Glassnode - Thoughts?

[dead_skunk]

What is the general consensus around on-chain analysis and Glassnode? Is it useful as a bottom and top indicator at the quarterly or semi-quarterly timeframe?

Been following their weekly video/newsletter and the metrics and ideas seem well thought out and backed. However, their paid tiers are quite expensive...

[jackg]

I'm not sure what you'd get for each plan but the $30/month one might not be too expensive if they provide good data and easy ways to analyse it.

I'd say though that the past might be unlikely to repeat itself if it is an indicator a lot of people are looking at (but with that being said, being the indicator everyone's looking at could give an edge for things such a support and resistance - if you can get interactive charts and data overlays).

It might also be possible to get quite a bit of data yourself (especially chain analysis) by downloading the chain and going through it if you can program.

[crwth]

If you really need comprehensive data and insights into how they do it, you should not be too much afraid of purchasing the subscription. I think you need to weigh that you can recover the investment that you will give in a month or annual fees and start from there. I think if you can maximize the potential of having those on-chain data, then just go.

Maybe try the monthly first?

[mk4]

These platforms are great if you're interested in data and metrics, but using it to time tops and bottoms? I don't think so. Yes, these platforms can give you some information on how coins move on-chain, but that's just half of the equation. The far more important metric trading-wise is market demand, which you really can't accurately gauge using on-chain metrics.

[tbct_mt2]

On-chain data does not lie you. Because whales, market makers have to make movements when they need to accumulate, pump, dump Bitcoin. So if you have on-chain data, it represents what is actually happening. It is just your responsibility to extrapolate data you have and make your own decisions.

All big movements, big trends will need a very long preparation time and with on-chain data, you will see early signal of those plans. It does mean that after you smell a good signal, it still might need months to finish for market makers. Later price will have big movements according to signal you see.