Bitcoin Sees Resistance at $21K as Investors Record Losses of Over $7B: Glassnode
On-chain data shows investors exited positions acquired at much higher prices over the past three-day period. Original Source
Read MoreOn-chain data shows investors exited positions acquired at much higher prices over the past three-day period. Original Source
Read MoreData from Glassnode reveals a crossover in the Bitcoin NVT price model has recently taken place, something that has historically been bullish for the crypto’s price. Bitcoin NVT Price 28-Day Curve Has Crossed Above The 90-Day As per the latest weekly report from Glassnode, the BTC NVT price model has observed a
Read MoreThe price of Bitcoin (BTC) has been on the decline again recently, but new insights from blockchain analytics firm Glassnode show that up to 75% of Bitcoin addresses are in profit.In its Week-On Chain report published on Monday, April 11, Glassnode analyzed the number of Bitcoin wallets that are in
Read MoreCanadian Bitcoin exchange-traded fund (ETF) holdings have increased to all-time highs according to recent research, and spot-based products are leading the way.Canadian Bitcoin ETFs have increased their holdings by 6,594 Bitcoin (BTC) since January to reach an all-time high of 69,052 total BTC held.The Purpose Bitcoin ETF saw the biggest
Read MoreThe Bitcoin network’s on-chain activity still appears to be in a bear market as U.S. and E.U. buyers are struggling to stay ahead of sellers based in Asia.Blockchain analytics firm Glassnode’s latest report on the weekly activity of the Bitcoin (BTC) network shows that the price of the largest crypto
Read MoreOver the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains the predominant investing strategy.Uncertain macroeconomic headwinds are likely to have precipitated the increase in the sell-offs last week by long-term holders and shaken some short-term holders out
Read MoreBitcoin traders are pricing in uncertainty via the derivatives market. However, on-chain supply of the crypto remains stable, indicating the market is ready to “ride out the storm ahead.” according to a report by on-chain data provider Glassnode. Source
Read MoreSegWit has come a long way since its first appearance during the 2015–2017 blocksize war. However, despite its relative success as a Bitcoin upgrade, crypto exchanges including Binance and Gemini are still not committed to using SegWit addresses for sending Bitcoin (BTC). Implemented in 2017, Segregated Witness (SegWit) is a soft
Read MoreLet’s cut to the chase: Glassnode thinks we’re in a bear market. In their latest “The Week On-Chain” newsletter, the company tries to “establish the likelihood that a prolonged bear market is in play” by “using historical investor behaviour, and profitability patterns as our guide.” One thing’s for sure, the
Read MoreEther is being locked up in decentralized finance contracts at an accelerating rate this year, while the amount held on centralized exchanges continues to fall.On May 7, on-chain analytics provider, Glassnode, shared a chart comparing the number of Ether deposited in Ethereum-based smart contracts to the number of ETH held
Read More