Data Monke
@datamonke
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The Ordinals thesis is simple: If I'm buying a high-end digital collectible, why would I do so on anything less than the most Lindy chain?
All considerations are secondary to permanence apart from recognition of validity.
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Literally nobody is talking about art on btc right now. All runes and PFPs. hmm
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Lots of speculation about Merlin unlock. Here are some facts about the staked assets.
@nodemonkes
:
- 502/1101 were acquired at or below mint price .03btc
- Median acquisition cost = .064btc
- Avg acquisition cost = 0.11btc
- At 0.33btc ~95.5% of stakers are in profit
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Offer Accepted and Collection Offer Accepted % of total volume are finally moving back toward pre-capitulation levels alongside realized losses as price begins to consolidate. Seems bullish.
Data from:
•
@nodemonkes
• Bitcoin Puppets (
@lepuppeteerfou
)
•
@QuantumCatsXYZ
•
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Aight last post on
@dmtnatcats
for a min since I've been spamming. Here's my take:
- At 0.03btc you can buy one lower than 71.7% of holding secondary buyers
- Listed supply has slowly decreased March 9 (1097) to April 12 (~900)
- The tech is novel and natcats are the leader of
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I’ve repeatedly discussed why I think
@dmtnatcats
are undervalued (see quote tweet) - if you’re trying to pick one up, here’s a threaded buyer’s guide based on the most sought-after traits as measured by the median % premium to floor price across all sales.
Note: Any missing
Still believe everything in my last post about
@dmtnatcats
, except now you can buy lower than 81% of currently held Natcats purchased on secondary.
- DMT meta leader
- Low price for those priced out of other blue chip ordinal collections
- Listed supply trended up since Merlin
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Since Pizza Ninjas (
@ninjalerts
) is one of the few Ordinal projects holding up well rn thought I'd thread a buyer's guide.
Desirability based on median % purchase premium to floor for sales on
@MagicEden
. Missing traits considered common likely have no premium. Missing traits
One of the few collections holding up well during this low attention period in Ordinals is Pizza Ninjas (
@ninjalerts
).
The last ~1.5 weeks of data I'm working with is shot due to
@MagicEden
API issues (which is why FP goes flat), but at 0.129btc, Pizza Ninjas is quietly near
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Buyer's guide for bitcoin puppets
@lepuppeteerfou
. Most desirable traits measured by historical % purchase premium over floor threaded - if a trait isn't listed then it doesn't command any premium. You guys are terrible at going to zero btw, pls get it together.
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This chart shows the distribution of inscriptions in top ordinal collections by how long they've been hodl'd. Imo good distributions are top-heavy because that means most inscriptions have been held for the long haul. Floraforms and Cents are both extremely top-heavy. Enjoy
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okay wtf took
@nodemonkes
from 0.52btc to 0.83btc yesterday on hardly any volume? Compare yesterday to the last time we had a similar move: March 2-3.
Nearly 1300btc of volume between March 2nd (486btc) and 3rd (794btc). Yesterday there was 170btc vol; in both cases, there was a
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Are
@OnChainMonkey
holders diamond handing the fuck out of their inscriptions or have most just not migrated to Bitcoin yet? Hardly any of the collection has changed hands. Assuming some of both.
Regardless, the current floor price is still below the avg acquisition cost on
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Still believe everything in my last post about
@dmtnatcats
, except now you can buy lower than 81% of currently held Natcats purchased on secondary.
- DMT meta leader
- Low price for those priced out of other blue chip ordinal collections
- Listed supply trended up since Merlin
Aight last post on
@dmtnatcats
for a min since I've been spamming. Here's my take:
- At 0.03btc you can buy one lower than 71.7% of holding secondary buyers
- Listed supply has slowly decreased March 9 (1097) to April 12 (~900)
- The tech is novel and natcats are the leader of
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After a month
@nodemonkes
listings are finally back down to the same levels they were at when price was ~0.16btc. Floor is reasonably thin between 0.14 and 0.15.
My hope is if they break 0.14, then the floor would move quickly and listings would reshuffle higher toward the next
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bitcoin puppets
@lepuppeteerfou
hit avg acquisition cost (0.127btc) way faster than I anticipated. Next level would be median acquisition cost at 0.07btc.
