#  @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.
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### Social Influence
**Social category influence**
[cryptocurrencies](/list/cryptocurrencies) #1499 [finance](/list/finance) 37.62% [exchanges](/list/exchanges) 0.99% [financial services](/list/financial-services) 0.99% [stocks](/list/stocks) 0.99%
**Social topic influence**
[bitcoin](/topic/bitcoin) #705, [$btc](/topic/$btc) #340, [onchain](/topic/onchain) #943, [market](/topic/market) #3590, [liquidity](/topic/liquidity) #255, [level](/topic/level) 6.93%, [$6753t](/topic/$6753t) #1356, [hedging](/topic/hedging) 4.95%, [longterm](/topic/longterm) 4.95%, [gamma](/topic/gamma) 4.95%
**Top accounts mentioned or mentioned by**
[@cointelegraph](/creator/undefined) [@achmadmuha97112](/creator/undefined) [@coinbaseinsto](/creator/undefined) [@chrisbeamish](/creator/undefined) [@gro3_](/creator/undefined) [@suficrypto47](/creator/undefined) [@stacy_muur](/creator/undefined) [@strykrai](/creator/undefined) [@critic_vibe](/creator/undefined) [@mpost_io](/creator/undefined) [@defi_warhol](/creator/undefined) [@grok](/creator/undefined) [@daf_global](/creator/undefined) [@eth0xava](/creator/undefined) [@cryptozoom365](/creator/undefined) [@mycelink](/creator/undefined) [@laninramiro](/creator/undefined) [@nobscrypto](/creator/undefined) [@tattva_labs](/creator/undefined) [@frankafetter](/creator/undefined)
**Top assets mentioned**
[Bitcoin (BTC)](/topic/bitcoin) [Ethereum (ETH)](/topic/ethereum) [XRP (XRP)](/topic/xrp)
### Top Social Posts
Top posts by engagements in the last [--] hours
"π Update: With the spot price plunging to $78.6K the key on-chain price models are as follows: π΄ STH Cost Basis: $95.4K π‘ Active Investors Mean: $87.3k π’True Market Mean: $80.5K --- Spot Price: $78.6K --- π΅ Realized Price: $55.9K π http://glassno.de/3XDy2xe π Update: With the spot price plunging to $87.3K the key on-chain price models are as follows: π΄ STH Cost Basis: $96.5K π‘ Active Investors Mean: $87.5k --- Spot Price: $87.3K --- π’True Market Mean: $80.7K π΅ Realized Price: $56.0K π https://t.co/mJ1JCnjTff http://glassno.de/3XDy2xe π Update: With the spot price plunging to"
[X Link](https://x.com/glassnode/status/2017845716257763608) 2026-02-01T06:21Z 603K followers, 66.6K 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](https://x.com/glassnode/status/2018754666738180108) 2026-02-03T18:33Z 603K followers, 66.4K 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](https://x.com/glassnode/status/2019818775261163756) 2026-02-06T17:01Z 603K followers, 13.9K 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](https://x.com/glassnode/status/2019818793149554722) 2026-02-06T17:01Z 603K 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 [----]. π 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%. π 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](https://x.com/glassnode/status/2020842701655339131) 2026-02-09T12:50Z 603K followers, 50.2K 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 Pulseπ https://glassno.de/4bKIxHy https://glassno.de/4bKIxHy"
[X Link](https://x.com/glassnode/status/2020852076931121239) 2026-02-09T13:27Z 603K followers, 18.9K 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. π http://glassno.de/3O4vYwO The XRP Realized Price is trading at $1.48. The current market structure is very similar to that of April [----]. π https://t.co/AndYLGOE7w https://t.co/QyDb54RuIE http://glassno.de/3O4vYwO The XRP Realized Price is trading at $1.48."
