New data from market analytics firm Glassnode reveals that traders are keeping their Solana (SOL) stacks amid expectations that its price will continue to rise. In a new thread on the social media platform X, Glassnode says that long-term holders now own a significant supply of SOL, believing that Solana’s bullish phase is far from […]
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New data from market intelligence firm Glassnode reveals that decentralized oracle network Chainlink (LINK) is gaining on-chain momentum as its price rises. In a new thread on the social media platform X, Glassnode says that LINK’s fundamentals are improving along with its active address momentum and rising price tag. “While LINK’s price surge was clearly […]
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Bitcoin’s price surge toward $100,000 has triggered record-breaking profit realization and intensified distribution activity among long-term holders, according to Glassnode and its researchers, Ukuria OC and Cryptovizart. Glassnode Insights: Bitcoin’s Rally Reveals a Record $2 Billion in Daily Profits As bitcoin (BTC) prices edge closer to six figures, long-term holders are actively redistributing their holdings. […]
The co-founders of market intelligence platform Glassnode say that once Bitcoin (BTC) hits the $100,000 milestone, investors could start taking profits. In a new thread, Glassnode founders Jan Happel and Yann Allemann – who go by the handle “Negentropic” – tell their 63,200 subscribers on the social media platform X that the crypto king could […]
The post Bitcoin Just a Step Away From a Major Bullish Milestone, Says Glassnode Co-Founders – But There’s a Catch appeared first on The Daily Hodl.
Since Bitcoin broke past its March high of $73,679, Bitcoiners have pulled $20.4 billion in realized profits, but Glassnode says “further gains” may lie ahead.
Bitcoin has surged over 40% since Oct. 13, and traders remain confident in its upside potential, pointing out that profit-taking is only about half as intense as during previous all-time high cycles.
“While profit-taking is substantial, it remains below historical peaks, suggesting additional room for further gains before reaching potential demand exhaustion,” crypto analysis firm Glassnode said in a Nov. 12 market report.
“We’ve observed $20.4 billion in realized profits since entering this latest ATH discovery phase,” the report added.
Transfer volume on the Solana blockchain exploded recently and surged to multiple times higher than the total SOL market cap, according to the crypto analytics firm Glassnode. Glassnode notes that SOL clocked $224 billion worth of transfer volume in a single day, nearly 3x of the asset’s market cap, which sits around $78 billion at […]
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Bitcoin’s recent price rally to $69,000 marked a notable shift, according to research from Glassnode and onchain analysts Ukuria OC and Cryptovizart. Bitcoin’s Rally to $69K: Glassnode’s Analysis on What’s Next for the Market The recent surge in bitcoin’s (BTC) spot price to $69,000 has brought relief to investors after months of stagnant trading, per […]
The co-founders of the crypto analytics platform Glassnode believe that Bitcoin (BTC) is primed to head to uncharted territory following an extended consolidation period this year. Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,200 followers on the social media platform X that “the battle for $69,000 is on” for […]
The post Glassnode Co-Founders Name One Catalyst That Could Trigger Bitcoin FOMO, Say Battle for $69,000 Is On appeared first on The Daily Hodl.
According to a recent joint report by Glassnode and Coinbase Institutional, the fourth quarter of 2024 is marked by an evolving landscape in the crypto markets. Researchers from both entities underscore the significance of these developments, driven by key metrics and trends shaping the broader industry. Institutional Insights Signal a Maturing Crypto Market in Q4 […]
Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high "for the spread."
Bitcoin’s (BTC) market capitalization has reached $1.35 trillion, now over $1 trillion more than the number two cryptocurrency, Ethereum, amid BTC’s price trading just above $68,000.
The 8.9%% rise in Bitcoin’s market cap — the total value of all virtual issued money — since Oct. 12 has sparked further speculation that Bitcoin has plenty of upward momentum left.
“Bitcoin now has a $1 Trillion market cap lead over Ethereum, a new ATH for the spread,” Glassnode lead analyst James Check opined in an Oct. 19 X post.
