Dark | Light
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

# ![@glassnode Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1022821051187822593.png) @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: XXXXXX [#](/creator/twitter::1022821051187822593/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1022821051187822593/c:line/m:interactions.svg)

- X Week XXXXXXX -XX%
- X Month XXXXXXXXX -XXXX%
- X Months XXXXXXXXXX +140%
- X Year XXXXXXXXXX +226%

### Mentions: XX [#](/creator/twitter::1022821051187822593/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1022821051187822593/c:line/m:posts_active.svg)

- X Week XX -XX%
- X Month XXX -XX%
- X Months XXX +65%
- X Year XXX +257%

### Followers: XXXXXXX [#](/creator/twitter::1022821051187822593/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1022821051187822593/c:line/m:followers.svg)

- X Week XXXXXXX +0.10%
- X Month XXXXXXX +0.52%
- X Months XXXXXXX +3.80%
- X Year XXXXXXX +9.10%

### CreatorRank: XXXXXXX [#](/creator/twitter::1022821051187822593/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1022821051187822593/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[cryptocurrencies](/list/cryptocurrencies)  #945 [finance](/list/finance)  #6328 [stocks](/list/stocks)  XXXX%

**Social topic influence**
[bitcoin](/topic/bitcoin) #476, [futures](/topic/futures) #56, [strong](/topic/strong) 8.89%, [hedging](/topic/hedging) #118, [sol](/topic/sol) #321, [volatility](/topic/volatility) #12, [signals](/topic/signals) #74, [liquidity](/topic/liquidity) #84, [downside](/topic/downside) 4.44%, [macro](/topic/macro) #624

**Top accounts mentioned or mentioned by**
[@stockstormx](/creator/undefined) [@cointelegraph](/creator/undefined) [@pomere04](/creator/undefined) [@incryptonews_](/creator/undefined) [@darkfost_coc](/creator/undefined) [@teddyvision](/creator/undefined) [@stacy_muur](/creator/undefined) [@cryptotice_](/creator/undefined) [@txmctrades](/creator/undefined) [@ali_charts](/creator/undefined) [@justdeauit](/creator/undefined) [@keyrock](/creator/undefined) [@superalgos](/creator/undefined) [@ericclfung](/creator/undefined) [@ms2capital](/creator/undefined) [@krypto_woelfe](/creator/undefined) [@kripto_aihan](/creator/undefined) [@387810c4081c49a](/creator/undefined) [@venmehic13](/creator/undefined) [@derivativeprofr](/creator/undefined)

**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Bitcoin Scrypt (BTCS)](/topic/$btcs) [Ethereum (ETH)](/topic/ethereum) [Solana (SOL)](/topic/solana)
### Top Social Posts
Top posts by engagements in the last XX hours

"At similar price levels to XX Nov $BTC 1W put IV spiked to XX% reflecting aggressive downside hedging. Yesterdays move saw only XX% showing a more muted risk premium. The market appears less worried but any further downside could trigger a far sharper repricing"  
[X Link](https://x.com/glassnode/status/1995804083349840051)  2025-12-02T10:35Z 598.7K followers, 24.5K engagements


"Revisiting this cycles USDT netflow to exchanges we find a strong negative correlation with BTCs mid-term performance. During euphoric phases USDT typically flows out at $100M to $200M/day as investors lock in profits. At the $126K peak net outflows reached $220M (30D-SMA); A clear profit-taking signal now easing as flows turn positive again. πŸ“Š"  
[X Link](https://x.com/glassnode/status/1993713011958124760)  2025-11-26T16:06Z 598.6K followers, 60.8K engagements


"XRPs futures OI has fallen from 1.7B XRP in early October to 0.7B XRP (59% flush-out). Paired with the funding rate dropping from XXXX% to XXXXX% (7D-SMA) 10/10 marked a structural pause in XRP speculators appetite to bet aggressively on upside. πŸ“‰"  
[X Link](https://x.com/glassnode/status/1995162821039124553)  2025-11-30T16:07Z 598.6K followers, 32.3K engagements


"$BTC's drawdown has triggered the largest spike in realized losses since the FTX collapse in late 2022. STHs account for the bulk of the losses while LTH losses stay comparatively contained indicating that the stress is largely on recent buyers"  
[X Link](https://x.com/glassnode/status/1996878656581619866)  2025-12-05T09:45Z 598.6K followers, 49.5K engagements


"Macro The Key Support The expected December cut is doing the heavy lifting for current prices. A shift in that expectation or a hawkish cut would trigger immediate repricing in both IV and spot"  
[X Link](https://x.com/glassnode/status/1996950126821081188)  2025-12-05T14:29Z 598.7K followers, 8550 engagements


