2021-4-21 00:02 |
Glassnode’s Rafael Schultze-Kraft joined "The Bitcoin Magazine Podcast" to discuss the insight offered by on-chain Bitcoin analytics.
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AppleSpotifyGoogleLibsynOvercastThis week for “The Bitcoin Magazine Podcast,” host Christian Keroles and guest host William Clemente sat down with Rafael Schultze-Kraft, the CTO of Glassnode. Glassnode is an on-chain analytics company and it thrives by making it accessible and easy for Bitcoin enthusiasts, investors and analysts alike to get their hands on cutting-edge metrics and indicators for bitcoin and other major cryptocurrencies.
On-chain analytics is the practice of using blockchain node data to learn about the economic actors using a cryptocurrency. This interview was a high-level overview of Glassnode’s business, its target audience and a deep dive on some of the most interesting on-chain metrics that Schultze-Kraft uses every single day. The participants dove into what makes the 2021 bull market look different than the 2017 bull market and what is making Schultze-Kraft extremely bullish on bitcoin in the short- and long term.
The metrics mentioned in this podcast include:
Miner Net Position: The thirty-day change of the supply held in miner addressesDormancy: The average number of days destroyed per coin transacted, defined as the ratio of coin days destroyed and total transfer volumeCoin Days Destroyed: Calculated by taking the number of coins in a transaction and multiplying it by the number of days it has been since those coins were last spentLifespan: The ratio of the sum of Coin Days Destroyed and the sum of all coin days ever created SOPR: Computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent outputHODL Waves: Each colored band shows the percentage of bitcoin in existence that was last moved within the time period denoted in the legendEntity Net Growth: The net growth of unique entities in the networkNUPL: Net unrealized profit/lossSimilar to Notcoin - Blum - Airdrops In 2024