@glassnode glassnode

Glassnode has introduced support for tokenized stocks, allowing for on-chain analytics of blockchain-based equities. The company's data shows that Bitcoin's derivatives landscape is shifting, with options open interest rivaling futures, and investors are positioning for upside. Additionally, Glassnode's data indicates that long-term holders are distributing coins, and the market is experiencing a leverage reset, with funding rates plummeting to historic lows.

Engagements: [------] #

[--] Week [-------] -50%
[--] Month [---------] +50%
[--] Months [----------] +41%
[--] Year [----------] +182%

Mentions: [--] #

[--] Week [--] -51%
[--] Month [---] +60%
[--] Months [---] +28%
[--] Year [---] +164%

Followers: [-------] #

[--] Week [-------] +0.08%
[--] Month [-------] +0.33%
[--] Months [-------] +3%
[--] Year [-------] +7.50%

CreatorRank: [-------] #

Social Influence

Social category influence cryptocurrencies #5072 finance 34.95% exchanges 0.97%

Social topic influence market #220, bitcoin #3821, onchain #33, $btc 11.65%, liquidity #1554, hedging #88, gamma #190, level 5.83%, sentiment #370, $6753t 4.85%

Top accounts mentioned or mentioned by @mr_lord @waifuvvu @cointelegraph @0xcryptochan @defi_warhol @chrizum86 @mpost_io @grok @achmadmuha97112 @chrisbeamish @arkinvest @stacy_muur @superalgos @neenon_990 @godbole17 @ms2capital @daf_global @eth0xava @bitflowcrypto @strykrai

Top assets mentioned Bitcoin (BTC) Ethereum (ETH)

Top Social Posts

Top posts by engagements in the last [--] hours

"$BTC NUPL is back in Hope/Fear (0.18) showing profit cushions are thin. This regime tends to be reactive: rallies meet sell pressure and downside can extend as conviction fades. Chart of the Week available below👇 https://glassno.de/4txMBRD https://glassno.de/4txMBRD"
X Link 2026-02-12T15:51Z 603.1K followers, 20.1K engagements

"Protection Is Getting Bid Skew moved from 6% to 18% in a month. That is not neutral positioning. The market is paying up for downside convexity not upside leverage. This rise in OI and IV is being driven by hedging flows. https://glassno.de/4qzx9BO https://glassno.de/4qzx9BO"
X Link 2026-02-13T14:44Z 603.1K followers, [----] engagements

"The monthly funding paid by longs in Bitcoin perpetuals has declined by 62% from $338M/month in mid-August to $127M/month now. This underscores a clear macro downtrend in speculative appetite as traders grow reluctant to pay interest to maintain long exposure. 📉 http://glassno.de/4oqXban http://glassno.de/4oqXban"
X Link 2025-11-04T13:57Z 603.1K followers, 43.3K engagements

"$ETH Spot ETFs are showing the first signs of life after weeks of steady outflows. Modest inflows are starting to return hinting at easing redemption pressure. A sustained move back into positive territory would signal improving demand into year-end. https://glassno.de/48HBugV https://glassno.de/48HBugV"
X Link 2025-12-11T16:17Z 602.6K followers, 198.4K engagements

"Any meaningful transition back toward a strong market rally should be reflected in liquidity-sensitive indicators such as the Realized Profit/Loss Ratio (90D-SMA). A sustained rise above [--] has historically signalled a renewal of liquidity inflows into the market. http://glassno.de/4rjg683 Historically the combination of Risk Index and Network Growth has been a powerful leading indicator for $BTC. Weve seen that a massive drop in Network Growth (1) paired with a High-Risk Environment (2) often precedes sustained bullish trends. With $BTC traditionally being https://t.co/XTLdzn3ZJx"
X Link 2026-01-28T12:44Z 602.6K followers, 118.2K engagements

"The nomination of Kevin Warsh as Fed Chair and a hotter-than-expected PPI triggered a hawkish shock pushing commodities and crypto lower. Heres what BTC options data says about positioning volatility and sentiment beneath the move"
X Link 2026-01-30T21:37Z 602.8K followers, 13.4K engagements

"Dealers Short Gamma The selloff was amplified by short gamma dealer positioning. As highlighted in Week On Chain dealers hedging with price made the market slippery accelerating downside as spot fell. https://glassno.de/4q9EtnE https://glassno.de/4q9EtnE"
X Link 2026-01-30T21:37Z 602.7K followers, [----] engagements

"Short Gamma Pocket at 80K There is a sizable $1.25B short gamma pocket around 80K. A clean break into this zone increases the risk of revisiting lower levels in the 70s as dealer hedging can intensify downside momentum. https://glassno.de/4q9EtnE https://glassno.de/4q9EtnE"
X Link 2026-01-30T21:37Z 602.8K followers, [----] engagements

"Front-End Vol Surge Implied volatility jumped as the selloff accelerated with short-dated IV leading the move. The extreme downside premium has since reset but IV remains elevated versus pre-move levels. https://glassno.de/4qTid2C https://glassno.de/4qTid2C"
X Link 2026-01-30T21:37Z 602.8K followers, [---] engagements

