Glassnode

Bitcoin possibly undervalued as Mayer Multiple hits lowest level since FTX collapse

August 8, 2024 Coin Telegraph

Bitbo

The popular Bitcoin valuation metric hasn’t been at this level since November 2022, when cryptocurrency exchange FTX went down.

A widely used Bitcoin valuation indicator is flashing red, signaling that Bitcoin hasn’t been this undervalued since the collapse of the cryptocurrency exchange FTX at the end of 2022.

“If you believe the Bitcoin price will be higher in 6-12 months, then this is objectively a fantastic time to buy,” crypto education resource On-Chain College wrote in an Aug. 7 X post, referring to the Bitcoin (BTC) Mayer Multiple chart.

The indicator compares Bitcoin’s current price to its 200-day moving average, and the resulting ratio is used as a buy or sell signal. Its creator, Trace Mayer, considers a reading below 2.4 to be “buy” territory.

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Bitcoin Faces ‘Mid-Cycle Wipeout’ as Markets Plunge: Glassnode Report

August 7, 2024 Bitcoin.com

Bitcoin

The latest report from onchain analysis firm Glassnode highlights a significant market downturn, marked by a 32% decline in bitcoin’s value, the largest drawdown of the current cycle. The study underscores the critical impact of this downturn on investor sentiment and the broader market dynamics. Glassnode Report: Bitcoin’s 32% Plunge Signals Mid-Cycle Market Low Glassnode‘s […]

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Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports

July 28, 2024 Bitcoin.com

Bitcoin

Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of the cryptocurrency market. Glassnode Analysis Highlights Significant Gains for Bitcoin Short-Term Holders The latest […]

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Coinbase and Glassnode Report Highlights a Stabilizing Crypto Market 

July 26, 2024 Bitcoin.com

bitcoin.com

A recent joint report by Coinbase Institutional and the onchain analytics firm Glassnode reveals a maturing and stabilizing cryptocurrency market despite recent price corrections. The analysis highlights robust trading volumes, increasing onchain activity, and significant progress in regulatory frameworks. Crypto Market Matures Amid Price Corrections: Coinbase and Glassnode Report The study shows the third quarter […]

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

July 18, 2024 Bitcoin.com

Bitcoin

The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF […]

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Bitcoin price rally to $65K fueled by ‘complete exhaustion’ from sellers — Glassnode

July 16, 2024 Coin Telegraph

bitcoin etf

Bitcoin price displayed surprising strength after various market participants absorbed over 48,000 BTC that the German government sold.

Bitcoin (BTC) price is experiencing a “near-term sell-side relief” as it marched through$65,000, according to onchain data from Glassnode. 

Data from Cointelegraph Markets Pro and TradingView reveals that in the ongoing recovery, the price of Bitcoin has rallied more than 20% from a low of $56,616 on Friday, July 12, to an intraday high of $65,210 on July 16, which Glassnode attributes to “complete exhaustion of the German government sell-side pressure.”

According to the market intelligence firm, large entities, including miners and institutions, have historically been primary sources of sell-side pressure. The recent drawdown in Bitcoin price to $53,000 has largely been attributed to expected repayments by the defunct Japan-based crypto exchange Mt. Gox and BTC sales by the German government.

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Market Signal That Preceded a 400% Altcoin Rally in 2020 Currently Flashing Bullish, Say Glassnode Co-Founders

July 12, 2024 The Daily Hodl

Altcoins

A key indicator that predated a 400% altcoin rally is once again flashing bullish, according to the co-founders of market intelligence firm Glassnode. In a new thread, Glassnode co-founders Jan Happel and Yann Allemann – who go by the handle Negentropic – tell their 63,300 followers on the social media platform X that investors are […]

The post Market Signal That Preceded a 400% Altcoin Rally in 2020 Currently Flashing Bullish, Say Glassnode Co-Founders appeared first on The Daily Hodl.

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Digital Assets Thrive in H1 2024, CME and Glassnode Report Finds

July 12, 2024 Bitcoin.com

Bitcoin

Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as a crucial asset class with unique opportunities and inherent risks. Institutional Interest Drives Digital Asset Growth […]

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline

July 10, 2024 Bitcoin.com

Bitcoin

Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […]

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report

Bitcoin Could Skyrocket by Nearly 2x Before Hitting Cycle Top, Glassnode Co-Founders Say – Here’s Their Outlook

July 6, 2024 The Daily Hodl

Bitcoin

The co-founders of crypto market intelligence firm Glassnode say that Bitcoin (BTC) could double up before finding its cycle top. In a new thread, Glassnode co-founders Jan Happel and Yann Allemann  – who go by the handle Negentropic – tell their 63,300 followers on the social media platform X that market sentiment appears to be […]

The post Bitcoin Could Skyrocket by Nearly 2x Before Hitting Cycle Top, Glassnode Co-Founders Say – Here’s Their Outlook appeared first on The Daily Hodl.

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Possible Trump Pick for SEC Chair Outlines Plan To Position US as One of Global Leaders in Crypto: Report