Glassnode | ForkLog

ForkLog 16 02.11.2021

Glassnode analysts forecast further Bitcoin gains after consolidation

Moderate spending of 'old' coins combined with reduced leverage in the perpetual contracts market points to the continuation of the bullish case for Bitcoin, according to Glassnode.

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ForkLog 10 19.10.2021

Glassnode analysts report improvement in key metrics ahead of Bitcoin ETF launch

The derivatives market and on-chain metrics confirm market participants’ enthusiasm ahead of the launch of the first US Bitcoin futures ETF.

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ForkLog 9 12.10.2021

Analysts spot optimistic on-chain signals amid Bitcoin rally

Bitcoin's return to May highs is accompanied by positive trends in accumulation, hodler behaviour, and rising on-chain activity. Analysts at Glassnode have concluded as much.

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ForkLog 7 05.10.2021

Glassnode: Bitcoin rebounds from a strong accumulation zone

Bitcoin price jump after high on-chain activity in a range around September's low levels strengthened optimism about the prospects of digital gold in Q4 2021, according to Glassnode analysts.

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ForkLog 14 28.09.2021

Glassnode: Twitter and El Salvador Accelerate Lightning Network Development

The addition of a Twitter capability to accept donations in cryptocurrency and El Salvador's Bitcoin legalization led to unprecedented dynamics in the Lightning Network (LN) protocol metrics. Analysts from Glassnode shared their observations.

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ForkLog 30 21.09.2021

Glassnode: Evergrande uncertainty spurs hodlers to sell

Driven by the uncertainty surrounding Evergrande, the risk-off move prompted long-term Bitcoin holders to sell. However, price action and on-chain data proved broadly resilient, according to Glassnode analysts.

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ForkLog 29 14.09.2021

Glassnode: Recent Bitcoin slump did not shake long-term investors’ sentiment

The sharp pullback in Bitcoin price last week, driven by liquidations in the crypto-derivatives market, did not shake long-term investors' resolve to hold the coins they acquired.

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ForkLog 8 07.09.2021

Glassnode: miners did not derail market recovery after May correction

Last week miners sold 2,900 BTC, but that did not stop Bitcoin's rise above $50,000. On-chain metrics continued to indicate the predominance of 'accumulation' among traders and inflows of capital from institutional investors, according to the latest Glassnode report.

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ForkLog 10 24.08.2021

Glassnode: Bitcoin on-chain activity remains at historically low level

On August 23, Bitcoin prices rose for the first time since May to surpass the $50,000 mark. However, on-chain transaction activity (adjusted for entities) in the Bitcoin network remains at historically low levels — about 175,000 to 200,000 transactions per day, Glassnode said in its report.

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ForkLog 9 17.08.2021

Experts See Signs of the Crypto Market Moving into FOMO Mode

Mining pools are accumulating reserves, withdrawals from exchange wallets, and growth in net unrealized profit in the Bitcoin network as prices rise, suggesting a chance of a FOMO effect. This is the view of Glassnode analysts.

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ForkLog 10 27.07.2021

Glassnode: Bitcoin rally not underpinned by fundamentals

Bitcoin rally appears to be driven by liquidations in the crypto-derivatives market, with no improvement in on-chain metrics; Glassnode analysts urge caution.

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ForkLog 8 21.07.2021

Glassnode analysts weigh the arguments for and against the end of Bitcoin’s bear phase

On-chain activity in the Bitcoin network remains subdued, and long-term investor behavior is steady. Based on these and other observations, Glassnode analysts presented bullish and bearish scenarios for the future development of the situation.

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