This week's professional-grade insights into crypto's most volatile frontier. Identify high-conviction setups across altcoin markets with this exclusive weekly report.| Glassnode Insights - On-Chain Market Intelligence
Created in collaboration with Willy Woo, this report offers a Bitcoin-only perspective, combining Swissblock’s framework with Willy’s on-chain analytics – focused on sentiment, structure, and liquidity.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin has surged to a new all-time high near $125.5K, driven by renewed spot demand, record ETF inflows, and strong flows across derivatives markets.| Glassnode Insights - On-Chain Market Intelligence
A new options metric suite focused on premium flows and taker activity helps traders assess market positioning and conviction—available for BTC, ETH, SOL, BNB, and XRP, with history back to 2021.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin continues to defend key on-chain support at the short-term holder cost basis, while ETFs and cooling LTH supply offer stability. Options markets reset post-expiry, with OI rebuilding, volatility easing, and flows tilting toward cautious Q4 upside.| Glassnode Insights - On-Chain Market Intelligence
This week's professional-grade insights into crypto's most volatile frontier. Identify high-conviction setups across altcoin markets with this exclusive weekly report.| Glassnode Insights - On-Chain Market Intelligence
Created in collaboration with Willy Woo, this report offers a Bitcoin-only perspective, combining Swissblock’s framework with Willy’s on-chain analytics – focused on sentiment, structure, and liquidity.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin traded above the cost basis of short-term holders this past week, with price fluctuations centered around $111k. Spot market momentum softened as the 14-day RSI eased and net selling pressure declined, reflected in stronger Spot CVD.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin shows signs of exhaustion after the FOMC rally. Long-term holders have realized 3.4M BTC in profits, while ETF inflows slowed. With spot and futures under stress, the short-term holder cost basis at $111k is the key level to hold or risk deeper cooling.| Glassnode Insights - On-Chain Market Intelligence
This week's professional-grade insights into crypto's most volatile frontier. Identify high-conviction setups across altcoin markets with this exclusive weekly report.| Glassnode Insights - On-Chain Market Intelligence
Built by Swissblock, in collaboration with Willy Woo. Presented by Glassnode.| Glassnode Insights - On-Chain Market Intelligence
We introduce a two-part framework for BTC perpetual futures, integrating liquidation mapping with long/short bias to inform risk management and positioning.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin rallied to $117k in anticipation of a Fed rate cut last week, before retreating to $115k under renewed selling pressure.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin trades above 115.2k with 95% of supply in profit after the FOMC rally. Futures show short squeezes and options open interest hit a record 500k BTC ahead of the September 26 expiry. Holding above 115.2k is key while a drop risks a move back toward 105.5k.| Glassnode Insights - On-Chain Market Intelligence
This week's professional-grade insights into crypto's most volatile frontier. Identify high-conviction setups across altcoin markets with this exclusive weekly report.| Glassnode Insights - On-Chain Market Intelligence
This week's professional-grade insights into crypto's most volatile frontier. Identify high-conviction setups across altcoin markets with this exclusive weekly report.| Glassnode Insights - On-Chain Market Intelligence
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 has slipped below $116k, entering a low‑liquidity “air gap”, a zone where few coins have changed hands. Short-Term Holder profitability has hit the bull market mid-line, ETF flows have turned negative, and funding rates are cooling off as the market is trying to find support.| 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're expanding Cost Basis Distribution (CBD) beyond Bitcoin to Ethereum (ETH), ERC-20, and SPL tokens - providing deeper insights into evolving cost bases and enhancing visibility into investor positioning, market conviction, and capitulation across assets.| Glassnode Insights - On-Chain Market Intelligence
Access pioneering insights and analyses of the digital asset space developed in collaboration with industry-leading institutional brands.| 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
Discover key on-chain and market trends shaping the crypto outlook in Coinbase and Glassnode’s Q3 2025 report.| Glassnode Insights - On-Chain Market Intelligence
Explore how Bybit’s response to the February 2025 Lazarus hack became a real-world stress test for digital asset markets. This Glassnode report analyzes exchange flows, liquidity recovery, and institutional market structure across BTC, ETH, and SOL in a 23-page data-driven case study.| Glassnode Insights - On-Chain Market Intelligence
An innovative study by Glassnode and Avenir Group exploring how Bitcoin’s liquidity profile is being reshaped by structural capital flows, institutional demand, and macro-financial integration.| Glassnode Insights - On-Chain Market Intelligence
Glassnode Insights is your portal to contextualised market analysis, and cutting edge research for Bitcoin, Ethereum, DeFi and more.| Glassnode Insights - On-Chain Market Intelligence
Market bottoms often form during extreme distress, when forced selling peaks and exhausted investors capitulate. Using Cost Basis Distributing to track supply shifts and sell-offs in assets like Uniswap, Maker, and AIOZ, we arrive at an on-chain bottom signal.| 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
Early token holders often control a large share of supply, making their buying and selling decisions key to market trends. This analysis explores Early Holder Balance, Herfindahl Index, NUPL, and Cost Basis Distribution to help traders anticipate price tops and manage risk effectively.| Glassnode Insights - On-Chain Market Intelligence
