Coinbase x Glassnode

Q3 Guide to Crypto Markets

Get a comprehensive view of the key metrics and trends that will define the crypto landscape in Q3 2024 for institutional investors.

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The guide includes:

Market Overview

Including total crypto market cap, dominance, and correlations to traditional assets.

Gauging the Cycle

What the data suggests about where we are in the current market cycle after severe Q2 drawdowns.

Spot ETFs

All you need to know about how Spot ETF flows, volume and demand are developing.

Bitcoin and Ethereum

A wealth of sophisticated insights on the two major assets derived from on-chain data.

On-chain Activity
A look at network activity, as measured by metrics such as unique users and daily active addresses.
Portfolio diversification

See the impact of adding small allocations of crypto to a 60/40 portfolio over the last 5 years.

Understanding the current cycle & the ETF impact

The 64-page Guide includes many highlights and key takeaways. Here are some of them:

On-chain activity is increasing rapidly

The transition to on-chain is propelled by diverse use cases, including lending, staking, and trading. Adoption is anticipated to increase as current use cases evolve and new, innovative ones continue to emerge.

ETFs have uncovered latent demand

ETFs have improved market liquidity and expanded investment opportunities, positively impacting the broader crypto ecosystem and supporting the growth of crypto as an asset class.

BTC Price Performance Since Cycle Low Chart by Glassnode

Current cycle drawdowns mirror previous trends

Despite the markets retreating during the second quarter, the data suggests we are likely in the middle of the current bull cycle, aligning with historical patterns.

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