Glassnode: Bitcoin Dips Below $20,000, Triggering Miner and Hodler Capitulation
Bitcoin's drop below $20,000 sparked a new wave of deleveraging and liquidations affecting miners and long-term investors, according to Glassnode.Glassnode is a blockchain data and intelligence platform providing insights into cryptocurrency markets.
Glassnode: Bitcoin Dips Below $20,000, Triggering Miner and Hodler Capitulation
Bitcoin's drop below $20,000 sparked a new wave of deleveraging and liquidations affecting miners and long-term investors, according to Glassnode.
Glassnode: market downturn changes the behaviour of some bitcoin hodlers
A range of indicators suggests the market is entering the 'deepest phase of the bear market cycle'.
Glassnode: Most hodlers continue to accumulate Bitcoin positions
The Terra collapse pushed some long-term Bitcoin investors to realise losses, but many hodlers used the drop below $30,000 to increase their positions. Analysts at Glassnode concluded as much.
Glassnode: Uncertainty in the crypto market will persist
Weak on-chain metrics and broad investor concerns in the derivatives market hinder Bitcoin's recovery after a price slide since the end of March.
Glassnode: Bitcoin nears fair value amid UST collapse
Bitcoin traded about 10% below its fair value as it hit a 17-month low, amid the collapse of the UST stablecoin and related turbulence, according to a Glassnode report.
Glassnode flags positive shifts in Bitcoin’s fundamental metrics
Against a backdrop of waning activity in the bitcoin-derivatives market, constructive medium- and long-term trends are emerging, according to Glassnode analysts.
Glassnode analysts concede Bitcoin may have bottomed
Bitcoin has not been able to break out of the February-established range, but the process of redistributing coins from speculative investors to hodlers has already been completed. Glassnode did not rule out such a scenario.
Glassnode: profit-taking and subdued demand push Bitcoin back into its former range
Bitcoin did not confirm the upside breakout from consolidation due to a wave of profit-taking. The market still awaits a noticeable influx of funds or new users, Glassnode noted.
Glassnode notes continued Bitcoin accumulation trend among whales
Last week the trend of Bitcoin accumulation among various market participants continued.
Glassnode analysts say Bitcoin has entered the second half of the bear market
Despite numerous macroeconomic and geopolitical challenges, Bitcoin has likely entered the bear market's second half, according to Glassnode analysts.
Glassnode Analysts Warn of Impending Bitcoin Volatility Spike
The rise in implied volatility and higher leverage in the derivatives market point to a likely onset of sharp Bitcoin price swings, according to Glassnode analysts.
Glassnode analysts acknowledge potential final capitulation by Bitcoin investors
Geopolitical tensions and uncertainty around the Fed policy have cooled hodler accumulation of bitcoins. With a large share of coins in the red among short-term holders, a final capitulation cannot be ruled out, Glassnode said.We use cookies to improve the quality of our service.
By using this website, you agree to the Privacy policy.