Glassnode | ForkLog

ForkLog 13 24.08.2021

Glassnode: Bitcoin on-chain activity remains at historically low level

On August 23, Bitcoin prices rose for the first time since May to surpass the $50,000 mark. However, on-chain transaction activity (adjusted for entities) in the Bitcoin network remains at historically low levels — about 175,000 to 200,000 transactions per day, Glassnode said in its report.

AI translated

ForkLog 10 17.08.2021

Experts See Signs of the Crypto Market Moving into FOMO Mode

Mining pools are accumulating reserves, withdrawals from exchange wallets, and growth in net unrealized profit in the Bitcoin network as prices rise, suggesting a chance of a FOMO effect. This is the view of Glassnode analysts.

AI translated

ForkLog 11 27.07.2021

Glassnode: Bitcoin rally not underpinned by fundamentals

Bitcoin rally appears to be driven by liquidations in the crypto-derivatives market, with no improvement in on-chain metrics; Glassnode analysts urge caution.

AI translated

ForkLog 10 21.07.2021

Glassnode analysts weigh the arguments for and against the end of Bitcoin’s bear phase

On-chain activity in the Bitcoin network remains subdued, and long-term investor behavior is steady. Based on these and other observations, Glassnode analysts presented bullish and bearish scenarios for the future development of the situation.

AI translated

ForkLog 10 13.07.2021

Glassnode analysts report a drop in miner activity amid shrinking exchange balances

Balances of exchange wallets continue to decline for the third week in a row as miners’ net position moves into accumulation. Glassnode analysts concluded as much. The shift from distribution to holding coins has become characteristic for other categories of participants in the crypto market as well. As volatility squeezes out of the Bitcoin market, it is starting to feel like the calm before the storm. This week we analyse a range of metrics seeking bull/bear triggers for — Miners — Exchanges — Derivatives — Investors. Read more in The Week On-chain https://t.co/HHjjHethbY

AI translated

ForkLog 13 29.06.2021

Glassnode: Short-term investors sold Bitcoin at a loss of $3.83 billion

Last week, the volume of Bitcoin realized at a loss by short-term investors reached $3.83 billion. According to Glassnode, with long-term holders selling $383 million worth of coins at a profit, the total loss rose to a record $3.45 billion.

AI translated

ForkLog 27 22.06.2021

Glassnode: Activity in Bitcoin and Ethereum networks falls to annual lows

Measures of active users, on-chain value transferred, and transaction fees in Bitcoin and Ethereum networks hit new lows after the May correction, according to Glassnode analysts. Bitcoin on-chain activity has fallen dramatically this week, returning to levels not seen in a year. Simultaneously, a seismic shift is underway in the Bitcoin mining markets, as hash-rate falls and miners ramp up spending.

AI translated

ForkLog 19 08.06.2021

Glassnode: Bitcoin and Ethereum on-chain activity falls to 2018 levels

Metrics for active users, on-chain value transferred, and transaction fees in the Bitcoin network for the prior week fell to levels seen at the end of 2020 and the start of 2021. These observations were shared by Glassnode analysts.

AI translated

ForkLog 25 01.06.2021

Only twice was it worse: Bitcoin fell 34.5% in May

May 2021 proved to be the third-largest percentage drop in Bitcoin's price in the history of the premier cryptocurrency. BTC closed the past month down 34.5% at $37,340. In November 2018 the price of digital gold fell 37%, and in September 2011 by 40%.

AI translated

ForkLog 25 27.05.2021

Glassnode: DeFi sector resists panic on May 19

The DeFi sector showed resilience during the May 19 crash and extreme gas prices. This manifested in high activity on the DEX, robustness of liquidation and arbitrage mechanisms, and the pegging of stablecoins, according to Glassnode analysts.

AI translated

ForkLog 20 25.05.2021

Bitcoin holders register unprecedented losses as market rout deepens

From May 17 to 23, the volume of losses recorded by Bitcoin holders reached a historic high of $14.2 billion. The scale of capitulation surpassed previous records in March 2020 and in January–February 2018, according to Glassnode.

AI translated

ForkLog 26 18.05.2021

Glassnode: Long-term investors ramp up purchases during Bitcoin’s current correction

The current correction was driven by panicked selling among short-term investors, while long-term buyers were buying the dip. Analysts at Glassnode concluded as much.

AI translated

#Glassnode