[X Link](https://x.com/glassnode/status/2020896475488641261) 2026-02-09T16:24Z 603K followers, 60.7K engagements
"πUPDATE: 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](https://x.com/glassnode/status/2021387214295310706) 2026-02-11T00:54Z 603K followers, 37.8K 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-Chainπ https://glassno.de/4ksUSCi https://glassno.de/4ksUSCi"
[X Link](https://x.com/glassnode/status/2021653679489606117) 2026-02-11T18:32Z 603K followers, 25.8K engagements
"#Bitcoin 1M 25-delta skew keeps climbing with puts priced at a premium over calls. Traders are paying up for downside protection reflecting near-term caution while upside optionality looks cheaper with implied vols still near historic lows. https://glassno.de/4nnTxNT https://glassno.de/4nnTxNT"
[X Link](https://x.com/glassnode/status/1973030853585649918) 2025-09-30T14:23Z 602.4K followers, 22.2K engagements
"The monthly funding paid by longs in Bitcoin perpetuals has declined by 62% from $338M/month in mid-August to $127M/month now. This underscores a clear macro downtrend in speculative appetite as traders grow reluctant to pay interest to maintain long exposure. π http://glassno.de/4oqXban http://glassno.de/4oqXban"
[X Link](https://x.com/glassnode/status/1985707930889375833) 2025-11-04T13:57Z 602.6K followers, 43.3K engagements
"$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](https://x.com/glassnode/status/1999151637680562399) 2025-12-11T16:17Z 602.6K followers, 198.4K engagements
"π 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. π 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 π Update: During"
[X Link](https://x.com/glassnode/status/2010761964104900647) 2026-01-12T17:13Z 602.4K followers, 22.1K 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. πhttps://t.co/PGos9nG5gq https://t.co/GDlNEg2Hed"
[X Link](https://x.com/glassnode/status/2013280386785112488) 2026-01-19T16:00Z 602.4K followers, 53.8K engagements
"The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. π http://glassno.de/4qipTdW ETF flows still show no renewed demand. The 30D-SMA of netflows for both Bitcoin and Ethereum ETFs remains negative. π 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. π https://t.co/FDkkVZ0oUA https://t.co/HCo5f32T0c"
[X Link](https://x.com/glassnode/status/2015909430005584033) 2026-01-26T22:07Z 602.7K followers, 30.2K 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](https://x.com/glassnode/status/2016492475309764968) 2026-01-28T12:44Z 602.6K followers, 118.2K 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-Chainπ https://glassno.de/3Zp9oBD https://glassno.de/3Zp9oBD"
[X Link](https://x.com/glassnode/status/2016552563944935774) 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. π§΅ Lets break down why these numbers differ and what they really tell us. π http://glassno.de/3NM2943 http://glassno.de/3NM2943"
[X Link](https://x.com/glassnode/status/2016881054842302807) 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](https://x.com/glassnode/status/2016881066510836081) 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: π΄Total LTH spending: 370K BTC π’STH LTH maturation: 226K BTC This yields a net LTH supply decline of 144K BTC matching the observed Net Position Change. Bottom line πNet 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](https://x.com/glassnode/status/2016881070050791461) 2026-01-29T14:28Z 602.5K followers, [----] 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 declineπ§΅ 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-Chainπ 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](https://x.com/glassnode/status/2017178128381010012) 2026-01-30T10:08Z 602.3K followers, 24.3K 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](https://x.com/glassnode/status/2017351583495832010) 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](https://x.com/glassnode/status/2017351585915887871) 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](https://x.com/glassnode/status/2017351588923183292) 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](https://x.com/glassnode/status/2017351591674724503) 2026-01-30T21:37Z 602.8K 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](https://x.com/glassnode/status/2017351601703301360) 2026-01-30T21:37Z 602.3K followers, [----] engagements
"The XRP Realized Price is trading at $1.48. The current market structure is very similar to that of April [----]. π 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](https://x.com/glassnode/status/2017850476448915757) 2026-02-01T06:40Z 602.4K followers, 30.7K 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](https://x.com/glassnode/status/2018364665273663653) 2026-02-02T16:43Z 602.5K followers, 26.5K 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 Pulseπ https://glassno.de/4a91tND https://glassno.de/4a91tND"
[X Link](https://x.com/glassnode/status/2018397515314307389) 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](https://x.com/glassnode/status/2018397521840677314) 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](https://x.com/glassnode/status/2018397528232808698) 2026-02-02T18:54Z 602.4K followers, 16.5K 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 π https://glassno.de/4qVN12y https://glassno.de/4qVN12y"
[X Link](https://x.com/glassnode/status/2018762967957815421) 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](https://x.com/glassnode/status/2019032691048599889) 2026-02-04T12:58Z 602.9K followers, 22.1K engagements
