{"id":23131,"date":"2025-04-17T13:10:02","date_gmt":"2025-04-17T10:10:02","guid":{"rendered":"https:\/\/forklog.com\/en\/glassnode-flags-bitcoins-remarkable-resilience-amid-a-trade-war\/"},"modified":"2025-04-17T13:10:02","modified_gmt":"2025-04-17T10:10:02","slug":"glassnode-flags-bitcoins-remarkable-resilience-amid-a-trade-war","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/glassnode-flags-bitcoins-remarkable-resilience-amid-a-trade-war\/","title":{"rendered":"Glassnode flags bitcoin\u2019s \u201cremarkable\u201d resilience amid a trade war"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>The current correction has deepened to 33%, compared with 50% or more in previous cycles.<\/li>\n<li>Most investors endured drawdowns of up to -23.6%; in earlier cycles, losses reached 61.8-78.6%.<\/li>\n<li>The share of coins in profit remains high at an equilibrium 75%.<\/li>\n<\/ul>\n<\/div>\n<p>Bitcoin trades above $80,000, keeping the drawdown this cycle well below those in previous periods, Glassnode said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The macroeconomic environment remains uncertain as global trade relations realign. Still, the performance of hard assets remains remarkable, with gold surging to new ATH of $3300 and <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> holding above $80k. Discover more in the latest Week On-Chain:<a href=\"https:\/\/t.co\/FWiMuimRUk\">https:\/\/t.co\/FWiMuimRUk<\/a> <a href=\"https:\/\/t.co\/W4136o3dgx\">pic.twitter.com\/W4136o3dgx<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1912601214468104441?ref_src=twsrc%5Etfw\">April 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Amid a volatility spike across US equities and Treasuries, bitcoin\u2019s price rebounded from $75,000 to $85,000, while the precious metal set a record above $3,300.<\/p>\n<p>As the world adapts to shifting trade relations, both instruments are functioning as globally neutral reserve assets, the analysts said.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1521-1024x576.png\" alt=\"1-1521\" class=\"wp-image-256852\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1521-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1-1521-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-1521-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/1-1521-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/1-1521.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>The current pullback from <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> has reached 33%, whereas in the past its typical magnitude was at least 50%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1078-1024x576.png\" alt=\"2-1078\" class=\"wp-image-256853\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1078-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/2-1078-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-1078-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/2-1078-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/2-1078.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>A more resilient demand profile and holder stamina are also reflected in a median pullback of 7%, versus 11-22% in prior bull runs.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-604-1024x576.png\" alt=\"3-604\" class=\"wp-image-256854\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/3-604-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/3-604-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/3-604-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/3-604-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/3-604.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>The positive trajectory of realized capital as a measure of the leading cryptocurrency\u2019s liquidity in a fraught macro backdrop is striking, the experts added.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-374-1024x576.png\" alt=\"4-374\" class=\"wp-image-256855\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/4-374-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/4-374-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/4-374-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/4-374-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/4-374.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>The volatility-adjusted Net Realized Profit\/Loss has reverted to its neutral median, suggesting the market is at a key decision point and is attempting to re-establish support within the current price range.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/5-229-1024x576.png\" alt=\"5-229\" class=\"wp-image-256856\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/5-229-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/5-229-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/5-229-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/5-229-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/5-229.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>A slowdown in inflows to the digital-asset ecosystem via stablecoins provides further evidence of a broader liquidity contraction.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/6-166-1024x576.png\" alt=\"6-166\" class=\"wp-image-256857\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/6-166-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/6-166-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/6-166-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/6-166-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/6-166.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>Unrealized losses climbed to a new ATH of $410 billion during the drop to $75,000. Most investors saw drawdowns to -23.6%. In earlier cycles, holders suffered far larger \u201cpaper\u201d losses in relative terms\u201461.8-78.6%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/7-106-1024x576.png\" alt=\"7-106\" class=\"wp-image-256858\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/7-106-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/7-106-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/7-106-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/7-106-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/7-106.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>Despite the rise in unrealized losses, the share of coins in profit remains elevated at an equilibrium 75%. In other words, most loss-making market participants are \u201cnew\u201d buyers who entered during the topping phase, the specialists said.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/8-75-1024x576.png\" alt=\"8-75\" class=\"wp-image-256859\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/8-75-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/8-75-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/8-75-768x432.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/8-75-1536x864.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/8-75.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Glassnode.<\/figcaption><\/figure>\n<p>Earlier, QCP Capital <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-fails-to-prove-itself-as-a-safe-haven-asset-experts-say\">questioned<\/a> bitcoin\u2019s status as a \u201csafe-haven\u201d asset.<\/p>\n<p>Earlier, TheMinerMag <a href=\"https:\/\/forklog.com\/en\/news\/public-bitcoin-miners-ramp-up-sales\">reported<\/a> an acceleration in miner coin sales to the highest level since October 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1273,1224,1150,1268],"class_list":["post-23131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-glassnode","tag-macroeconomics","tag-news-plus","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23131"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23130"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}