现已上线！2025 年 Telegram 研究 — 年度关键洞察 
Glassnode
前往频道在 Telegram
Institutional Data and Market Intelligence for Digital Assets. https://studio.glassnode.com/
显示更多📈 Telegram 频道 Glassnode 的分析概览
频道 Glassnode (@glassnode) 英语 语言赛道中的 是活跃参与者。目前社区聚集了 44 368 名订阅者，在 加密货币 类别中位列第 2 828，并在 马来西亚 地区排名第 712 位。
📊 受众指标与增长动态
自 невідомо 创建以来，项目保持高速增长，吸引了 44 368 名订阅者。
根据 23 六月, 2026 的最新数据，频道保持稳定运转。过去 30 天订阅人数变化为 -441，过去 24 小时变化为 -7，整体触达仍然可观。
- 认证状态： 未认证
- 互动率 (ER)： 平均受众互动率为 10.20%。内容发布后 24 小时内通常能获得 5.57% 的反应，占订阅者总量。
- 帖子覆盖： 每篇帖子平均可获得 4 526 次浏览，首日通常累积 2 473 次浏览。
- 互动与反馈： 受众积极参与，单帖平均反应数为 15。
- 主题关注点： 内容集中在 inflow, investor, eth, basis, cycle 等核心主题上。
📝 描述与内容策略
作者将该频道定位为表达主观观点的平台：
“Institutional Data and Market Intelligence for Digital Assets.
https://studio.glassnode.com/”
凭借高频更新（最新数据采集于 24 六月, 2026），频道始终保持新鲜度与高覆盖。分析显示受众积极互动，使其成为 加密货币 类别中的关键影响点。
44 368
订阅者
-724 小时
-1067 天
-44130 天
帖子存档
44 361
We can see this in the Exchange net position change metric which has been in a net outflow regime since March 2020.
May-July was the primary period of net inflows, however this has been fully reversed.
Exchanges are currently seeing modest outflows of around 20k $BTC per month.
Live Chart
44 361
#Bitcoin balances on exchanges has plateaued throughout October.
Total exchange balance in those we track is at around 2.45M $BTC, which is equivalent to ~Aug 2018 levels
From the 3.11M $BTC ATH in Mar 2020, a total of 657k $BTC have flowed out, equal to 21% of the ATH balance.
Live Chart
44 361
#Bitcoin on-chain activity has been on a consistent grind higher through Aug-Oct.
Many activity metrics are up ~24% since the $29k low set in late July.
Active Addresses +179k/day
Active Entities +51k/day
Transaction Counts +43k/day
Live Chart
44 361
#Bitcoin Long-Term Holders Supply is currently increasing at between 13x and 15x $BTC issuance.
In other words, LTHs are stacking sats 13x faster than fresh coins are being minted by miners.
Read Analysis
Video Report
44 361
The Week Onchain Video Analysis Week #41 is live!
We analyse a broad range of topics across the market
- Elevated on-chain activity
- Growth in Long-Term Holder Supply
- Accumulation, spending and HODLing behaviour
- Rising leverage in derivative markets
44 361
#Bitcoin on-chain fundamentals continue to paint a bullish picture, with Long-Term Holder supply hitting ATH
Leverage has also crept back into derivatives, with futures premiums, open interest and funding rates on the rise
Read more in The Week On-chain
44 361
#Bitcoin Long-Term Holders are those who have the lowest time preference, and the longest time horizon.
In our latest research piece by TXMC, we present a deep dive analysis into the psychology, and market fractals for #Bitcoin's strongest hands.
Read our analysis on #Bitcoin Long-Term Holders here
44 361
#Bitcoin Entities in Profit has risen to 94.3%.
Over 16.2% of all on-chain entities have returned to profit since the Sept lows.
The last time this many network entities were in profit was before the sell-off in May.
Live Chart
44 361
The Week Onchain Video Report #40 is live!
This week we analyse the changes in #Bitcoin profitability for holders and what this tells us about recent $BTC accumulation
We also analyse the mining recovery and positive flip of the Difficulty Ribbon metric
Live Dashboard
Video Report
44 361
#Bitcoin rallied last week, breaking out of an accumulation range where 10.3% of $BTC supply last moved.
In the mining industry, the difficulty ribbon is about to signal positive recovery, as miner revenues reach $40M/day.
Read more in The Week Onchain
44 361
The total value paid to #Bitcoin miners via the block reward (subsidy + fees) is hovering around $40M/day.
Compared to the 2020 Halving, current USD miner revenue is:
- 275% higher vs pre-halving (12.5 $BTC/blk subsidy)
- 630% higher vs post-halving (6.25 $BTC/blk subsidy)
44 361
#Bitcoin Short-term Holders are currently seeing their conviction tested.
The STH-SOPR metric trades at or below 1.0 in:
- Bullish shake-outs
- Bear markets
- Capitulation events
STHs are currently realising minor losses on-chain, spending coins that last moved at higher prices
44 361
The Week Onchain #39 Video Analysis is live.
We analyse the current bearish #Bitcoin market structure, as well as the bullish supply dynamic undertones.
We also cover our new suite of Lightning Network metrics which are all breaking all-time-highs⚡️
Be sure to check our Video Portal on Glassnode Studio for more analysis and metric tutorials.
44 361
During a volatile week, #Bitcoin investors have had their conviction tested.
This week, we assess both bullish and bearish indicators for the current market structure, and deep dive into our new Lightning Network metrics⚡️
Read more in The Week Onchain
44 361
The total volume of #Bitcoin held by Long-Term Holders has reached a new all-time-high of 80.5% of circulating $BTC.
The breakdown of circulating supply is:
- LTH supply profit = 71.1%
- LTH supply in loss = 9.4%
- STH supply = 19.5%
Live chart
44 361
#Bitcoin Lightning Network now at an all-time-high of over 72,380 open payment channels.
This is up 226% from the stable baseline of ~32k channels established throughout 2019-20.
Live Chart
44 361
#Bitcoin has experienced a strong correction this week, with prices trading down to $40k.
In the Week 38 Video Report, we:
- assess the derivatives and market response
- analyse on-chain spending behaviour
- explore the Thermocap valuation model
44 361
When the #Bitcoin market experiences significant price moves, we can assess the change in profitable on-chain entities to gauge zones of cost basis concentration.
Approximately 8.6% of on-chain entities (wallets with the same owner) have a cost basis between $43k and $48k.
44 361
As #Bitcoin markets experiences further downside volatility, Long-term Holders are strategically spending coins.
$BTC exchange balances continue to see strong outflows, and the #Bitcoin Thermocap surpasses a $30B valuation.
Read more in The Week On-chain
44 361
#Bitcoin Thermocap is calculated as the cumulative sum of USD block rewards paid to miners
It reflects the aggregate 'cost of production' for all circulating $BTC.
The Thermocap just passed $30.3B.
At a market cap of $900B, #Bitcoin is worth 29.7x more that its total input cost.
