Glassnode | ForkLog

ForkLog 20 16.04.2024

Impact of Restaking on Ethereum’s On-Chain Metrics Analyzed by Experts

The introduction of restaking protocols EigenLayer and LRT has increased the share of ETH in staking to 26% of the total supply. Glassnode examined how this trend could affect Ethereum’s role as a monetary asset. Analysts recorded a rise in the total number of coins staked to 31.4 million ETH (as of April 13). Data: […]

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ForkLog 21 11.04.2024

Experts Note a Slowdown in Bitcoin Profit-Taking

In recent weeks, the pace of profit-taking by hodlers has decelerated. The market has reached a balance between long-term holders and the influx of fresh demand, according to Glassnode. Discover more in the latest Week On-Chain below?https://t.co/a0VGutY5x2 pic.twitter.com/hJceAii1T5 — glassnode (@glassnode) April 10, 2024 Experts illustrated the situation with a chart showing the average share […]

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ForkLog 8 02.04.2024

Experts Observe Redistribution of Dormant Bitcoins

The market has shifted to a mode where spending and profit-taking are the dominant price formation mechanisms. Approximately 1.875 million BTC (9.5% of the total in circulation) changed hands at prices above $60,000. Long-term Bitcoin investors are successfully executing a distribution cycle, realizing profits and activating “dormant” coins to meet new demand, according to Glassnode. […]

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ForkLog 14 27.03.2024

Bitcoin Holders Increase Sales Amid New Price Peaks

As Bitcoin reached a new ATH above $73,100, daily realized profits from Bitcoin positions exceeded $2.6 billion. According to Glassnode, this was driven by increased distribution from long-term investors. As the #Bitcoin market hits resistance at a new ATH of $73k, the Long-Term Holder cohort have ramped up their overall distribution pressure. The market is […]

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ForkLog 16 20.03.2024

Experts Assess Dencun’s Impact on Ethereum’s Monetary Policy

The successful activation of Dencun, introducing a new architecture for Layer-2 solutions and changes in the staking pool, is set to influence Ethereum’s monetary policy. These changes were analyzed by Glassnode. The Dencun upgrade has activated successfully, introducing a new architecture for Layer-2 solutions to anchor into the mainchain. It also introduces modifications to the […]

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ForkLog 11 13.03.2024

Glassnode Reports Bitcoin Holders Begin Selling After New All-Time High

Bitcoin’s rally above $70,000 has shifted the balance between long-term investors and speculators. Glassnode has detailed changes in on-chain metrics. In addition to the price, the realized capitalization metric also reached a new all-time high. This indicator, which assesses the “aggregate on-chain wealth,” has increased by $40 billion since March 1, reaching $504 billion. The […]

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ForkLog 9 06.03.2024

Glassnode Reports Increased Bitcoin Sales by Long-Term Holders as Price Nears All-Time High

Monthly sales by long-term investors have surged to 257,000 BTC as the price of the leading cryptocurrency approaches its all-time high, according to calculations by Glassnode. As #Bitcoin reached its ATH, a careful assessment reveals a nuanced interplay between exchange and ETF flows indicating market balance, alongside the start of the classic distribution pattern by […]

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ForkLog 12 05.03.2024

Glassnode Analyzes Bitcoin Halving’s Impact on Tokenomics

Daily issuance of new bitcoins will drop from 900 BTC to 450 BTC post-halving. Following previous events, prices increased by 460-7745% within a year. Spot Bitcoin ETFs will support upward pressure on prices. The upcoming halving in April will reduce the daily issuance of new bitcoins from 900 BTC to 450 BTC, affecting trading strategies, […]

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ForkLog 7 28.02.2024

Glassnode: Bitcoin Market Engulfed by Speculative Frenzy

The dynamics of capital flows, exchange activity, leverage in crypto derivatives, and institutional demand all point to a surge in risk appetite among Bitcoin investors, according to Glassnode. The risk appetite for #Bitcoin investors is increasing, with growing signs of speculation appearing across capital flows, exchange activity, derivatives leverage, and even institutional demand. Discover more […]

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ForkLog 15 13.02.2024

Whale Bitcoin Movements Detected by Experts

Since November 2023, long-term investors have withdrawn approximately 148,000 BTC from wallets. According to Glassnode, this trend indicates the start of profit-taking by this market segment. #Bitcoin investors have been rewarded for their patience and conviction, with BTC prices rallying to multi-year highs above $50k. The volume of supply held at a loss is also […]

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ForkLog 14 12.02.2024

Bitcoin Enters ‘High Risk’ Mode, Experts Warn

Glassnode identified a “risk zone” in the on-chain indicators system. Increased net inflow into spot Bitcoin ETFs has underpinned market recovery. Technical analysts warned of strong resistance at $50,000. Several on-chain indicators have entered what is termed a “risk zone,” potentially signaling the early stages of a bull market, according to Glassnode. Discover more in […]

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ForkLog 7 31.01.2024

Bitcoin’s Resilience Amid GBTC Sell-Off Highlighted by Experts

Net capital flows into spot Bitcoin ETFs have strengthened, despite the supply overhang caused by exits from the GBTC by Grayscale. This conclusion was reached by Glassnode. The Bitcoin market continues to show resilience, recovering from the initial sell-the-news drawdown following ETF approvals. In particular, the market is working through the significant supply overhead created […]

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