Despite a prolonged downtrend in Metaverse tokens, CBD data reveals that major players continue to dollar-cost average (DCA) into these assets.| Glassnode Insights - On-Chain Market Intelligence
Bybit’s historic $1.48B hack triggered panic withdrawals and a market-wide sell-off, pushing the price 20% below its ATH. With the market trading 5% below the cost basis of short-term holders, new investors faced severe pain, intensifying their loss realization.| 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
A joint publication of CME Group and Glassnode, this report equips institutional traders and investors with knowledge and data about the 2024 trends in the digital asset market, aiming to enhance investment decision making.| Glassnode Insights - On-Chain Market Intelligence
We introduce the Cost Basis Distribution (CBD), a novel metric that helps identify key accumulation and distribution zones, tracks their evolution over time, and offers a data-driven framework for understanding critical price levels derived from on-chain data.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin continues to relentlessly establish new ATHs, supported by robust capital inflows from both ETFs and the Spot Market, with over $62.9B entering the market over the last 30 days. As the market proceeds to heat up, Long-Term Holder spending begins to rise in tandem.| 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
In the Q4 'Guide to Crypto Markets' by Glassnode and Coinbase Institutional, we highlight growing institutional engagement in Bitcoin ETFs, the surge in Ethereum staking, and the expanding role of stablecoins as key drivers of market activity.| Glassnode Insights - On-Chain Market Intelligence
The Bitcoin market is in an interesting spot, with the average coin still up 2x, whilst most Short-Term Holders are underwater. A multitude of volatility measures are also heavily compressed, suggesting a larger move is on the horizon.| Glassnode Insights - On-Chain Market Intelligence
Discover Glassnode's Bitcoin Sharpe Signal Short, our proprietary trading signal based on on-chain data designed to identify high-confidence shorting opportunities and improve risk-adjusted returns for Bitcoin.| Glassnode Insights - On-Chain Market Intelligence
Despite choppy price action, the unrealized profit of Bitcoin investors remains constructive. However, volumes across all market facets are declining markedly as an equilibrium between demand and sell-side forces is established.| Glassnode Insights - On-Chain Market Intelligence
Despite impressive US ETF inflows, a market-neutral Cash-and-Carry trade appears to be subduing buy-side pressure, requiring non-arbitrage demand to further stimulate price action. Alongside this, we explore the divergence between declining active addresses and surging transaction counts.| Glassnode Insights - On-Chain Market Intelligence
Understanding Liquidity Supply and Demand Dynamics on Uniswap Introduction The introduction of concentrated liquidity in Uniswap V3 has given market makers more freedom and opportunity to manage their positions. It has also made the competitive landscape more challenging, and thus the decision-making process has become substantially more complex for selecting| Glassnode Insights - On-Chain Market Intelligence
A Breakdown of Uniswap's Protocol Activities Introduction One of the fundamental building blocks within the cryptocurrency ecosystem is decentralized exchanges (DEXs). These platforms enable users to trade cryptocurrencies directly with each other, or via liquidity pools, eliminating the need for a counterparty or a centralized entity to execute the trade.| Glassnode Insights - On-Chain Market Intelligence
Learn about how to apply our new suite of metrics to better identify local bottoms in a bull market and start applying these insights in your trading strategies.| Glassnode Insights - On-Chain Market Intelligence
Using our new Breakdown Metrics, we are now able to discretely isolate points of severe unrealized loss, and investor capitulation. In this article, we introduce a new framework to assess seller exhaustion across multiple timeframes and investor cohorts.| 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
Learn about our new suite of metrics and its benefits for your analysis of the digital asset market and applicability to your trading strategies.| Glassnode Insights - On-Chain Market Intelligence
The fourth Bitcoin Halving has occurred, leading to a 50% reduction in supply inflation and an inherent increase in issuance scarcity. In this edition, we explore the evolution of the Bitcoin network across Epochs with respect to price performance, and fundamental network metrics.| Glassnode Insights - On-Chain Market Intelligence
In the Glassnode Spotlight series, we explore the most interesting and actionable insights from the Coinbase x Glassnode Q2 Guide to Crypto Markets. The first part is focused on the 4th Bitcoin halving and its impacts.| 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
With the Bitcoin ETF becoming a classic sell-the-news event, we explore the market's risk appetite for tokens further out on the risk curve. There are some indicators alluding to ETH outperformance, as well as interesting divergences in altcoin price action relative to the majors.| Glassnode Insights - On-Chain Market Intelligence
2024 has opened with a roller-coaster ride for Bitcoin, as ten new spot ETFs begin trading in US markets. The event was historic and chaotic, with BTC prices setting both new multi-year highs, and YTD lows. Bitcoin has welcomed traditional finance into it's world.| Glassnode Insights - On-Chain Market Intelligence
Bitcoin continues to lead as one of the best performing assets globally in 2023. Not only has BTC appreciated over 140% YTD, it has more than doubled relative to gold, and still dominates against the rest of the digital asset industry.| Glassnode Insights - On-Chain Market Intelligence
The fourth Bitcoin halving is fast approaching, being an important milestone both for the asset, and for investors. In this edition, we deep dive into the impressive tightness of BTC supply, and demonstrate how we can measure investor accumulation patterns in the lead up to the event.| Glassnode Insights - On-Chain Market Intelligence