"🔄 Update: With the spot price plunging to $78.6K the key on-chain price models are as follows: 🔴 STH Cost Basis: $95.4K 🟡 Active Investors Mean: $87.3k 🟢True Market Mean: $80.5K --- Spot Price: $78.6K --- 🔵 Realized Price: $55.9K 📊 http://glassno.de/3XDy2xe 🔄 Update: With the spot price plunging to $87.3K the key on-chain price models are as follows: 🔴 STH Cost Basis: $96.5K 🟡 Active Investors Mean: $87.5k --- Spot Price: $87.3K --- 🟢True Market Mean: $80.7K 🔵 Realized Price: $56.0K 📊 https://t.co/mJ1JCnjTff http://glassno.de/3XDy2xe 🔄 Update: With the spot price plunging to"
X Link 2026-02-01T06:21Z 603K followers, 66.7K engagements

"Institutional sentiment remains constructive on Bitcoin. On-chain and market data supported by investor survey insights point to BTCs stronger relative footing than most of the altcoin market. Download the full Q1 report 👇 https://glassno.de/4qVN12y https://glassno.de/4qVN12y"
X Link 2026-02-03T19:06Z 602.8K followers, [----] engagements

"Hyperliquid positioning tells a clear story: Traders are net short [---] BTC. Entry heatmaps show shorts added from higher levels plus fresh shorts opening around $75k and current prices. Meanwhile long interest remains notably thin. http://glassno.de/4avfCWF http://glassno.de/4avfCWF"
X Link 2026-02-04T12:58Z 603K followers, 22.1K engagements

"The 3D-SMA of Net Realized Profit & Loss is now at $317M/day a regime last observed in December [----]. Loss realization has regained control liquidity is fading and patience is being tested. http://glassno.de/4tjaTyH http://glassno.de/4tjaTyH"
X Link 2026-02-04T17:12Z 603K followers, 21.6K engagements

"Bears In Control The $BTC bear market rages on as profitability resets realised losses rise spot demand stays weak and leverage unwinds. Options keep pricing elevated downside risk. Read the full Week On-Chain👇 https://glassno.de/469dce3 https://glassno.de/469dce3"
X Link 2026-02-04T19:02Z 602.9K followers, 26.5K engagements

"The $BTC capitulation metric has printed its second-largest spike in two years highlighting a sharp escalation in forced selling. These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning. https://glassno.de/3LSM2kJ https://glassno.de/3LSM2kJ"
X Link 2026-02-05T11:47Z 603K followers, 127.9K engagements

"🔄 Update: With the spot price plunging to $69.7K the key on-chain price models are as follows: 🔴 STH Cost Basis: $94.0K 🟡 Active Investors Mean: $86.8k 🟢True Market Mean: $80.1K ---- Spot Price: $69.7K ---- 🔵 Realized Price: $55.6K 📊 http://glassno.de/3XDy2xe 🔄 Update: With the spot price plunging to $78.6K the key on-chain price models are as follows: 🔴 STH Cost Basis: $95.4K 🟡 Active Investors Mean: $87.3k 🟢True Market Mean: $80.5K --- Spot Price: $78.6K --- 🔵 Realized Price: $55.9K 📊 https://t.co/mJ1JCnjTff https://t.co/LgPQm4W3ft http://glassno.de/3XDy2xe 🔄 Update: With the"
X Link 2026-02-05T14:09Z 602.9K followers, 31.8K engagements

"At $67.4k more than 9.3M bitcoins are underwater. This is the highest level since January [----]. 📉 http://glassno.de/4tBSTA3 http://glassno.de/4tBSTA3"
X Link 2026-02-05T17:28Z 603K followers, 40.8K engagements

"#Bitcoin's Yardstick has fallen to its lowest level on record pushing valuation into an unprecedented zone. Conditions like this have rarely persisted often marking periods where downside exhaustion meets long-term opportunity. https://glassno.de/45NLi75 https://glassno.de/45NLi75"
X Link 2026-02-06T14:24Z 602.9K followers, 22.7K engagements

"Bitcoin fell nearly 35% in [--] days then rebounded +15% from the low. Below is what BTC options data reveals about positioning volatility and sentiment beneath this sharp move"
X Link 2026-02-06T17:01Z 603K followers, 14K engagements

"Volatility Shock Short term implied volatility exploded late in the selloff. [--] week IV briefly pushed above 100% reflecting panic hedging in the final phase of downside pressure as traders rushed to buy protection. https://glassno.de/46s8nfN https://glassno.de/46s8nfN"
X Link 2026-02-06T17:01Z 602.8K followers, [----] engagements

"DVOL Stays Elevated Volatility stress peaked with the price low. DVOL has since eased but remains near [--] versus high 40s last week. This suggests the market is still fragile and adjusting to a higher volatility regime. https://glassno.de/4qYp4HT https://glassno.de/4qYp4HT"
X Link 2026-02-06T17:01Z 602.7K followers, [----] engagements

"Crash Protection Pricing 1W and 1M [--] delta skew reached levels last seen in [----] with puts trading around a 28% premium. This is the price of urgent crash insurance. https://glassno.de/3LVmZgV https://glassno.de/3LVmZgV"
X Link 2026-02-06T17:01Z 602.6K followers, [---] engagements

"Put Volume Still Leads Over the past week the BTC put call volume ratio stayed mostly above [--] and currently sits near [---]. This signals persistent downside demand with only early signs of rebalancing emerging since this morning. https://glassno.de/4rsxreO https://glassno.de/4rsxreO"
X Link 2026-02-06T17:01Z 602.8K followers, [---] engagements

