Glassnode | ForkLog

ForkLog 13 23.05.2023

Glassnode: Hodlers Await Bitcoin Rally Before Selling

Glassnode: tight BTC range coincided with extremely low on-chain value transfer. Most coins are dormant, waiting for higher prices.

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ForkLog 24 16.05.2023

Hype around BRC-20 tokens drives surge in Bitcoin miners’ revenues

Daily Bitcoin miner fee revenue per block, for the fifth time in history, surpassed the block reward from mining (6.25 BTC). Glassnode analysts attributed the development to the increased issuance of BRC-20 tokens.

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ForkLog 6 15.05.2023

Glassnode: Bitcoin addresses holding at least 1 BTC exceed one million

The number of Bitcoin addresses containing at least 1 BTC has surpassed 1 million, according to Glassnode.

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ForkLog 16 09.05.2023

Glassnode: 1.55m ETH withdrawal from staking had little impact on price

The withdrawal of 48,000 validators, totaling 1.55 million ETH, from the Beacon Chain deposit contract after activation of Shapella did not significantly affect the price of the second-largest cryptocurrency, according to Glassnode analysts.

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ForkLog 11 02.05.2023

Analysts dispute the influence of ‘old whales’ on Bitcoin’s price

Sell orders by 'new investors' at around the $30,000 level became the main factor in halting Bitcoin's rally. Rumors about Mt.Gox clients' sales, US government actions, and the revival of the 'ancient' 3,200 BTC led only to volatility, Glassnode said.

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ForkLog 12 25.04.2023

Glassnode: The $30,000 test undermined Bitcoin bulls’ confidence

The shift into 'profit' positions among Bitcoin speculators has made the picture of accumulation and distribution less straightforward. This has prevented the price from holding above $30,000, Glassnode noted.

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ForkLog 19 18.04.2023

Analysts say the bear market in Bitcoin has ended

Bitcoin price sits above an accumulation cluster of $16,000–$25,000, where most coins have moved to buyers. On-chain indicators show the bear phase in Bitcoin's market has ended, according to Glassnode.

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ForkLog 11 12.04.2023

Glassnode: Shapella sales likely to affect no more than 1% of staked ETH

Even in the most extreme scenario of mass withdrawals by Ethereum validators after the Shapella hard fork, the consequences would stretch over days and weeks. The update is more likely to bolster the staking industry, Glassnode believes.

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ForkLog 22 04.04.2023

Glassnode: Regulatory pressure on Binance has not broken Bitcoin hodlers

The CFTC's lawsuit against Binance and its CEO Changpeng Zhao did not lead to a significant outflow of users from the platform, nor did it shake investors' confidence in the leading cryptocurrency. Analysts at Glassnode concluded as much.

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ForkLog 10 28.03.2023

Glassnode: Bitcoin investors confident of continued uptrend

Against the backdrop of the largest wave of profit-taking in Bitcoin since May 2022, most coins have remained relatively inactive. The majority of speculators are prepared to hold them for longer periods, according to Glassnode analysts.

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ForkLog 17 21.03.2023

Glassnode: Banking crisis pushed Bitcoin out of bear market

Bitcoin posted an impressive weekly gain of 35.8% thanks to emergency measures by leading central banks after a loss of confidence in banks. For digital gold, a structure reminiscent of early bull markets has formed, Glassnode emphasised.

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ForkLog 26 14.03.2023

Glassnode: US bank collapse rekindles demand for Bitcoin

The shutdowns of Silvergate Bank, SVB, and SBNY triggered temporary turbulence in stablecoins and underscored the significance of Satoshi Nakamoto's creation of Bitcoin. Glassnode reports.

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