Glassnode | ForkLog

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 […]

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ForkLog 30 19.08.2024

Glassnode Reports 74% of Bitcoins Now Classified as ‘Hodling’

Despite a 21% correction in bitcoin from its ATH, 74% of coins have not been sold or moved in the past six months, according to data from Glassnode. Data: Glassnode. According to the HODL Waves chart, on August 11, the share of bitcoins held by long-term investors rose to 45%. Earlier, analysts noted that the […]

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ForkLog 13 14.08.2024

Bitcoin Market Sees a Return to HODLing, Say Experts

Amidst the indecision of Bitcoin investors following a sharp decline in early August, a clear return to long-term coin accumulation is evident, according to Glassnode. With the market currently digesting the largest #Bitcoin downtrend of the cycle, indecision amongst digital asset investors remains apparent. However, below the surface, a distinct return to HODLing and accumulation […]

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ForkLog 20 31.07.2024

Glassnode Assesses Potential Pressure from Mt.Gox Clients

The majority of Mt.Gox investors receiving payouts can be classified as hodlers, potentially mitigating the scale of selling pressure in the coming weeks, according to Glassnode. At the time of writing, the trustee of the bankrupt exchange has distributed just under 59,000 BTC out of 141,686 BTC (41%). The Mt.Gox payouts have surpassed the scale […]

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ForkLog 3 26.07.2024

Ethereum and L2 Address Growth Analyzed by Experts

In the first half of the year, the number of daily active addresses (DAU) for Ethereum and its primary L2 solutions increased by 127%. These figures are presented in a joint report by Coinbase and Glassnode. According to GrowthePie, Linea, Base, and Arbitrum are the three main rollups with a combined DAU of 1.8 million. […]

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ForkLog 8 17.07.2024

Glassnode Assesses Impact of ETF Flows, Mt.Gox Payouts, and German Government Actions

The Bitcoin market has absorbed 48,000 BTC linked to the German government and is anticipating further sales from Mt.Gox clients. Analysts at Glassnode have examined these factors, as well as the role of ETFs. The #Bitcoin market recently absorbed over 48k BTC in sell-side sourced from the German Government. With Mt Gox distributions also on […]

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ForkLog 8 10.07.2024

Majority of Speculators Face Profit Losses, Experts Report

Bitcoin’s plunge into its deepest correction since the end of 2022, falling below the 200 DMA, has resulted in unrealized losses for a significant portion of short-term investors, according to Glassnode. Following several months of sideways price action, #Bitcoin has experienced its deepest correction since late 2022, trading below the 200DMA, and putting a significant […]

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ForkLog 12 03.07.2024

Key Levels That Could Revive Bitcoin’s Momentum

A decisive breakthrough of Bitcoin above $64,000 would return a significant volume of coins held by short-term investors to profitability, potentially reigniting its growth trajectory. This conclusion was reached by Glassnode. Analysts have warned of the potential for a strong directional price movement amid historically strong volatility compression. From the perspective of the MVRV ratio, […]

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ForkLog 23 19.06.2024

Glassnode: Bitcoin Awaits Decisive Price Movement to Break Stalemate

Bitcoin has entered a range-bound trading phase, sustained by sufficient demand to absorb partial coin distribution by hodlers. A decisive price movement in either direction is needed to invigorate the market, according to Glassnode. Despite choppy price action, the unrealized profit of #Bitcoin investors remains constructive. However, volumes across all market facets are declining markedly […]

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ForkLog 25 12.06.2024

Arbitrage Strategies Curb Bitcoin Growth Amid ETF Inflows

Despite significant inflows into BTC-ETFs, arbitrage strategies between spot and derivative markets are restraining buyer pressure, according to Glassnode. To substantiate and assess ETF demand, analysts compared the balance of product issuers (862,000 BTC) with other major exchange structures: Mt.Gox trustee = 141,000 BTC; US government = 207,000 BTC; all exchanges = 2.3 million BTC; […]

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ForkLog 18 05.06.2024

Renewed Interest in Bitcoin Purchases Observed by Analysts

After two months of sideways movement, digital gold has shown initial signs of a return to speculative activity, with potential for increased volatility. This conclusion was reached by Glassnode. Experts noted the sharp market reaction following reports of the movement of Mt.Gox BTC worth $9.8 billion. This could significantly impact several on-chain metrics. Adjusting for […]

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ForkLog 9 16.05.2024

Speculators’ Impact on Bitcoin’s Trend Reversal Unveiled by Experts

On-chain metrics — MVRV, SOPR, and realised losses — show a strong correlation with the formation of local lows in a bull market. This was demonstrated by Glassnode. According to analysts, a group of short-term investors is the dominant group realising losses. They decided to support this empirical observation by identifying periods of seller exhaustion […]

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