"Short-Term Carry Holds 1W realized volatility surged but implied volatility rose even more keeping the volatility risk premium positive. Carry means implied stays above realized. If realized volatility cools from here short option carry remains favorable into expiry. https://glassno.de/4a1cEsV https://glassno.de/4a1cEsV"
X Link 2026-02-06T17:01Z 603K followers, [----] engagements

"🔄 BEAR MARKET ASSESSMENT UPDATE: As noted in the quoted thread around Halloween on-chain investor behaviour signalled a potential transition into a bear market. Over the [---] days after price has seen an additional 45% ($110k -- $60k) contraction. Using the same set of metrics we can now assess how severe this bear market truly is. 🎃 Halloween Market Check To play devils advocate against the widespread denial typical of early bear markets well explore a few key metrics that hint this correction could prove longer and deeper than many expect. 🧵 Lets dive in. 🎃 Halloween Market Check To play"
X Link 2026-02-07T02:32Z 603K followers, 45.2K engagements

"This chart tracks the cumulative profit realized by Long-Term Holders (LTHs) from each cycles ATH toward the eventual top. Since Nov [--] LTHs have realized an additional 318k BTC in profit an unusually large distribution into market weakness adding sustained downside pressure. That said LTH supply has been growing since early December signaling a slowdown in LTH spending. http://glassno.de/4kmUBAZ http://glassno.de/4kmUBAZ"
X Link 2026-02-07T02:32Z 602.8K followers, [----] engagements

"At $70k the unrealized loss in the market equals 16% of the market cap. Current market pain echoes a similar structure seen in early May [----]. 📉 http://glassno.de/4aqd4Ik Despite the bearish sentiment Unrealized Loss at $107K is only equivalent to 1.3% of Bitcoins market cap. In mild bear markets this typically exceeds 5% and in severe ones it exceeds 50%. 👉 The market pain is still far from what defines a true bear phase. https://t.co/SaQ1rlh9nl http://glassno.de/4aqd4Ik Despite the bearish sentiment Unrealized Loss at $107K is only equivalent to 1.3% of Bitcoins market cap. In mild bear"
X Link 2026-02-09T12:50Z 603.1K followers, 50.5K engagements

"Read the full Market Pulse for all on-chain + off-chain insights: https://glassno.de/4bKIxHy https://glassno.de/4bKIxHy"
X Link 2026-02-09T13:27Z 603.1K followers, [----] engagements

"Volatility Repricing As Open Interest rebuilds volatility is being repriced higher. 1M and 3M ATM IV have risen by roughly [--] vol points over the past weeks. Despite consolidation traders are pricing larger forward moves. https://glassno.de/4ajiVAs https://glassno.de/4ajiVAs"
X Link 2026-02-13T14:44Z 603.1K followers, [----] engagements

"The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. 📉 http://glassno.de/4qipTdW ETF flows still show no renewed demand. The 30D-SMA of netflows for both Bitcoin and Ethereum ETFs remains negative. 📉 https://t.co/FDkkVZ0oUA https://t.co/HCo5f32T0c http://glassno.de/4qipTdW ETF flows still show no renewed demand. The 30D-SMA of netflows for both Bitcoin and Ethereum ETFs remains negative. 📉 https://t.co/FDkkVZ0oUA https://t.co/HCo5f32T0c"
X Link 2026-01-26T22:07Z 603.1K followers, 56.6K engagements

"The XRP Realized Price is trading at $1.48. The current market structure is very similar to that of April [----]. 📉 http://glassno.de/49Qh066 The current market structure for XRP closely resembles that of February [----]. Investors active over the 1W1M window are now accumulating below the cost basis of the 6M12M cohort. As this structure persists psychological pressure on top buyers continues to build over time. https://t.co/cQoeFGuQl4 http://glassno.de/49Qh066 The current market structure for XRP closely resembles that of February [----]. Investors active over the 1W1M window are now"
X Link 2026-02-01T06:40Z 603.1K followers, 55.3K engagements

"The Realized Profit/Loss Ratio (90D-SMA) continues to trend lower (1.5) moving closer to [--] reflecting progressively thinner liquidity conditions. A sustained break below [--] has historically coincided with broad-based capitulation where realized losses dominate profit-taking across the market. http://glassno.de/4rjg683 Any meaningful transition back toward a strong market rally should be reflected in liquidity-sensitive indicators such as the Realized Profit/Loss Ratio (90D-SMA). A sustained rise above [--] has historically signalled a renewal of liquidity inflows into the market."
X Link 2026-02-03T18:33Z 603.1K followers, 66.8K engagements

"Bitcoin continues to stand out as cryptos structurally strongest asset. Our latest Charting Crypto report with @CoinbaseInsto outlines how market structure positioning and risk are shaping the Q1 [----] setup across digital assets"
X Link 2026-02-03T19:06Z 603.1K followers, 39.3K engagements

"#Bitcoin recovers to $69K after sharp downside repricing. Positioning remains defensive across spot derivatives and on-chain metrics with recovery dependent on renewed spot demand. Read more in this weeks Market Pulse👇 https://glassno.de/4bKIxHy https://glassno.de/4bKIxHy"
X Link 2026-02-09T13:27Z 603.1K followers, 19K engagements

"On-chain signals are mixed. Fundamental activity is strengthening but capital flows and profit/loss conditions continue to weaken signalling soft demand and limited profitability despite improving underlying network engagement"
X Link 2026-02-09T13:27Z 603.1K followers, [----] engagements