"π Update: With the spot price plunging to $69.7K the key on-chain price models are as follows: π΄ STH Cost Basis: $94.0K π‘ Active Investors Mean: $86.8k π’True Market Mean: $80.1K ---- Spot Price: $69.7K ---- π΅ Realized Price: $55.6K π http://glassno.de/3XDy2xe π Update: With the spot price plunging to $78.6K the key on-chain price models are as follows: π΄ STH Cost Basis: $95.4K π‘ Active Investors Mean: $87.3k π’True Market Mean: $80.5K --- Spot Price: $78.6K --- π΅ Realized Price: $55.9K π https://t.co/mJ1JCnjTff https://t.co/LgPQm4W3ft http://glassno.de/3XDy2xe π Update: With the"
[X Link](https://x.com/glassnode/status/2019413035211948254) 2026-02-05T14:09Z 602.9K followers, 31.8K 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](https://x.com/glassnode/status/2019779152782488027) 2026-02-06T14:24Z 602.9K followers, 22.7K 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](https://x.com/glassnode/status/2019816757670928780) 2026-02-06T16:53Z 602.3K 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](https://x.com/glassnode/status/2019816761172922376) 2026-02-06T16:53Z 602.3K followers, [---] 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](https://x.com/glassnode/status/2019818777932886229) 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](https://x.com/glassnode/status/2019818781082865868) 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](https://x.com/glassnode/status/2019818784421503479) 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](https://x.com/glassnode/status/2019818790054424692) 2026-02-06T17:01Z 602.8K followers, [---] 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](https://x.com/glassnode/status/2019962451530285315) 2026-02-07T02:32Z 602.8K followers, [----] 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](https://x.com/glassnode/status/2019096784719712674) 2026-02-04T17:12Z 602.9K 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-Chainπ https://glassno.de/469dce3 https://glassno.de/469dce3"
[X Link](https://x.com/glassnode/status/2019124456128721118) 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](https://x.com/glassnode/status/2019377280254972147) 2026-02-05T11:47Z 603K followers, 127.8K 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](https://x.com/glassnode/status/2018762965302820989) 2026-02-03T19:06Z 603K followers, 37.9K engagements
"π 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. π 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. π§΅ Lets dive in. π Halloween Market Check To play"
[X Link](https://x.com/glassnode/status/2019962448200032757) 2026-02-07T02:32Z 603K followers, 45.2K engagements
"Assuming the early October ATH marked the end of the recent bull market this cycle saw very modest drawdowns similar to the [--------] market. π http://glassno.de/3ZuY5Yr http://glassno.de/3ZuY5Yr"
[X Link](https://x.com/glassnode/status/2021382622652534845) 2026-02-11T00:35Z 603K followers, 21.1K engagements
"At $67.4k more than 9.3M bitcoins are underwater. This is the highest level since January [----]. π http://glassno.de/4tBSTA3 http://glassno.de/4tBSTA3"
[X Link](https://x.com/glassnode/status/2019463031017603151) 2026-02-05T17:28Z 603K followers, 40.8K engagements
"π UPDATE: The 30-day SMA of net flows for both Bitcoin and Ethereum spot ETFs has been negative for most of the last [--] days. There is no sign of renewed demand. π http://glassnode.de/4qipTdW The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. π https://t.co/FDkkVZ0oUA https://t.co/ubcsItha10 http://glassnode.de/4qipTdW The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. π https://t.co/FDkkVZ0oUA https://t.co/ubcsItha10"
[X Link](https://x.com/glassnode/status/2021951833170964517) 2026-02-12T14:17Z 603K followers, 24.6K engagements
"$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 belowπ https://glassno.de/4txMBRD https://glassno.de/4txMBRD"
[X Link](https://x.com/glassnode/status/2021975439234019806) 2026-02-12T15:51Z 603K followers, 14.7K engagements
"On-chain indicators reflect rising profit realization and slower inflows: Realized Cap Change reached a new cycle high Realized P/L Ratio fell from [---] to [---] Transfer volume rose +43% - large reallocations NUPL and % supply in profit remain at elevated levels"
[X Link](https://x.com/glassnode/status/1947361181225595069) 2025-07-21T18:21Z 601.7K followers, 17.8K engagements
"Yesterday saw one of the largest #Bitcoin long liquidation events since Dec [----] with over $150M in longs wiped out as price moved lower"
[X Link](https://x.com/glassnode/status/1959985868585713995) 2025-08-25T14:27Z 601.7K followers, 35.7K engagements
"Short-term investors' on-chain behaviour confirms the market is anticipating a positive outcome from this weeks FOMC meeting. Lets explore more on-chain signals backing this setup. π Bitcoin what is the plan Markets are locked on the FOMC Wednesday with a [--] bps cut priced in and Powells stance under the spotlight for hints. Volatility is guaranteed: the Risk will guide whether BTCs bullish structure holds or if a sell-off looms on the horizon. https://t.co/biqz4L8RiL Bitcoin what is the plan Markets are locked on the FOMC Wednesday with a [--] bps cut priced in and Powells stance under the"
[X Link](https://x.com/glassnode/status/1967976124128038963) 2025-09-16T15:37Z 601.6K followers, 37.1K engagements
"This chart measures the cumulative profit realized (in BTC) by long-term holders from the moment a new cycle ATH is set until the final peak. So far LTHs have realized 3.4M BTCa historically large volume compared to prior cycles. https://glassno.de/4mr1VuD https://glassno.de/4mr1VuD https://glassno.de/4mr1VuD https://glassno.de/4mr1VuD"
[X Link](https://x.com/glassnode/status/1970465141897482679) 2025-09-23T12:27Z 601.7K followers, 34.7K engagements
