Glassnode | ForkLog

ForkLog 17 24.01.2024

Shift in Interest Towards Altcoins Following ETF Approval

The approval of spot Bitcoin ETFs has become a classic “sell the news” event, leading to a capital rotation into Ethereum, Solana, and altcoins in general. This trend was analyzed by Glassnode. Analysts noted that after the collapse of FTX, Bitcoin’s dominance increased from 38.9% to 49.8% at the expense of stablecoins (whose share fell […]

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ForkLog 22 17.01.2024

Bitcoin’s Correction Linked to Profit-Taking by Holders, Say Analysts

The 18% pullback in Bitcoin over the weekend, following its rise to multi-year highs, was attributed to profit-taking, including from derivatives, after ETF news. This conclusion was reached by Glassnode. 2024 has opened with a roller-coaster ride for #Bitcoin, as ten new spot ETFs begin trading in US markets. The event was historic and chaotic, […]

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ForkLog 14 13.12.2023

Analysts point to prerequisites for Bitcoin consolidation around $36,000

Glassnode: roadmap of a number of on-chain indicators of 'fair value' suggests several months of volatility within +/- 50% around $36,000.

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ForkLog 18 06.12.2023

Glassnode: Bitcoin enters the acceleration phase of the bull market

Glassnode: Bitcoin has risen 141.6% year-to-date and more than twice as high as gold. Bitcoin remains dominant in the digital assets industry.

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ForkLog 7 29.11.2023

Analysts record first post-Shanghai decline in ETH staking

Glassnode: since October, Ethereum has seen a rise in exiting validators, reducing the number of ETH locked in staking and slowing issuance.

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ForkLog 10 21.11.2023

Glassnode: 83.6% of Bitcoin supply has moved into profit

Glassnode: the amount of BTC in 'paper' profit reached a peak since November 2021, but its average size is too small to trigger a wave of hodlers' position closures.

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ForkLog 21 13.11.2023

Analysts compare the pace of shrinking available Bitcoin supply with its issuance

The available supply of digital gold has fallen to all-time lows, and the pace of moving coins into long-term storage is about 2.5 times faster than the rate of issuance. Glassnode analysts say.

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ForkLog 8 08.11.2023

Glassnode: In anticipation of the halving and an ETF, hodlers have hoarded a record number of coins

Glassnode: despite the active rebound of digital gold since the start of the year, coin supply remains extremely limited due to hodlers' actions.

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ForkLog 11 02.11.2023

Experts point to nascent uptrend in Bitcoin price

Glassnode: corrections in Bitcoin and Ethereum were shallower than in the previous uptrend, allowing for capital inflows.

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ForkLog 10 31.10.2023

The number of profitable Bitcoin addresses hits historic high

The number of Bitcoin wallets in profit has surpassed 39 million. This marks a new record, according to Glassnode data.

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ForkLog 17 24.10.2023

Glassnode: Bitcoin clears a string of key resistance levels

Glassnode: Bitcoin hit a new high since the start of the year, breaking through key barriers near $28,000 as technical (200D MA, 200W MA) and on-chain in nature.

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ForkLog 12 19.10.2023

Analysts outline features of Bitcoin price recovery

The current Bitcoin market structure shows similarities to the recovery phase after bear-dominated periods in 2016 and 2019, according to Glassnode experts.

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