glassnode
@glassnode
Digital asset data, analytics, and research.
63 Following 609K Followers
It looks like Binance was just hacked for around $5.3 billion worth of assets.
The largest pieces:
$1.66 billion in USDT
17,985 $BTC, about $1.45 billion
$767m in USDC
ETH and dozens of smaller tokens follow.
The total is still a small part of what Binance holds on-chain.
Show more
we're right in the middle of the window where previous #btc# cycles bottomed.
drawdown 13 months after the top:
• 2013: -71.0%
• 2017: -79.5%
• 2021: -74.6%
today: -34.8%
This market looks a lot like summer 2023.
In 2023, bitcoin:native's first big move off the bottom ran into a meme and altcoin frenzy. Volatility then sank. This year has followed the same order, with volatility now at the lows.
More on these parallels in this week's Week On-chain.
Show more
$85K keeps turning $BTC back. Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break. More in depth analysis in our latest Week on Chain report
Show more
"outflows from ETFs are signal"
wrong. people need to stop treating ETF flows as a leading indicator.
ETF flows chase price.
they line up with the price move that already happened (r≈0.36) and say almost nothing about the next one.
Show more
Bitcoin is quiet. The market under it is not.
Long-term holders sit on coins bought above $85K. Each dip brings smaller losses. Stocks now outtrade Bitcoin perps on Hyperliquid. Altcoin breadth is fading.
Twelve analyses on how it all fits together 👇
Show more
$85K keeps turning $BTC back. Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break. More in depth analysis in our latest Week on Chain report
Show more
$85K keeps turning $BTC back. Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break. More in depth analysis in our latest Week on Chain report
Show more
The largest liquidation cluster now sits above bitcoin:native.
It sits around $87k, just above the October high.
If price climbs back toward it, shorts there would be forced to cover, which could add fuel to the move up.
Show more
bitcoin:native is beating the S&P 500 again.
Over recent weeks it has won more trading days than it lost. In June it won only one day in five, its weakest stretch in more than five years.
Outperformance like this could become reflexive as investors move to the strongest asset class.
Show more
Hyperliquid whales are net short bitcoin:native for the first time since March.
This group managed to long the bottom, but the positioning flipped last week.
The question is whether they are early to a deeper pullback, or about to be squeezed if price turns higher.
Show more
Our backtesting engine found this bitcoin:native rule.
It buys when the 30-day RSI of entities in profit crosses above its threshold.
Since July 2023, its worst drawdown was 20%, against 53% for holding.
Discover your own strategy 👇
Show more
Recent bitcoin:native buyers have left the strong sell zone.
In late September, almost all short-term holder supply was in profit. Now it has cooled to about 70%.
For buyers who expect the uptrend to continue, that makes this a considerably better entry than a month ago.
Show more
Altcoin speculation has slowed down
Total spot volume is back to about 3x bitcoin:native's, its median since 2022. In late September it was running near 4x.
For buyers looking at altcoins, this is a better entry than it was when the market was overheated a month ago.
Show more
bitcoin:native trades near $80k on Monday after a midweek push toward $85k failed. Longs keep paying up in funding and options traders are hedging, while spot and ETF buyers stepped back as price fell.
Read our latest BTC Market Pulse👇
Show more
Speculation rotated into equities during Bitcoin's bear market.
On Hyperliquid, TradFi perps hit over 3x the bitcoin:native perp's volume in August, just when BTC investors capitulated.
More in our report with @FasanaraDigital:
Show more
Traditional finance is moving onto crypto rails.
Perpetuals on stocks, gold and oil grew into a large part of perp trading on major venues while bitcoin:native sat in a bear market.
Our new report with @FasanaraDigital examines what that means for allocators.
Show more
Long term holders are suppressing bitcoin:native price.
Each time price moves toward $85k it meets sellers who have sat at a loss for most of 2026.
Short-term holders take the other side, in profit with a floor around $78k. They provide the shorter term support levels.
Show more
bitcoin:native is testing the ETF cost basis around $81K again.
The same level capped the May rally before a deep drop, and caught last week's sweep from just below.
A convincing close below it would put mid $70K levels back into play.
Show more
Gold is moving on-chain. Gate is leading the charge.
According to @glassnode, Gate ranks #1# in 7-day average tokenized gold perpetual open interest, contributed 42% of the net increase in 2026, and climbed from #9# to #2# since April 2025.
Meanwhile, Gate’s $BTC reserves grew 4.9% YoY while the median across 10 other exchanges fell 6.4%.
The data speaks for itself.
Show more
BTC treasury companies are in profit but barely buying.
They hold $BTC at a cost basis of about $80K, and price has closed above it since September 18.
In profit, buying can feed on itself: purchases lift price, price lifts their shares, and their shares fund more purchases.
Show more
Binance asks and the biggest liquidation clusters sit around $87K.
The top buyers still cap $BTC price near the same levels.
A daily close above that level with ETF inflows would show buyers absorbing the supply.
More in this week's Week On Chain
Show more
$BTC is boxed in between $80K and $87K.
Below, buyers refilled the bids at the ETF and treasury cost basis. Above, the top buyers' break-even, the main asks and the largest liquidation clusters share one zone.
More on ETF flows, MSCI and altcoins in this week's Week On-chain.
Show more
Binance asks and the biggest liquidation clusters sit around $87K.
The top buyers still cap $BTC price near the same levels.
A daily close above that level with ETF inflows would show buyers absorbing the supply.
More in this week's Week On Chain
Show more