Update for bitcoin puppets
@lepuppeteerfou
: Right now you can buy lower than 33.9% of currently held puppets purchased on secondary. Puppet chart is structurally different than
@nodemonkes
(quote tweeted for comp). Not as clear of a prolonged consolidation along median
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What % of addresses holding one ordinal collection also hold at least one of another collection? Some interesting findings.
First - here's how to interpret the chart below. Read the chart left to right. Ex: 29% of addresses with at least one Golden Ratio also have one or more
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Been a while since I posted an update on
@nodemonkes
.
Rapidly approaching what I'd consider the deep value zone if you believe in the collection long-term; median secondary acquisition cost (0.26btc). You can buy a NM lower than 45% of currently held NMs purchased on secondary.
Update on
@nodemonkes
:
Obviously didn't bounce from 0.42btc as I hoped in my last update - now at 0.37btc. Thinking more about Merlin unlock + runes now.
1140/10k
@nodemonkes
are listed. Subtract the founder monkes (1000) and monkes locked in Merlin (~1100). Collectors have
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2 days ago 130 sales would've taken
@nodemonkes
to 0.165btc. Today it would take them to 0.2btc. I'm sure I'd find the same thing across other high-volume collections (puppets). Floors shifting.
After a month
@nodemonkes
listings are finally back down to the same levels they were at when price was ~0.16btc. Floor is reasonably thin between 0.14 and 0.15.
My hope is if they break 0.14, then the floor would move quickly and listings would reshuffle higher toward the next
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Update: Officially hit the
@nodemonkes
deep value zone. If you believe in the collection long-term, you can buy one lower than 55% of currently held NMs purchased on secondary. Last time we hit this zone during consolidation presented the best buying opportunity prior to the
Been a while since I posted an update on
@nodemonkes
.
Rapidly approaching what I'd consider the deep value zone if you believe in the collection long-term; median secondary acquisition cost (0.26btc). You can buy a NM lower than 45% of currently held NMs purchased on secondary.
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What has taken more shit than
@nodemonkes
and still manages to be the market leader in its space?
- no provenance
- no community
- spank the monke
- all volume is wash trading
- free mint to Dutch auction = rug
- influencer pump and dump
- down >70% never coming back
You can
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just putting this out there -
@nodemonkes
have an objectively easier path to 1btc than
#BitcoinPuppets
rn.
Overall listings:
- Nodes: ~1.2k
- Pups: ~840
Listings till 1btc:
- Nodes: ~320
- Pups: ~355
Median list price till 1btc:
- Nodes: 0.78btc
- Pups: 0.69btc (nice)
% of
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Updated address overlap matrix. Read it left to right; ex) 14.7% of addresses holding at least 1 Bitcoin Puppet also own at least 1 Nodemonke. A couple insights:
• Addresses collecting low inscription # collections (Shrooms, Rocks, OrdPunks) most frequently also own at least
What % of addresses holding one ordinal collection also hold at least one of another collection? Some interesting findings.
First - here's how to interpret the chart below. Read the chart left to right. Ex: 29% of addresses with at least one Golden Ratio also have one or more
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It's almost impossible to think about Ordinals with a long-term mindset because (1) the protocol is still very young (2) the best price charts out there only go back to mid-August 2023. So obviously I made my own. To take a long-term view, you have to see the whole picture - each
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Another update on
@MerlinLayer2
staking unlocks - several of the biggest Ordinal collections have had significant unlocks since my last update. There's still a way to go, but we're moving in the right direction. Floor prices are holding up surprisingly well all things considered.
Update on
@MerlinLayer2
staking unlocks:
@nodemonkes
814/1101 (74%) have been redistributed. 41/814 (5%) are currently listed. 12/41 are listed below or at 0.4btc (46% of the 26 total NMs currently listed below 0.4btc).
@BitcoinFrogs
646/1506 (43%) have been redistributed.
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Update on
@MerlinLayer2
staking unlocks:
@nodemonkes
814/1101 (74%) have been redistributed. 41/814 (5%) are currently listed. 12/41 are listed below or at 0.4btc (46% of the 26 total NMs currently listed below 0.4btc).
@BitcoinFrogs
646/1506 (43%) have been redistributed.
466/1101 staked
@nodemonkes
have been redistributed from Merlin to stakers. 3/466 are currently listed. 1/3 is listed below 0.4btc. Did y’all think about my question?