"Liquidity can be assessed through several measures including the Realized Profit-to-Loss Ratio (30D-SMA). For Solana this ratio has traded below [--] 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. π 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](https://x.com/glassnode/status/1998555557481824570) 2025-12-10T00:49Z 601.7K followers, 41.6K engagements
"ETF flows still show no renewed demand. The 30D-SMA of netflows for both Bitcoin and Ethereum ETFs remains negative. π 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](https://x.com/glassnode/status/2006552656500691187) 2026-01-01T02:26Z 601.6K followers, 73.9K engagements
"Long-term $BTC holder distribution has decelerated. Net outflows have rolled over from extreme levels indicating that the market is progressively absorbing long-held supply and that a large portion of overhead supply may now be largely worked through. https://glassno.de/3ZdVEct https://glassno.de/3ZdVEct"
[X Link](https://x.com/glassnode/status/2010700942539210936) 2026-01-12T13:10Z 601.7K followers, 147.9K engagements
"$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](https://x.com/glassnode/status/2010751460368060856) 2026-01-12T16:31Z 601.6K followers, 14K 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](https://x.com/glassnode/status/2011141736480063784) 2026-01-13T18:22Z 601.6K followers, 62.5K engagements
"π Update: With the spot price surging to $97K the key on-chain price models have now shifted slightly: π΄ STH Cost Basis: $98.4K --- Spot Price: $97K --- π‘ Active Investors Mean: $87.8k π’True Market Mean: $81.1K π΅ Realized Price: $56.2K π http://glassno.de/3XDy2xe π Update: With the spot price trading around $89.9K the key on-chain price models have now shifted slightly: π΄ STH Cost Basis: $98.9K --- Spot Price: $89.9K --- π‘ Active Investors Mean: $87.7k π’True Market Mean: $81.0K π΅ Realized Price: $56.2K π https://t.co/mJ1JCnjTff https://t.co/Nh5FHFV8Q8 http://glassno.de/3XDy2xe π"
[X Link](https://x.com/glassnode/status/2011861491188687173) 2026-01-15T18:02Z 601.6K followers, 56K engagements
"$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 Pulseπ https://glassno.de/4r1zbLM https://glassno.de/4r1zbLM"
[X Link](https://x.com/glassnode/status/2013317594342703424) 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](https://x.com/glassnode/status/2013317600109907995) 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. π http://glassno.de/4sMOTvQ http://glassno.de/4sMOTvQ"
[X Link](https://x.com/glassnode/status/2013677173622645189) 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-Chainπ https://glassno.de/3ZosaJ7 https://glassno.de/3ZosaJ7"
[X Link](https://x.com/glassnode/status/2014057214458147119) 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](https://x.com/glassnode/status/2014315690535137680) 2026-01-22T12:34Z 601.7K followers, 19.1K 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](https://x.com/glassnode/status/2014655280198373525) 2026-01-23T11:03Z 601.7K 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](https://x.com/glassnode/status/2014655286028406799) 2026-01-23T11:03Z 601.6K followers, [----] 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 Pulseπ https://glassno.de/49RtNnr https://glassno.de/49RtNnr"
[X Link](https://x.com/glassnode/status/2015820909815235011) 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](https://x.com/glassnode/status/2015820920456110343) 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](https://x.com/glassnode/status/2015820925510242307) 2026-01-26T16:15Z 601.6K followers, [----] 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](https://x.com/glassnode/status/2017178133238051128) 2026-01-30T10:08Z 601.7K 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](https://x.com/glassnode/status/2017351594640023591) 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](https://x.com/glassnode/status/2017351596561023140) 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](https://x.com/glassnode/status/2017351598704365906) 2026-01-30T21:37Z 601.7K followers, [---] engagements
"#BTCs average entry price for newer investors and its standard deviation bands help identify overheated zones. $127K marks the +1 level and key resistance; a breakout could open the path to $144K (+2) where prior market tops often trigger increased sell-side pressure"
[X Link](https://x.com/glassnode/status/1956345884012413187) 2025-08-15T13:23Z 601.9K followers, 35.8K engagements
"Since our Aug [--] post distribution has softened but not reversed. Most $BTC cohorts remain below the [---] threshold indicating sell-side pressure persists. No group is showing strong accumulation (0.8). The market remains in a broadly neutral-to-distribution regime. All $Bitcoin cohorts have now decisively moved into distribution led by the [-----] $BTC group. The uniformity across cohorts highlights broad sell-side pressure emerging in the market. https://t.co/zVZkaPN2Tf All $Bitcoin cohorts have now decisively moved into distribution led by the [-----] $BTC group. The uniformity across cohorts"
[X Link](https://x.com/glassnode/status/1967522905056763911) 2025-09-15T09:36Z 601.9K followers, 61.1K engagements
"$BTC saw over $100M in long liquidations as price dropped below $115k triggering clustered liquidation levels. Heatmap data highlights concentrations around $113k$114k showing where leverage was most vulnerable. https://glassno.de/4ngQHdy https://glassno.de/4ngQHdy"
[X Link](https://x.com/glassnode/status/1970030198138794115) 2025-09-22T07:39Z 602.1K followers, 45.3K engagements
"Fridays wipeout triggered the largest futures liquidation in Bitcoins history. Over $11B in open interest was erased as leverage was forcefully unwound. A historic deleveraging event that has reset speculative excess across the market"
