The Guide to Crypto Markets is a semi-new quarterly publication from Coinbase Institutional and Glassnode that provides an in-depth view of crypto markets, including deep dives into onchain analytics and advanced metrics for bitcoin and ether. Below is a snippet of the report.
Guide to Crypto Markets: Q4 2024
From market data to onchain insights to advanced trading metrics, the Guide to Crypto Markets is the definitive resource for institutional investors to understand how crypto markets work, what indicators to watch, and why they matter.
October 16, 2024
Market Intelligence
40 minutes
Key takeaways
- Crypto markets have largely been range bound as we head into the final quarter of 2024. The relative lack of direction can be attributed in part to the uncertainties that lie ahead, most notably the US elections.
- But the lack of strong price moves doesn’t mean that crypto is stuck in a holding pattern. In fact, we’ve seen ample signs that the market has matured dramatically this year.
- From the runaway success of spot ETFs to the spike in onchain activity to the upswing in trading volumes, it’s clear that markets have grown deeper, more liquid, more sophisticated, and more accessible.
Written by
- David Duong, CFA - Head of Research at Coinbase Institutional
- Glassnode
A Maturing Market
Crypto markets have largely been range bound as we head into the final quarter of 2024. The relative lack of direction can be attributed in part to the uncertainties that lie ahead, most notably the US elections.
But the lack of strong price moves doesn’t mean that crypto is stuck in a holding pattern. In fact, we’ve seen ample signs that the market has matured dramatically this year.
From the runaway success of spot ETFs to the spike in onchain activity to the upswing in trading volumes, it’s clear that markets have grown deeper, more liquid, more sophisticated, and more accessible.
Our spotlight themes this quarter (Surging Stablecoins and Leveling Up L2s) reflect the maturation of the market and the broadening of the crypto economy. And the insights shared by our partners help to frame the current environment and to shed light on what they consider to be the most important charts in crypto right now.
Throughout the Guide to Crypto Markets, we go beyond the headlines and dig deep into market data and onchain analytics to provide institutional investors with insights to understand the trends that are shaping markets today, and how they may impact the dynamic crypto economy going forward.
We hope you find the Guide useful as you navigate crypto markets, and we welcome your feedback and questions.
David Duong, Head of Institutional Research, Coinbase
Glassnode Analyst Team