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Institutional Data and Market Intelligence for Digital Assets. https://studio.glassnode.com/
Показати більше📈 Аналітичний огляд Telegram-каналу Glassnode
Канал Glassnode (@glassnode) у мовному сегменті Англійська є активним учасником. На даний момент спільнота об'єднує 44 423 підписників, посідаючи 2 837 місце в категорії Криптовалюти та 712 місце у регіоні Малайзія.
📊 Показники аудиторії та динаміка
З моменту свого створення невідомо, проект продемонстрував стрімке зростання, зібравши аудиторію у 44 423 підписників.
За останніми даними від 19 червня, 2026, канал демонструє стабільну активність. Хоча за останні 30 днів спостерігається зміна кількості учасників на -444, а за останні 24 години на -27, загальне охоплення залишається високим.
- Статус верифікації: Не верифікований
- Рівень залученості (ER): Середній показник залученості аудиторії становить 10.70%. Протягом перших 24 годин після публікації контент зазвичай збирає 5.65% реакцій від загальної кількості підписників.
- Охоплення публікацій: В середньому кожен допис отримує 4 754 переглядів. Протягом першої доби публікація в середньому набирає 2 510 переглядів.
- Реакції та взаємодія: Аудиторія активно підтримує контент: середня кількість реакцій на один пост – 15.
- Тематичні інтереси: Контент зосереджений навколо ключових тем, таких як inflow, investor, eth, basis, cycle.
📝 Опис та контентна політика
Автор описує ресурс як майданчик для висловлення суб'єктивної думки:
“Institutional Data and Market Intelligence for Digital Assets.
https://studio.glassnode.com/”
Завдяки високій частоті оновлень (останні дані отримано 20 червня, 2026), канал підтримує актуальність та високий рівень охоплення публікацій. Аналітика показує, що аудиторія активно взаємодіє з контентом, що робить його важливою точкою впливу в категорії Криптовалюти.
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Підписники
-2724 години
-1147 днів
-44430 день
Архів дописів
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Bitcoin has now spent 273 days with a super-majority of supply held in profit (above the +1σ band) - the 2nd longest stretch on record, behind only the 2015–2018 cycle at 335 days. A signal of how extended the current cycle has been relative to history.
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Last week, institutional investors broke the multi-week run of inflows into US spot ETH ETFs with -105K ETH in net outflows. However, this week opened on a positive note, with +16.9K ETH added to positions yesterday.
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+3
Bitcoin’s rally over the weekend to $117k quickly reversed, leaving the market fragile.
This week’s Market Pulse examines the shift from euphoria toward caution, across spot, derivatives, ETFs, and on-chain activity.
Read it here: https://glassno.de/3HU2QWa
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Crucial Support
Bitcoin is now trading just above $110.8k, the average cost basis of 1m-3m old investors who accumulated during the May–July rally to new ATHs. Historically, failure to hold above this level has often led to multi-month market weakness and potential deeper corrections.
Chart here: https://glassno.de/45RDosE
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ETH Holders in Profit
With Ethereum hitting a new ATH, the MVRV ratio has climbed to 2.15. This means, on average, investors hold over ~2.15x unrealized gains. This level mirrors prior market structures seen in March 2024 and December 2020, both of which preceded periods of elevated volatility and profit-taking.
Chart here: https://glassno.de/3VghiuG
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On-Chain Support Levels
Using the UTXO Realized Price Distribution (URPD), the nearest support zone lies between $104k–$108k, where over 1.15M BTC was accumulated over the past year. This dense supply region may serve as a strong support if the market continues to correct.
Chart: https://glassno.de/4mWiKOT
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+1
Institutional Selling Pressure
Recent market weakness has coincided with mounting sell pressure from U.S. spot ETFs. Bitcoin ETFs saw outflows of up to 4.2k BTC, while Ethereum ETFs recorded a massive 111k ETH in outflows, amplifying the broader risk-off tone across the market.
Charts here: https://glassno.de/4oJGSWN & https://glassno.de/4mue5E7
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+1
The Anatomy of a Local Bottom
1- When the market enters a post-ATH contraction phase, short-term price action is often shaped by how top-buyers react to growing unrealized losses.
Right now, a dense cluster of supply, accumulated between $113k and $120k since early July, belongs to investors holding < 3 months.
CBD Heatmap: https://glassno.de/4g78UHT
2- To assess <3-month investor behavior, we use the SOPR by Age metric.
Currently, their SOPR is hovering around 0.96–1.01, signaling mild loss realization. If pressure builds, local bottoms often form when this group capitulates, typically when SOPR drops below ~0.9.
