Glassnode | ForkLog

ForkLog 9 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 10 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 9 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 7 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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ForkLog 15 04.04.2023

Glassnode: Regulatory pressure on Binance has not broken Bitcoin hodlers

The CFTC's lawsuit against Binance and its CEO Changpeng Zhao did not lead to a significant outflow of users from the platform, nor did it shake investors' confidence in the leading cryptocurrency. Analysts at Glassnode concluded as much.

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ForkLog 9 28.03.2023

Glassnode: Bitcoin investors confident of continued uptrend

Against the backdrop of the largest wave of profit-taking in Bitcoin since May 2022, most coins have remained relatively inactive. The majority of speculators are prepared to hold them for longer periods, according to Glassnode analysts.

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ForkLog 10 21.03.2023

Glassnode: Banking crisis pushed Bitcoin out of bear market

Bitcoin posted an impressive weekly gain of 35.8% thanks to emergency measures by leading central banks after a loss of confidence in banks. For digital gold, a structure reminiscent of early bull markets has formed, Glassnode emphasised.

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ForkLog 12 14.03.2023

Glassnode: US bank collapse rekindles demand for Bitcoin

The shutdowns of Silvergate Bank, SVB, and SBNY triggered temporary turbulence in stablecoins and underscored the significance of Satoshi Nakamoto's creation of Bitcoin. Glassnode reports.

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ForkLog 7 21.02.2023

Glassnode flags changes in Bitcoin investor behaviour

Bitcoin's price stays near the $25,000 psychological level despite U.S. regulatory pressure, with Glassnode analysts attributing this to a notable shift in market participant behavior.

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ForkLog 9 14.02.2023

Glassnode links Bitcoin network congestion to NFT emergence

The Ordinals phenomenon — a protocol for creating the first NFTs on the Bitcoin blockchain — has generated increased load on the network. Analysts at Glassnode highlighted this trend.

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ForkLog 16 07.02.2023

Glassnode notes transitional phase from bear to bull market

There is a cyclic transition in the Bitcoin market, driven by a sharp change in the balance of profits and losses. Glassnode analysts say as much.

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ForkLog 12 31.01.2023

Glassnode: Bitcoin recovers from the fallout of the FTX collapse

Strong spot-market demand and January short-covering spurred Bitcoin's biggest rally since October 2021. For the first time since the FTX collapse, futures moved into contango, and exchange outflows shifted to inflows.

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