Using Glassnode metrics after the institutional dashboard launch

Core On-Chain Indicators

Glassnode provides over 200 indicators for Bitcoin and Ethereum. Use the MVRV Ratio to track when prices deviate from the average cost basis. Currently, Bitcoin trades between the +0.5s ($100.2k) and +1s ($119.4k) MVRV bands. The Short-Term Holder cost-basis sits at $95.9k. The SOPR metric shows investors capturing a +16% profit on average. The Relative Unrealized Profit metric breaks above its +2s band. The Volatility-Adjusted Net Realized Profit/Loss metric shows profit-taking increased, as only 14.4% of days recorded higher values. The current price of Bitcoin sits at $111,000, which is the third fresh ATH of this cycle. This level remains above the 111DMA of $91.8k and the 200DMA of $94.3k. Exchange related interactions have risen, with around 33% of total Bitcoin on-chain volume now passing through centralized trading venues. Open interest for futures contracts grew from $36.8B to $55.6B, a 51% increase over 49 days. Options open interest grew from $20.4B to $46.2B. ETF inflows have exceeded $300M per day for the past week. These data points help you detect if market participants enter a euphoric phase.

Multi-Asset Explorer and Heatmaps

The Multi-Asset Explorer visualizes metrics for over 1,000 assets. This dashboard uses a heatmap to display metrics across hundreds of assets. The context panel displays Bitcoin price in black, its specific metric in orange, and the aggregate median in blue, so market participants can see if Bitcoin behaves in line with the broader market or diverges from it. The Sector View aggregates metrics across categories like Layer-1s, DeFi, and memes. This tool shows where liquidity flows. The Funding Rate heatmap displays perpetual futures rates for the top 500 assets. Red bands indicate speculative excess, while blue zones show funding compression. Relative Supply in Profit heatmaps map the share of supply held at a gain across the top 500 assets. High readings signal unrealized profits, while low readings indicate capitulation. Long-term investors have added 3,429 BTC since late July, providing a base for potential rebounds. This follows a period where the group was selling or staying on the sidelines. The heatmap for new wallets shows the arrival of new participants. Historically, these surges occur in late stages of market cycles. The churn curve shows wallets that drop out of activity. Sharp increases in churn follow peaks in new participation. Can the heatmap identify the next sector rotation?

Advanced Trading Tools and API Access

Alpha Lab helps investors turn on-chain data into trading heuristics. The tool includes three modes: "Easy", "Advanced", and "Agents". Professional plans include a one-month trial with full beta access. The Spot and Perpetual Orderbook Heatmap (Beta) show resting liquidity. These metrics use price buckets to show where substantial size concentrates. The API provides data for algorithmic setups. The API serves the most recent 30 days of history, while Data Sharing provides the complete history extending back to January 2020. The API includes endpoints for metadata, such as the /v1/metadata/metric endpoint, which returns a parameters_defaults field. For traders using derivatives, the platform provides expanded coverage for open interest, margin breakdown, volume, and volume delta. This includes support for Bitcoin and Ethereum futures. The Alpha Lab helps investors turn on-chain and market data into transparent, testable trading heuristics without building a research pipeline from scratch. It provides ranked trading rules with return, Sharpe ratio, drawdown, and out-of-sample results. The API allows traders to retrieve performance statistics for a metric via the Metric Stats Endpoint. This endpoint exposes data lag as aggregated percentiles over the past 30 days. The API also includes support for the US Tech 100 Index and new Morgan Stanley ETFs. Traders can find available metric tags and asset categories through the new metadata list endpoints. The platform also provides more metrics for professional plan subscribers, such as aggregated stablecoin and altcoin market cap.