of the average investor. A higher ratio suggests that the current market value of the asset significantly exceeds the average purchase cost, indicating that most holders are in...