"πŸ“’ NEW PRODUCT 25-Delta Skew is the go-to metric for crypto options but it compresses a much richer surface. Our new Interpolated IVs show how risk is priced across deltas and maturities for BTC ETH SOL XRP and BNB. πŸ“°"  
[X Link](https://x.com/glassnode/status/1996966471209975885)  2025-12-05T15:34Z 598.7K followers, 62.7K engagements


"Bitcoin bounced toward $94K but the market remains unconvinced. Momentum improved and volumes rose yet Spot CVD and OI fell. Options show demand for downside hedging while ETF outflows highlight softer appetite. Read more in this weeks Market PulseπŸ‘‡"  
[X Link](https://x.com/glassnode/status/1998059316733960580)  2025-12-08T15:57Z 598.6K followers, 18.4K engagements


"The share of XRP supply in profit has fallen to XXXX% the lowest since Nov 2024 when price was $XXXX. Today despite trading X higher ($2.15) XXXX% of supply (26.5B XRP) sits in loss a clear sign of a top-heavy and structurally fragile market dominated by late buyers. πŸ“‰"  
[X Link](https://x.com/glassnode/status/1990532097195585564)  2025-11-17T21:26Z 598.6K followers, 121.6K engagements


"BTC faced a strong rejection at $93K last week but as price attempts to break through this level again today were seeing large short-liquidation clusters forming. Short liquidations can act as fuel for upside as forced buyers amplify momentum"  
[X Link](https://x.com/glassnode/status/1995910855062430051)  2025-12-02T17:40Z 598.7K followers, 33.2K engagements


"Tokenized RWAs grew from $7B to $24B in a year their strongest phase of institutional adoption yet. Tokenized funds are among the fastest-growing segments in 2025 offering new distribution channels for asset managers and access for previously underserved investors"  
[X Link](https://x.com/glassnode/status/1996050857323057249)  2025-12-03T02:56Z 598.6K followers, 13.6K engagements


"For professionals navigating a fast-changing market the report offers a consolidated view of the digital asset ecosystem. Download the full Q4 report"  
[X Link](https://x.com/glassnode/status/1996050859973902655)  2025-12-03T02:56Z 598.7K followers, 12.7K engagements


"Echoes of Early 2022 Bitcoin stabilizes above the True Market Mean but market structure now mirrors Q1 2022 with over XX% of supply underwater. Demand is weakening across ETFs spot and futures while options show compressed volatility & cautious positioning. Read the full Week On-ChainπŸ‘‡"  
[X Link](https://x.com/glassnode/status/1996323045166981220)  2025-12-03T20:57Z 598.6K followers, 83.2K engagements


"Since mid-November BTC has fallen below the XXXX quantile putting XX% of supply underwater. This leaves the market in a fragile balance between top-buyer capitulation risk and seller-exhaustion bottom formation. At $93K price remains highly sensitive to macro shocks until the market can reclaim the XXXX quantile ($95.8K) and then the XXXX quantile ($106.2K)"  
[X Link](https://x.com/glassnode/status/1996618082505101327)  2025-12-04T16:30Z 598.7K followers, 59K engagements


"Price action has calmed but the rebound isnt supported by strong crypto-specific catalysts and remains fragile. Heres what the options market is signaling beneath the surface"  
[X Link](https://x.com/glassnode/status/1996950110660448427)  2025-12-05T14:29Z 598.7K followers, 13.1K engagements


"πŸ“’ NEW PRODUCT The Implied Volatility Heatmap will help illustrate different volatility and sentiment regimes. By observing implied volatility over time we can see how the market has historically priced expected movement on both the call and put sides"  
[X Link](https://x.com/glassnode/status/1996973646162629104)  2025-12-05T16:03Z 598.7K followers, 51.6K engagements


"Off-chain signals were mixed this week. Spot and ETF indicators improved while Futures and Options weakened as leverage and hedging demand declined. Strength sits in Spot and ETF whereas derivatives continue to soften"  
[X Link](https://x.com/glassnode/status/1998059319477125409)  2025-12-08T15:57Z 598.7K followers, XXX engagements


"A new cost-basis cluster formed after Bitcoins drop into the low-$80K region showing fresh accumulation at these levels. This zone is now one of the densest on the heatmap and could act as a strong support area likely to be defended by recent buyers"  
[X Link](https://x.com/glassnode/status/1995424994726441375)  2025-12-01T09:29Z 598.6K followers, 38.5K engagements