"XRP lost its aggregate holder cost basis triggering panic selling. SOPR (7D EMA) fell from [----] (Jul 25) to [----] (now) Holders are realizing significant losses On-chain profitability flipped negative This setup closely resembles the Sep 2021May [----] phase where SOPR plunged to a [--] range for prolonged consolidation before stabilization. 📉 http://glassno.de/3O4vYwO The XRP Realized Price is trading at $1.48. The current market structure is very similar to that of April [----]. 📉 https://t.co/AndYLGOE7w https://t.co/QyDb54RuIE http://glassno.de/3O4vYwO The XRP Realized Price is trading at $1.48."
X Link 2026-02-09T16:24Z 603.1K followers, 61.1K engagements

"Assuming the early October ATH marked the end of the recent bull market this cycle saw very modest drawdowns similar to the [--------] market. 📈 http://glassno.de/3ZuY5Yr http://glassno.de/3ZuY5Yr"
X Link 2026-02-11T00:35Z 603.1K followers, 21.4K engagements

"🔄UPDATE: The Realized Profit/Loss Ratio (90D-SMA) continues to trend lower (1.32) approaching [--] echoing diminishing liquidity. Historically a sustained break below [--] has overlapped with broad-based capitulation where realized losses outpace profit-taking across the market. http://glassnode.de/4rjg683 The Realized Profit/Loss Ratio (90D-SMA) continues to trend lower (1.5) moving closer to [--] reflecting progressively thinner liquidity conditions. A sustained break below [--] has historically coincided with broad-based capitulation where realized losses dominate profit-taking"
X Link 2026-02-11T00:54Z 603.1K followers, 38.8K engagements

"Structural Weakness Bitcoin remains defensive in the $60k$72k zone while overhead supply caps rallies. Treasury outflows reactive spot volume and cooling futures signal shallow demand. Read the full Week On-Chain👇 https://glassno.de/4ksUSCi https://glassno.de/4ksUSCi"
X Link 2026-02-11T18:32Z 603.1K followers, 26.7K engagements

"🔄 UPDATE: The 30-day SMA of net flows for both Bitcoin and Ethereum spot ETFs has been negative for most of the last [--] days. There is no sign of renewed demand. 📉 http://glassnode.de/4qipTdW The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. 📉 https://t.co/FDkkVZ0oUA https://t.co/ubcsItha10 http://glassnode.de/4qipTdW The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. 📉 https://t.co/FDkkVZ0oUA https://t.co/ubcsItha10"
X Link 2026-02-12T14:17Z 603.1K followers, 27.2K engagements

"Bitcoin is consolidating in a 65k to 73k range after extreme volatility earlier this month. Price looks calm. The options market does not. Heres what BTC options data reveals about positioning volatility expectations and sentiment beneath the move"
X Link 2026-02-13T14:43Z 603.1K followers, 14.1K engagements

"Open Interest Rebuild BTC options OI is climbing back toward its late Q4 [----] high reached before the large Friday expiry. Open Interest now sits at 452k BTC vs 255k BTC right after the Dec [--] expiry. https://glassno.de/3Od8DJq https://glassno.de/3Od8DJq"
X Link 2026-02-13T14:44Z 603.1K followers, [----] engagements

"Flows Are Starting To Rebalance Since the drop from 82k put buying dominated flows. In the last two days call activity has picked up pushing the Put Call ratio toward [---]. Short term positioning is stabilizing. But the broader structure remains defensive. https://glassno.de/3MwPpxL https://glassno.de/3MwPpxL"
X Link 2026-02-13T14:44Z 603.1K followers, [----] engagements

"Options Are Not Expensive 1M implied volatility is now below realized volatility. BTC has been moving more than options were pricing. If realized volatility remains elevated implied volatility may need to adjust higher. That creates upward pressure on IV rather than room for it to compress. https://glassno.de/4bNEXfI https://glassno.de/4bNEXfI"
X Link 2026-02-13T14:44Z 603.1K followers, [----] engagements

"Dealers Are Short Gamma Dealers sit short gamma between 58k and 74k with concentration near 63k. In this setup hedging flows reinforce price moves. That increases sensitivity to directional breaks especially to the downside. Structure still favors larger reactions. https://glassno.de/3OEHxee https://glassno.de/3OEHxee"
X Link 2026-02-13T14:44Z 603.1K followers, [----] engagements

"Wrap Up OI is rebuilding. IV has shifted higher. Skew shows protection demand. Flows are stabilizing. Dealers remain short gamma. Beneath consolidation the market structure is still fragile and reactive"
X Link 2026-02-13T14:44Z 603.1K followers, [----] engagements

"🔄 Update: With the spot price trading at $68.8K the key on-chain price models are as follows: 🔴 STH Cost Basis: $90.9K 🟡 Active Investors Mean: $85.8k 🟢True Market Mean: $79.0K ---- Spot Price: $68.8K ---- 🔵 Realized Price: $54.9K 📊 http://glassno.de/3XDy2xe 🔄 Update: With the spot price plunging to $69.7K the key on-chain price models are as follows: 🔴 STH Cost Basis: $94.0K 🟡 Active Investors Mean: $86.8k 🟢True Market Mean: $80.1K ---- Spot Price: $69.7K ---- 🔵 Realized Price: $55.6K 📊 https://t.co/mJ1JCnkr4N https://t.co/1y0efkd2wm http://glassno.de/3XDy2xe 🔄 Update: With the"
X Link 2026-02-16T01:05Z 603.1K followers, 29.5K engagements

