#glassnode

Bitcoin ETF Outflows Hit Months-High While BTC Fights to Hold $80K

Bitcoin ETF outflows hit their worst seven-day average since mid-February, but this time BTC trades above $80K. Institutions sold into strength, not fear.

SharpLink: Ethereum Staking Volume Exceeds 85M ETH

The amount of Ethereum staked has surpassed 85 million ETH, accounting for more than 70% of the total supply of around 120 million ETH. This is according to data from the analytics platform Glassnode, highlighted by SharpLink.

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He…

As February began, bitcoin was trading around $80,000, with whales dipping their toes in while retail investors were running for the exits. Just one week later, bitcoin plunged to $60,000 on Feb. 5, and the market is now showing a broad shift toward accumulation across nearly all cohorts as investors start to see value. This change follows one of the most severe capitulation events in bitcoin’s…

Since the weekend’s slump, the bitcoin BTC$76,059.89 price has been constrained between $70,000 and $79,999 for five straight days. That’s a remarkably long time for a range in which the largest cryptocurrency has spent a relatively short span of time. In fact, bitcoin has spent about 35 days within that $10,000 bucket. Compared with other increments, it’s one of the least developed, underscoring…

Very large investors, or whales, holding 10,000 bitcoin or more are currently the only ones that are buying the largest cryptocurrency as prices plummet. All other holder groups are hitting the sell button, according to onchain data. This divergence is highlighted by Glassnode’s Accumulation Trend Score by wallet cohort, which measures the relative behavior of different entity sizes based on both…

As bitcoin BTC$93,757.20 tumbled in late November to nearly $80,000, the ratio between short-term holder supply in profit and short-term holder supply in loss fell to levels that have historically coincided with major or local bear market bottoms. On Nov. 24, the ratio declined to 0.013. Each previous instance of the ratio reaching this level has marked either a local bottom or the definitive…