Glassnode Insights - On-Chain Market Intelligence

Bitcoin is sending a clear cautionary signal across every major market layer this week.

On-chain, the network is quietly busy. Transfer volume surged 31% to $4.6B and fee revenue climbed 17%, but the capital doing that work is rotating, not accumulating. The monthly realized cap change has collapsed 57% to near-zero, meaning fresh money has almost stopped ente...

Aggregate market analysis has become a challenge since the digital asset space has fragmented into thousands of assets, sectors, and rapidly changing market-cap cohorts. As assets appreciate, decline, launch, or disappear, aggregate metric series develop structural discontinuities that make long-term analysis difficult.

Previously, we showcased