Glassnode | ForkLog

ForkLog 1 26.07.2024

Ethereum and L2 Address Growth Analyzed by Experts

In the first half of the year, the number of daily active addresses (DAU) for Ethereum and its primary L2 solutions increased by 127%. These figures are presented in a joint report by Coinbase and Glassnode. According to GrowthePie, Linea, Base, and Arbitrum are the three main rollups with a combined DAU of 1.8 million. […]

AI translated

ForkLog 6 17.07.2024

Glassnode Assesses Impact of ETF Flows, Mt.Gox Payouts, and German Government Actions

The Bitcoin market has absorbed 48,000 BTC linked to the German government and is anticipating further sales from Mt.Gox clients. Analysts at Glassnode have examined these factors, as well as the role of ETFs. The #Bitcoin market recently absorbed over 48k BTC in sell-side sourced from the German Government. With Mt Gox distributions also on […]

AI translated

ForkLog 7 10.07.2024

Majority of Speculators Face Profit Losses, Experts Report

Bitcoin’s plunge into its deepest correction since the end of 2022, falling below the 200 DMA, has resulted in unrealized losses for a significant portion of short-term investors, according to Glassnode. Following several months of sideways price action, #Bitcoin has experienced its deepest correction since late 2022, trading below the 200DMA, and putting a significant […]

AI translated

ForkLog 9 03.07.2024

Key Levels That Could Revive Bitcoin’s Momentum

A decisive breakthrough of Bitcoin above $64,000 would return a significant volume of coins held by short-term investors to profitability, potentially reigniting its growth trajectory. This conclusion was reached by Glassnode. Analysts have warned of the potential for a strong directional price movement amid historically strong volatility compression. From the perspective of the MVRV ratio, […]

AI translated

ForkLog 13 19.06.2024

Glassnode: Bitcoin Awaits Decisive Price Movement to Break Stalemate

Bitcoin has entered a range-bound trading phase, sustained by sufficient demand to absorb partial coin distribution by hodlers. A decisive price movement in either direction is needed to invigorate the market, according to Glassnode. Despite choppy price action, the unrealized profit of #Bitcoin investors remains constructive. However, volumes across all market facets are declining markedly […]

AI translated

ForkLog 15 12.06.2024

Arbitrage Strategies Curb Bitcoin Growth Amid ETF Inflows

Despite significant inflows into BTC-ETFs, arbitrage strategies between spot and derivative markets are restraining buyer pressure, according to Glassnode. To substantiate and assess ETF demand, analysts compared the balance of product issuers (862,000 BTC) with other major exchange structures: Mt.Gox trustee = 141,000 BTC; US government = 207,000 BTC; all exchanges = 2.3 million BTC; […]

AI translated

ForkLog 13 05.06.2024

Renewed Interest in Bitcoin Purchases Observed by Analysts

After two months of sideways movement, digital gold has shown initial signs of a return to speculative activity, with potential for increased volatility. This conclusion was reached by Glassnode. Experts noted the sharp market reaction following reports of the movement of Mt.Gox BTC worth $9.8 billion. This could significantly impact several on-chain metrics. Adjusting for […]

AI translated

ForkLog 8 16.05.2024

Speculators’ Impact on Bitcoin’s Trend Reversal Unveiled by Experts

On-chain metrics — MVRV, SOPR, and realised losses — show a strong correlation with the formation of local lows in a bull market. This was demonstrated by Glassnode. According to analysts, a group of short-term investors is the dominant group realising losses. They decided to support this empirical observation by identifying periods of seller exhaustion […]

AI translated

ForkLog 11 14.05.2024

Glassnode Advises Caution Amid Potential Bitcoin Sell-Off

On-chain indicators suggest that Bitcoin is experiencing a phase of consolidation and potential correction. Market participants should exercise caution, warned Glassnode. Experts proposed a system of metrics to track market trends and shifts: On-chain activity: an increase in these metrics usually correlates positively with price growth. Profitability: a trend of rising unrealized profits indicates periods […]

AI translated

ForkLog 18 08.05.2024

Glassnode Analyzes Bitcoin and Ethereum Divergence Post-Halving

The relatively poorer performance of Ethereum compared to Bitcoin following the halving is attributed to capital rotation, according to a new review by Glassnode. After the fourth historical reduction of miner rewards by half, the price of digital gold experienced an 11% correction, the deepest since the FTX collapse, dropping to a two-month low of […]

AI translated

ForkLog 27 30.04.2024

Bitcoin’s Price Floor Predicted Between $60,000 and $66,700

Bitcoin has entered a broad distribution phase after reaching a new ATH above $73,000. According to Glassnode, a price floor is currently forming between $60,000 and $66,700. Experts have concluded that the euphoria following the correction has weakened but is not yet exhausted. The Accumulation Trend Score metric illustrates how investor accumulation patterns relate to […]

AI translated

ForkLog 13 24.04.2024

Bitcoin’s Evolution Through the Lens of Halvings

Following the fourth halving, Bitcoin has definitively surpassed gold as the scarcest asset in terms of supply growth. Glassnode conducted a retrospective analysis of events from the perspective of price and fundamental network metrics. On April 20, the fourth halving occurred in the Bitcoin network. The block reward was reduced from 6.25 BTC to 3.125 […]

AI translated

#Glassnode