Tag Archives: glassnode

New Ethereum Addresses Hit 200K: What’s Behind The Massive Spike?

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Ethereum adoption is soaring, with the network just passing a critical milestone that has analysts forecasting a price recovery. On January 24th and 25th, Ethereum experienced a rise in daily active addresses, exceeding 200,000—a number not seen since October 2022. This huge increase reflects the network’s increased engagement and importance in decentralized finance (DeFi) and… Continue reading New Ethereum Addresses Hit 200K: What’s Behind The Massive Spike?→

Bitcoin Profit-Taking Drops 93% From December Peak – What’s Next For BTC?

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After testing the low $90,000 price level multiple times over the past two months, Bitcoin (BTC) briefly broke out of its tight trading range earlier this week, reaching a new all-time high (ATH) of $108,786. However, a recent report by Glassnode suggests that the sustained consolidation observed in recent months may be nearing its end,… Continue reading Bitcoin Profit-Taking Drops 93% From December Peak – What’s Next For BTC?→

Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price?

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The Bitcoin market experienced a modest recovery over the past week following the 15.7% correction in the latter half of December 2024. Amidst this recent price gain, developments from the short-term holders (STH) activity have revealed significant indications for Bitcoin in the coming days. Bitcoin STH MVRV At 1.1 With More Room To Run According… Continue reading Short-Term Bitcoin Holders See 10% Profit – Potential Impact On Price?→

Solana MVRV Signals More Gains Ahead Amid Market Downturn: Analysts

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Amid a crypto market mayhem over the past week, Solana (SOL) has suffered significant losses to the tune of 17.13%,. according to data from CoinMarketCap.  This decline adds to the token’s steep price movement after it reached a new all-time high of $263.83 following the US Presidential elections in November. However, with the crypto bull… Continue reading Solana MVRV Signals More Gains Ahead Amid Market Downturn: Analysts→

Is The Bitcoin Top In For This Cycle? On-Chain Signals You Need To Know

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Bitcoin’s price retracement from its new all-time high of $108,353 on Tuesday to around $96,000 (a -11.5% pullback) has ignited intense speculation about whether the current bull cycle is nearing its peak. To address growing uncertainty, Rafael Schultze-Kraft, co-founder of on-chain analytics provider Glassnode, released a thread on X detailing 18 on-chain metrics and models.… Continue reading Is The Bitcoin Top In For This Cycle? On-Chain Signals You Need To Know→

Solana Struggles Against Bitcoin & Ethereum: Glassnode Explains Why

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The on-chain analytics firm Glassnode has revealed the reason why Solana (SOL) has recently been lagging behind Bitcoin (BTC) and Ethereum (ETH). Solana Realized Cap Growth Has Slowed Down Recently In a new post on X, Glassnode has discussed about how the recent performance of Solana has stacked up against the two largest coins in… Continue reading Solana Struggles Against Bitcoin & Ethereum: Glassnode Explains Why→

Solana Investors Stay Firm As Selling Pressure Eases – Details

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Solana (SOL) has been in the news over the last few weeks, albeit for different reasons. The popular altcoin was one of the many benefactors of a Donald Trump presidential victory, rising by 67.69% in three weeks after November 5 to reach a new-all time of $263.  However, this price surge has been followed by… Continue reading Solana Investors Stay Firm As Selling Pressure Eases – Details→

Bitcoin Traders Retain High Leverage Amidst Decline In Funding Rates – Details

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After hitting the $100,000 milestone, Bitcoin suffered a sudden price crash on Friday resulting in an estimated price loss of 7%. During this decline, the asset’s perpetual funding rates in the derivative markets took a hit. However, traders may yet retain enough leverage to strongly influence price volatility. Bitcoin Short-Term Outlook Uncertain Due To Heightened… Continue reading Bitcoin Traders Retain High Leverage Amidst Decline In Funding Rates – Details→

Bitcoin Profit Taking Relatively Muted Amid $93K Rally – Can BTC Climb Higher?

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Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge. Low Profit-Taking For Bitcoin In Current Cycle According to a recent spot… Continue reading Bitcoin Profit Taking Relatively Muted Amid $93K Rally – Can BTC Climb Higher?→

Bitcoin Realized Cap At All-Time High As Price Hits $77,000 For The First Time

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The Bitcoin price and the entire crypto market have been on a tear since the outcome of the United States elections was announced in the early hours of Wednesday, November 6. The premier cryptocurrency specifically has breached and printed new all-time high prices over the past few days. Interestingly, the price of BTC has shown… Continue reading Bitcoin Realized Cap At All-Time High As Price Hits $77,000 For The First Time→