#Miners play an essential role in the #Bitcoin ecosystem.

Understanding their behaviour gives investors powerful insight into a driving force of the market.

Are they hodling or selling their rewards?

BTC flow from miners to exchanges is now live.

Live chart | #ProductRelease

When are miners moving large amounts of bitcoin?

Introducing the Miner Outflow Multiple:

It shows periods when the volume of BTC flowing out of miner wallets is high compared to its historical average.

It is defined as the ratio of miner outflow (in USD) and its 365 day MA.

Live chart | #ProductRelease

How much BTC is flowing in and out of miner wallets?

What is the number of incoming/outgoing Bitcoin transactions to/from miner addresses?

New miner metrics available on Glassnode Studio:

- Miner outflows and inflows
- Miner netflows
- Miner outgoing and incoming transactions

Live charts | #ProductRelease

How many #Bitcoin and #Ethereum addresses are in profit?

Using realized price we compute the average "buy" price of an address' funds, and determine whether it is in a state of profit or loss.

BTC: 78.9% in profit
ETH: 51.9% in profit

Live charts | #ProductRelease