How to Understand the Bitcoin Market With Rafael Schultze-Kraft

<p><span style="font-weight: 400;">This week for the Bitcoin Magazine Podcast host Christian Keroles and guest host William Clemente sit down with Rafael Schultze-Kraft the CTO of Glassnode. Glassnode is an onchain analytics company and they thrive by making it accessible and easy for Bitcoin enthusiasts, investors, and analysts alike can get their hands on cutting edge metrics and indicators for Bitcoin and other major cryptocurrencies. </span></p> <p><span style="font-weight: 400;">Onchain analytics is the practice of using Blockchain node data to learn about the economic actors using a cryptocurrency. This interview is a high level overview of Glassnodes business, their target audience, and a deep dive on some of the most interesting onchain metrics that Rafeal uses every single day. We dive intro what makes the 2021 bull market look different that the 2017 bull market and what is making Rafeal extremely bullish on Bitcoin in the short and long term. </span></p> <p><span style="font-weight: 400;">Below we outlined all of the metrics mentioned on the podcast. </span></p> <p><strong>Miner net position</strong><span style= "font-weight: 400;">:</span> <span style="font-weight: 400;">The 30d change of the supply held in miner addresses https://studio.glassnode.com/metrics?a=BTC&category=&m=distribution.BalanceMinersChange&modal=loginForm</span></p> <p><strong>Dormancy</strong><span style= "font-weight: 400;">:</span> <span style="font-weight: 400;">the average number of days destroyed per coin transacted, and is defined as the ratio of coin days destroyed and total transfer volume https://studio.glassnode.com/metrics?a=BTC&category=&m=indicators.AverageDormancy&modal=loginForm</span></p> <p><strong>Coin Days Destroyed</strong><span style= "font-weight: 400;">:</span> <span style= "font-weight: 400;">calculated by taking the number of coins in a transaction and multiplying it by the number of days it has been since those coins were last spenthttps://studio.glassnode.com/metrics?a=BTC&category=&m=indicators.Cdd&moda