Bitcoin Hash Ribbon: Miner Capitulation & Recovery

Bitcoin: Hash Ribbon

In this short article we will be discussing the Bitcoin Hash Ribbon. This metric is specifically good at identifying great buying opportunities after large drawdowns in the Bitcoin price. It tracks miner capitulation as mining becomes unprofitable overall. Hash Ribbon uses a 30 day and 60 day moving average for the Bitcoin hash rate. When … Read more

Using Open Interest & Funding Rates To Swing Trade Crypto

Bitcoin: Futures Open Interest (Current)

In our Cryptostreet Bootcamp we discuss open interest and funding rates in detail and how to use them to swing trade the crypto market. Future Open Interest Bitcoin open interest is the total number of outstanding Bitcoin derivative contracts, such as options or futures that have not been settled. When it comes to futures, we … Read more

Breakdown: Market Value to Realized Value Ratio (MVRV)

Bitcoin: MVRV Z-Score

If you’re a frequent reader of this blog then you’re already familiar with Realized Cap. If you’re new then I suggest reading our article on Realized Cap. I will give a brief description in order to better explain MVRV. When calculating the value of a market like Bitcoin, most investors will use Market Cap which … Read more

The Best Metric For Finding Over Extended Bitcoin Markets

Realized HODL Ratio

Recently, we have written about short-term holders vs long-term holders. Also, we discussed Realized Cap. Both of these variables play into todays metric called Realized HODL Ratio. Through our research writing this blog we have found that price appreciation in Bitcoin bull markets coincides with short-term holders entering the market and taking majority share of … Read more

Find Crypto Market Tops With HODL Waves

Bitcoin: Realized Cap HODL Waves

In this article, I will focus on two charts. As this market cycle gets more volatile, finding a market top or close too is becoming extremely important. Every Bitcoin bull cycle consists of local tops and a global top. Local tops are short-term tops before a larger pullback, followed by another price uptrend. During previous … Read more

The Best On-Chain Metric For Short-Term Bitcoin Trading

aSOPR by Glassnode

SOPR stands for Spent Output Profit Ratio. What does it mean? Simply put, it measures the profit or loss of each transaction (price sold/price paid). When SOPR is greater than 1 it means that transaction was in profit, and vice versa. For example, person A buys Bitcoin at $10,000 and sells at $20,000, giving that transaction a … Read more

Best Indicator For Recognizing Crypto Pumps

Bitcoin: Balance on Exchanges

Todays metric I learned from one of the OG’s of crypto, Willy Woo. It’s another great indicator of where we currently are in the market cycle. In previous articles we spoke about inflows and outflows of Bitcoin onto exchanges. When a holder moves Bitcoin onto an exchange or moves it off an exchange into cold storage … Read more

Bitcoin Is Experiencing A Classic Growth Curve

Bitcoin: Number of Addresses with a Non-Zero Balance

In order to hold Bitcoin a user needs to have a Bitcoin address. This address can be on an exchange, hardware wallet, software wallet, or paper wallet. Any user could have multiple wallets and therefore multiple Bitcoin addresses. There are a few ways to track Bitcoin address metrics to see growth on the network. Today, … Read more

Bitcoin: Net Unrealized Profit/Loss

Bitcoin: Net Unrealized Profit/Loss (NUPL) by Glassnode

A big discussion on Crypto Twitter lately has be whether this is the market top or not. A good metric to help examine crypto market cycles is Net Unrealized Profit/Loss (NUPL). Glassnode defines NUPL as, “Net Unrealized Profit/Loss is the difference between Relative Unrealized Profit and Relative Unrealized Loss. This metric can also be calculated … Read more

Bitcoin All Time Highs & Drawdowns

bitcoin price drawdowns

Investing in Bitcoin can have its stressful moments. The ruthless volatility Bitcoin takes on, especially during big resistance and support breaks, can be gut wrenching. However, it’s because of this volatility that Bitcoin has reached a $1 trillion market cap and $55,000 per Bitcoin. The thing to consider about Bitcoin is that it has always … Read more