"#Bitcoin spent the past week rebounding to $70K and stalling into the high $60Ks. The structure still looks reactive with attempts to recover meeting overhead supply and follow-through remaining limited. Read more in this weeks Market Pulse👇 https://glassno.de/4aBgpUX https://glassno.de/4aBgpUX"
X Link 2026-02-16T16:00Z 603.1K followers, [----] engagements

"Off-chain signals are mixed. Spot indicators are rising into moderate territory but futures and ETF indicators are declining and remain low signalling cautious leverage and weaker institutional participation. Options are also slipping keeping risk appetite muted"
X Link 2026-02-16T16:00Z 603.1K followers, [---] engagements

"Defending $100k Bitcoin stabilizes near $100K after losing key cost-basis levels with fading demand and long-term holder selling. With ETF outflows and cautious options positioning markets remain oversold. Read the full Week On-Chain below👇 https://glassno.de/47syODb https://glassno.de/47syODb"
X Link 2025-11-05T18:25Z 603.1K followers, 59.1K engagements

"Altcoin relative profits are stabilizing in deep capitulation territory with only 5% of supply in profit while Bitcoins profits have just begun to decline sharply. This unusual divergence between BTC and alts is unprecedented in prior cycles. 📉 https://glassno.de/4a0zsJs https://glassno.de/4a0zsJs"
X Link 2025-11-15T12:15Z 603K followers, 92.4K engagements

"Liquidity can be assessed through several measures including the Realized Profit-to-Loss Ratio (30D-SMA). For Solana this ratio has traded below [--] since mid-November meaning realized losses now exceed realized profits. This signals that liquidity has contracted back to levels typically seen in deep bear markets. 📉 http://glassno.de/3MoCPAt A key lesson in alt positioning: when liquidity ignites the move is fast. $SOL is under a full liquidity reset setting a new liquidity cycle as in past bottoming phases. Forced selling exhausts the ecosystem cleans from the inside out and SOL begins"
X Link 2025-12-10T00:49Z 601.7K followers, 41.6K engagements

"Unrealized losses across the crypto ecosystem have recently climbed to $350B including $85B in BTC alone. With multiple on-chain indicators signalling shrinking liquidity across the board the market is likely entering a high-volatility regime in the weeks ahead. http://glassno.de/4oRkiua http://glassno.de/4oRkiua"
X Link 2025-12-11T17:33Z 602.5K followers, 25.5K engagements

"ETF flows still show no renewed demand. The 30D-SMA of netflows for both Bitcoin and Ethereum ETFs remains negative. 📉 http://glassno.de/4qipTdW Since early November the 30D-SMA of net flows into both Bitcoin and Ethereum ETFs has turned negative and remained so. This persistence suggests a phase of muted participation and partial disengagement from institutional allocators reinforcing the broader liquidity contraction https://t.co/1aglRpQqD9 http://glassno.de/4qipTdW Since early November the 30D-SMA of net flows into both Bitcoin and Ethereum ETFs has turned negative and remained so. This"
X Link 2026-01-01T02:26Z 601.6K followers, 73.9K engagements

"Long-term $BTC holder distribution has decelerated. Net outflows have rolled over from extreme levels indicating that the market is progressively absorbing long-held supply and that a large portion of overhead supply may now be largely worked through. https://glassno.de/3ZdVEct https://glassno.de/3ZdVEct"
X Link 2026-01-12T13:10Z 601.7K followers, 147.9K engagements

"$BTC consolidates after rejection from the upper-$90Ks as momentum cools and RSI slips back into neutral. Price remains range-bound across the mid-$80Ks to low-$90Ks signalling a pause in directional conviction. Read more in this weeks Market Pulse https://glassno.de/4qp3VXk https://glassno.de/4qp3VXk"
X Link 2026-01-12T16:31Z 603K followers, 14K engagements

"🔄 Update: Implied volatility has compressed back into a low-expectation regime. Across the 3-month maturity surface IV is broadly suppressed over nearly the entire price range indicating muted expectations for large moves into the next quarter and a return to a low-volatility regime. 🔄 Update: During the sharp drawdown several weeks ago risk hedging activity increased with elevated put demand as price moved into the low-$80K range. This coincided with a rise in expected price dispersion indicating higher uncertainty. More recently market conditions https://t.co/hBmvPSN3rD 🔄 Update: During"
X Link 2026-01-12T17:13Z 602.4K followers, 22.1K engagements

"Using the newly launched Short-Term Holder Cost Basis Distribution (CBD) Heatmap the recent $80K$95K consolidation reflects a top-heavy cost-basis structure meeting renewed demand above $80K. Overhead supply from recent buyers has absorbed bounce attempts anchoring price despite sustained buying interest following the drawdown. http://glassno.de/4syBK9D http://glassno.de/4syBK9D"
X Link 2026-01-13T18:22Z 601.6K followers, 62.5K engagements

"Over the past [--] months Bitcoin treasuries held by public and private companies have grown from 854K BTC to 1.11M BTC. Thats an increase of 260K BTC or roughly 43K BTC per month highlighting the steady expansion of corporate balance-sheet exposure to Bitcoin. http://glassno.de/3YA7a1R #Bitcoin treasury holdings of public companies increased even throughout #BTC's recent drawdown from $125k. Not seeing much of the alleged forced selling here despite some equities trading below mNAV. https://t.co/rr6TSabAeQ https://t.co/l5osM1LVno http://glassno.de/3YA7a1R #Bitcoin treasury holdings of public"
X Link 2026-01-13T19:42Z 602.4K followers, 32.1K engagements