[X Link](https://x.com/glassnode/status/1977667161683530154) 2025-10-13T09:26Z 602K followers, 46.1K 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](https://x.com/glassnode/status/1999170704478986446) 2025-12-11T17:33Z 602.5K followers, 25.5K 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](https://x.com/glassnode/status/2011162019441893480) 2026-01-13T19:42Z 602.4K followers, 32.1K 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-Chainπ https://t.co/zQyLdUEMAI https://t.co/JxKYdQ9CHO http://glassno.de/3ZosaJ7 Failed Breakout #Bitcoin is consolidating"
[X Link](https://x.com/glassnode/status/2014321339432149352) 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](https://x.com/glassnode/status/2014655265992212790) 2026-01-23T11:03Z 602K followers, 14.2K 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](https://x.com/glassnode/status/2014655283092476364) 2026-01-23T11:03Z 602K followers, [----] engagements
"π Update: With the spot price plunging to $87.3K the key on-chain price models are as follows: π΄ STH Cost Basis: $96.5K π‘ Active Investors Mean: $87.5k --- Spot Price: $87.3K --- π’True Market Mean: $80.7K π΅ Realized Price: $56.0K π http://glassno.de/3XDy2xe π Update: With the spot price surging to $97K the key on-chain price models have now shifted slightly: π΄ STH Cost Basis: $98.4K --- Spot Price: $97K --- π‘ Active Investors Mean: $87.8k π’True Market Mean: $81.1K π΅ Realized Price: $56.2K π https://t.co/mJ1JCnjTff https://t.co/CGZx7NEeZF http://glassno.de/3XDy2xe π Update: With"
[X Link](https://x.com/glassnode/status/2015510904897421641) 2026-01-25T19:43Z 602.1K followers, 65.8K engagements
"Ethereum network fees just hit their lowest level since May [----]. http://glassno.de/4agE1PG http://glassno.de/4agE1PG"
[X Link](https://x.com/glassnode/status/2015910818425065575) 2026-01-26T22:12Z 602.1K followers, 21.3K 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](https://x.com/glassnode/status/2016898988268519722) 2026-01-29T15:39Z 602.1K followers, 34.1K 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](https://x.com/glassnode/status/2017178136530632777) 2026-01-30T10:08Z 602.1K 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](https://x.com/glassnode/status/2017351604563853370) 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](https://x.com/glassnode/status/2017845815239233556) 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](https://x.com/glassnode/status/2018257561561006540) 2026-02-02T09:37Z 602.3K followers, [--] engagements
"RT @CaitlinLong_: INTERESTING DATA from @glassnodeπ. I wonder how many entities that now own 1k #bitcoin (big increase since late 2025) ar"
[X Link](https://x.com/glassnode/status/2018365236701516070) 2026-02-02T16:45Z 602.3K followers, [--] 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](https://x.com/glassnode/status/2018720415372165350) 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](https://x.com/glassnode/status/2018749808727757256) 2026-02-03T18:13Z 602.3K followers, [--] 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](https://x.com/glassnode/status/1874817687253397895) 2025-01-02T13:59Z 602.9K 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](https://x.com/glassnode/status/1874817689878958433) 2025-01-02T13:59Z 602.8K followers, 14.2K engagements
"US Spot #Bitcoin ETF net inflows in January totaled 45.1K #BTC only slightly below Decembers 45.6K $BTC: https://glassno.de/4hHaG1H https://glassno.de/4hHaG1H"
[X Link](https://x.com/glassnode/status/1886393616802697434) 2025-02-03T12:37Z 602.8K followers, 21.6K engagements
"#BlackRock added +26.1K $BTC maintaining its position as the top buyer. #Fidelity followed with +12.4K #BTC: #Grayscale outflows were -4K BTC a significant slowdown compared to the last month. Other funds including #Bitwise (+1.65K BTC) and Ark/21 Shares (+3.1K BTC) saw smaller yet notable inflows. https://glassno.de/42M4wZQ https://twitter.com/i/web/status/1886393619386454082 https://glassno.de/42M4wZQ https://glassno.de/42M4wZQ https://twitter.com/i/web/status/1886393619386454082 https://glassno.de/42M4wZQ"
[X Link](https://x.com/glassnode/status/1886393619386454082) 2025-02-03T12:37Z 602.8K followers, 16.5K engagements
"Assessing the $BTC Sell-offπ§΅: #Bitcoin holders realised the third largest on-chain capitulation in history over the weekend with over $2.18B in realised losses. This compares to: - $1.38B in March [----] - $2.65B in May - $3.45B in June 1/4 Live Chart: https://glassno.de/3EzM8os https://glassno.de/3EzM8os"
[X Link](https://x.com/glassnode/status/1467746704644448256) 2021-12-06T06:44Z 602.9K followers, [----] engagements
"$BTC long-term holders have already realized more profit this cycle than in all but one prior cycle (201617) highlighting elevated sell-side pressure. Taken alongside other signals this suggests the market has entered a late phase of the cycle"
[X Link](https://x.com/glassnode/status/1960354044289167672) 2025-08-26T14:50Z 602.9K followers, 279K engagements
"Long-Term Holder NUPL tracks unrealized gains of long-term #Bitcoin holders and tends to peak near market tops. NUPL highs by cycle (bottom-to-bottom): πΈ2011-2015: [----] πΈ2015-2018: [----] πΈ2018-2022: [----] This cycle: [----] with just [--] days above [----] ("extreme greed"): https://glassno.de/3BZg01r https://glassno.de/3BZg01r"
[X Link](https://x.com/anyuser/status/1879544224028270963) 2025-01-15T15:00Z 603K followers, 64.7K engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@glassnode glassnodeGlassnode 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.
