Data from the on-chain analytics firm Glassnode has revealed that around 9.5% of the Bitcoin supply changed hands above the $60,000 level. 1.87 Million Bitcoin Was Acquired At Price Levels Higher Than $60,000 In its latest weekly report, Glassnode has shared how the supply distribution of Bitcoin looks in terms of which levels the investors […]
According to on-chain data analysis by Glassnode, Bitcoin is at a critical juncture. When BTC soared to $73,800 in March 2024, printing new all-time highs, the Bitcoin market reached a statistically significant level regarding on-chain unrealized profits, according to the Market Value to Realized Value (MVRV) ratio. Bitcoin MVRV Ratio At Historically Significant Level: Time […]
Stablecoins are now emerging as a pivotal force, particularly influencing Bitcoin’s recent price movements. Data from the on-chain analytics firm Glassnode reveals a notable shift in the stablecoin supply ratio (SSR) oscillator, signaling an increase in stablecoin “buying power.” This trend has become a significant factor contributing to Bitcoin’s price performance. Stablecoin Supply Moves 3.5% […]
Several crypto analysts have weighed in on when the next bull run is likely to begin. A majority of them pinpointed the Bitcoin Halving as what will trigger this next cycle. With this in mind, crypto analytics firm Glassnode has provided insights as to when to expect the next bull market. Bitcoin Halving Now 100 […]
Following a relatively quiet start to the week, Ethereum’s price seems to have returned to some of its early December promises. However, the latest on-chain revelation shows that the “king of altcoins” might be facing some uncertainty over the coming the coming weeks. A massive amount of ETH has made its way to centralized exchanges […]
The on-chain analytics firm Glassnode has explained why the current Bitcoin rally is looking different from the last two surges of this year. Bitcoin Has Seen Aggressive Accumulation Throughout The Latest Rally According to the latest weekly report from Glassnode, BTC has seen some heavy accumulation recently. The indicator of interest here is the “accumulation […]