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Pioneering on-chain market analysis. Advanced charts/data/insights for investors in Bitcoin and digital assets. https://studio.glassnode.com/
Bitcoin is still stuck beneath the edge of a thick resistance band.
Moving above this level, would indicate a shift in long term market structure.
A return lower would result in significant pain for late longs.
https://x.com/i/article/2097710104237969408
Bitcoin holds near $79.1k after a flat week.
Capital inflows, ETF demand and futures leverage all build, while cooling spot momentum and a deeply negative volatility spread keep the market finely balanced.
Read this week’s Market Pulse
BTC volatility is currently historically low.
However, the strongest driver of low vol is not market cap.
It is who holds the coins.
Long-term holder supply explains more of realized vol than market cap, open interest, or turnover.
The median altcoin is 58% below its price at the BTC high.
The privacy sector is 213% above it, and not only because of $ZEC.
Read the full article: https://x.com/i/article/2096912210077380609
On-chain supply levels and liquidation clusters show strong confluence.
The cost-basis bands line up well with the leverage pain points.
We cover the range and what to look for in our latest newsletter 👇 https://twitter.com/glassnode/status/2095187077084377561
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The blockchain trilemma: a network can strengthen two of decentralization, security, and scalability, usually at a cost to the third.
Read our joint report with @ARKInvest on how Bitcoin, Ethereum, and Solana compare.
If you care about execution quality, start with location.
That is what our latency tool is for.
Ink, OP Mainnet, and ZKsync Era are now live on our latency map, next to the exchanges and chains we already cover.
Solana spot ETFs had their strongest stretch on record.
$138M of net inflows over 10 days, including a single-day high of $47M on Tuesday.
Leading the pack is @Bitwise's BSOL, now holding 9.3 million $SOL and crossing $1B in AUM – the first Solana ETF to get there.
Live Solana ETF flow, balance, and volume charts
Strategy Watch is our monthly read on fund performance, capital flows, and allocator positioning across digital assets, produced with Crypto Insights Group
Edition #7 is live now 👈
After large market moves, staying objective and level-headed is difficult.
Our latest weekly report walks you through the data: the liquidation cascade, who bought the squeeze, and the supply now sitting overhead.
https://twitter.com/glassnode/status/2092605995356966938
Bitcoin Vector's impulse flipped positive from the lows.
$BTC has advanced roughly 20% since.
The strategy is currently fully allocated and in profit, and the next upside target sits at $82.8k.
Full access
$BTC has surged toward $80k as spot, derivatives and ETF demand accelerate. Rising activity and profitability support the move, though muted macro inflows suggest it remains tactically driven.
Read this week’s Market Pulse👇
#BTC investors are paying up for upside exposure.
25-delta call vol has been outpacing puts at every maturity since the breakout.
Skew is at its lowest of the year across the curve and flipped negative on the front end.
https://twitter.com/n3ocortex/status/2090786305105973305
Close to $1B has flowed into Bitcoin ETFs in the last 3 days.
This is the strongest 3-day inflow since $BTC was last trading above $80k.
Two cities produce more than half of all Solana blocks.
Frankfurt 33%
Amsterdam 19%
310 of 675 validators sit in those two cities.
That is 46% of the network by validator count, 53% by stake.
https://latency.glassnode.com
Bitcoin ETFs took in $643M last Thursday.
That is the biggest single-day inflow since January.
It follows the strongest month ETFs have had all year.
#BTC is trading like a different asset than it was in March.
Back then its 90d correlation with the Nasdaq-100 was 0.57 and with gold 0.21.
Today the readings are swapped: 0.22 NDX and 0.57 gold. https://twitter.com/n3ocortex/status/2095871699103179145
The signal that marked the $126K $BTC top is Risk-On again.
After the Bitcoin Vector Signal flipped risk off in October 2025, BTC drew down 54%.
It flipped long again as BTC broke above 70k. Sign up below 👇
https://glassno.de/btc-vector
Bitcoin has stalled below long-term overhead supply.
The trading range is well-defined by two cost basis clusters.
Liquidation clusters also provide significant confluence.
Read our latest Week On Chain Article
#BTC spot ETFs recorded their highest monthly inflows since July 2025.
They pulled in ~$3.5 billion in August.
$BTC and equities are decoupling.
Correlation with the S&P is approaching its lowest point in almost 2 years.
The tight equity relationship that defined much of the recent downtrend is fading. https://twitter.com/glassnode/status/2092605995356966938
$BTC holds near $78,300 after rallying from $64k lows. Institutional inflows stay strong, but rising leverage, tight volatility spreads, and softening retail activity point to a cautious, transitional market.
Read this week’s Market Pulse👇
$BTC has staged a sharp recovery toward $80K, with options markets beginning to reflect the shift in momentum.
Volatility is waking up, open interest is rebuilding, and positioning is tilting more constructively.
Here’s what the options market is telling us👇
Options open interest has recovered sharply alongside BTC, now approaching 550K BTC. This signals renewed derivatives positioning and growing market participation as price rebounds toward $80K.
DVOL has rebounded sharply alongside BTC’s move toward $80K, signalling renewed demand for volatility. However, at ~41, implied volatility remains well below prior 50–60+ regimes.
25 delta skew has compressed sharply across maturities, with short-dated skew turning negative. This points to reduced demand for downside protection and a shift toward more balanced or upside-oriented positioning.
The sharp move through $70K has pushed BTC into a dense gamma zone around $75–80K, where positive and negative exposures are concentrated. This may increase price sensitivity as positioning shifts around these strikes.
Recent options flow is concentrated around $72.5K and $79.25K, with notable call buying at both strikes. This suggests traders are positioning for further upside, while put demand remains comparatively muted.
Options positioning has turned increasingly constructive alongside BTC’s recovery.
OI is rebuilding, downside protection demand has eased, and recent flows show notable call demand around key strikes. Vol is rising, but remains far from stressed levels, leaving room for further repricing if momentum persists.
1.05M $BTC of long-term holder supply sits between $83K and $86K, the first heavy cost-basis shelf above spot at $79K.
Effectively all of it has held through the entire drawdown, making that band the test of whether patient supply sells at breakeven.
👉 https://research.glassnode.com/the-week-onchain-week-34-2026/
Squeeze into Supply: The Week On-chain 34 is live.
What stands between this recovery and the January high is one band of supply between $81K and $86K.
Bitcoin ran 26% off its mid-August low on a record short flush, and real money followed it up.
$5 billion of IBIT options expire on September 18.
Most of that is calls: $3B vs $2B in puts.
Max pain sits at $40, which corresponds to a $BTC price of approximately $71k.
Market buyers stepped in heavily as $BTC edged above $64k.
This buy-side aggression then helped to fuel the breakout and kept volume delta consistently positive until $76k.
That buy pressure remains strong at these levels.
The altcoin market has entered a state of optimism.
85% of alts reached funding rates above their mean.
This is the highest print we've seen for this metric since BTC was trading at all time highs.
In an alt season, these conditions can last for many weeks.
The dollar debasement narrative is back after the Treasury’s latest buyback announcement.
$BTC has led the move, up about 21% since the announcement, while gold also rose and equities barely moved.