Glassnode

#Bitcoin dropped from $115K to $104K in just four days, triggering a sharp de-risking across the market. Since then, BTC bounced to $111K, but sentiment remains cautious and positioning is still defensive. Read more in this week’s Market Pulse 👇 https://glassno.de/4qiKYpp

The October 10 liquidation wave prompted caution across digital asset markets, yet liquidity, macro, and regulatory conditions remain broadly supportive. In the Q4 Charting Crypto report, co-published with Coinbase Institutional, we analyze how key market forces are shaping the outlook into year-end. – Bitcoin’s illiquid supply slipped just 2% in Q3 as liquid supply rose 12%, showing long-term holders stayed firm even as BTC hit new highs. – ETH spot ETFs attracted $9.4 B in inflows — exceeding BTC for the first time. – Stablecoin supply and volumes reached new all-time highs. These are just a few of the key market structure shifts covered in the new edition, along with the insights from a global investor survey of 120+ market professionals. Read the full report: https://glassno.de/3IThHku

An Early Black Friday Bitcoin’s rally to $126.1k reversed amid macro stress and a $19B futures deleveraging, one of the largest in history. With ETF inflows weakening and volatility spiking, the market is in a reset phase, characterized by flushed leverage, cautious sentiment, and recovery hinging on renewed demand. Read the full Week On-Chain below 👇 https://glassno.de/46S4r8R

#Bitcoin endured its largest leverage wipeout in history, with $19B in open interest erased and funding collapsing. The market is now recalibrating amid slower momentum, cooling profit-taking, and steady ETF demand. Read more in this week’s Market Pulse 👇 https://glassno.de/3KSFQrL

Funding rates across the crypto market have plunged to their lowest levels since the depths of the 2022 bear market. This marks one of the most severe leverage resets in crypto history, a clear sign of how aggressively speculative excess has been flushed from the system.

The Uptober Breakout Bitcoin broke above the $114k–$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. Read the full Week On-Chain below 🔗 https://glassno.de/3WsnIrj

Bitcoin’s 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. 📈: https://glassno.de/48Qooht

We’re back from two busy weeks across APAC. At Korea Blockchain Week, we co-hosted a side event alongside Presto, bringing together Galaxy, Hedera Foundation, Ethena Labs, Arkham, BitGo, Animoca Brands, Bio Protocol, Stacks, NEXPACE Limited, Morph, dYdX, and others for strong conversations in a relaxed setting. At TOKEN2049, we hosted an exclusive padel tournament with Swissblock Technologies AG, a fantastic event with networking and some great matches. We also co-hosted a drinks reception with Elwood and OKX, creating an opportunity for funds, allocators and institutions to connect. Thank you to everyone who joined to discuss the industry, the markets, and to get to know each other. We value the constructive exchanges. For follow-ups and meetings: [email protected] #digitalassets #onchain #TOKEN2049 #KBW

#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 week’s Market Pulse👇 https://glassno.de/46CWbcJ

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.