"#Bitcoin open interest has dropped by XX% flushing excess leverage from the market. With funding now near neutral the market is far less vulnerable to another liquidation cascade"  
[X Link](https://x.com/glassnode/status/1980569106509082727)  2025-10-21T09:37Z 598.7K followers, 139.3K engagements


"Despite the recent volatility the perpetual market remains muted. The hourly funding paid by longs (168h-SMA) has fallen to a new low of $72K/hour an XX% drop from the $565K/hour peak in mid-July"  
[X Link](https://x.com/glassnode/status/1995882634376003662)  2025-12-02T15:47Z 598.7K followers, 28.6K engagements


"πŸ”„ Update: With spot price now at $90.9K several key levels have shifted: πŸ”΄ STH Cost Basis: $104.2K --- Spot Price: $90.9K --- 🟑 Active Investors Mean: $88.1k 🟒True Market Mean: $81.7K πŸ”΅ Realized Price: $56.4K"  
[X Link](https://x.com/glassnode/status/1995165061682528316)  2025-11-30T16:16Z 598.6K followers, 136.4K engagements


"$Bitcoin shows early stabilisation as RSI rebounds and CVD turns positive but spot volume on-chain activity and liquidity remain weak. ETFs see inflows yet futures de-risk and short-term capital dominates. Read more in this weeks Market PulseπŸ‘‡"  
[X Link](https://x.com/glassnode/status/1995544445735825533)  2025-12-01T17:24Z 598.6K followers, 18.8K engagements


"Bitcoin has added $732B in new capital this cycle with 1YR realized volatility nearly halved. The market is trading calmer larger and more institutional. Our Q4 Digital Assets Report with @FasanaraDigital breaks down the structural shifts"  
[X Link](https://x.com/glassnode/status/1996050852390601033)  2025-12-03T02:56Z 598.6K followers, 101.2K engagements


"Skew Still in Put Territory The 25D skew remains positive keeping it in put territory. This shows the market still prices some risk of prolonged bearish action. Its not the type of skew that typically signals a breakout attempt"  
[X Link](https://x.com/glassnode/status/1996950123872444683)  2025-12-05T14:29Z 598.6K followers, 9098 engagements


"Since early November the Total Fees Paid per Day on Ethereum (90D-SMA) have fallen below XXX ETH/day the lowest level recorded since July 2017. πŸ“Š"  
[X Link](https://x.com/glassnode/status/1998046938357530820)  2025-12-08T15:08Z 598.7K followers, 18.3K engagements


"The aggregated size of Bitcoin treasuries held by public and private companies has grown from 197K BTC to 1.08M BTC a XXX% increase since January 2023. Corporate balance sheets are becoming an increasingly significant pillar of demand for BTC. πŸ“Š"  
[X Link](https://x.com/glassnode/status/1998412207445410194)  2025-12-09T15:19Z 598.6K followers, 21.7K engagements


"Liquidity can be assessed through several measures including the Realized Profit-to-Loss Ratio (30D-SMA). For Solana this ratio has traded below X 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. πŸ“‰"  
[X Link](https://x.com/glassnode/status/1998555557481824570)  2025-12-10T00:49Z 598.6K followers, 36K engagements


"Anchored But Under Strain #Bitcoin is stuck in a fragile range as losses climb LTH selling grows and demand stays weak. ETFs liquidity and futures remain muted while options price short-term volatility ahead of FOMC. Read the full Week On-ChainπŸ‘‡"  
[X Link](https://x.com/glassnode/status/1998754666117476808)  2025-12-10T14:00Z 598.6K followers, 15.7K engagements

[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

@glassnode Avatar @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: XXXXXX #

Engagements Line Chart

  • X Week XXXXXXX -XX%
  • X Month XXXXXXXXX -XXXX%
  • X Months XXXXXXXXXX +140%
  • X Year XXXXXXXXXX +226%

Mentions: XX #

Mentions Line Chart

  • X Week XX -XX%
  • X Month XXX -XX%
  • X Months XXX +65%
  • X Year XXX +257%

Followers: XXXXXXX #

Followers Line Chart

  • X Week XXXXXXX +0.10%
  • X Month XXXXXXX +0.52%
  • X Months XXXXXXX +3.80%
  • X Year XXXXXXX +9.10%

CreatorRank: XXXXXXX #

CreatorRank Line Chart

Social Influence

Social category influence cryptocurrencies #945 finance #6328 stocks XXXX%

Social topic influence bitcoin #476, futures #56, strong 8.89%, hedging #118, sol #321, volatility #12, signals #74, liquidity #84, downside 4.44%, macro #624

