Glassnode | ForkLog

ForkLog 35 16.07.2025

Analysts warn bitcoin is edging into an overheating zone

Bitcoin has yet to reach its peak. But the market is starting to exhibit overbought conditions that could later result in a sizable correction, according to researchers at several firms.

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ForkLog 32 02.07.2025

Cautious Optimism: 96.7% of Bitcoin Supply in Profit

As of late June, 96.7% of the supply of the leading cryptocurrency was in profit, indicating a high risk of volatility, according to a report by Glassnode. Percentage of Bitcoin supply in profit. Data: Glassnode. Historically, such high levels lead to selling pressure as the potential for profit-taking increases, researchers noted. The current situation reflects […]

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ForkLog 16 27.06.2025

Glassnode Analysts Highlight Signs of Bitcoin Market Fatigue

Since May, Bitcoin has remained in a consolidation zone, but without a resurgence in demand, new highs in the near term appear unlikely. This view was presented by Glassnode. On June 22, the leading cryptocurrency failed to hold the $99,000 level amid escalating conflict in the Middle East. Within two days, prices recovered following reports […]

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ForkLog 46 20.06.2025

Glassnode Analyzes Decline in Bitcoin On-Chain Activity

The decline in daily transactions on the Bitcoin network is largely attributed to a drop in non-financial operations and the growing dominance of major players, according to analysts at Glassnode. Despite #Bitcoin’s elevated price, a clear divergence has emerged between market valuation and network activity. In this report, we explore activity across both on and […]

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ForkLog 62 29.05.2025

Analysts spot Bitcoin whales shifting from accumulation to selling

Holders of wallets with balances of at least 10,000 BTC have shifted from buying to distributing coins, while investors with smaller positions continue to accumulate digital gold, according to CoinDesk. These conclusions stem from changes in the Accumulation Trend Score, which tracks the intensity of accumulation across address cohorts. For the largest holders, the reading […]

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ForkLog 20 13.05.2025

Why bitcoin is consolidating after testing $105,000

A lack of momentum-trader activity has led to bitcoin’s consolidation. The MVRV Z-Score sits well below peaks seen in previous bull cycles. Global liquidity (M2) is expanding rapidly. Breaking the $100,000 psychological level drew in “new” bitcoin buyers, while seasoned traders are cautious, Glassnode noted. $BTC Supply Mapping shows sustained strength in new demand. First-Time […]

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ForkLog 35 08.05.2025

Bitcoin’s realised capitalisation hits a record high — a sign of a new bull run?

The average purchase price for “new whales” was $91,922; they now control 52.4% of coins held by large holders. Bitcoin held in spot ETFs is nearing the record 1.182m BTC. Falling implied volatility has set the stage for abrupt price moves. On 8 May Bitcoin’s realised capitalisation reached a record $890.74bn — a potential sign […]

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ForkLog 48 02.05.2025

Glassnode Highlights Potential Sell-Off Risks as Bitcoin Approaches $100,000

The cumulative unrealized profit of long-term investors in the leading cryptocurrency has neared 350%, a level historically associated with increased selling activity. This scenario was outlined by Glassnode. According to experts, this metric will reach a critical level if the price continues to rise to $100,000. Source: Glassnode. “This will require significant demand to absorb […]

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ForkLog 7 25.04.2025

Experts Anticipate Bitcoin Surge Beyond $95,000

The bitcoin options market is dominated by calls with strikes at $95,000 for the end of April and May, indicating a sustained appetite for risk, according to observations shared by QCP Capital. Asia Colour — 25 Apr 25 1/ President Trump softened his stance this week—reassuring investors that Fed Chair Powell’s job is safe and […]

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ForkLog 7 17.04.2025

Glassnode flags bitcoin’s “remarkable” resilience amid a trade war

The current correction has deepened to 33%, compared with 50% or more in previous cycles. Most investors endured drawdowns of up to -23.6%; in earlier cycles, losses reached 61.8-78.6%. The share of coins in profit remains high at an equilibrium 75%. Bitcoin trades above $80,000, keeping the drawdown this cycle well below those in previous […]

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ForkLog 7 10.04.2025

Glassnode sizes up the impact of Trump’s tariffs on bitcoin’s outlook

Support for the first cryptocurrency is $76,000; resistance is $93,000. The market correction has pushed medium-term holders to sell. Selling pressure in bitcoin and Ethereum shows signs of exhaustion. A combination of on-chain metrics and technical indicators suggests the first cryptocurrency must reclaim $93,000 to restore upward momentum, Glassnode concludes. Tarrifs and Turmoil: the latest […]

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ForkLog 22 08.04.2025

Investors sold 36,000 BTC at a loss as bitcoin fell through $75,000

Support levels for the leading cryptocurrency are $69,000–$70,000 and $71,600. There is an active shift of coins from wallets to exchanges, including bitcoins that had been idle for three to five years. On technicals, the market looks oversold on RSI. On April 7, coins sold at a loss totalled 36,000 BTC (over $2.7bn). The catalyst […]

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