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A look at the top PFP and Art collections by market cap across ETH and BTC.
ETH: The market cap of the largest 5 PFPs is 3.5x the largest 5 Art collections.
BTC: The market cap of the largest 5 PFPs is 34x the largest 5 Art collections.
I expect this may change dramatically,
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Are Ordinals dead? Let’s add some context to what may have caused the Feb-March Ordinal run. Two catalysts are becoming increasingly clear:
1) RSIC pre-rune dropped and interest in the Ordinals ecosystem grew as top collections became viewed as airdrop/whitelist magnets. While
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RSIC Miner (
@rune_coin
) median % historical purchase premium over floor and rarity by symbol. Other collections tend to have some degree of decoupling between trait rarity and purchase premium because there's usually more demand for traits with cultural premiums like hoodies
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so.. where are
@nodemonkes
at rn? Recently figured out how to pull the full history of nodemonke data and started messing with some new indicators.
The last time the floor price's 14-day moving average crossed the 30-day moving average basically marked the bottom (crossed at
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Buyer’s guide threaded for
@OnChainMonkey
- most desirable traits measured by historical % premium paid above floor. Which other communities want a buyer’s guide?
My charts handled a few traits a bit weirdly. For clarity, I’ll list the unclear ones left to right.
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466/1101 staked
@nodemonkes
have been redistributed from Merlin to stakers. 3/466 are currently listed. 1/3 is listed below 0.4btc. Did y’all think about my question?
If you’re planning on buying
@nodemonkes
,
@lepuppeteerfou
, or
@BitcoinFrogs
lower after the Merlin unlock - ask yourself how many market participants might also have the same plan and what incentives that would create for stakers to floor their ordinals as soon as they’re
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was just blessed w a custom Data Monke by
@thehdr002
. Already added to
@C_NodeMonkes
and everything. Best tribute collection in ordinals - ty bro
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Most historically desirable
@nodemonkes
traits as measured by median % premium paid over floor price.
Buyer's guide threaded:
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Update on
@nodemonkes
:
Obviously didn't bounce from 0.42btc as I hoped in my last update - now at 0.37btc. Thinking more about Merlin unlock + runes now.
1140/10k
@nodemonkes
are listed. Subtract the founder monkes (1000) and monkes locked in Merlin (~1100). Collectors have
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Grail
@nodemonkes
still being sent over the last week in a low liquidity environment:
• 2 gold sales at 0.8btc and 0.85btc
• 2 cross-earring sales at 0.38btc and 0.4btc
• 2 hoodie sales at 0.375btc and 0.53btc
• 1 overlord sale at 0.45btc
• 2 peers at 0.5btc and 0.8btc
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Since the beginning of 2024, ordinal PFPs have typically led art on btc in aggressive price runs. My theory is that liquidity quickly rotates from PFPs to art as market participants look for more volatile assets further along the risk curve (higher upside), so they move from
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If you’re planning on buying
@nodemonkes
,
@lepuppeteerfou
, or
@BitcoinFrogs
lower after the Merlin unlock - ask yourself how many market participants might also have the same plan and what incentives that would create for stakers to floor their ordinals as soon as they’re
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The fkn puppets.
• Price back over median secondary acquisition cost (can currently buy lower than 43.5% of puppets picked up on secondary)
• Listings beginning to decrease, but not meaningfully yet
• Floor till 0.115btc is pretty thin
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The
@nodemonkes
FP has def gotten hammered, but is it as bad as it seems? Here's a comparison between listings now and the first time the collection touched its current price:
TLDR: maybe things aren't as bad as they look 👀
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The buyer who swept 4.19btc worth of Crown/Overlord
@nodemonkes
yesterday also bought 5
@harto_fr
pieces (4 FloraForms + 1 Golden Ratio). Most were purchased in the last 12 hrs.
Wallet: bc1pfajccdsverk9cltz55yxx7yukg2hhzf0yua7xdnn42p5dadejdxqa9deac
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lfg finally time to move past
@MerlinLayer2
unlocks. 3/6 highly impacted collections are >89% redistributed and 2/6 are 65%-75% redistributed - breakdown of this below. Bulk of the damage has already been done.
