Glassnode | ForkLog

ForkLog 10 13.07.2021

Glassnode analysts report a drop in miner activity amid shrinking exchange balances

Balances of exchange wallets continue to decline for the third week in a row as miners’ net position moves into accumulation. Glassnode analysts concluded as much. The shift from distribution to holding coins has become characteristic for other categories of participants in the crypto market as well. As volatility squeezes out of the Bitcoin market, it is starting to feel like the calm before the storm. This week we analyse a range of metrics seeking bull/bear triggers for — Miners — Exchanges — Derivatives — Investors. Read more in The Week On-chain https://t.co/HHjjHethbY

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ForkLog 9 29.06.2021

Glassnode: Short-term investors sold Bitcoin at a loss of $3.83 billion

Last week, the volume of Bitcoin realized at a loss by short-term investors reached $3.83 billion. According to Glassnode, with long-term holders selling $383 million worth of coins at a profit, the total loss rose to a record $3.45 billion.

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ForkLog 13 22.06.2021

Glassnode: Activity in Bitcoin and Ethereum networks falls to annual lows

Measures of active users, on-chain value transferred, and transaction fees in Bitcoin and Ethereum networks hit new lows after the May correction, according to Glassnode analysts. Bitcoin on-chain activity has fallen dramatically this week, returning to levels not seen in a year. Simultaneously, a seismic shift is underway in the Bitcoin mining markets, as hash-rate falls and miners ramp up spending.

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ForkLog 11 08.06.2021

Glassnode: Bitcoin and Ethereum on-chain activity falls to 2018 levels

Metrics for active users, on-chain value transferred, and transaction fees in the Bitcoin network for the prior week fell to levels seen at the end of 2020 and the start of 2021. These observations were shared by Glassnode analysts.

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ForkLog 19 01.06.2021

Only twice was it worse: Bitcoin fell 34.5% in May

May 2021 proved to be the third-largest percentage drop in Bitcoin's price in the history of the premier cryptocurrency. BTC closed the past month down 34.5% at $37,340. In November 2018 the price of digital gold fell 37%, and in September 2011 by 40%.

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ForkLog 13 27.05.2021

Glassnode: DeFi sector resists panic on May 19

The DeFi sector showed resilience during the May 19 crash and extreme gas prices. This manifested in high activity on the DEX, robustness of liquidation and arbitrage mechanisms, and the pegging of stablecoins, according to Glassnode analysts.

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ForkLog 11 25.05.2021

Bitcoin holders register unprecedented losses as market rout deepens

From May 17 to 23, the volume of losses recorded by Bitcoin holders reached a historic high of $14.2 billion. The scale of capitulation surpassed previous records in March 2020 and in January–February 2018, according to Glassnode.

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ForkLog 16 18.05.2021

Glassnode: Long-term investors ramp up purchases during Bitcoin’s current correction

The current correction was driven by panicked selling among short-term investors, while long-term buyers were buying the dip. Analysts at Glassnode concluded as much.

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ForkLog 15 24.02.2021

Glassnode: Whales trimmed 140,000 BTC in February

Large holders of the first cryptocurrency could have booked profits at peak levels by selling 140,000 BTC in February, according to a Glassnode report.

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ForkLog 12 15.02.2021

Glassnode: Bitcoin market has exited the early phase of bull-market accumulation

The Bitcoin market has crossed the midpoint in the transition of supply from long-term holders to short-term holders.

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ForkLog 18 26.01.2021

Glassnode: Whales push Ethereum to new highs

Large Ethereum holders have created upward pressure on the price of the second-largest cryptocurrency, according to data from Glassnode.

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ForkLog 9 26.01.2021

Glassnode experts identify signs that Bitcoin’s correction is ending

Glassnode analysts, based on two on-chain metrics, forecast the end of the correction and the formation of a new bullish price impulse for Bitcoin.

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