Glassnode | ForkLog

ForkLog 11 06.06.2023

Glassnode: SEC filing spurred 10,500 BTC outflow from Binance balances

Since the SEC filed charges against Binance, the exchange's Bitcoin balances have fallen by 10,500 BTC. Across the platform's history, there have been only 11 days when this figure was higher, according to Glassnode.

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ForkLog 11 06.06.2023

Analysts record a decline in risk appetite in the crypto market

Glassnode: low exchange volumes, the dominance of algorithmic trading in DeFi, and rising demand for USDT and BTC point to a preference for 'capital parking'.

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ForkLog 8 30.05.2023

Analysts forecast Bitcoin breakout from its current trading range

Glassnode: given extremely low volatility and narrow trading ranges, the Bitcoin market's current balance is likely to be breached soon.

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ForkLog 5 25.05.2023

Expert points to prospects for Bitcoin rally resuming

LookIntoBitcoin: Bitcoin's price fell to a ten-week low, but the technical setup still signals an uptrend.

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ForkLog 13 23.05.2023

Glassnode: Hodlers Await Bitcoin Rally Before Selling

Glassnode: tight BTC range coincided with extremely low on-chain value transfer. Most coins are dormant, waiting for higher prices.

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ForkLog 24 16.05.2023

Hype around BRC-20 tokens drives surge in Bitcoin miners’ revenues

Daily Bitcoin miner fee revenue per block, for the fifth time in history, surpassed the block reward from mining (6.25 BTC). Glassnode analysts attributed the development to the increased issuance of BRC-20 tokens.

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ForkLog 4 15.05.2023

Glassnode: Bitcoin addresses holding at least 1 BTC exceed one million

The number of Bitcoin addresses containing at least 1 BTC has surpassed 1 million, according to Glassnode.

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ForkLog 14 09.05.2023

Glassnode: 1.55m ETH withdrawal from staking had little impact on price

The withdrawal of 48,000 validators, totaling 1.55 million ETH, from the Beacon Chain deposit contract after activation of Shapella did not significantly affect the price of the second-largest cryptocurrency, according to Glassnode analysts.

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ForkLog 10 02.05.2023

Analysts dispute the influence of ‘old whales’ on Bitcoin’s price

Sell orders by 'new investors' at around the $30,000 level became the main factor in halting Bitcoin's rally. Rumors about Mt.Gox clients' sales, US government actions, and the revival of the 'ancient' 3,200 BTC led only to volatility, Glassnode said.

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ForkLog 11 25.04.2023

Glassnode: The $30,000 test undermined Bitcoin bulls’ confidence

The shift into 'profit' positions among Bitcoin speculators has made the picture of accumulation and distribution less straightforward. This has prevented the price from holding above $30,000, Glassnode noted.

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ForkLog 18 18.04.2023

Analysts say the bear market in Bitcoin has ended

Bitcoin price sits above an accumulation cluster of $16,000–$25,000, where most coins have moved to buyers. On-chain indicators show the bear phase in Bitcoin's market has ended, according to Glassnode.

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ForkLog 10 12.04.2023

Glassnode: Shapella sales likely to affect no more than 1% of staked ETH

Even in the most extreme scenario of mass withdrawals by Ethereum validators after the Shapella hard fork, the consequences would stretch over days and weeks. The update is more likely to bolster the staking industry, Glassnode believes.

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