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Glassnode
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Institutional Data and Market Intelligence for Digital Assets. https://studio.glassnode.com/
Show more๐ Analytical overview of Telegram channel Glassnode
Channel Glassnode (@glassnode) in the English language segment is an active participant. Currently, the community unites 44 428 subscribers, ranking 2 837 in the Cryptocurrencies category and 712 in the Malaysia region.
๐ Audience metrics and dynamics
Since its creation on ะฝะตะฒัะดะพะผะพ, the project has demonstrated rapid growth, gathering an audience of 44 428 subscribers.
According to the latest data from 19 June, 2026, the channel demonstrates stable activity. Although there has been a change in the number of participants by -444 over the last 30 days and by -27 over the last 24 hours, overall reach remains high.
- Verification status: Not verified
- Engagement rate (ER): The average audience engagement rate is 10.70%. Within the first 24 hours after publication, content typically collects 5.65% reactions from the total number of subscribers.
- Post reach: On average, each post receives 4 754 views. Within the first day, a publication typically gains 2 510 views.
- Reactions and interaction: The audience actively supports content: the average number of reactions per post is 15.
- Thematic interests: Content is focused on key topics such as inflow, investor, eth, basis, cycle.
๐ Description and content policy
The author describes the resource as a platform for expressing subjective opinions:
โInstitutional Data and Market Intelligence for Digital Assets.
https://studio.glassnode.com/โ
Thanks to the high frequency of updates (latest data received on 20 June, 2026), the channel maintains relevance and a high level of publication reach. Analytics show that the audience actively interacts with content, making it an important point of influence in the Cryptocurrencies category.
44 428
Subscribers
-2724 hours
-1147 days
-44430 days
Posts Archive
44 428
Over the past three weeks, BlackRockโs spot BTC ETF has seen less than 0.6k BTC in weekly net inflows.
This is a sharp decline from the >10K BTC net inflow per week that preceded each major rally this cycle, signalling a notable slowdown in institutional demand.
๐http://glassno.de/USSpotETFFlows
44 428
Short-Term Holders are facing renewed pressure as recent buyers move into a loss.
Historically, such periods of STH stress and capitulation have marked attractive accumulation opportunities for patient investors.
๐https://glassno.de/4oqsJwY
44 428
Since early August, XRP price has dropped from $3.3 to $2.4 (-27% ๐ฝ).
At the same time, long-term holders who accumulated before Nov 2024 ramped up their spending by ~580%, from $38M/day to $260M/day (7D-SMA)
A clear sign of seasoned traders exiting and adding pressure to price action.
๐glassno.de/3WtnfFv
44 428
#BTC Options Weekly
The Fed delivered the expected rate cut, but the hawkish tone for December has cooled optimism. The initial rally faded as traders moved back into cautious mode, a shift clearly reflected in BTCโs options market.
Check out our latest BTC Options Weekly
44 428
#BTC retested the 0.85 cost-basis band around $109K, historically a make-or-break level.
Holding it has sparked major rallies, but losing it often sees a slide toward the 0.75 band ($98K).
๐https://glassno.de/47kDhHS
44 428
These investors accumulated heavily between October 2024 (election period) & April 2025, with a cost basis ranging from $70k to $96k, averaging around $93k.
A breakdown below the $93kโ$96k range would mark maximum pain for this cohort.
๐ https://glassno.de/4qzGXgv
44 428
Filtering by age cohort reveals that 6mโ12m holders drove over 50% of recent sell pressureโespecially during the late stages of the top formation.
Around the $126k ATH, their spending exceeded $648M/day (7D-SMA); over 5x their baseline earlier in 2025.
๐https://glassno.de/4oPMJZT
44 428
Long-term holder spending rose from ~$1B/day (7D-SMA) in mid-July to $2โ3B/day by early October.
Unlike previous high-spending phases in this cycle, this distribution regime has been gradual and persistent, rather than marked by a sharp spike.
๐ https://glassno.de/3X4EPQc
44 428
Yesterday, U.S. Spot Bitcoin ETFs saw a net outflow of โ$93M, highlighting rising sell pressure from TradFi investors and renewed weakness in institutional demand.
