Glassnode
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📊📈 $BTC #Glassnode : Open Interest across both perpetual and fixed-term futures contracts has recorded a new ATH of $32.9B this week, suggesting a marked increase in aggregate leverage entering the system.
📊👀 $BTC #Glassnode : Net capital inflows into Bitcoin accelerated, increasing by $21.8 billion (+3.3%) over the past 30 days.
This suggests that liquidity is growing rapidly, and significant capital inflows support rising prices.
This suggests that liquidity is growing rapidly, and significant capital inflows support rising prices.
#Glassnode
Net capital inflows into the #bitcoin☀️ asset have accelerated, increasing by $21.8B (+3.3%) over the last 30 days. Resulting in the Realized Cap ticking up to a new ATH, reaching over $646B.
Suggesting that liquidity across the asset class is rising, & meaningful capital inflows support the price increase.
$BTC
Net capital inflows into the #bitcoin☀️ asset have accelerated, increasing by $21.8B (+3.3%) over the last 30 days. Resulting in the Realized Cap ticking up to a new ATH, reaching over $646B.
Suggesting that liquidity across the asset class is rising, & meaningful capital inflows support the price increase.
$BTC
According to Glassnode’s Bitcoin risk assessment:
⚫️Over 90% of BTC holders are profitable, signaling potential market demand exhaustion and increased rollback risk
⚫️Demand for BTC block space is growing
⚫️Over 90% of new investors are profitable, indicating high risk, with a recent downward trend
⚫️Transition from speculative ETF peaks to cautious trading suggests weakening profit-taking
⚫️Long-term holders face high risk with substantial unrealized profits, despite a steady trend over the last 7 days, signaling an early bull market stage
#TrendingTopic #Portal #MATIC #BTC #Glassnode
⚫️Over 90% of BTC holders are profitable, signaling potential market demand exhaustion and increased rollback risk
⚫️Demand for BTC block space is growing
⚫️Over 90% of new investors are profitable, indicating high risk, with a recent downward trend
⚫️Transition from speculative ETF peaks to cautious trading suggests weakening profit-taking
⚫️Long-term holders face high risk with substantial unrealized profits, despite a steady trend over the last 7 days, signaling an early bull market stage
#TrendingTopic #Portal #MATIC #BTC #Glassnode
Glassnode: Bitcoin ETF To Unlock $70B in New Demand
Glassnode estimates that up to $70 billion in new capital could flow into the Bitcoin market after the approval of a spot Bitcoin ETF. This projection is based on the assumption that 10% of money currently invested in major stock and bond ETFs would shift to a Bitcoin ETF, along with 5% of capital allocated to gold ETFs.
The report points to diminishing Bitcoin supply available for trading to meet this potential demand surge. Glassnode data shows the percentage of the Bitcoin supply held by short-term investors recently hit multi-year lows. Meanwhile, the share of long-term Bitcoin holders reached all-time highs above 76% in October.
#etf #Glassnode #BTC
$BTC $ETH $BNB
Glassnode estimates that up to $70 billion in new capital could flow into the Bitcoin market after the approval of a spot Bitcoin ETF. This projection is based on the assumption that 10% of money currently invested in major stock and bond ETFs would shift to a Bitcoin ETF, along with 5% of capital allocated to gold ETFs.
The report points to diminishing Bitcoin supply available for trading to meet this potential demand surge. Glassnode data shows the percentage of the Bitcoin supply held by short-term investors recently hit multi-year lows. Meanwhile, the share of long-term Bitcoin holders reached all-time highs above 76% in October.
#etf #Glassnode #BTC
$BTC $ETH $BNB
#Glassnode has reported that long-term Bitcoin holders, who had sold around 1 million BTC since late 2023, are now accumulating once again. This group has added approximately 70,000 BTC since the bottom of the cycle, as they see value in BTC's price consolidation above $60,000.
#BinanceLaunchpool #altcoins #BTC #MicroStrategy
#BinanceLaunchpool #altcoins #BTC #MicroStrategy
📊 $BTC #Glassnode : Each bitcoin bull cycle goes through a euphoric phase, signaling a market top. BTC has yet to see that euphoria in the current cycle!