Social category influence cryptocurrencies #1499 finance 37.62% exchanges 0.99% financial services 0.99% stocks 0.99%
Social topic influence bitcoin #705, $btc #340, onchain #943, market #3590, liquidity #255, level 6.93%, $6753t #1356, hedging 4.95%, longterm 4.95%, gamma 4.95%
Top accounts mentioned or mentioned by @cointelegraph @achmadmuha97112 @coinbaseinsto @chrisbeamish @gro3_ @suficrypto47 @stacy_muur @strykrai @critic_vibe @mpost_io @defi_warhol @grok @daf_global @eth0xava @cryptozoom365 @mycelink @laninramiro @nobscrypto @tattva_labs @frankafetter
Top assets mentioned Bitcoin (BTC) Ethereum (ETH) XRP (XRP)
Top posts by engagements in the last [--] hours
"π Update: With the spot price plunging to $78.6K the key on-chain price models are as follows: π΄ STH Cost Basis: $95.4K π‘ Active Investors Mean: $87.3k π’True Market Mean: $80.5K --- Spot Price: $78.6K --- π΅ Realized Price: $55.9K π http://glassno.de/3XDy2xe π Update: With the spot price plunging to $87.3K the key on-chain price models are as follows: π΄ STH Cost Basis: $96.5K π‘ Active Investors Mean: $87.5k --- Spot Price: $87.3K --- π’True Market Mean: $80.7K π΅ Realized Price: $56.0K π https://t.co/mJ1JCnjTff http://glassno.de/3XDy2xe π Update: With the spot price plunging to"
X Link 2026-02-01T06:21Z 603K followers, 66.6K 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 603K followers, 66.4K 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, 13.9K 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
"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 [----]. π 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%. π 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 603K followers, 50.2K 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 Pulseπ https://glassno.de/4bKIxHy https://glassno.de/4bKIxHy"
X Link 2026-02-09T13:27Z 603K followers, 18.9K 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. π http://glassno.de/3O4vYwO The XRP Realized Price is trading at $1.48. The current market structure is very similar to that of April [----]. π 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 603K followers, 60.7K engagements
"πUPDATE: 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 603K followers, 37.8K 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-Chainπ https://glassno.de/4ksUSCi https://glassno.de/4ksUSCi"
X Link 2026-02-11T18:32Z 603K followers, 25.8K engagements
"#Bitcoin 1M 25-delta skew keeps climbing with puts priced at a premium over calls. Traders are paying up for downside protection reflecting near-term caution while upside optionality looks cheaper with implied vols still near historic lows. https://glassno.de/4nnTxNT https://glassno.de/4nnTxNT"
X Link 2025-09-30T14:23Z 602.4K followers, 22.2K engagements
"The monthly funding paid by longs in Bitcoin perpetuals has declined by 62% from $338M/month in mid-August to $127M/month now. This underscores a clear macro downtrend in speculative appetite as traders grow reluctant to pay interest to maintain long exposure. π http://glassno.de/4oqXban http://glassno.de/4oqXban"
X Link 2025-11-04T13:57Z 602.6K followers, 43.3K engagements
"$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
"π 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. π 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 π Update: During"
X Link 2026-01-12T17:13Z 602.4K followers, 22.1K 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. πhttps://t.co/PGos9nG5gq https://t.co/GDlNEg2Hed"
X Link 2026-01-19T16:00Z 602.4K followers, 53.8K engagements
"The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. π http://glassno.de/4qipTdW ETF flows still show no renewed demand. The 30D-SMA of netflows for both Bitcoin and Ethereum ETFs remains negative. π 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. π https://t.co/FDkkVZ0oUA https://t.co/HCo5f32T0c"
X Link 2026-01-26T22:07Z 602.7K followers, 30.2K 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
"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-Chainπ 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. π§΅ Lets break down why these numbers differ and what they really tell us. π 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: π΄Total LTH spending: 370K BTC π’STH LTH maturation: 226K BTC This yields a net LTH supply decline of 144K BTC matching the observed Net Position Change. Bottom line πNet 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
"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 declineπ§΅ 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-Chainπ 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
"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
"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
"The XRP Realized Price is trading at $1.48. The current market structure is very similar to that of April [----]. π 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 602.4K followers, 30.7K 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
"#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 Pulseπ 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
"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 π 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 602.9K followers, 22.1K engagements
