Glassnode | ForkLog

ForkLog 83 27.11.2024

Long-term Bitcoin Holders Reduce Holdings Amid Price Surge

As Bitcoin approached $100,000, holders offloaded a “significant” 507,000 BTC. This figure is less than the March pace of 934,000 BTC, as some market participants anticipate higher prices before liquidating positions, according to Glassnode. Source: Glassnode. The daily distribution rate by this category of investors reached 0.27% of the coins they hold, surpassing March’s figures. […]

AI translated

ForkLog 28 13.11.2024

Bitcoin Yet to Reach Profit-Taking Levels for Holders, Says Glassnode

Realized profits for both short-term and long-term Bitcoin holders remain below previous all-time highs ATH. According to Glassnode, under such circumstances, many investors are willing to wait for higher prices. #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 […]

AI translated

ForkLog 7 07.11.2024

Glassnode Identifies Key Factor for Bitcoin’s Post-Election Growth

Following a record high amid the US elections, Bitcoin is poised to maintain its growth trajectory due to an influx of fresh capital. In the wake of the highly anticipated US Presidential Election, #Bitcoin has broken to a new ATH of $75.4k. Under the surface, volatility continues to brew across option markets while on-chain capital […]

AI translated

ForkLog 58 24.10.2024

Glassnode Observes Growing Optimism Among Bitcoin Investors

Bitcoin prices have broken through several critical on-chain and technical resistances, approaching the upper boundary of a seven-month volatile sideways trend, according to a report by Glassnode. Specifically, the price surpassed the combined resistance of the 200 DMA and 111 DMA. The 365 DMA served as strong support during the correction in early August. Analysts […]

AI translated

ForkLog 8 16.10.2024

Coinbase Observes Cryptocurrency Market Reaching ‘Maturity’

In 2024, the digital asset market has reached ‘significant maturity’ due to increased trading volumes and on-chain activity, alongside billions of dollars flowing into crypto ETFs. This is highlighted in a report by Coinbase and Glassnode. Experts noted the accelerated popularization of stablecoins and Layer 2 solutions for the second-largest cryptocurrency by market capitalization. In […]

AI translated

ForkLog 32 16.10.2024

Glassnode Highlights Bitcoin’s Volatility Risks

Following Bitcoin’s ATH, a divergence between demand and “active supply” has intensified, historically signalling a period of heightened volatility, according to Glassnode. A notable divergence between supply and demand is emerging, with the #Bitcoin market being range-bound for over seven months. With low volumes across on-chain and futures markets and a HODLer-dominated environment, the scene […]

AI translated

ForkLog 15 09.10.2024

Glassnode Warns of Increased Volatility in Cryptocurrency Market

The cryptocurrency market may face heightened volatility due to liquidation risks and an uncertain macroeconomic landscape, according to Glassnode. Following a 10% price correction, the #Bitcoin market has rebounded back to the $63k level in an attempt to reclaim the critical Short-Term Holder cost-basis. Discover more in the latest Week On-Chain below?https://t.co/E3bufV5aaE pic.twitter.com/BUFi1friu9 — glassnode […]

AI translated

ForkLog 10 03.10.2024

Glassnode Highlights Resilience of BTC-ETF Holders Amid Market Correction

Investors remain confident in the long-term prospects of BTC-ETF, as indicated by moderate selling pressure amidst a “paper loss” on the average position, according to Glassnode. For the first time since the ATH, #Bitcoin has established a new technical higher high, as price bounced into the $66k region. Alongside this, there is a multitude of […]

AI translated

ForkLog 12 11.09.2024

Glassnode Warns of Potential Bitcoin Sales by Miners Amid Correction Risks

Bitcoin miners remain confident in the prospects of digital gold due to the rising hash rate, yet they may increase sales if further corrections occur. This is possible due to a general reduction in risk appetite, according to Glassnode. The competitiveness of the Mining landscape and their conviction in the #Bitcoin Network continues to rise, […]

AI translated

ForkLog 11 05.09.2024

New Investors Pose Risk to Bitcoin, Says Glassnode

The average new market participant is experiencing unrealized losses, which could increase selling pressure if the price of digital gold continues to correct, according to a report by Glassnode.

AI translated

ForkLog 10 28.08.2024

Glassnode Warns of Imminent Bitcoin Volatility Surge

The recent calm in the Bitcoin market is unlikely to last, with a period of heightened volatility expected, according to Glassnode. Market speculation remains relatively subdued for #Bitcoin, with investors locking in only marginal profit and losses, and a reset across perpetual swap markets. Historically, periods of quiet and calm market structure are short-lived, and […]

AI translated

ForkLog 12 21.08.2024

Bitcoin’s Dominance Climbs to 56% Amid Holder Resilience

The dominance of the leading cryptocurrency has surpassed 56%, driven by the steadfastness of long-term investors amid market turbulence, according to a report by Glassnode. #Bitcoin, as the leading digital asset, continues see its dominance expand, now commanding a staggering 56% of the total market capitalization. Supporting this, Bitcoin Long-Term Holders remain steadfast in their […]

AI translated

#Glassnode