"🔄 Update: With the spot price surging to $97K the key on-chain price models have now shifted slightly: 🔴 STH Cost Basis: $98.4K --- Spot Price: $97K --- 🟡 Active Investors Mean: $87.8k 🟢True Market Mean: $81.1K 🔵 Realized Price: $56.2K 📊 http://glassno.de/3XDy2xe 🔄 Update: With the spot price trading around $89.9K the key on-chain price models have now shifted slightly: 🔴 STH Cost Basis: $98.9K --- Spot Price: $89.9K --- 🟡 Active Investors Mean: $87.7k 🟢True Market Mean: $81.0K 🔵 Realized Price: $56.2K 📊 https://t.co/mJ1JCnjTff https://t.co/Nh5FHFV8Q8 http://glassno.de/3XDy2xe 🔄"
X Link 2026-01-15T18:02Z 601.6K followers, 56K engagements

"The current market structure for XRP closely resembles that of February [----]. Investors active over the 1W1M window are now accumulating below the cost basis of the 6M12M cohort. As this structure persists psychological pressure on top buyers continues to build over time. http://glassno.de/3Nu6Vmu The $2.0 level remains a major psychological zone for Ripple holders. Since early [----] each time XRP has retested $2 investors have realized $0.5B$1.2B per week in losses. This underscores how heavily this level influences spending behavior. 📉https://t.co/PGos9nG5gq https://t.co/GDlNEg2Hed"
X Link 2026-01-19T16:00Z 602.4K followers, 53.8K engagements

"$BTC has pulled back from recent highs of $98K slipping back into the low-$90Ks. Momentum has cooled but remains above neutral pointing to consolidation rather than trend deterioration. Read more in this weeks Market Pulse👇 https://glassno.de/4r1zbLM https://glassno.de/4r1zbLM"
X Link 2026-01-19T18:28Z 601.6K followers, 16.8K engagements

"On-chain signals are stabilising. Fundamental activity and capital flows are improving modestly while profit/loss conditions continue to recover pointing to easing stress but still-moderate conviction"
X Link 2026-01-19T18:28Z 601.6K followers, 10.7K engagements

"During the NovemberDecember bottoming phase supply accumulation was primarily driven by larger entities while smaller cohorts were distributing. This divergence appears to be driven in part by exchange-related wallet reshuffling and also by large holders buying the dip. 📉 http://glassno.de/4sMOTvQ http://glassno.de/4sMOTvQ"
X Link 2026-01-20T18:17Z 601.7K followers, 20.8K engagements

"Failed Breakout #Bitcoin is consolidating in a low-volume regime with easing spot pressure light leverage and volatility priced as short-lived rather than structural. Read the full Week On-Chain👇 https://glassno.de/3ZosaJ7 https://glassno.de/3ZosaJ7"
X Link 2026-01-21T19:27Z 601.8K followers, 43.5K engagements

"Bitcoin has lost the [----] supply cost-basis quantile and failed to reclaim it. Spot now trades below the cost basis of 75% of supply signalling rising distribution pressure. Risk has shifted higher with downside dominant unless this level is recovered. https://glassno.de/3LMS1r5 https://glassno.de/3LMS1r5"
X Link 2026-01-22T12:34Z 601.7K followers, 19.1K engagements

"The recent attempt to move above STH-cost basis ($98.4K) was capped by sell-side pressure from [--] month holders whose average cost basis sits near $112.6K. This cohort ramped up spending into the move realizing elevated losses and weighing on upside momentum. http://glassno.de/3ZosaJ7 Failed Breakout #Bitcoin is consolidating in a low-volume regime with easing spot pressure light leverage and volatility priced as short-lived rather than structural. Read the full Week On-Chain👇 https://t.co/zQyLdUEMAI https://t.co/JxKYdQ9CHO http://glassno.de/3ZosaJ7 Failed Breakout #Bitcoin is consolidating"
X Link 2026-01-22T12:56Z 602K followers, 26.7K engagements

"Lets deep dive into options market behavior during last weeks move to 97.6K and how options metrics help gauge conviction behind the move"
X Link 2026-01-23T11:03Z 602K followers, 14.2K engagements

"Flow vs risk pricing Revisiting the volume put/call ratio the divergence across skews shows upside demand was real but concentrated in the front end. Flow existed but risk was not repriced across maturities. https://glassno.de/4pXThWi https://glassno.de/4pXThWi"
X Link 2026-01-23T11:03Z 601.7K followers, [----] engagements

"Volatility confirms the setup Layering in ATM implied volatility we see vol being sold as price moved higher. Gamma sellers monetized the rally. This is not the volatility behavior typically associated with sustained breakouts. https://glassno.de/3Zqm3UD https://glassno.de/3Zqm3UD"
X Link 2026-01-23T11:03Z 602K followers, [----] engagements

"Wrapping up An ideal breakout setup combines spot pressing key levels skew pointing higher with conviction across maturities and volatility being bid. Last weeks move didnt meet those conditions"
X Link 2026-01-23T11:03Z 601.6K followers, [----] engagements