This will prob be the last of these updates unless I catch big moves
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Bitcoin puppets (
@lepuppeteerfou
) just hit median inscription acquisition cost for the first time since January - you can buy one lower than 50% of puppets traded on secondary (86% of the collection). Do we think bounce or break below?
For reference,
@nodemonkes
just broke below
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Update on
@nodemonkes
- 14 day moving avg crossed below 30 day MA at ~0.51btc. Price continued to dip to ~0.42 (17.7% drawdown), briefly crossing 3rd quartile acquisition cost (aka you could've purchased lower than 25% of holding buyers). Pretty big rebound this morning.
For
so.. where are
@nodemonkes
at rn? Recently figured out how to pull the full history of nodemonke data and started messing with some new indicators.
The last time the floor price's 14-day moving average crossed the 30-day moving average basically marked the bottom (crossed at
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Update for bitcoin puppets
@lepuppeteerfou
: Right now you can buy lower than 33.9% of currently held puppets purchased on secondary. Puppet chart is structurally different than
@nodemonkes
(quote tweeted for comp). Not as clear of a prolonged consolidation along median
Update: Officially hit the
@nodemonkes
deep value zone. If you believe in the collection long-term, you can buy one lower than 55% of currently held NMs purchased on secondary. Last time we hit this zone during consolidation presented the best buying opportunity prior to the
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Historical purchase premiums on
@dmtnatcats
Brow Piercings and Alien Diamonds are wild. There are only 5 laser pointers in the collection and none have been sold, so there's no premium on them.
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An Ordinal or NFT collection's % listed on marketplaces can be misleading because it doesn’t account for listing distributions. Here's a closer look at the big 4 Ordinal PFPs to see how their listings stack up against each other.
Skip to last tweet in thread for TLDR analysis if
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Unique holders over time for some of the biggest ordinal collections:
@nodemonkes
,
@lepuppeteerfou
,
@BitcoinFrogs
,
@QuantumCatsXYZ
,
@OrdinalMaxiBiz
,
@OnChainMonkey
,
@dmtnatcats
. There's one really interesting trend/question I'm focused on.
Nodemonkes, Bitcoin Puppets, and
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Update on
@nodemonkes
- collection depth has increased over the last week (thicker floor) while price chops/drops. Holders are still listing fewer unique inscriptions each day, but fewer are also being bought. Might be a slow grind down/chop until volume picks up.
If you're
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Deleted my last post bc
@lifofifo
pointed out a few issues with some of my reasoning. Updating it to avoid confusion.
A few people sent/tagged me in this post by
@blakeknock
, so given the concern over ordinal volume inflation, I looked into it and the results were very
A nodemonke washtrader has found a simple way to artificially increase sales vol.
NM 4934 had lots of listing activities.
The second it actually sold, the seller RBF cancelled the txn.
This resulted in sales vol being counted 2x!
Now its been relisted again for same price
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No surprise I'm a pretty big fan of
@vivid_ordinals
and
@harto_fr
.
@floraforms
is another one of my favorite pure art collections on BTC.
- Art is beautiful
- Priced well for those who can't afford collections like The Golden Ratio, Sats, Twelvefold, Oblivion, etc.
- I also
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@OnChainMonkey
buys (orange bars) picking up and listings haven't really increased meaningfully. Floor price slightly above avg acquisition cost of 0.0891btc now.
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Would not be totally shocked at a
@nodemonkes
retrace toward avg/median acquisition cost. Just had a crazy run from 0.145btc to 0.9btc and inscriptions purchased (orange bars) are beginning to decrease - too early to tell if that will be a sustained trend tho. Makes sense to cool
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nodes and pups are s-tier collections for different reasons. rooting for both.
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More redistributions from
@MerlinLayer2
last night. Almost all the collections below have been >60% redistributed. A few have almost been fully redistributed... light at the end of the tunnel.
@nodemonkes
998/1101 (90.64%) have been redistributed. 71/998 (7.11%) are currently
Another update on
@MerlinLayer2
staking unlocks - several of the biggest Ordinal collections have had significant unlocks since my last update. There's still a way to go, but we're moving in the right direction. Floor prices are holding up surprisingly well all things considered.
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One of the few collections holding up well during this low attention period in Ordinals is Pizza Ninjas (
@ninjalerts
).