"π Update: With the spot price plunging to $69.7K the key on-chain price models are as follows: π΄ STH Cost Basis: $94.0K π‘ Active Investors Mean: $86.8k π’True Market Mean: $80.1K ---- Spot Price: $69.7K ---- π΅ Realized Price: $55.6K π http://glassno.de/3XDy2xe π Update: With the spot price plunging to $78.6K the key on-chain price models are as follows: π΄ STH Cost Basis: $95.4K π‘ Active Investors Mean: $87.3k π’True Market Mean: $80.5K --- Spot Price: $78.6K --- π΅ Realized Price: $55.9K π https://t.co/mJ1JCnjTff https://t.co/LgPQm4W3ft http://glassno.de/3XDy2xe π Update: With the"
X Link 2026-02-05T14:09Z 602.9K followers, 31.8K 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
"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 2026-02-06T16:53Z 602.3K 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 2026-02-06T16:53Z 602.3K followers, [---] 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
"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
"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 602.9K 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-Chainπ 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, 127.8K 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 603K followers, 37.9K engagements
"π 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. π 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. π§΅ Lets dive in. π Halloween Market Check To play"
X Link 2026-02-07T02:32Z 603K followers, 45.2K engagements
"Assuming the early October ATH marked the end of the recent bull market this cycle saw very modest drawdowns similar to the [--------] market. π http://glassno.de/3ZuY5Yr http://glassno.de/3ZuY5Yr"
X Link 2026-02-11T00:35Z 603K followers, 21.1K engagements
"At $67.4k more than 9.3M bitcoins are underwater. This is the highest level since January [----]. π http://glassno.de/4tBSTA3 http://glassno.de/4tBSTA3"
X Link 2026-02-05T17:28Z 603K followers, 40.8K engagements
"π UPDATE: The 30-day SMA of net flows for both Bitcoin and Ethereum spot ETFs has been negative for most of the last [--] days. There is no sign of renewed demand. π http://glassnode.de/4qipTdW The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. π https://t.co/FDkkVZ0oUA https://t.co/ubcsItha10 http://glassnode.de/4qipTdW The 30D-SMA of netflows for both Bitcoin and Ethereum Spot ETFs remains negative. There is no sign of renewed demand. π https://t.co/FDkkVZ0oUA https://t.co/ubcsItha10"
X Link 2026-02-12T14:17Z 603K followers, 24.6K engagements
"$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 belowπ https://glassno.de/4txMBRD https://glassno.de/4txMBRD"
X Link 2026-02-12T15:51Z 603K followers, 14.7K engagements
"On-chain indicators reflect rising profit realization and slower inflows: Realized Cap Change reached a new cycle high Realized P/L Ratio fell from [---] to [---] Transfer volume rose +43% - large reallocations NUPL and % supply in profit remain at elevated levels"
X Link 2025-07-21T18:21Z 601.7K followers, 17.8K engagements
"Yesterday saw one of the largest #Bitcoin long liquidation events since Dec [----] with over $150M in longs wiped out as price moved lower"
X Link 2025-08-25T14:27Z 601.7K followers, 35.7K engagements
"Short-term investors' on-chain behaviour confirms the market is anticipating a positive outcome from this weeks FOMC meeting. Lets explore more on-chain signals backing this setup. π Bitcoin what is the plan Markets are locked on the FOMC Wednesday with a [--] bps cut priced in and Powells stance under the spotlight for hints. Volatility is guaranteed: the Risk will guide whether BTCs bullish structure holds or if a sell-off looms on the horizon. https://t.co/biqz4L8RiL Bitcoin what is the plan Markets are locked on the FOMC Wednesday with a [--] bps cut priced in and Powells stance under the"
X Link 2025-09-16T15:37Z 601.6K followers, 37.1K engagements
"This chart measures the cumulative profit realized (in BTC) by long-term holders from the moment a new cycle ATH is set until the final peak. So far LTHs have realized 3.4M BTCa historically large volume compared to prior cycles. https://glassno.de/4mr1VuD https://glassno.de/4mr1VuD https://glassno.de/4mr1VuD https://glassno.de/4mr1VuD"
X Link 2025-09-23T12:27Z 601.7K followers, 34.7K engagements
"Liquidity can be assessed through several measures including the Realized Profit-to-Loss Ratio (30D-SMA). For Solana this ratio has traded below [--] 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. π 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
"ETF flows still show no renewed demand. The 30D-SMA of netflows for both Bitcoin and Ethereum ETFs remains negative. π 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 601.6K followers, 14K 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
"π Update: With the spot price surging to $97K the key on-chain price models have now shifted slightly: π΄ STH Cost Basis: $98.4K --- Spot Price: $97K --- π‘ Active Investors Mean: $87.8k π’True Market Mean: $81.1K π΅ Realized Price: $56.2K π http://glassno.de/3XDy2xe π Update: With the spot price trading around $89.9K the key on-chain price models have now shifted slightly: π΄ STH Cost Basis: $98.9K --- Spot Price: $89.9K --- π‘ Active Investors Mean: $87.7k π’True Market Mean: $81.0K π΅ Realized Price: $56.2K π https://t.co/mJ1JCnjTff https://t.co/Nh5FHFV8Q8 http://glassno.de/3XDy2xe π"
X Link 2026-01-15T18:02Z 601.6K followers, 56K engagements
"$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 Pulseπ 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. π 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-Chainπ 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
