Glassnode | ForkLog

ForkLog 8 16.10.2024

Coinbase Observes Cryptocurrency Market Reaching ‘Maturity’

In 2024, the digital asset market has reached ‘significant maturity’ due to increased trading volumes and on-chain activity, alongside billions of dollars flowing into crypto ETFs. This is highlighted in a report by Coinbase and Glassnode. Experts noted the accelerated popularization of stablecoins and Layer 2 solutions for the second-largest cryptocurrency by market capitalization. In […]

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ForkLog 29 16.10.2024

Glassnode Highlights Bitcoin’s Volatility Risks

Following Bitcoin’s ATH, a divergence between demand and “active supply” has intensified, historically signalling a period of heightened volatility, according to Glassnode. A notable divergence between supply and demand is emerging, with the #Bitcoin market being range-bound for over seven months. With low volumes across on-chain and futures markets and a HODLer-dominated environment, the scene […]

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ForkLog 13 09.10.2024

Glassnode Warns of Increased Volatility in Cryptocurrency Market

The cryptocurrency market may face heightened volatility due to liquidation risks and an uncertain macroeconomic landscape, according to Glassnode. Following a 10% price correction, the #Bitcoin market has rebounded back to the $63k level in an attempt to reclaim the critical Short-Term Holder cost-basis. Discover more in the latest Week On-Chain below?https://t.co/E3bufV5aaE pic.twitter.com/BUFi1friu9 — glassnode […]

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ForkLog 10 03.10.2024

Glassnode Highlights Resilience of BTC-ETF Holders Amid Market Correction

Investors remain confident in the long-term prospects of BTC-ETF, as indicated by moderate selling pressure amidst a “paper loss” on the average position, according to Glassnode. For the first time since the ATH, #Bitcoin has established a new technical higher high, as price bounced into the $66k region. Alongside this, there is a multitude of […]

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ForkLog 11 11.09.2024

Glassnode Warns of Potential Bitcoin Sales by Miners Amid Correction Risks

Bitcoin miners remain confident in the prospects of digital gold due to the rising hash rate, yet they may increase sales if further corrections occur. This is possible due to a general reduction in risk appetite, according to Glassnode. The competitiveness of the Mining landscape and their conviction in the #Bitcoin Network continues to rise, […]

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ForkLog 11 05.09.2024

New Investors Pose Risk to Bitcoin, Says Glassnode

The average new market participant is experiencing unrealized losses, which could increase selling pressure if the price of digital gold continues to correct, according to a report by Glassnode.

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ForkLog 10 28.08.2024

Glassnode Warns of Imminent Bitcoin Volatility Surge

The recent calm in the Bitcoin market is unlikely to last, with a period of heightened volatility expected, according to Glassnode. Market speculation remains relatively subdued for #Bitcoin, with investors locking in only marginal profit and losses, and a reset across perpetual swap markets. Historically, periods of quiet and calm market structure are short-lived, and […]

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ForkLog 12 21.08.2024

Bitcoin’s Dominance Climbs to 56% Amid Holder Resilience

The dominance of the leading cryptocurrency has surpassed 56%, driven by the steadfastness of long-term investors amid market turbulence, according to a report by Glassnode. #Bitcoin, as the leading digital asset, continues see its dominance expand, now commanding a staggering 56% of the total market capitalization. Supporting this, Bitcoin Long-Term Holders remain steadfast in their […]

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ForkLog 30 19.08.2024

Glassnode Reports 74% of Bitcoins Now Classified as ‘Hodling’

Despite a 21% correction in bitcoin from its ATH, 74% of coins have not been sold or moved in the past six months, according to data from Glassnode. Data: Glassnode. According to the HODL Waves chart, on August 11, the share of bitcoins held by long-term investors rose to 45%. Earlier, analysts noted that the […]

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ForkLog 13 14.08.2024

Bitcoin Market Sees a Return to HODLing, Say Experts

Amidst the indecision of Bitcoin investors following a sharp decline in early August, a clear return to long-term coin accumulation is evident, according to Glassnode. With the market currently digesting the largest #Bitcoin downtrend of the cycle, indecision amongst digital asset investors remains apparent. However, below the surface, a distinct return to HODLing and accumulation […]

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ForkLog 18 31.07.2024

Glassnode Assesses Potential Pressure from Mt.Gox Clients

The majority of Mt.Gox investors receiving payouts can be classified as hodlers, potentially mitigating the scale of selling pressure in the coming weeks, according to Glassnode. At the time of writing, the trustee of the bankrupt exchange has distributed just under 59,000 BTC out of 141,686 BTC (41%). The Mt.Gox payouts have surpassed the scale […]

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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. […]

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