The last ~1.5 weeks of data I'm working with is shot due to
@MagicEden
API issues (which is why FP goes flat), but at 0.129btc, Pizza Ninjas is quietly near
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Feels like I’ve seen a decent amount of people waiting for their blast airdrop to pick up top tier ordinals (nodemonkes, puppets, omb, quantum cats)
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Btw here's how nodes' and puppets' collection depths stack up vs the first time they hit current prices. When you zoom out both have come pretty far in terms of their listing distributions. If/when attention returns to ordinals they'll probably be positioned to run much faster
Adding to this series - here's how Bitcoin Puppets' (
@lepuppeteerfou
) collection depth looks now vs the first time they reached their current price level on 2/25/24.
Bitcoin Puppets 2024-02-25: Total supply of 10001. 8.34% of collection listed. 723 listings (7.23% of collection)
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Pretty unreal how just a few tweets can seemingly revive a project. For the first time in months,
@rune_coin
and
@the_runedev
have been consistently tweeting (8/8), leading to a ~4x in RSIC miners from the bottom. Since then, listings are down by over 100, the median inscription
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Current listing count of
@harto_fr
Golden Ratio is starting to decrease as unique daily inscription listings remain low while purchases pick up at this price level (8 swept in last 24hrs at prices just above third quartile acq cost).
If this behavior continues, I expect prices
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RSIC & Runestone airdrops + Merlin staking and unstaking events each preceded some degree of at least briefly increased volume & price. Wonder what the next events that bring attention to Ordinals will be
Ordinals included in volume & index:
@nodemonkes
,
@lepuppeteerfou
,
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Overlapping holders between the 4 largest ordinal PFP collections. Haven't done anything fancy with funding wallets here (on my to-do list), so true overlap could look different.
The numbers for OMB and puppets are a couple hundred off (working on data quality), but this should
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sup friends I put together a kinda fun trade.
post is a bit long so TLDR is I'm bullish
@bitglyphsnft
as beta for highly priced ordinal art majors.
I follow
@harto_fr
Golden Ratio closely and have been looking to acquire more ordinal art.
@bitglyphsnft
price action has been
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Love both collections for diff reasons
Nodemonkes (collector play):
- Best 10k pfp artwork on btc imo (subjective, but the art fucks & is incredibly well thought out)
- To my knowledge the team inscribed the most <100k inscriptions of any original/btc-native collection. ~4% of
BITCOIN PUPPETS & NODE MONKES
been watching these 2 charts to try and get some exposure to Ordinals
has the bullish thesis changed for either of these, anyone NOT as bullish anymore on them for whatever reason? which one do we like better?
@BitcoinPuppets
vs
@NodeMonkes
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Body Traits
@nodemonkes
:
After updating % purchase premium to minimize the impact of outlier sales caused by other traits it looks like these are the body traits with the highest premium (all others <=1%)
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Following up on Merlin unlock data for staked
@BitcoinFrogs
. Also, accidentally set
@nodemonkes
mint price to 0btc instead of .03btc in the last post. Very slightly changes avg acquisition cost and one chart, so updating those below too.
Staked
@BitcoinFrogs
:
- Median
Lots of speculation about Merlin unlock. Here are some facts about the staked assets.
@nodemonkes
:
- 502/1101 were acquired at or below mint price .03btc
- Median acquisition cost = .064btc
- Avg acquisition cost = 0.11btc
- At 0.33btc ~95.5% of stakers are in profit
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Ordinals are frequently purchased and immediately relisted for hardly any profit or even at a slight loss; artificial volume. The following analysis attempts to quantify this behavior across several prominent collections.
I'm using one heuristic and recognize it won’t capture
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you can now buy a Bitcoin Puppet lower than 50% of buyers currently holding one. trading below median acquisition cost of 0.158btc. seems cheap. can't wait to hit 0
@lepuppeteerfou
Unfortunately, I'm missing listing data March 4-10, so I'm supplementing this chart with median
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Black dotted line 1 (left): RSIC drop
Black dotted line 2 (right): Runestone drop
Volume was largely sucked out of the big 4 Ordinal PFPs (
@nodemonkes
,
@lepuppeteerfou
,
@OrdinalMaxiBiz
,
@QuantumCatsXYZ
) only 4 days after Runestone began distribution. Each is still doing more
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Floor price ratios of the biggest 10k PFP collections on BTC vs ETH. Will be cool to watch these develop.