"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
"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
"$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 Pulseπ 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
"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
"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
"#BTCs average entry price for newer investors and its standard deviation bands help identify overheated zones. $127K marks the +1 level and key resistance; a breakout could open the path to $144K (+2) where prior market tops often trigger increased sell-side pressure"
X Link 2025-08-15T13:23Z 601.9K followers, 35.8K engagements
"Since our Aug [--] post distribution has softened but not reversed. Most $BTC cohorts remain below the [---] threshold indicating sell-side pressure persists. No group is showing strong accumulation (0.8). The market remains in a broadly neutral-to-distribution regime. All $Bitcoin cohorts have now decisively moved into distribution led by the [-----] $BTC group. The uniformity across cohorts highlights broad sell-side pressure emerging in the market. https://t.co/zVZkaPN2Tf All $Bitcoin cohorts have now decisively moved into distribution led by the [-----] $BTC group. The uniformity across cohorts"
X Link 2025-09-15T09:36Z 601.9K followers, 61.1K engagements
"$BTC saw over $100M in long liquidations as price dropped below $115k triggering clustered liquidation levels. Heatmap data highlights concentrations around $113k$114k showing where leverage was most vulnerable. https://glassno.de/4ngQHdy https://glassno.de/4ngQHdy"
X Link 2025-09-22T07:39Z 602.1K followers, 45.3K engagements
"Fridays wipeout triggered the largest futures liquidation in Bitcoins history. Over $11B in open interest was erased as leverage was forcefully unwound. A historic deleveraging event that has reset speculative excess across the market"
X Link 2025-10-13T09:26Z 602K followers, 46.1K 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
"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
"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-Chainπ 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
"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
"π Update: With the spot price plunging to $87.3K the key on-chain price models are as follows: π΄ STH Cost Basis: $96.5K π‘ Active Investors Mean: $87.5k --- Spot Price: $87.3K --- π’True Market Mean: $80.7K π΅ Realized Price: $56.0K π http://glassno.de/3XDy2xe π Update: With the spot price surging to $97K the key on-chain price models have now shifted slightly: π΄ STH Cost Basis: $98.4K --- Spot Price: $97K --- π‘ Active Investors Mean: $87.8k π’True Market Mean: $81.1K π΅ Realized Price: $56.2K π https://t.co/mJ1JCnjTff https://t.co/CGZx7NEeZF http://glassno.de/3XDy2xe π Update: With"
X Link 2026-01-25T19:43Z 602.1K followers, 65.8K 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
"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
"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
"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
"RT @CaitlinLong_: INTERESTING DATA from @glassnodeπ. 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
"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
"#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 602.9K 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 602.8K followers, 14.2K engagements
"US Spot #Bitcoin ETF net inflows in January totaled 45.1K #BTC only slightly below Decembers 45.6K $BTC: https://glassno.de/4hHaG1H https://glassno.de/4hHaG1H"
X Link 2025-02-03T12:37Z 602.8K followers, 21.6K engagements
"#BlackRock added +26.1K $BTC maintaining its position as the top buyer. #Fidelity followed with +12.4K #BTC: #Grayscale outflows were -4K BTC a significant slowdown compared to the last month. Other funds including #Bitwise (+1.65K BTC) and Ark/21 Shares (+3.1K BTC) saw smaller yet notable inflows. https://glassno.de/42M4wZQ https://twitter.com/i/web/status/1886393619386454082 https://glassno.de/42M4wZQ https://glassno.de/42M4wZQ https://twitter.com/i/web/status/1886393619386454082 https://glassno.de/42M4wZQ"
X Link 2025-02-03T12:37Z 602.8K followers, 16.5K engagements
"Assessing the $BTC Sell-offπ§΅: #Bitcoin holders realised the third largest on-chain capitulation in history over the weekend with over $2.18B in realised losses. This compares to: - $1.38B in March [----] - $2.65B in May - $3.45B in June 1/4 Live Chart: https://glassno.de/3EzM8os https://glassno.de/3EzM8os"
X Link 2021-12-06T06:44Z 602.9K followers, [----] engagements
"$BTC long-term holders have already realized more profit this cycle than in all but one prior cycle (201617) highlighting elevated sell-side pressure. Taken alongside other signals this suggests the market has entered a late phase of the cycle"
X Link 2025-08-26T14:50Z 602.9K followers, 279K engagements
"Long-Term Holder NUPL tracks unrealized gains of long-term #Bitcoin holders and tends to peak near market tops. NUPL highs by cycle (bottom-to-bottom): πΈ2011-2015: [----] πΈ2015-2018: [----] πΈ2018-2022: [----] This cycle: [----] with just [--] days above [----] ("extreme greed"): https://glassno.de/3BZg01r https://glassno.de/3BZg01r"
X Link 2025-01-15T15:00Z 603K followers, 64.7K engagements
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/creator/twitter::glassnode