Bitcoin faced sharp volatility last week, surging to $117K before retreating to $111K. Spot momentum weakened, futures leverage contracted, and ETF flows turned negative with $1B outflows. On-chain demand softened as activity fell, profits faded, and caution grew across traders and institutions.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin rebounded from last week’s drop below $114K to $121K, with on-chain activity and derivatives sentiment improving. However, falling spot volumes and high profitability suggest caution. This week’s Market Pulse breaks down key BTC market signals across spot, futures, ETFs, and on-chain.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin rebounded from last week’s drop below $114K to $121K, with on-chain activity and derivatives sentiment improving. However, falling spot volumes and high profitability suggest caution. This week’s Market Pulse breaks down key BTC market signals across spot, futures, ETFs, and on-chain.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin’s rally pauses as momentum cools across spot, futures, options, and ETF markets. With liquidity thinning and risk appetite moderating, signs of seller exhaustion emerge - yet fragile market structure leaves BTC vulnerable to further downside.| Glassnode Insights - On-Chain Market Intelligence
We introduce a new methodology to classify Bitcoin supply owned by long-term investors and short-term traders, and create a set of on-chain metrics that show when these two investor types are in a state of profit or loss.| Glassnode Insights - On-Chain Market Intelligence
Despite a short-term bounce, ETF, futures, and on-chain data show weak follow-through. Without stronger liquidity and conviction, the rally risks fading into a broader correction - more relief than the start of a lasting uptrend.| Glassnode Insights - On-Chain Market Intelligence
Challenging market conditions continue for digital assets, with Bitcoin Short-Term Holders finding themselves under increasing financial pressure. Under the surface, a shift towards Long-Term Holder accumulation appears ongoing, with wealth now transferring back towards price insensitive investors.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin is trading in the $93k-$97k range, leading to a wider digital asset market cooldown. Capital inflows are weakening, and derivatives activity is declining. Short-term holder accumulation patterns somewhat resemble May 2021, which was a relatively challenging set of market conditions.| Glassnode Insights - On-Chain Market Intelligence
The current bull market shows several structural similarities to the 2015–2018 cycle. We explore this idea from the perspective of the drawdown profile, price performance, and Realized Cap change. We also address misconceptions about the exchanges and ETF balances.| Glassnode Insights - On-Chain Market Intelligence
As the Bitcoin market corrects from the $108k ATH, a significant proportion of froth has come out of the market, whilst demand remains relatively robust. Unrealized losses are primarily held by short-term holders; however, stress levels are relatively modest compared to previous drawdowns.| Glassnode Insights - On-Chain Market Intelligence
We introduce Cointime Economics, a new framework for analysis of the Bitcoin economy. It relates the concepts of time and supply to derive dynamic metrics of Bitcoins economic activity which account for both supply and demand forces.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin’s rally to a new ATH is driven by strong spot demand and institutional inflows, with over 95% of supply in profit. This article explores on-chain indicators, highlighting robust spot buying momentum, rising ETF AUM, futures premiums, and the potential for sustained gains in this ATH phase.| Glassnode Insights - On-Chain Market Intelligence
As Bitcoin continues consolidating, we investigate which cohort of investors are contributing the most to sell-side activity. We also use our new Breakdown metric suite to build a set of rules for tracking local market lows during corrections.| Glassnode Insights - On-Chain Market Intelligence
The Ethereum community is debating a change to the ETH monetary policy, following a proposals aimed at constraining the rapid expansion of the staking pool. This is motivated by a surge in demand for Liquid Staking and Restaking protocols.| Glassnode Insights - On-Chain Market Intelligence
This article explores how the upcoming Bitcoin halving, combined with the significant demand from ETFs, reshapes traditional trading strategies, emphasizing the need for traders to adapt to this new trading landscape.| Glassnode Insights - On-Chain Market Intelligence