-
@lepuppeteerfou
:
@BoredApeYC
-
@nodemonkes
:
@cryptopunksnfts
nodes and pups are s-tier collections for different reasons. rooting for both.
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Distinct lack of pure art Ordinal collections in the top 10 by mkt cap vs in the top 10 NFTs on Ethereum. Wonder how long that'll last, can't think of a better way to store art than on Bitcoin
screenshots from
@nftpricefloor
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At this point, I think the chart looks reminiscent of mid-Feb capitulation, but there are a lot of short-term unknowns with Merlin + Runes.
My big questions are: Would a rotation from runes absorb ~100 new listings? Are assets on Merlin all unlocked at once or over time?
On a
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bitcoin shirts (78.7%) and hoodies (77.4%) both historically acquired at ~ same premiums to floor. ketamine in distant 3rd (7.2%).
#bitcoinpuppets
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Being early and among the OG collections is important, but the "first" narrative is silly. Nobody is in agreement about how we measure first. First inscription number? Last inscription number? Parent inscription number? Release date? It's not a game any collection can
they both claim first but under different conditions. i say it doesn't matter. what matters is how based and deranged the community is. and of course, the art.
provenance is gay
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Got a great question from
@R3genD3gen
on yesterday's analysis: have any collections fallen below Q1 acquisition cost and not continued to drop?
In short - yes.
@OrdinalMaxiBiz
,
@BitcoinFrogs
, and
@HoneyBadgersBtc
all dipped below Q1 acq cost during 2023. Even
@QuantumCatsXYZ
Bitcoin puppets (
@lepuppeteerfou
) just hit median inscription acquisition cost for the first time since January - you can buy one lower than 50% of puppets traded on secondary (86% of the collection). Do we think bounce or break below?
For reference,
@nodemonkes
just broke below
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Grails tend to be more liquid during price runs. The # and the % of daily
@nodemonke
purchases considered grails (>=95th percentile of all historical sales in terms of % premium over FP) both spike during strong uptrends.
Most "grails" were purchased just after mint because
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Comparing buyer distributions from the 5 highest volume ordinal pfp collections over the last 7 days. Given the bug I found a few days back, expect ~10-20% data loss here. Should still be directionally correct.
@nodemonkes
(82.19btc): Top 5 buyers purchased 13.51%
ok yea there's a bug in the
@MEonBTC
activities endpoint (); it isn't returning 'offer_accepted_broadcasted' events for specific inscriptions, leading to ~10% lower volume if you're ingesting data correctly. Likely at least part of the reason for the diffs
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To add to my last thread - Art on Bitcoin is demonstrably more volatile than Ordinal PFPs. Displayed below is day-over-day % change for both Art on Bitcoin (blue) and Ordinal PFP (green) indices.
This adds evidence that the market rotates from PFPs to art while chasing higher
Since the beginning of 2024, ordinal PFPs have typically led art on btc in aggressive price runs. My theory is that liquidity quickly rotates from PFPs to art as market participants look for more volatile assets further along the risk curve (higher upside), so they move from
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Another view of
@MagicEden
diamond rewards’ impact on the Ordinals market - this time looking at volume of purchases over floor vs at/under floor. I think this is likely more indicative of flipper/farmer volume. In poor market conditions, this volume increases significantly, but
We’re still in the very early innings of
@MagicEden
diamond rewards, but so far haven’t seen a comparable impact to
@blur_io
farming with regards to offers accepted vs purchases. Worth noting the incentives are different, although I haven't dug into all the nuances. Will continue
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Collections included:
BTC PFPs:
@nodemonkes
, Bitcoin Puppets (
@lepuppeteerfou
),
@OrdinalMaxiBiz
,
@QuantumCatsXYZ
,
@BitcoinFrogs
BTC Art: The Golden Ratio (
@harto_fr
+
@vivid_ordinals
), Cents (
@sovrnart
),
@floraforms
,
@bitglyphsnft
, Oblivion (
@null_ish
)
ETH PFPs:
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Wallet that picked this up is an absolute whale - has 4 1Ts, 1 alien, and 2 other golds
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Top Head Traits
@nodemonkes
:
No surprise that the % premiums paid on alienate, peer, hoodie, and overlord are the highest. Interesting to see Crown with basically no premium - expected it to be up there.
