⛏ $BTC #Glassnode : Average miner revenue is now well below even the yearly average ($35M vs. 365 (SMA) - roughly $40M), which could indicate that miner capitulation is either in full swing or the peak of capitulation has passed.

📉 $ETH #Glassnode : Active withdrawal of Ethereum from exchanges resumed.

🐳 $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 : 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.

While providing details about the latest situation, Glassnode noted that the market of digital assets is continuously witnessing extremely low volatility.

$BTC #bitcoin #Glassnode

https://blockchainreporter.net/bitcoin-expresses-a-slow-and-gradual-increase-in-realized-capitalization-says-glassnode/

#Glassnode data reveals that long-term $BTC holders are unaffected by the regulatory uncertainty surrounding #Coinbase and #Binance

They continue to hold their Bitcoin assets despite the ongoing regulatory concerns surrounding these platforms.

In addition to this, Glassnode brought to the front that the Bitcoin miners traded a great amount of the mined Bitcoin tokens back in June.

$BTC #bitcoin #Glassnode

https://blockchainreporter.net/bitcoin-supply-at-us-platforms-jumps-after-etf-request-by-blackrock-says-glassnode/

#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

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📈 #Glassnode : The crypto market is witnessing an influx of approximately $83 billion, with $75 billion of this total being channeled directly into $BTC and $ETH !