Glassnode, a provider of on-chain market analysis, has announced an exclusive suite of advanced on-chain metrics. According to the company, it reveals up to twenty-eight exclusive on-chain metrics that contribute to portfolio distribution and asset age. The platform highlighted this development through its official X account.
Glassnode introduces a new set of 28 advanced On-Chain metrics, adding both holding age and portfolio allocation distribution to critical metrics such as SOPR, MVRV, Realized Profit and Realized Cap.
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— glassnode (@glassnode) April 25, 2024
Glassnode’s unique On-Chain Metric Suite promises a better representation of market prospects
Additionally, to provide more details about the latest features, Glassnode has published a blog post on its website. It added that all the latest on-chain metrics are now accessible on the platform regarding Ethereum and Bitcoin. The latest venture reportedly cements Glassnode’s status as a leader in on-chain analytics.
For this purpose, it adds unparalleled depth to crucial metrics. They take into account Realized Cap, Realized Profit, MVRV and SOPR. Including the improved breakdowns according to portfolio size and holdings distribution is very useful. This allows consumers to significantly increase their knowledge of market sentiment, asset fundamentals and capital flows.
Customers have immediate access to the new statistics
To access the relevant statistics, institutional clients can switch to Glassnode Studio. There they can open Charts after logging in. This section allows customers to select Breakdowns from the metrics catalog. Users can join the Glassnode Academy for a detailed overview and implementation of the metrics into individual analyses. The platform announced that its latest metric suite answers complex questions about market dynamics.
They reportedly increase consumers’ ability to make wise decisions in accordance with the comprehensive cohort analysis. Now the platform is better positioned in providing an additionally intuitive view of asset holdings and flows. A crucial advantage of the new suite is that it specifically targets traders with volume analysis, loss and profit signals, risk assessment and early detection of the trends in the market.