Glassnode | ForkLog

ForkLog 8 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 9 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 27 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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ForkLog 59 03.04.2025

Glassnode Questions Bitcoin’s Reversal After Stabilizing Above $80,000

Despite the leading cryptocurrency holding above the demand zone of $76,000-$80,000, several on-chain metrics suggest this is a “hope rally” within a downtrend rather than a reversal, according to Glassnode. Analysts note that since late February, the cryptocurrency has been trading within this range. Each sell-off towards the lows has been met with a swift […]

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ForkLog 39 27.03.2025

Whales Acquire $11 Billion in Bitcoin

Large holders have acquired over 129,000 BTC in the past two weeks, according to analysts at Glassnode. The 30D position change for whales shows they’ve added +129K BTC since March 11 — with momentum picking up sharply over the past 2 days. That’s the largest accumulation rate since late August 2024, signaling growing confidence from […]

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ForkLog 13 13.03.2025

Ethereum Falls to Lowest Against Bitcoin Since May 2020

On March 13, the ETH/BTC exchange rate dropped to 0.0224, a level not seen since May 2020. Weekly ETH/BTC chart on Binance. Data: TradingView. According to Qiao Wang, co-founder of Alliance DAO, the current oversold level of Ethereum is comparable to the situation following the Terra collapse in 2021, the bear market of 2018, and […]

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ForkLog 17 12.03.2025

Analysts set out bitcoin’s potential bottom range amid the correction

Glassnode defines a fair-value range at $71,300–$91,900. CryptoQuant projects a drop to $63,000 if prices hold below $75,000. A raft of on-chain metrics points to capitulation among bitcoin’s short-term market participants and, alongside signs of weakening demand, to the establishment of a distribution phase after the ATH. That is the conclusion of Glassnode. A custom […]

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ForkLog 8 06.03.2025

Glassnode Identifies Critical Level for Bitcoin’s Return to Growth

For the leading cryptocurrency, the key lies in positioning around the $92,000 level, which aligns with the average “cost” of coins held by speculators. A failure by the bulls to regain control over this level could see the price drop to $71,000, according to Glassnode. Analysts view this area as one of interest, consistent with […]

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ForkLog 6 24.02.2025

Bybit Hack Fails to Disrupt Bitcoin’s Low Volatility Expectations

The implied volatility of the leading cryptocurrency remains near record lows, with the Bybit hack having little impact on market sentiment, according to observations shared by Glassnode. #Bitcoin’s 1-week realized volatility has collapsed to 23.42%, nearing historical lows. In the past four years, it has dipped lower only a few times — e.g., Oct 2024 […]

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ForkLog 5 12.02.2025

Glassnode Highlights Divergence Between Bitcoin and Altcoin Cycles

Despite Bitcoin’s sharp correction at the start of last week, bulls generally maintain control. For altcoins, the price plunge likely marked a bear market event, according to Glassnode experts. The digital asset market has encountered tumultuous waters in recent weeks, with investors experiencing sharp price falls, and locking in substantial losses. The Altcoin space was […]

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ForkLog 10 04.02.2025

CryptoQuant Highlights Market ‘Cleansing’ from Excessive Leverage

The last time such large-scale derivatives liquidations and a sharp reversal of the growing open interest trend were recorded was in August 2023, according to analysts at CryptoQuant. Experts noted that the situation clearly demonstrated the size of the investor group that was confident and full of positive expectations. Amid falling prices and worsening sentiment, […]

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ForkLog 10 31.01.2025

Glassnode Compares Current Bitcoin Bull Run to Previous Cycles

The current bitcoin bull market is less robust than its predecessors but shows similarities to the events of 2015-2018, leaving room for acceleration in the foreseeable future, according to Glassnode. Experts analyzed the price dynamics of the leading cryptocurrency relative to cycle lows and identified a decrease in the pace of price increases with each […]

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