On-chain 101: Identifying Bullish or Bearish market conditions (with on-chain activity)

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This guide shows how we can identify changes in Bitcoin market structure by observing the utilisation, and activity across the network. Thus, we can help define bullish or bearish conditions based on the performance of various onchain activity metrics.

Topics for Discussion:
- Using onchain activity to identify bulls and bears.
- Mapping the steady growth of adoption over time.
- Identifying which cohorts are driving the market.
- Looking for signals of market Tops and Bottoms.

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Timestamps
0:00 Introduction
1:53 Number of Active Addresses
2:40 Active Addresses in Bear Market
3:38 Mini-bull/bear in 2019
5:10 Transaction Counts
7:05 Entities Net Growth
9:20 Transaction Volume (Median)

About:
This Glassnode video report provides an overview of the metrics, trends, and network performance for Bitcoin and the crypto market.

Disclaimer:
This report does not provide any investment advice. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.