Ukuria On-Chain⚡⚡⚡
@UkuriaOC
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Eternal student.⚡BTC will change the world⚡- BSc Phys - Senior Research Associate @bitwise_europe, previously Senior Analyst for @glassnode - nfa - views my own
Joined May 2021
Looking at @dorinvesting Realised Price to Liveliness Ratio and producing the Realised Price to Liveliness Ratio Golden Multipliers. The RPLR is a powerful ratio tracking captured network value to coin destruction levels producing an almost fair pricing metric.
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‘Bitcoin OG selling’ is the talk of the town right now. Just this weekend, over 28.9k BTC aged 65-months or more moved onchain, and this included a fairly significant volume of 10k BTC aged 2yrs+. More and more people appear to be buying into the idea that the 4yr cycle has
newsletter.checkonchain.com
Sell-side pressure from investors who believe the 4yr cycle has ended hit a new local high this weekend, exceeding $3.1B/day...and yet the bears still can't convincingly take out $100k.
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Despite the largest deleveraging event in digital asset history, structural volatility appears to remain unresolved. In this report, we draw on a wide set of on-chain and technical measures to show why volatility expectations remain elevated. Report link the comments below👇
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The deepest drawdown this cycle has been -32%, compared to -50%+ in prior cycles. Shallow corrections reflect a spot-driven market, where ETFs and Long-Term Investors steadily absorb supply. Get 43 full-page market insights in The Bitcoin Checkpoint Report by @checkonchain &
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On October 10th, the digital asset market experienced the most significant deleveraging event in its history. Our latest report explores this unprecedented market unwind, examining the depth of the drawdown, the key catalysts behind it, and how market dynamics are evolving as
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The Bitcoin Checkpoint is live, bringing 43-pages packed with insights for how I think about, & see the Bitcoin market in the modern cycle context The supply distribution is changing, the volatility profile is different, & HODLers are still in control 🧵 https://t.co/prLkinj1NJ
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Lot's of people asking recently, is the bull run over or is bitcoin just maturing? My friend @_Checkmatey_ from @_checkonchain addresses this on Sep 30th at 3PM CT, along with his thesis on why bitcoin has crossed the Rubicon into being a top-tier global asset—and what that
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What this means, is Bitcoin demand has absorbed an unbelievable amount of capital, as the coins this cycle are 100x more expensive than the 2015-17 cycle. The sell-side story is also a story of demand, and it's wildly bullish LT to see this much capital changing hands.
$BTC long-term holders have already realized more profit this cycle than in all but one prior cycle (2016–17), highlighting elevated sell-side pressure. Taken alongside other signals, this suggests the market has entered a late phase of the cycle.
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Pressure continues to mount across the digital asset landscape, with broad-based sell-offs hitting major assets. Derivatives activity, in particular, continues to accelerate, leaving the market increasingly sensitive and reflexive in its structure. Discover more in the latest
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Bids for #Ethereum continue to strengthen with the asset marching toward ATHs, while #Bitcoin consolidates just below its peak. Discover more in the latest Week On-Chain below👇 https://t.co/5hnaaXb78S
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If you have been in Bitcoin for a cycle or more before today, you have experienced a once in a lifetime event. You built the conviction to hold an asset which the entire world told you was destined for nothing. Literally everyone said you were wrong, at scale. That character
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Altcoins are showing broad strength following #Bitcoin’s lead, but surging open interest across the sector suggests speculative froth may be building, raising the risk of sharper volatility ahead. Discover more in the latest Week On-Chain below👇 https://t.co/VgyjojciA6
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1/12 Been waiting 3 months to see these finding First-ever quantitative study reveals an estimated 329,000+ refugees have used Bitcoin while fleeing across borders Study highlights that Bitcoin works when cash, stablecoins and other assets fail 🧵 The study is from @dari_org
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The immense amounts of sell-side pressure Bitcoin has absorbed is the most bullish thing about this cycle. Imagine being a bear when the drawdown profile looks like this on a multi-trillion dollar asset. The only question is...how many more Trillions?
The stock market goes down, Galaxy sells 5 figures bitcoin, and BTC stays still during the US session? Perhaps this selling is getting absorbed way better than I anticipated. It’s time to stop being a bear-tard. I’m back to my sense now.
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We just saw one of the largest BTC short squeeze events by liquidation volume on record, and we thank the bears for their service and attention in this matter. We break down what happened in our latest newsletter edition (link in comments)
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#Bitcoin’s supply side continues to tighten - long-term holders and smaller entities are accumulating faster than issuance. Meanwhile, volatility compresses across all timeframes, setting the stage for a breakout. Learn more in the latest Week On-Chain: https://t.co/xrHjzBUue6
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As $BTC rebounds to $107k, most holders are back into profit. But distribution remains muted - investors are holding through. Realized profits decline, LTH supply hits ATH, and ETF inflows stay strong. Learn what to make of it in the latest Week On-Chain: https://t.co/Rc00Ql7P5x
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The largest exchange hack in crypto history - $1.4B stolen in the @Bybit_Official - Lazarus breach - served as a real-time stress test for market infrastructure. Glassnode’s latest report assesses how digital asset markets absorbed the shock. Get it here: https://t.co/lQhcMrxDDq
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Explore our latest report on #BTC’s evolving liquidity profile - a joint study with Avenir, an innovation-focused, high-frequency trading firm: https://t.co/wUXQ0oImRm This 20-page report unpacks liquidity across on-chain, exchange, and macro layers, including: 🧵👇
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@glassnode x @Gemini
#Bitcoin is entering a new era, led by sovereign treasuries, ETFs & institutional flows. Some highlights: - 30.9% of $BTC in centralized treasuries - Strategic Bitcoin Reserve impact - Volatility trending down Download report →
get.glassnode.com
An institutional-grade deep dive into how the U.S. Strategic Bitcoin Reserve and growing custodial concentration are reshaping the bitcoin market.
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