๐https://glassno.de/4oN6SQ5
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The Week On-Chain 43, 2025
Bitcoin remains stuck below key cost-basis levels as demand softens and long-term holders sell. Volatility is subdued but uneasy, leaving markets vulnerable to a hawkish Fed surprise.
Executive Summary
- Bitcoinโs weekend rebound from the $107Kโ$118K supply cluster mirrored previous post-ATH relief rallies, but sustained sell pressure from long-term holders has limited follow-through.
- The market continues to struggle above the short-term holdersโ cost basis (~$113K), a critical battleground between bull and bear momentum. Failure to reclaim this level raises the risk of deeper retracement toward the Active Investorsโ Realized Price (~$88K).
- Short-term holders are exiting at a loss, while long-term holders remain heavy net distributors (~โ104K BTC/month), signaling waning conviction and ongoing supply absorption.
- Implied volatility has cooled sharply after Octoberโs crash, with skew flattening and options flows reflecting controlled upside and measured downside hedging.
- The current calm in volatility hinges on the Federal Reserveโs next decision. A dovish outcome would preserve stability, but any hawkish surprise could reignite volatility and downside protection demand
Read more in The Week On-Chain newsletter
44 428
+1
#BTC Futures are still seeing muted activity following the historic wipeout on 10/10.
Open Interest is still ยฑ30% off the highs, and Funding is close to neutral.
๐https://glassno.de/4nEmUek
44 428
The bounce from $107k coincided with US Spot ETF netflows turning positive. However, inflows remain <1k BTC/day, significantly lower than >2.5k BTC/day seen at the start of major rallies this cycle.
Demand is recovering, but not at the intensity of recent rallies.
๐ https://glassno.de/4htoZIg
44 428
Bitcoinโs cost basis distribution shows support near $111K and heavy supply around $117K.
This range defines the current battleground between recent buyers and profit-takers. A break in either direction could set the tone for the next major move.
๐https://glassno.de/3WXsmOb
44 428
+5
#Bitcoin is stabilizing as sell pressure eases and profitability improves, but muted activity and selective participation suggest a cautious, rangebound market until major demand steps in.
Read more in this weekโs Market Pulse๐
https://glassno.de/47aJrdz
44 428
The Stablecoin Supply Ratio (SSR) Oscillator continues to sit near cycle lows, indicating ample stablecoin liquidity relative to Bitcoin. Historically, such periods precede stronger bid-side support when market confidence returns.
๐https://glassno.de/4osY1n7
44 428
A hallmark of bull markets is a low Relative Unrealized Loss, typically <5%. This metric tracks the USD loss of all coins currently underwater, normalized by market cap.
The current bull market has held this structure since November 2023, making it more persistent than the equivalent phases in the last two cycles.
๐https://glassno.de/3L8BbSI
44 428
#BTC Options Weekly
The BTC options market keeps expanding fast, shaping how traders price risk and volatility. Reading implied volatility, skew, and options flows helps spot shifts in sentiment before price reacts.
Check out our latest BTC Options Weekly
44 428
Spot Bitcoin ETFs are seeing net outflows, which have often clustered around local market lows as sentiment unwinds.
When flows stabilize or turn positive, it has historically aligned with renewed demand and the early stages of trend recovery.
๐https://glassno.de/42XGsml
44 428
The new Multi-Asset Explorer dashboard lets you apply a trusted Glassnode metric across 1000+ assets simultaneously and display it in a single heatmap-based interface. Use this powerful tool to get a global read on market-wide liquidity trends, sentiment shifts, and structural changes across the digital asset ecosystem. With sector-level aggregation and flexible filtering built in.
๐ Find out more
https://glassno.de/4qud0OY
๐ Explore dashboard
https://glassno.de/47huEMY
44 428
$BTC Net-premium flows reveal concentrated selling across the $109Kโ$115K range, indicating that recent moves higher are being used to hedge.
This suggests traders are positioning defensively into strength while the market consolidates.
๐ https://glassno.de/3WkStyy
