Glassnode | Crypto

Bitcoin markets have started to turn bullish again, but data shows that a key “bull market threshold” has not been established yet. Bitcoin’s (BTC) rally to $76,000 revived market optimism for investors, but onchain data suggested that the move may still be part of an early-stage recovery defined by frequent periods of price volatility. According to Glassnode, BTC price has entered a relatively “open” zone between $72,000 and $82,000, where there’s less resistance. This range is particularly defined by the UTXO Realized Price Distribution (URPD), which highlights where the investors accumulated their coins. This means BTC may move more freely in the short term within this range, if the momentum holds. Read more

Bitcoin bounced back toward $69,000 on Feb. 25 after an intraday flush that printed lows in the low-$60,000s across multiple venues, liquidating nearly $500 million in short positions. The move keeps price inside the $60,000-$69,000 range that has defined February trading, according to Glassnode. Yet, it doesn't resolve the structural weakness that has characterized the […] The post Bitcoin surged toward $69,000 after a brutal flush, but Glassnode says one level decides if it fades appeared first on CryptoSlate.

Data from Glassnode shows loss-taking now outweighs profits, a shift rarely seen outside deep bear phases.

Bitcoin trades in a tight demand zone that formed in 2024, but previous bear market data suggests the channel will break and lead to new lows. Bitcoin’s (BTC) market structure shifted into a corrective phase after losing a key onchain valuation level in late January. Glassnode data shows that BTC's price is compressing within a 2024-era demand zone as liquidity conditions soften. At the same time, BTC's supply is steadily shifting into long-term, retail-linked wallets while exchange activity has cooled. This mix of technical and onchain data, along with the current capital rotation, may shape the next steps for Bitcoin price. Read more

Bitcoin and Ether ETFs have recorded sustained outflows since early November, which Glassnode says signals institutional disengagement. Bitcoin and Ether exchange-traded funds have seen a prolonged streak of outflows, indicating that institutional investors have disengaged with crypto, said the analytics platform Glassnode. Since early November, the 30-day simple moving average of net flows into US spot Bitcoin (BTC) and Ether (ETH) ETFs has turned negative, Glassnode said on Tuesday. “This persistence suggests a phase of muted participation and partial disengagement from institutional allocators, reinforcing the broader liquidity contraction across the crypto market,” it added. Read more

A recent analysis shed light on another correlation between the world’s largest cryptocurrency and stablecoin by market capitalization. Blockchain analytics provider Glassnode reported a “strong negative correlation” between Bitcoin’s and USDt’s activity over the last two years. In a Wednesday X post, Glassnode shared a comparison between Bitcoin’s (BTC) price and net flows of USDt (USDT) to exchanges starting in December 2023. According to the analysis, net outflows of USDT from exchanges coincided with increases in the price of BTC. “During euphoric phases, USDT typically flows out at –$100M to –$200M/day as investors lock in profits,” said Glassnode. “At the $126K peak [in October], net outflows reached >$220M (30D-SMA); A clear profit-taking signal now easing as flows turn positive again.” Read more

Ethereum holders move and sell their coins far more than Bitcoin holders, according to a new report from Glassnode.

Glassnode says bitcoin’s breakout to record highs came on the back of $2.2 billion in ETF inflows and steady accumulation from smaller holders, not speculative hype.

Despite potential risks, Bitcoin is likely to continue rising this year, though the same can’t be said for the vast majority of altcoins, according to the latest report by Coinbase Institutional and Glassnode. The post BTC’s Upwards Trajectory is Unshaken, But Few Altcoins Will Perform Well – Coinbase and Glassnode appeared first on Cryptonews.

Glassnode lead analyst James Check has raised concerns over the longevity of the corporate Bitcoin treasury strategy. The post Glassnode’s James Check Warns Bitcoin Treasury Boom Could Be Short-Lived appeared first on Cryptonews.

Bitcoin has surged to $104K, driven largely by spot market demand as derivatives activity declines, per Glassnode.