"🔄 Update: With the spot price plunging to $87.3K the key on-chain price models are as follows: 🔴 STH Cost Basis: $96.5K 🟡 Active Investors Mean: $87.5k --- Spot Price: $87.3K --- 🟢True Market Mean: $80.7K 🔵 Realized Price: $56.0K 📊 http://glassno.de/3XDy2xe 🔄 Update: With the spot price surging to $97K the key on-chain price models have now shifted slightly: 🔴 STH Cost Basis: $98.4K --- Spot Price: $97K --- 🟡 Active Investors Mean: $87.8k 🟢True Market Mean: $81.1K 🔵 Realized Price: $56.2K 📊 https://t.co/mJ1JCnjTff https://t.co/CGZx7NEeZF http://glassno.de/3XDy2xe 🔄 Update: With"
X Link 2026-01-25T19:43Z 602.1K followers, 65.8K engagements

"$BTC has pulled back toward $85K over the past week with momentum softening. Spot volume remains stable but subdued reinforcing a consolidation phase rather than a decisive trend move. Read more in this weeks Market Pulse👇 https://glassno.de/49RtNnr https://glassno.de/49RtNnr"
X Link 2026-01-26T16:15Z 601.8K followers, 12.9K engagements

"On-chain signals are weakening. Fundamental activity has slipped to low conviction while capital flows are declining signalling softer demand. Profit/loss conditions are rising but remain low pointing to building stress as profitability compresses"
X Link 2026-01-26T16:15Z 601.6K followers, [----] engagements

"Read the full Market Pulse for all on-chain + off-chain insights: https://glassno.de/49RtNnr https://glassno.de/49RtNnr"
X Link 2026-01-26T16:15Z 601.6K followers, [----] engagements

"Ethereum network fees just hit their lowest level since May [----]. http://glassno.de/4agE1PG http://glassno.de/4agE1PG"
X Link 2026-01-26T22:12Z 602.1K followers, 21.3K engagements

"Stress Builds Below Resistance $BTC is consolidating with muted volumes as spot bid rebuilds slowly while options markets lean increasingly defensive. Read the full Week On-Chain👇 https://glassno.de/3Zp9oBD https://glassno.de/3Zp9oBD"
X Link 2026-01-28T16:42Z 602.4K followers, 43.5K engagements

"LONG-TERM HOLDERS SPENT 370K BTC / MONTH Many observers point to 144K BTC of net LTH distribution over the past [--] days using Net Position Change. However gross on-chain data shows that 360K BTC was actually spent by LTHs. 🧵 Lets break down why these numbers differ and what they really tell us. 📉 http://glassno.de/3NM2943 http://glassno.de/3NM2943"
X Link 2026-01-29T14:28Z 602.4K followers, 29.1K engagements

"Looking at the cumulative Spent Volume by Long-Term Holders LTHs have been spending 12K BTC per day on average over the past [--] days equivalent to 370K BTC per month. This highlights the scale of gross distribution activity beyond what net metrics alone capture. http://glassno.de/3Ob5dqo http://glassno.de/3Ob5dqo"
X Link 2026-01-29T14:28Z 602.5K followers, [----] engagements

"The key nuance often missed is that LTH Net Position Change reflects a net balance not total selling. It equals new coins maturing into LTH status (from STH) minus coins spent by LTHs over the period. Over the last [--] days: 🔴Total LTH spending: 370K BTC 🟢STH LTH maturation: 226K BTC This yields a net LTH supply decline of 144K BTC matching the observed Net Position Change. Bottom line 👉Net metrics can understate the true scale of LTH distribution when maturation is elevated. https://twitter.com/i/web/status/2016881070050791461 https://twitter.com/i/web/status/2016881070050791461"
X Link 2026-01-29T14:28Z 602.5K followers, [----] engagements

"Chart of The Week: Realized Profit/Loss Ratio The 90D-SMA Realized Profit/Loss Ratio has plummeted from a peak of [--] in July [----] to just [---] today. This sharp decline signals a major shift in market demand and rising investor frustration. Are we repeating the low-liquidity cycles of [----] and [----] Watch now to see the key levels we're tracking http://youtube.com/watchv=4ENXG4-u1iU Any meaningful transition back toward a strong market rally should be reflected in liquidity-sensitive indicators such as the Realized Profit/Loss Ratio (90D-SMA). A sustained rise above [--] has historically signalled"
X Link 2026-01-29T15:39Z 602.1K followers, 34.1K engagements

"As we noted in this weeks Week On-Chain $90K was a slippery zone based on options data. Since then $BTC has fallen to $81K. Lets break down the other structural factors behind this decline🧵 Stress Builds Below Resistance $BTC is consolidating with muted volumes as spot bid rebuilds slowly while options markets lean increasingly defensive. Read the full Week On-Chain👇 https://t.co/gHlpg5XSxZ https://t.co/eaSm7G9vTI Stress Builds Below Resistance $BTC is consolidating with muted volumes as spot bid rebuilds slowly while options markets lean increasingly defensive. Read the full Week"
X Link 2026-01-30T10:08Z 602.3K followers, 24.3K engagements

"US spot Bitcoin ETFs have seen net outflows recently reducing a key source of spot demand. Without ETF inflows absorbing supply price faces greater downside pressure. https://glassno.de/49RRQUM https://glassno.de/49RRQUM"
X Link 2026-01-30T10:08Z 601.7K followers, [----] engagements

"Miners are consistently sending BTC to exchanges showing net outflows. This miner distribution adds structural sell pressure contributing to the ongoing price weakness. https://glassno.de/45EFs85 https://glassno.de/45EFs85"
X Link 2026-01-30T10:08Z 602.1K followers, [----] engagements

