Glassnode
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đđ $BTC #Glassnode report:
âȘïž Spot price breaks above several key technical and on-chain price levels;
âȘïž All subgroups in the cohort of short-term holders now have unrealized gains, which is likely a tailwind for market sentiment;
âȘïž Open interest in the futures markets has also recently expanded, reaching a new ATH;
âȘïž CME's dominance highlights the growing presence of institutional investors in the digital asset space, with clear signs that a cash-and-carry strategy is in play.
âȘïž Spot price breaks above several key technical and on-chain price levels;
âȘïž All subgroups in the cohort of short-term holders now have unrealized gains, which is likely a tailwind for market sentiment;
âȘïž Open interest in the futures markets has also recently expanded, reaching a new ATH;
âȘïž CME's dominance highlights the growing presence of institutional investors in the digital asset space, with clear signs that a cash-and-carry strategy is in play.
Analysts assessed the behavior of BTC holders
In recent weeks, there has been an interesting dynamic in the #cryptocurrencymarket : short-term #bitcoinâïž holders have started to dominate in terms of profitability. According to the latest data from analytics platform #Glassnode , their Short-Term Holder Profit/Loss Ratio index has reached 1.2, exceeding the average value by one standardized value. This may indicate a positive shift in investor sentiment, which is especially important during times of market volatility.
A sharp rise in the index often indicates a return of optimism among short-term holders looking to profit from higher prices. Historically, such short-term profit spikes often serve as an indicator of potential market rallies. However, it is important to note that previous data shows mixed results, as the activity of short-term holders can also signal potential corrections.
The situation on the chart sets the stage for further gains as short-term investors continue to show interest in holding positions even with the current volatility. However, the current economic context and factors such as monetary policy tightening could make further adjustments.
The researchers noted that a similar dynamic was observed at the end of previous bull cycles, when short-term holders' activity was accompanied by increased demand for $BTC
bitcoin. However, the growth in short-term profitability this year is more moderate compared to previous cycles. This can be attributed to lower global cash flows and less interest in risky assets.
Another important factor has been the changing strategy of #Bitcoinâ holders. Some large investors prefer to preserve their holdings, expecting bitcoin to increase in value in the future. While short-term holders are locking in profits.
#TrumpDeFi
A sharp rise in the index often indicates a return of optimism among short-term holders looking to profit from higher prices. Historically, such short-term profit spikes often serve as an indicator of potential market rallies. However, it is important to note that previous data shows mixed results, as the activity of short-term holders can also signal potential corrections.
The situation on the chart sets the stage for further gains as short-term investors continue to show interest in holding positions even with the current volatility. However, the current economic context and factors such as monetary policy tightening could make further adjustments.
The researchers noted that a similar dynamic was observed at the end of previous bull cycles, when short-term holders' activity was accompanied by increased demand for $BTC
bitcoin. However, the growth in short-term profitability this year is more moderate compared to previous cycles. This can be attributed to lower global cash flows and less interest in risky assets.
Another important factor has been the changing strategy of #Bitcoinâ holders. Some large investors prefer to preserve their holdings, expecting bitcoin to increase in value in the future. While short-term holders are locking in profits.
#TrumpDeFi
đđ $BTC #Glassnode : There is a noticeable discrepancy between supply and demand as the Bitcoin market has been in a range for over seven months now.
Given the low volumes in the on-chain and futures markets, and a HODL-dominated environment, the stage is set for increased volatility in the near future.
Given the low volumes in the on-chain and futures markets, and a HODL-dominated environment, the stage is set for increased volatility in the near future.
đ $BTC #Glassnode : Short-Term Holders currently show a profit dominance with their Profit/Loss Ratio trading at 1.2. This metric has recently broken 1 standard deviation above its 90-day mean, signaling a potential positive shift in investor sentiment.
đ #Glassnode : $BTC outflows from CEX sharply intensified
In February, more than 69,244 BTC were withdrawn from known crypto exchange wallets worth over $3.60 billion.
In February, more than 69,244 BTC were withdrawn from known crypto exchange wallets worth over $3.60 billion.
đ± $BTC #Glassnode : Panic selling yesterday resulted in 111,000 BTC worth $5 billion being dumped. Of that, $4 billion were sold at a loss.
đ $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
đ #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.
Glassnode unveiled a major tightening of Bitcoin supply ahead of the fourth halving, pointing towards a potential surge in investor interest and accumulation.
#Glassnode #Bitcoin $BTC
https://blockchainreporter.net/bitcoin-supply-squeeze-glassnode-report-reveals-historic-lows-ahead-of-fourth-bitcoin-halving/
#Glassnode #Bitcoin $BTC
https://blockchainreporter.net/bitcoin-supply-squeeze-glassnode-report-reveals-historic-lows-ahead-of-fourth-bitcoin-halving/
đ #Glassnode : trading volumes at 42500+- amounted to more than 1 million $BTC , this range may become an important support level.
đ #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.
đ #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.
đ #Glassnode : historically, after moving from capitulation to hope, optimism and finally to belief, the $BTC rate has often experienced a short correction phase, which is again being seen now.
đą #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: 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
According to Glassnodeâs Bitcoin risk assessment:
â«ïžOver 90% of BTC holders are profitable, signaling potential market demand exhaustion and increased rollback risk
â«ïžDemand for BTC block space is growing
â«ïžOver 90% of new investors are profitable, indicating high risk, with a recent downward trend
â«ïžTransition from speculative ETF peaks to cautious trading suggests weakening profit-taking
â«ïžLong-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
â«ïžOver 90% of BTC holders are profitable, signaling potential market demand exhaustion and increased rollback risk
â«ïžDemand for BTC block space is growing
â«ïžOver 90% of new investors are profitable, indicating high risk, with a recent downward trend
â«ïžTransition from speculative ETF peaks to cautious trading suggests weakening profit-taking
â«ïžLong-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
đ $BTC #Glassnode : Short-term holders have cumulatively moved $2 billion worth of BTC onto exchanges - the fourth largest move in 2 years
#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 âstrong belief in Bitcoin following the headwinds the currency experienced after hitting all-time highs in 2021,â according to #Reflexivity research.
$BTC
#FollowUsNow To see more news and details about digital currencies đŻâ đđ”
_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 âstrong belief in Bitcoin following the headwinds the currency experienced after hitting all-time highs in 2021,â according to #Reflexivity research.
$BTC
#FollowUsNow To see more news and details about digital currencies đŻâ đđ”
đ $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!