📈 $ETH #Glassnode : Nearly 420,000 ETH have been sent to crypto exchanges in the last three weeks, worth around $1.47 billion.
According to Glassnode data, more than 16.366 million $BTC is currently in profit; This equates to 83.6% of circulating supply, the highest level since November 2021 (near all-time highs). But the size of unrealized profits held by investors is not enough to motivate long-term holders to sell.
#BTC #etf #Glassnode
#BTC #etf #Glassnode
📊 #Glassnode : With $BTC breaking through the $52K region, the Short-Term Holder cohort responded by locking in a Net Realized Profit / Loss of +$647M, the largest since the 2021 ATH formation.
#Investors do not want to sell #Bitcoin ... and sudden action towards crypto.
_The percentage of bitcoin's circulating supply that was last active on-chain at least a year ago has reached a record high of 70.35%, surpassing the previous peak of 69.35% in July, according to data tracked by blockchain analytics firm #Glassnode . The new all-time high reflects “strong belief in Bitcoin following the headwinds the currency experienced after hitting all-time highs in 2021,” according to #Reflexivity research.
$BTC
#FollowUsNow To see more news and details about digital currencies 💯✅🚀💵
_The percentage of bitcoin's circulating supply that was last active on-chain at least a year ago has reached a record high of 70.35%, surpassing the previous peak of 69.35% in July, according to data tracked by blockchain analytics firm #Glassnode . The new all-time high reflects “strong belief in Bitcoin following the headwinds the currency experienced after hitting all-time highs in 2021,” according to #Reflexivity research.
$BTC
#FollowUsNow To see more news and details about digital currencies 💯✅🚀💵
📊 $BTC #Glassnode : the level of 62000 is an important support/resistance zone - about 210k BTC were traded on it. The loss of this level may lead to a price drop to 51000.
👀 $BTC #Glassnode : Short-term holders have cumulatively moved $2 billion worth of BTC onto exchanges - the fourth largest move in 2 years
🔍 Key Level for $BTC : $66,200
According to #Glassnode data, approximately 410,000 $BTC were traded at this level, making it a significant point to watch.
#BTC🔥🔥🔥🔥🔥 #BTC☀️ #BTCUpdate
According to #Glassnode data, approximately 410,000 $BTC were traded at this level, making it a significant point to watch.
#BTC🔥🔥🔥🔥🔥 #BTC☀️ #BTCUpdate
📊 #Glassnode : trading volumes at 42500+- amounted to more than 1 million $BTC , this range may become an important support level.
🎢 #Glassnode : In terms of market sentiment, historically, after moving from capitulation to hope, optimism, and finally faith, $BTC has often experienced a short correction phase, but the trend is bullish globally and large-scale euphoria is still far from being reached. Long-term holders remain steadfast.
*The long-term peak in BTC has historically occurred 540 days after Halving
*The long-term peak in BTC has historically occurred 540 days after Halving
📊 #Glassnode report: Despite the modest increase in spending on old coins since the #ETF was approved, most long-term $BTC investors are still unwilling to part with their coins at current prices.
Network activity of organizations remains low, but the volume of money transferred within the network and, in particular, to exchanges remains stable and resembles previous bull market cycles.
Network activity of organizations remains low, but the volume of money transferred within the network and, in particular, to exchanges remains stable and resembles previous bull market cycles.
📊 #Glassnode : judging by the high volume trading and whale buying, the $41800 - 42500 zone in $BTC is now a very important support level as many of the institutional traders have an average breakeven price in this zone.
Navigating Bitcoin's High-Risk Territory: Insights from Glassnode and Grayscale on Post-Halving Opti
- Recent weeks witnessed heightened volatility in the market.
- Bitcoin surged towards the $50,000 mark amidst the turbulence.
- However, uncertainty and the looming possibility of sell-offs remain prevalent.
- Glassnode's MVRV ratio signals a concerning "high risk" landscape, hinting at potential profit-taking among long-term holders.
