With the market trading near the price lows of the 2021-22 cycle, a great majority of investors are now holding unrealized losses. Furthermore, miners appear to experiencing some income stress, with revenues falling, whilst production costs climb.
Topics for Discussion:
- Mapping out potential and bottom formation models.
- Assessing profitability between Long, and Short-Term coins.
- Analysis of the stress in miner incomes.
- Observations of mining industry production cost increases.
Puell Multiple:
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Timestamps
0:00 Introduction
1:53 Bitcoin Floor Models Mayer Multiple and Realized Price
5:05 Realized Losses
6:58 Net Unrealized Profit/Loss (NUPL)
9:05 Long and Short Term Holders in Profit
11:15 Long and Short Term Holders in Loss
13:45 Miner Assessment Overview
14:55 Miner Net Position Change and Balance
15:55 Puell Multiple
17:33 Difficulty vs Miner Revenue
19:30 Summary and Conclusions
About:
The Glassnode video report provides a weekly analysis update of the trends, performance, and onchain metrics 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.