"Downside Hedging Dominated the Week Over the last [--] days taker flow was dominated by put buying closely followed by put selling. Much of this activity was structured as spreads and concentrated in puts with very limited interest in upside exposure. https://glassno.de/4qd1CFV https://glassno.de/4qd1CFV"
X Link 2026-01-30T21:37Z 601.7K followers, [---] engagements

"Vol Sellers Took Over Today After BTC dropped 10% short gamma traders stepped in to monetize elevated downside vol. Put selling rose to 36% of flow [--] points above put buying showing downside was actively sold and some profits were taken. https://glassno.de/4qd1CFV https://glassno.de/4qd1CFV"
X Link 2026-01-30T21:37Z 601.7K followers, [---] engagements

"Downside Skew Still Elevated Downside skew steepened across the curve and short-dated skews have not fully reverted. Options remain priced with a clear asymmetry showing downside protection is still bid and fear hasnt fully cleared. https://glassno.de/4qO5vBX https://glassno.de/4qO5vBX"
X Link 2026-01-30T21:37Z 601.7K followers, [---] engagements

"Put Demand Still Dominates The put call volume ratio jumped from [---] to [---] after the selloff. So far there are no clear signs of call demand returning suggesting the market is not pricing a sustained rebound yet. https://glassno.de/49ZnEqR https://glassno.de/49ZnEqR"
X Link 2026-01-30T21:37Z 602.3K followers, [----] engagements

"Wrap Up Short gamma amplified the move downside vol was repriced and flow is staying defensive. Some fear has been monetized but positioning remains fragile. Until positioning resets price can stay reactive rather than stable"
X Link 2026-01-30T21:37Z 602.1K followers, [----] engagements

"RT @FrankAFetter: Bitcoin falls below its True Market Mean price for the first time in [---] years. Last time this happened BTC was $29k. htt"
X Link 2026-02-01T06:21Z 602.1K followers, [--] engagements

"RT @ChrisBeamish_: $BTC slipped below the avg cost basis of US spot ETF holders ($84k) putting ETF buyers in net unrealised loss. First"
X Link 2026-02-02T09:37Z 602.3K followers, [--] engagements

"Reading Momentum Through Cost Basis Technical analysis often relies on volume-weighted averages (e.g. VWAP) to gauge market momentum. On-chain analysis offers a parallel tool using actual accumulated volume by specific investor cohorts to derive cost-basisweighted signals. One powerful example is the crossover between the cost basis of 1-month buyers and the 6-month cohort. Historically this transition has marked shifts into and out of deep bear-market regimes as ownership moves between weak and stronger hands. http://glassno.de/46qQqy2 We are back at capitulation levels on the Risk Index."
X Link 2026-02-02T16:43Z 602.5K followers, 26.5K engagements

"RT @CaitlinLong_: INTERESTING DATA from @glassnode👇. I wonder how many entities that now own 1k #bitcoin (big increase since late 2025) ar"
X Link 2026-02-02T16:45Z 602.3K followers, [--] engagements

"#Bitcoin fell to $74K after losing the November lows with 14D RSI deep in oversold. Spot volume rebounded but looks reactive signalling churn in downside continuation not dip buying. Read more in this weeks Market Pulse👇 https://glassno.de/4a91tND https://glassno.de/4a91tND"
X Link 2026-02-02T18:54Z 602.4K followers, 16.7K engagements

"On-chain signals are mixed. Fundamental indicators are rising into moderate territory hinting at stabilisation in underlying activity. However both capital flows and profit/loss conditions remain low and declining signalling weak demand and limited profitability as market stress persists"
X Link 2026-02-02T18:54Z 602.4K followers, 10.8K engagements

"Read the full Market Pulse for all on-chain + off-chain insights: https://glassno.de/4a91tND https://glassno.de/4a91tND"
X Link 2026-02-02T18:54Z 602.4K followers, 16.5K engagements

"RT @ChrisBeamish_: $BTC MVRV Z-Score has now compressed to its lowest level since Oct [----] last seen as price traded near $29K. This is a"
X Link 2026-02-03T16:17Z 602.3K followers, [--] engagements

"RT @seanrose15: 44% of Bitcoin supply is now underwater. In the past month: - Price: $108K $76K (-30%) - Supply in profit: 78% 56%"
X Link 2026-02-03T18:13Z 602.3K followers, [--] engagements

"Introducing Cointime Economics a new framework for #Bitcoin analysis by @Checkmatey of @glassnode and @dpuellARK of @ARKInvest This novel framework establishes a new suite of analysis tools 30+ new metrics and improved valuation and pricing models https://get.glassnode.com/cointime-economics/ https://get.glassnode.com/cointime-economics/"
X Link 2023-08-24T13:00Z 603.1K followers, 402K engagements

"#Bitcoin Spot ETFs saw total net inflows of $4.63B in December well above the [----] monthly average of $2.77B. Notably inflows were concentrated in the first half of the month while the second half saw outflows with the exception of Dec [--]. https://glassno.de/4a00kHE https://glassno.de/4a00kHE"
X Link 2025-01-02T13:59Z 603.1K followers, 28.5K engagements

"#BTC ETF with the largest inflows in December: @BlackRock's #IBIT at $5.51B followed by #Fidelity @DigitalAssets' #FBTC at $352.83M. Biggest outflows: Grayscale with -$997.59M followed by Ark [--] Shares with -$193.94M. https://glassno.de/4a00FKy https://glassno.de/4a00FKy"
X Link 2025-01-02T13:59Z 603.1K followers, 14.2K engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing