Category: Glassnode

Long-term Bitcoin bulls hodl strong despite five-month price high

October 12, 2021

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Bitcoin wallets that haven’t seen outflows for more five months and are currently sitting on $754 billion worth of the asset. 5335 Total views 34 Total shares On-chain analytics provider glassnode reports that long-term Bitcoin holders are refusing to sell despite the BTC markets rallying to a five-month price high. In its Oct. 11 “Week […]

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Bitcoin erases May crash losses as BTC price rebounds to $44K

August 7, 2021

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Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19 crash.  Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020. Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.com At least […]

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This key Bitcoin price indicator shows pro traders buying each dip

August 3, 2021

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Bitcoin (BTC) might have failed to sustain the $42,000 support, and for many, this is a slightly bearish sign. Interestingly, the downward move occurred shortly after Saudi Aramco, KSA’s largest oil exporter, denied claiming to start mining Bitcoin. Top traders at exchanges seized the opportunity to add leverage-long positions, a clear bullishness indicator. Furthermore, margin […]

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Bitcoin outflows from centralized exchanges surge to 100K BTC monthly

August 3, 2021

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Centralized exchanges have experienced their heaviest week of Bitcoin withdrawals since November 2020. 6846 Total views 71 Total shares Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days. According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have […]

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Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K

July 11, 2021

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Bitcoin (BTC)  price remained relatively flat over the weekend, inching closer to $34,000 on July 11. Nevertheless, BTC/USD has tumbled by almost 50% from its all-time high, near $65,000 in mid-April. But the massive downside move has not deterred investors from betting on the digital asset’s long-term bullish outlook. According to one of the Glassnode […]

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3 on-chain indicators suggest the Bitcoin price sell-off is losing steam

May 31, 2021

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Bitcoin has entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000, but it failed to log a clear bullish breakout above this resistance level, and at the time of writing, the price remains pinned below $40,000. The latest price […]

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Everyone is buying the dip, but are they all buying BTC?

May 21, 2021

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Despite Glassnode charts showing Bitcoiners are filling their bags, exchanges are seeing record inflows as investors trade their BTC for ETH. 11504 Total views 19 Total shares Many retail Bitcoiners bought the dip amid this week’s crypto market bloodbath, with on-chain data showing the small guys have accumulated an additional 12,000 Bitcoin (BTC) in the […]

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ETH price regains $4K as possible Ethereum 2.0 ‘full validator’ count hits 17-month low

May 14, 2021

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Glassnode data reveals that the number of Ethereum addresses holding at least 32 ETH has declined steadily in recent months. 24574 Total views 44 Total shares The number of Ethereum addresses that hold more than or equal to 32 Ether (ETH) has been declining, pointing at a possible lack of interest among traders and investors […]

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‘Insane’ Bitcoin price consolidation means $48K is the new BTC support level

February 18, 2021

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A fundamental shift in technicals suggests that bulls should treat $48,000 like the new $35,000, says Glassnode. 17798 Total views 51 Total shares Bitcoin (BTC) has seen “unreal” price consolidation since the start of February 2021 — and fundamental support is now at $48,000. According to on-chain monitoring resource Glassnode, the second month of the […]

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