Bitcoin’s price surge toward $100,000 has triggered record-breaking profit realization and intensified distribution activity among long-term holders, according to Glassnode and its researchers, Ukuria OC and Cryptovizart. Glassnode Insights: Bitcoin’s Rally Reveals a Record $2 Billion in Daily Profits As bitcoin (BTC) prices edge closer to six figures, long-term holders are actively redistributing their holdings. […]
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Since Bitcoin broke past its March high of $73,679, Bitcoiners have pulled $20.4 billion in realized profits, but Glassnode believes “further gains” may be on the horizon.
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Bitcoin’s recent price rally to $69,000 marked a notable shift, according to research from Glassnode and onchain analysts Ukuria OC and Cryptovizart. Bitcoin’s Rally to $69K: Glassnode’s Analysis on What’s Next for the Market The recent surge in bitcoin’s (BTC) spot price to $69,000 has brought relief to investors after months of stagnant trading, per […]
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Spot Bitcoin ETF demand soars to a six-month high, but BTC futures contract volumes “remain somewhat subdued” and could be a reason why the price is constrained.
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According to a recent joint report by Glassnode and Coinbase Institutional, the fourth quarter of 2024 is marked by an evolving landscape in the crypto markets. Researchers from both entities underscore the significance of these developments, driven by key metrics and trends shaping the broader industry. Institutional Insights Signal a Maturing Crypto Market in Q4 […]
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Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high “for the spread.”
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Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading.
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Range-bound price action shouldn’t obscure the fast progress being made in bringing institutions and users onchain, Coinbase and Glassnode said in a Q4 report.
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Bitcoin’s consolidation around $60,000 has investors sidelined, with a new price range needed to spark activity, according to an analyst.
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In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […]
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