SOPR by Age: https://glassno.de/4p4cgiX
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The Week On-Chain 33, 2025
Pressure continues to mount across the digital asset landscape, with broad-based sell-offs hitting major assets. Derivatives activity, in particular, continues to accelerate, leaving the market increasingly sensitive and reflexive in its structure.
Executive Summary
- Capital inflows into Bitcoin continue to decline, even as a new ATH of $124.4k forms, highlighting weaker investor demand.
- Altcoin open interest hit an ATH of $60B, but quickly fell by -$2.6B, marking the 10th largest drop on record.
- Ethereum’s open interest dominance is at its 4th highest level, while perpetual futures volume dominance reached a new ATH of 67%.
- In prior cycles (2015–2018, 2018–2022), ATHs were reached 2–3 months later than where we are in the current cycle.
Read more in The Week On-Chain newsletter.
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+4
The market is showing signs of contraction following significant profit-taking from investors holding for over 1 month (excluding daily traders).
Let’s look at when and how much profit was realized (30D-EMA) across the top 5 assets:
Bitcoin (BTC)
On July 18, >1-month BTC holders realized over $1.5B in profit, marking the largest profit-taking spike since December 2024.
Ethereum (ETH)
On August 16, realized profit peaked at $575M, the largest profit-taking spike of this cycle so far. A clear sign of longer-term ETH holders taking risk off the table.
Solana (SOL)
On August 17, >1-month holders realized over $105Min profit, the biggest profit event since the early 2025 surge.
XRP
On July 24, profit-taking by longer-term holders spiked to $375M, suggesting strong distribution similar to December 2024 rally.
TRON (TRX)
August 6 saw a profit realization peak of $230M, highest in Tron’s history, reflecting broader sell pressure across altcoins.
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+3
Last week, Bitcoin surged to a new ATH above $123k before retreating toward $114k. This week’s edition of BTC Market Pulse unpacks this slowdown: ETF demand remains strong, derivatives run hot, but on-chain signals point to fragility. Read it here: https://glassno.de/41c4VDB
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BTC options positioning has shifted higher: the net-premium heatmap shows a fresh cluster of net call buying in the $124k–$130k strikes (+$41M cum.) while sub-spot put demand is light. After last week’s spike, positioning implies a 120–130k magnet, not new downside hedging.
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Friday’s BTC options saw a record ~$226M in premiums (~69% calls) as both sides repriced risk. By Monday it slumped to ~$18M with puts mostly sold ($5.5M received vs $0.37M paid) and calls ~flat - protection demand faded; market is leaning to stabilization/vol compression.
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+3
In periods of heightened volatility, Glassnode’s Supply by Investor Behavior metric gives a deeper pulse of the market. For Bitcoin, we are seeing:
🔸Supply held by First Buyers has risen +1.0% (4.88M → 4.93M BTC) over the past 5 days - showing fresh demand continues to enter.
🔸Conviction Buyers rose +10.1% (933K → 1.03M BTC) over 5 days. Yet compared to April’s surge, engagement looks muted - suggesting this dip is too shallow for strategic buying, or investors remain hesitant.
🔸Loss Sellers spiked +37.8% (63K → 87K BTC) over the past 5 days. Still, compared to earlier this year, realized losses remain contained - suggesting few investors are panicking.
🔸Profit Takers jumped +5.4% (1.73M → 1.83M BTC), the largest spike YTD. For some investors, this clearly has been a time to lock in gains and take chips off the table.
Learn more about Supply by Investor Behavior metric here.
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Premiums confirm the tilt: call premium paid ~$82M (Aug 8) and still ~$31.5M (Aug 11), consistently outpacing puts. Traders are paying up for upside convexity as ETH presses higher.
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In options, ETH OI has climbed to a YTD high ~$16.1B, alongside spot around $4.6k. Elevated open interest signals strong demand for optionality around the breakout.
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Shorts are feeling it: ~$66M in short liquidations on Aug 12 with price near $4.62k. This is the second largest shorts liquidation event this year-to-date.
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ETH futures open interest printed a new ATH around $35.5B as spot pushed to ~$4.59k. Leverage has rebuilt across venues, setting the stage for larger moves as positioning concentrates.
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BTC dominance fell from 65% to 59% over two months, underscoring the growing appeal of altcoins amid broader risk-on behavior.
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With ETH shooting up above $4.6K, its price came just 3.9% below its previous all-time high. As Ethereum strength builds, capital rotates further along the risk curve.