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Realized profit, loss, and net profit/loss (profits - losses) over time across
@nodemonkes
,
@QuantumCatsXYZ
, Bitcoin Puppets (
@lepuppeteerfou
), and
@OrdinalMaxiBiz
*.
The day Nodemonkes hit 0.15btc was the most capitulation large cap ordinals have seen in 6 months.
*Data Notes:
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Update on
@nodemonkes
. Fewer monkes trading hands recently - maybe because attention's shifted to
@OrdinalMaxiBiz
orange (~70btc 24h vol) + some rune projects like
#Runestone
(~170btc 24h vol). Listed inscriptions have risen from under 800 (March 1 at 0.533btc floor) to over 1100
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My charts are automated and didn't consider that one
@dmtnatcats
can have multiple accessories, so my last post missed Catnip. Here's the fixed version. If there's no bar for a trait, then no sales have occurred through Magic Eden. Props
@decoder_btc
for helping find this bug
Historical purchase premiums on
@dmtnatcats
Brow Piercings and Alien Diamonds are wild. There are only 5 laser pointers in the collection and none have been sold, so there's no premium on them.
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Bottom line - most of these holders are in profit, but staked assets will be distributed across many addresses rather than concentrated in a few. Some holders may be looking for liquidity since they are in profit. Others may have more conviction now that the collections have
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As far as
@OnChainMonkey
Genesis earring traits go Diamond is the only one regularly collected at a premium of >1% over floor price.
All earring traits with negative premiums are excluded from the chart and legend.
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Custom data bg by
@thehdr002
goes hard, appreciate it bro keep up the good work w
@C_NodeMonkes
🤝
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reported volume for ordinal collections is weirdly different between
@okx
,
@MagicEden
, and
@cryptoslamio
. here's
@nodemonkes
.
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Interesting results switching to median % purchase premium for
@nodemonkes
earrings. Cross is the only one collected at a premium. When using avg % both Cross and Diamond had significant premiums. Diamond premium may have been skewed by other traits.
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ok yea there's a bug in the
@MEonBTC
activities endpoint (); it isn't returning 'offer_accepted_broadcasted' events for specific inscriptions, leading to ~10% lower volume if you're ingesting data correctly. Likely at least part of the reason for the diffs
reported volume for ordinal collections is weirdly different between
@okx
,
@MagicEden
, and
@cryptoslamio
. here's
@nodemonkes
.
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hard
@nodemonkes
bounce off of mean acquisition cost (floor price briefly tagged it but the way the first chart is aggregated doesn't show - second chart is from last night). unsure where things go from here. continuing to watch key levels.
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Best time to buy art on btc is when nobody’s paying attention. Pumped to have collected OOPARTS-11 by
@FKYNArt
.
Each piece is reinscribed on a bitmap to represent an out of place artifact (oopart) inscribed on the digital land. Love the aesthetic of the collection - indexed on
While attention is facing tokens and memes, I am more than happy that the art is evaluated.
Thank you for the wonderful encounter!
@Datamonke
The bell of the beginning is starting to ring🔔
OOPARTS-11
SOLD OUT🔥
The way to meet is very analog, but please refer to the fixed
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teamed up w
@blockspacepod
for this week's newsletter, check em out
@cbspears
is an og
The Data is in on just how Down Bad the Ordinals Ecosystem is 📉
Ordinals data guru
@datamonke
drops some fresh ordinals charts in today's newsletter (link below)
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@OneAndOnlyPapii
@nodemonkes
A. here's median historical purchase premium to floor by body trait (I'd go w/ Rainbow)
B. yes send mf nodes
C. Merlin unlock makes near-term price action unpredictable, but here's a chart w/ some indicators
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seen lots of nodes posting about floor price by trait. I’m kicking off the race to 1btc. will start posting depth charts of the front runners now that I’ve got a data pipeline up. cya at 1btc floor 🫡
#sendnodes
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If you're looking to pick up some really great art on btc for cheap - you can buy
@harto_fr
The Golden Ratio lower than 44.5% of currently held TGRs purchased on secondary. Just above median acquisition cost. There's only one piece on the floor at 0.128btc then floor jumps to
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