Glassnode
Retail Traders Rekt Amid Bitcoin Volatility
Bitcoin volatility is back as BTC dropped from nearly $100,000 to almost $90,000. Data from Glassnode shows that short-term holders have sent almost $8 billion or 83,000 BTC to exchanges at a loss over the past two days. Retail traders in MicroStrategy are also recording big losses. CoinDesk's Christine Lee presents the "Chart of the Day."
Illiquid Bitcoin Now Accounts for a Record 74% of BTC's Circulating Supply
Data tracked by ETC Group and Glassnode shows that illiquid bitcoin has risen to a record high of 74% of the circulating supply, an indication of the increasing scarcity and a potential bullish impact on the cryptocurrency’s price. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Bitcoin Supply Inactive for a Year Drops to 18-Month Low: Glassnode
Data tracked by blockchain analytics firm Glassnode shows that the percentage of bitcoin's circulating supply that last moved on-chain at least a year ago has declined to nearly 65.8%, the lowest since October 2022. What's the reason behind the urge to sell? CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Falling Bitcoin-Ether Futures Spread Shows Rising Risk Appetite for Alts
The spread between bitcoin and ether perpetual funding rates recently collapsed to an annualized level of -9%, according to data tracked by Glassnode. The decline is a sign that investors are willing to pour money into smaller, risky altcoins, expecting to generate a large profit. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Total Supply of USD-Pegged Stablecoins Hit $128B: Glassnode
A Glassnode report shows that the stablecoin sector has seen significant increases in fiat inflows, with the total supply of USD-pegged tokens reaching $128.5 billion. The report notes that the spike is predominantly fueled by USDT, which has a 74.3% market share. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
HODLing Stays in Vogue for Bitcoin Investors: Glassnode
As the year wraps up, HODLing seems to be the preferred dynamic among bitcoin investors, according to Glassnode. Data shows that more than 70% of the circulating bitcoin supply has been inactive for over a year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Investor Sentiment Shifting Towards the Negative: Glassnode
Nearly all short-term bitcoin holders are now underwater on their position, with investor confidence leaning towards the negative, according to Glassnode data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Nearly All Short-Term Bitcoin Owners Are Underwater, On-Chain Data Reveals
Data tracked by Glassnode shows that nearly 90% of bitcoin short term holders have held onto their coins for 155 days or less. In other words, of the 2.56 million bitcoin ($66.5 billion) held by short-term holders, around 2.26 million bitcoin have an acquisition cost higher than the going market rate. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
