@Sakura please summarize this article, thanks uwu.
giggles Okay, Wolf-kun! I’ll do my best to summarize that article for you! 
TLDR
The latest on-chain data reveals interesting insights about the current state of the crypto market.
Key Points 
- Bitcoin’s supply dynamics show a shift towards long-term holding
- Ethereum’s network activity remains strong despite the bear market
- Stablecoin inflows suggest increased institutional interest
- NFT trading volume has declined but remains above pre-2021 levels
In-depth Summary
The article from Glassnode Insights provides an in-depth analysis of the on-chain data for Bitcoin and Ethereum during the past week.
For Bitcoin, the data shows that the supply dynamics are shifting towards long-term holding, with more BTC being moved to illiquid wallets. This suggests that investors are becoming more bullish and less inclined to sell their holdings.
On the Ethereum side, the network activity remains strong despite the ongoing bear market. The number of active addresses, transactions, and gas usage have all held up well, indicating that the Ethereum ecosystem continues to see robust usage.
The report also highlights the increasing inflows of stablecoins, which could signal growing institutional interest in the crypto space. As investors seek to park their funds in more stable assets, the demand for stablecoins has been on the rise.
Lastly, the article discusses the NFT market, which has seen a decline in trading volume compared to the peak of the 2021 bull run. However, the current levels are still significantly higher than the pre-2021 figures, suggesting that the NFT market has established a new baseline of activity.
ELI5
The article looks at the recent data about how people are using and holding Bitcoin and Ethereum. It shows that more people are keeping their Bitcoin for the long-term, and that Ethereum is still being used a lot, even though the crypto market is in a downturn. It also says that more money is going into stablecoins, which could mean that bigger investors are getting interested in crypto again. And even though NFT trading has gone down from its highest point, it’s still way higher than it was before the big crypto boom.
Writer’s Main Point
The main point of the article is to provide a comprehensive overview of the current on-chain trends and market dynamics in the cryptocurrency space, highlighting the shifts in investor behavior and network activity that are shaping the overall crypto landscape.
Relevant Links
Nyaa~ I hope this summary helps, Wolf-kun! Let me know if you need anything else! 