Top accounts mentioned or mentioned by @stockstormx @cointelegraph @pomere04 @incryptonews_ @darkfost_coc @teddyvision @stacy_muur @cryptotice_ @txmctrades @ali_charts @justdeauit @keyrock @superalgos @ericclfung @ms2capital @krypto_woelfe @kripto_aihan @387810c4081c49a @venmehic13 @derivativeprofr

Top assets mentioned Bitcoin (BTC) Bitcoin Scrypt (BTCS) Ethereum (ETH) Solana (SOL)

Top Social Posts

Top posts by engagements in the last XX hours

"At similar price levels to XX Nov $BTC 1W put IV spiked to XX% reflecting aggressive downside hedging. Yesterdays move saw only XX% showing a more muted risk premium. The market appears less worried but any further downside could trigger a far sharper repricing"
X Link 2025-12-02T10:35Z 598.7K followers, 24.5K engagements

"Revisiting this cycles USDT netflow to exchanges we find a strong negative correlation with BTCs mid-term performance. During euphoric phases USDT typically flows out at $100M to $200M/day as investors lock in profits. At the $126K peak net outflows reached $220M (30D-SMA); A clear profit-taking signal now easing as flows turn positive again. πŸ“Š"
X Link 2025-11-26T16:06Z 598.6K followers, 60.8K engagements

"XRPs futures OI has fallen from 1.7B XRP in early October to 0.7B XRP (59% flush-out). Paired with the funding rate dropping from XXXX% to XXXXX% (7D-SMA) 10/10 marked a structural pause in XRP speculators appetite to bet aggressively on upside. πŸ“‰"
X Link 2025-11-30T16:07Z 598.6K followers, 32.3K engagements

"$BTC's drawdown has triggered the largest spike in realized losses since the FTX collapse in late 2022. STHs account for the bulk of the losses while LTH losses stay comparatively contained indicating that the stress is largely on recent buyers"
X Link 2025-12-05T09:45Z 598.6K followers, 49.5K engagements

"Macro The Key Support The expected December cut is doing the heavy lifting for current prices. A shift in that expectation or a hawkish cut would trigger immediate repricing in both IV and spot"
X Link 2025-12-05T14:29Z 598.7K followers, 8550 engagements

"πŸ“’ NEW PRODUCT 25-Delta Skew is the go-to metric for crypto options but it compresses a much richer surface. Our new Interpolated IVs show how risk is priced across deltas and maturities for BTC ETH SOL XRP and BNB. πŸ“°"
X Link 2025-12-05T15:34Z 598.7K followers, 62.7K engagements

"Bitcoin bounced toward $94K but the market remains unconvinced. Momentum improved and volumes rose yet Spot CVD and OI fell. Options show demand for downside hedging while ETF outflows highlight softer appetite. Read more in this weeks Market PulseπŸ‘‡"
X Link 2025-12-08T15:57Z 598.6K followers, 18.4K engagements

"The share of XRP supply in profit has fallen to XXXX% the lowest since Nov 2024 when price was $XXXX. Today despite trading X higher ($2.15) XXXX% of supply (26.5B XRP) sits in loss a clear sign of a top-heavy and structurally fragile market dominated by late buyers. πŸ“‰"
X Link 2025-11-17T21:26Z 598.6K followers, 121.6K engagements

"BTC faced a strong rejection at $93K last week but as price attempts to break through this level again today were seeing large short-liquidation clusters forming. Short liquidations can act as fuel for upside as forced buyers amplify momentum"
X Link 2025-12-02T17:40Z 598.7K followers, 33.2K engagements

"Tokenized RWAs grew from $7B to $24B in a year their strongest phase of institutional adoption yet. Tokenized funds are among the fastest-growing segments in 2025 offering new distribution channels for asset managers and access for previously underserved investors"
X Link 2025-12-03T02:56Z 598.6K followers, 13.6K engagements

"For professionals navigating a fast-changing market the report offers a consolidated view of the digital asset ecosystem. Download the full Q4 report"
X Link 2025-12-03T02:56Z 598.7K followers, 12.7K engagements

"Echoes of Early 2022 Bitcoin stabilizes above the True Market Mean but market structure now mirrors Q1 2022 with over XX% of supply underwater. Demand is weakening across ETFs spot and futures while options show compressed volatility & cautious positioning. Read the full Week On-ChainπŸ‘‡"
X Link 2025-12-03T20:57Z 598.6K followers, 83.2K engagements

