Glassnode

Glassnode is a blockchain analytics platform focused on on-chain macro indicators.

Unlike Nansen (wallet-level tracking) or DexScreener (DEX trading data), Glassnode analyzes network-level metrics.

It is especially known for Bitcoin analytics such as:

• Long-term vs short-term holders

• Exchange inflows/outflows

• Realized price

• MVRV ratio

• Supply in profit/loss

• Miner metrics

• HODL waves

• Dormancy indicators

It is often used to identify:

• Market tops

• Market bottoms

• Accumulation phases

• Distribution phases

It supports Bitcoin and several major blockchains, but BTC remains its strongest dataset.

Glassnode collects raw blockchain data and transforms it into structured metrics.

Examples:

• Realized Cap → measures average cost basis of all coins

• MVRV → compares market cap vs realized cap

• Exchange balance → tracks BTC held on exchanges

• LTH/STH supply → distinguishes investor cohorts

Users can:

• View interactive charts

• Compare metrics across timeframes

• Download data

• Use API for quantitative models

• Analyze macro trends

Advanced metrics require paid subscription.

Use Glassnode when you:

• Analyze Bitcoin market cycles

• Study on-chain accumulation

• Research long-term holder behavior

• Build macro crypto thesis

• Combine technical + on-chain analysis

Not ideal if you:

• Trade low-cap tokens

• Need DEX pair tracking

• Want smart money wallet labels