🐳 $BTC #Glassnode : More recently, institutional grade custodians, and ETFs have entered the picture. The suite of 11 new US spot ETFs have now accrued a combined +887K BTC, making their combined balance the second largest Bitcoin pool in the world.

📊👀 $BTC #Glassnode : The invalidation of the realized STH price (~$64.2k) had signalled the acceleration of the June correction.

The price's return above this zone is a sine qua non for bull market continuation to watch over the next few days.

📊 #Glassnode report: After the German government has completely exhausted the possibilities for selling $BTC , it appears that in the near future Sales are expected to ease, as well as a renewed influx of demand to support the market.
Also, market profitability remains surprisingly high.

🤔 $BTC #Glassnode : The rise in Bitcoin prices coincides with a rise in cash-margined futures, indicating increased interest among institutional investors in hedging with cash settlements rather than futures backed by cryptocurrencies.

📊 #Glassnode : $BTC 's market cap increased by $1.13 trillion (+370%) since November 2022, and $ETH 's valuation rose by $354 billion (+267%) over the same period.

🤑 $BTC #Glassnode : More than 87% of traded bitcoins are in profit and have a value below the spot price.

📊 $BTC #Glassnode : If we look at performance indexed to the date of the Bitcoin halving, we can see that the current cycle is one of the worst performing.

📊 $BTC #Glassnode : Assessing the severity of bull market corrections by cycle, we can note an increased level of resilience during the current cycle. Currently, the largest drawdown has reached only -20.1%.

🎢 #Glassnode : $BTC is having one of the most significant accumulation periods in the last 3 years

📊 $BTC #Glassnode report:
▫️ The cryptocurrency market appears to be in the early stages of a typical three-phase cycle, in the pre-bull phase;
▫️ An increase in the supply of stablecoins suggests that liquidity is increasing, which could contribute to the next market rally;
▫️ Rising volatility and profitability indicators hint that the market is ripe for a correction

Regulatory scrutiny hits Binance USD stablecoin activity hard. Data firm Glassnode reports a record low in addresses sending and receiving BUSD.

#BUSD #Stablecoins #Binance #Glassnode

https://blockchainreporter.net/binance-usd-stablecoin-activity-hits-record-low-amid-regulatory-scrutiny/

📊 $BTC #Glassnode : $51,500 level may now become an important support or resistance zone - almost 500,000 BTC were bought at this level

📊$BTC #ETF #Glassnode report:
▫️ Some on-chain and derivatives indicators suggest that non-trivial BTC investors treated the approval of the BTC-ETF as a promotional event;
▫️ Some indicators have reached levels where past cycles encountered significant resistance;
▫️ The unrealized profit and loss rate of long-term BTC holders reached 0.55 this week, which is a significant positive and gives the average long-term investor a 55% unrealized profit;
▫️ The supply of long-term holders has decreased slightly from ATH (by 75k BTC since November)

Glassnode analysis reveals the potential impact of major supply source liquidations on Bitcoin's price as the asset now faces resistance at $31K.

#Glassnode $BTC #bitcoin

https://blockchainreporter.net/new-data-shows-potential-impact-of-major-supply-sources-liquidation-on-bitcoin/

📊 #Glassnode report for February:
- February 2024 represents a market characterized by strategic entry by institutional investors, healthy capital inflows as evidenced by rising realized capitalization, and a strategic balance between speculation and long-term holding behavior;
- NUPL is above the +1 STD range (~0.59), showing very high risk On the market;
- Potential is observed depletion of market demand;
- 90% of new investors make a profit.

#Glassnode : в #BTC наблюдается самый узкий за несколько месяцев рендж перед днем-Х по потолку госдолга США.

🎢 $BTC #Glassnode : Every time the Bitcoin #MVRV Ratio falls below its 90-day average since November 2022, it signals a prime BTC buying opportunity with an average gain of 67%.

This opportunity is upon us again, indicating it might be the perfect time to buy BTC.