On May 11th and 12th, the #Ethereum network experienced two occasions where over 60% of the validators stopped performing their duties, causing a loss in Finality. Finality refers to the state where a supermajority of validators (2/3 of the total stake) have attested to the

REVISITING 5 ON-CHAIN PRICING MODELS The combination of technical and on-chain pricing models is a robust toolbox that leverages human behavioural analysis principles to weather the #Bitcoin market. 📈 bit.ly/3o0N9Tf 🧵

When anchoring from the November market ATH, the #Bitcoin spot price is finding support at the -61.8% golden ratio Fibonacci Retracement, currently residing at $26.2K.

Over the last 90-days, Crude Oil (WTI) declined -4.0%, whilst Gold (XAU) and Silver (XAG) have rallied 7.5% and 12.7%, respectively. #Bitcoin however, continues to outperform, remaining 14.5% above the February close. #Bitcoin performance is weaker than the peak first quarter

#Bitcoin is quiet, volumes are down, and it is pretty clear we are in the hangover apathy phase. But look under the surface. What are the highest conviction holders doing? What are the fundamental supply dynamics? Latest analysis hot off the press. insights.glassnode.com/the-week-oncha…

The #Bitcoin Illiquid Supply Change remains extremely elevated near cycle highs as HODLing remains prominent. Currently, coins are flowing into illiquid wallets with little to no history of spending at a rate of +194.5K BTC per month. 📊glassno.de/3CShIhI

9/ So what are those text inscriptions? They denote JSON data Ordinal inscriptions related to the new #BRC20 "token standard" that are used to deploy contracts and mint/transfer tokens. An exemplary inscription looks like this:

10/ Those BRC20 inscriptions have an influence on the #Bitcoin  fee market as well. Yesterday, a total of $3.5m were paid in transaction fees to miners. This is the highest value in two years (#BTC  price back then: $38k). Chart: glassno.de/4179v39

11/ Up to a third of all #Bitcoin  fees paid to miners in the recent days can be attributed to BRC20 transactions. Inscriptions dashboard: studio.glassnode.com/dashboards/btc… FIN.

62.9% of all #Bitcoin  transactions are now using Taproot 🤯 Chart: studio.glassnode.com/metrics?a=BTC&…

Compelling negative correlation between #Bitcoin  active addresses and transaction count. It's currently sitting at its lowest value in history. A flurry of transactions, yet addresses lag behind. 📊glassno.de/3LB8YRa

As we've been receiving numerous questions from our users: we cannot confirm notable #BTC  outflows from Binance. According to our data, their balance remains in a robust state, very close to all-time highs. 📊 glassno.de/3VU21Q0

Happy #bitcoin  miners. $17.7 million USD earned through transactions fees – in a single day. 📊glassno.de/3prBsWc

1 Million Wholecoiner Addresses #Bitcoin

Activity of US government bitcoins, 1501 #BTC  just moved. Observing closely.. 📊glassno.de/42QJ6aB

Investing in #Bitcoin  markets? Subscribing to our free newsletter is a can't-miss resource. Edge and insights you cannot find anywhere else. insights.glassnode.com

📊Live chart in glassnode Studio: glassno.de/42BrRuv

Every satoshi is in profit. Congrats, HODLers. #Bitcoin  studio.glassnode.com/metrics?a=BTC&…

#Bitcoin  accumulation score by cohort. Those blue tones we're starting to see again in recent weeks? Yes, increased accumulation across cohorts. Very bullish if we see this trend continue.