The Guide to Crypto Markets is a new quarterly publication from Coinbase Institutional and Glassnode that provides an in-depth look at the crypto markets, including on-chain analysis and details on advanced metrics for Bitcoin and Ether. Below is an excerpt from the report.
A healthy and growing ecosystem
After a blockbuster first quarter that saw Bitcoin prices hit new all-time highs on the back of record ETF inflows, the crypto market spent much of the second quarter in vacation mode. We believe price corrections are healthy and a natural part of the current market cycle.
Looking beyond simple price fluctuations reveals a very healthy cryptocurrency picture. Spot and derivatives trading volumes remain strong, new investors are entering the market, and we are seeing progress on the regulatory front. Meanwhile, on-chain activity continues to accelerate as countless users, from innovative startups to Fortune 500 companies, find compelling use cases for blockchain technology.
Cryptocurrency Market Guide goes beyond the headlines and delves deep into market data and on-chain analysis to uncover the trends shaping the market today and how they are likely to impact the dynamic crypto economy of tomorrow. Provides institutional investors with insight to understand what is happening.
For the first time this quarter, we are pleased to begin our report with submissions from participants who make up the current environment. Each chart focuses on an indicator that is important to follow in the current market environment. In short, these are the “most important” charts in cryptocurrencies at the moment. We would like to thank our partners for sharing their current thinking.
The third edition of this guide will also focus on the three topics that will be of most interest to many investors as the second half of the year begins.
- Assess where you are in the market cycle
- Understand how ETFs have changed the landscape of crypto trading and investing
- Investigate the status of on-chain adoption and activity
Following these sections, we will discuss in detail the most important indicators for Bitcoin, Ether, stablecoins, etc.
We hope you find this guide helpful in navigating the cryptocurrency market and welcome your feedback and questions.
David Duong, Head of Institutional Research, Coinbase
James Check, Principal Analyst, Glassnode
