Nvidia shares nosedive, erasing market value close to Ethereum’s entire market cap
Quick TakeNvidia shares fell by 9.5% yesterday, resulting in an approximate $253 billion loss in market value, marking the largest...
Market Data
August production update: Marathon Digital Holdings holds 25,945 BTC
Quick TakeIn August, several publicly traded Bitcoin mining companies reported monthly production, reflecting slight declines in production. Marathon Digital Holdings,...
Bitcoin\’s 2024 hodler net position change mirrors historical cycles, signals potential price stabilization
Onchain HighlightsDEFINITION:Hodler Net Position Change shows the monthly position change of long term investors (HODLers). It indicates when HODLers cash...
Bitcoin whale holdings steady at 1,600 entities, post-ETF surge stabilizes price
Onchain HighlightsDEFINITION: The number of unique entities holding at least 1,000 coins.Bitcoin\'s price has seen fluctuations alongside the number of...
Bitcoin’s entity-adjusted NUPL signals heightened market uncertainty below $60k
Onchain HighlightsDEFINITION: Entity-adjusted NUPL is an improved variant of Net Unrealized Profit/Loss (NUPL) that discards transactions between addresses of the...
Ethereum 2.0 deposit contract continue to rise amid centralization concerns
Quick TakeThe Ethereum 2.0 deposit contract has reached a significant milestone, with its balance surpassing 50 million ETH in USD...
Bitcoin\’s Sharpe ratio surpasses Ethereum\’s for first time since July 2022
Quick TakeThe Sharpe ratio is a key financial metric used to evaluate an investment\'s risk-adjusted return. It helps investors understand...
Bitcoin and Ethereum see consistent declines ahead of September\’s historical woes
Quick TakeSeptember has historically been a challenging month for Bitcoin (BTC) and Ethereum (ETH), according to data from Coinglass.Since 2013,...
Ethereum address profitability declines as bearish trend continues
Onchain HighlightsDEFINITION:The percentage of unique addresses whose funds have an average buy price that is lower than the current price....
Bitcoin loans gain prominence in digital assets sector\’s bankruptcy proceedings
Quick TakeThere is a growing trend that highlights the growing significance of Bitcoin in bankruptcy and financial restructuring within the...