- Contrary data suggests that long-term investors might not be inclined to sell despite the risk.
- Grayscale holds a contrasting view, advocating for Bitcoin ETFs to lure in fresh investors and counterbalance miner selling post-halving.
Bitcoin is currently encountering resistance near the $49,000 mark but is inching closer to the significant $50,000 threshold amidst heightened volatility in recent weeks, as indicated by various metrics.
Market analysis suggests that Bitcoin may be on the cusp of entering the next phase of a bull market, supported by insights from Glassnode indicating increased attention and activity among long-term holders. However, this potential upward momentum is tempered by concerns of a looming sell-off and market uncertainty.
Glassnode's assessment, particularly through the MVRV ratio, suggests that Bitcoin is treading in a "high-risk" territory, indicating that long-term investors have accrued significant profits and could potentially initiate profit-taking actions. Despite this, indicators such as supply profitability and net unrealized profit/loss suggest that many investors are holding onto their positions, possibly in anticipation of further price appreciation.
Another factor influencing Bitcoin's future trajectory is the emergence of exchange-traded products (ETPs), particularly Bitcoin ETFs, which are anticipated to play a pivotal role in shaping the market dynamics, especially leading up to the upcoming halving event in April 2024.
The impending halving event, coupled with the influence of ETFs, has already begun to impact Bitcoin's price dynamics. Although the cryptocurrency recently flirted with the $50,000 mark, it faces resistance around the $48,969 level, with potential support seen around the 20-day EMA at approximately $44,557.
While Bitcoin appears poised for a potential breakout above $50,000, the possibility of a rejection at current levels necessitates caution, highlighting the inherent volatility and speculative nature of cryptocurrency investments. As always, investors are advised to conduct thorough research and exercise prudence in their financial decisions.
#Bitcoin #BTC #Glassnode #grayscale #cryptocurrency
$BTC
- Bitcoin surged towards the $50,000 mark amidst the turbulence.
- However, uncertainty and the looming possibility of sell-offs remain prevalent.
- Glassnode's MVRV ratio signals a concerning "high risk" landscape, hinting at potential profit-taking among long-term holders.
- Contrary data suggests that long-term investors might not be inclined to sell despite the risk.
- Grayscale holds a contrasting view, advocating for Bitcoin ETFs to lure in fresh investors and counterbalance miner selling post-halving.
Bitcoin is currently encountering resistance near the $49,000 mark but is inching closer to the significant $50,000 threshold amidst heightened volatility in recent weeks, as indicated by various metrics.
Market analysis suggests that Bitcoin may be on the cusp of entering the next phase of a bull market, supported by insights from Glassnode indicating increased attention and activity among long-term holders. However, this potential upward momentum is tempered by concerns of a looming sell-off and market uncertainty.
Glassnode's assessment, particularly through the MVRV ratio, suggests that Bitcoin is treading in a "high-risk" territory, indicating that long-term investors have accrued significant profits and could potentially initiate profit-taking actions. Despite this, indicators such as supply profitability and net unrealized profit/loss suggest that many investors are holding onto their positions, possibly in anticipation of further price appreciation.
Another factor influencing Bitcoin's future trajectory is the emergence of exchange-traded products (ETPs), particularly Bitcoin ETFs, which are anticipated to play a pivotal role in shaping the market dynamics, especially leading up to the upcoming halving event in April 2024.
The impending halving event, coupled with the influence of ETFs, has already begun to impact Bitcoin's price dynamics. Although the cryptocurrency recently flirted with the $50,000 mark, it faces resistance around the $48,969 level, with potential support seen around the 20-day EMA at approximately $44,557.
While Bitcoin appears poised for a potential breakout above $50,000, the possibility of a rejection at current levels necessitates caution, highlighting the inherent volatility and speculative nature of cryptocurrency investments. As always, investors are advised to conduct thorough research and exercise prudence in their financial decisions.
#Bitcoin #BTC #Glassnode #grayscale #cryptocurrency
$BTC
