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Glassnode
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Institutional Data and Market Intelligence for Digital Assets. https://studio.glassnode.com/
Show moreπ 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.
π Audience metrics and dynamics
Since its creation on Π½Π΅Π²ΡΠ΄ΠΎΠΌΠΎ, 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.
π Description and content policy
The author describes the resource as a platform for expressing subjective opinions:
βInstitutional Data and Market Intelligence for Digital Assets.
https://studio.glassnode.com/β
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
44 423
π§΅/3 - We saw the largest open interest wipe-out in history. For #BTC alone, over $10B in open interest was erased across all major exchanges.
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π§΅/2 - Altcoin funding rates plunged to a median of -0.4 yesterday β levels not seen since the 2022 bear market. Today, theyβve reset and bounced back above zero, signaling a swift shift in positioning.
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π§΅/1- While #Bitcoin corrected comparatively mildly, unsurprisingly, alts saw one of the sharpest daily drawdowns in years: the median return across alts was as low as β20%.
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Analyzing the behavior of XRP investors who accumulated below ~$1, we see significant profit-taking as price surged above $2 (>100% gains). Two major realization wavesβDec 2024 and July 2025βhave so far exhausted much of the marketβs bullish momentum.
πhttps://glassno.de/4q5doTC
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#BTC ETF inflows have continued despite the recent pullback, showing that institutional demand remains steady even as derivatives traders get chopped.
This suggests structural buying is still underpinning the market, helping to absorb volatility and stabilize price action.
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#BTC Futures Open Interest remains elevated as both longs and shorts are being whipsawed by sharp price swings. The market is undergoing a leverage reset, with volatility flushing out excess positioning on both sides.
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#BTC Futures Open Interest remains elevated as both longs and shorts are being whipsawed by sharp price swings. The market is undergoing a leverage reset, with volatility flushing out excess positioning on both sides.
44 423
#Bitcoin continues to trade well above the Short-Term Holder Cost Basis.
The rally remains below the Heated zone (+1 STD), suggesting momentum is high but approaching short-term risk conditions.
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The Week On-Chain 40, 2025
Bitcoin broke above the $114kβ$117k supply zone to new highs near $126k, driven by strong ETF inflows and mid-tier accumulation. On-chain remains firm, though rising leverage adds short-term risk.
Executive Summary
- On-chain profitability has surged, with 97% of supply now in profit. While elevated profit levels often precede consolidation, realized profits remain contained, suggesting an orderly rotation rather than distribution pressure.
- The $117K supply cluster has been flipped into support, marking a structural pivot where small and mid-sized holders continue to accumulate, offsetting moderate profit-taking from larger entities.
- Bitcoin has broken to new all-time highs near $126K, driven by renewed spot demand and record ETF inflows exceeding $2.2B. The surge in institutional participation has lifted both price and market activity, with spot volumes reaching multi-month highs as Q4 begins.
- Derivatives markets expanded sharply during the rally, with futures open interest and funding rates rising as late longs entered. The current pullback is now testing this leverage, helping to reset positioning and restore balance.
- In the options market, implied volatility has lifted, skew turned neutral, and call-heavy flows dominate. Momentum remains strong, but bullish positioning is becoming increasingly crowded.
Read more in The Week On-Chain newsletter
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Large traders demonstrated expert timing as $BTC reversed from recent highs.
The shift to a net short bias suggests profit-taking on longs alongside new short positioning.
Track these shifts in positioning in real time:
πhttps://glassno.de/3KFjk5N
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With the price breaking above $117k, over 95% of the circulating supply has returned to profit.
This is a hallmark of Euphoria phases, where widespread profitability often fuels accelerated profit-taking and rising market risk.
π:https://glassno.de/4nDmNQG
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#BTC Futures Open Interest rose sharply as traders added longs during the breakout to new highs.
The current pullback is testing these positions, helping to reset leverage. It will be key to see where buyers step in and whether support levels attract renewed demand.
π https://glassno.de/46GsDen
44 423
Bitcoinβs cost basis distribution shows thin support between $121K and $120K, with a key cluster near $117K where around 190K BTC were last acquired.
A pullback into this area could attract demand as recent buyers defend the level.
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+5
#Bitcoin has hit a new all-time high above $125K, driven by strong ETF inflows, renewed spot demand, and rising on-chain activity. The rally appears structurally supported, not purely speculative.
Read more in this weekβs Market Pulseπ
https://glassno.de/46CWbcJ
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#Bitcoin spot ETF flows have turned sharply positive, driving price to new all-time highs.
Renewed institutional demand is reinforcing market momentum, marking a key shift in capital flows after weeks of outflows.
Sustained inflows signal strengthening structural support into Q4.
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The Trend Accumulation Score highlights a shift in recent days. Mid-sized #BTC holders are accumulating strongly, whale distribution has moderated, and smaller entities remain neutral. This points to fresh structural demand emerging despite continued large holder selling.
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The Week On-Chain 39, 2025
Bitcoin holds support at the STH cost basis, with ETFs and slowing LTH sell pressure adding stability. Options reset post-expiry as OI rebuilds, vol eases, and flows tilt toward cautious Q4 upside.
Executive Summary
- STH cost basis defended repeatedly, acting as a key pivot between bullish continuation and downside risk. Resistance sits near $118k supply cluster.
- LTH selling cooled after months of distribution, while ETF inflows resumed, stabilizing market structure.
- Fear & Greed Index slid from Greed to Neutral/Fear, showing profit-taking and reduced risk appetite.
- RVT trends confirm cooling, with fewer profits realized relative to network value.
- Options OI reset post-record expiry, now rebuilding into Q4 with room for fresh positioning.
- Volatility easing: front-end IV declining, skew normalizing, term structure in contango with back-end IV steady at 39β43%.
- Flows show cautious upside: traders adding risk reversals, cheap convexity, while selling puts.
- Dealer gamma balanced, muting hedging flows and dampening intraday volatility; no large expiries ahead.
Read more in The Week On-Chain newsletter
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#Bitcoin US Spot ETFs recorded persistent outflows in late September, exceeding 16k BTC over a two-week stretch.
Flows have since reversed, with 3.2k BTC of inflows on Sept 30, highlighting a potential shift in sentiment.
πhttps://glassno.de/4nRAvPC
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Bitcoin dominance has rebounded from 57% to 59% alongside price strength near $114k.
This mean reversion suggests a healthier market structure, as $BTC-led rallies have historically proven more sustainable than those driven by altcoins.
πhttps://glassno.de/4o2XebP
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#Bitcoin short-term holder RVT has compressed toward cycle lows, reflecting muted realized profits relative to network valuation. Historically, such resets often align with periods of market detox, helping build a foundation for more durable recoveries.
https://glassno.de/471jtJf