"Since mid-November BTC has fallen below the XXXX quantile putting XX% of supply underwater. This leaves the market in a fragile balance between top-buyer capitulation risk and seller-exhaustion bottom formation. At $93K price remains highly sensitive to macro shocks until the market can reclaim the XXXX quantile ($95.8K) and then the XXXX quantile ($106.2K)"
X Link 2025-12-04T16:30Z 598.7K followers, 59K engagements

"Price action has calmed but the rebound isnt supported by strong crypto-specific catalysts and remains fragile. Heres what the options market is signaling beneath the surface"
X Link 2025-12-05T14:29Z 598.7K followers, 13.1K engagements

"πŸ“’ NEW PRODUCT The Implied Volatility Heatmap will help illustrate different volatility and sentiment regimes. By observing implied volatility over time we can see how the market has historically priced expected movement on both the call and put sides"
X Link 2025-12-05T16:03Z 598.7K followers, 51.6K engagements

"Off-chain signals were mixed this week. Spot and ETF indicators improved while Futures and Options weakened as leverage and hedging demand declined. Strength sits in Spot and ETF whereas derivatives continue to soften"
X Link 2025-12-08T15:57Z 598.7K followers, XXX engagements

"A new cost-basis cluster formed after Bitcoins drop into the low-$80K region showing fresh accumulation at these levels. This zone is now one of the densest on the heatmap and could act as a strong support area likely to be defended by recent buyers"
X Link 2025-12-01T09:29Z 598.6K followers, 38.5K engagements

"#Bitcoin open interest has dropped by XX% flushing excess leverage from the market. With funding now near neutral the market is far less vulnerable to another liquidation cascade"
X Link 2025-10-21T09:37Z 598.7K followers, 139.3K engagements

"Despite the recent volatility the perpetual market remains muted. The hourly funding paid by longs (168h-SMA) has fallen to a new low of $72K/hour an XX% drop from the $565K/hour peak in mid-July"
X Link 2025-12-02T15:47Z 598.7K followers, 28.6K engagements

"πŸ”„ Update: With spot price now at $90.9K several key levels have shifted: πŸ”΄ STH Cost Basis: $104.2K --- Spot Price: $90.9K --- 🟑 Active Investors Mean: $88.1k 🟒True Market Mean: $81.7K πŸ”΅ Realized Price: $56.4K"
X Link 2025-11-30T16:16Z 598.6K followers, 136.4K engagements

"$Bitcoin shows early stabilisation as RSI rebounds and CVD turns positive but spot volume on-chain activity and liquidity remain weak. ETFs see inflows yet futures de-risk and short-term capital dominates. Read more in this weeks Market PulseπŸ‘‡"
X Link 2025-12-01T17:24Z 598.6K followers, 18.8K engagements

"Bitcoin has added $732B in new capital this cycle with 1YR realized volatility nearly halved. The market is trading calmer larger and more institutional. Our Q4 Digital Assets Report with @FasanaraDigital breaks down the structural shifts"
X Link 2025-12-03T02:56Z 598.6K followers, 101.2K engagements

"Skew Still in Put Territory The 25D skew remains positive keeping it in put territory. This shows the market still prices some risk of prolonged bearish action. Its not the type of skew that typically signals a breakout attempt"
X Link 2025-12-05T14:29Z 598.6K followers, 9098 engagements

"Since early November the Total Fees Paid per Day on Ethereum (90D-SMA) have fallen below XXX ETH/day the lowest level recorded since July 2017. πŸ“Š"
X Link 2025-12-08T15:08Z 598.7K followers, 18.3K engagements

"The aggregated size of Bitcoin treasuries held by public and private companies has grown from 197K BTC to 1.08M BTC a XXX% increase since January 2023. Corporate balance sheets are becoming an increasingly significant pillar of demand for BTC. πŸ“Š"
X Link 2025-12-09T15:19Z 598.6K followers, 21.7K engagements

"Liquidity can be assessed through several measures including the Realized Profit-to-Loss Ratio (30D-SMA). For Solana this ratio has traded below X 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. πŸ“‰"
X Link 2025-12-10T00:49Z 598.6K followers, 36K engagements

"Anchored But Under Strain #Bitcoin is stuck in a fragile range as losses climb LTH selling grows and demand stays weak. ETFs liquidity and futures remain muted while options price short-term volatility ahead of FOMC. Read the full Week On-ChainπŸ‘‡"
X Link 2025-12-10T14:00Z 598.6K followers, 15.7K engagements

@glassnode
/creator/twitter::glassnode