Glassnode
Bitcoin’s thinnest price zone hints at extended stay between $70,000 and $80,000
Limited historical trading activity and thin onchain supply suggest further consolidation or a retest of the lower range.
This onchain metric has identified the Bitcoin bottom every cycle
Convergence between bitcoin supply in profit and supply in loss has repeatedly coincided with major market lows.
Retail traders are running for the exit amid bitcoin's selloff, while 'mega-whales' are quietly buying the dip
Glassnode data shows large bitcoin holders accumulating, while retail remains in distribution.
Long-term bitcoin holders resume selling as price lags behind traditional markets
Long-term bitcoin holders are selling at the fastest pace since August as the cryptocurrency's price lags behind broader financial markets.
Large bitcoin holders buy the most coins since the FTX collapse of 2022
The so-called Fish-to-Shark cohort added 110,000 BTC over the past 30 days, according to Glassnode.
This metric suggests bitcoin's late November plunge was the bottom and major upside lies ahead
Extreme readings in the ratio between short-term holder supply in profit and short-term holder supply in loss have aligned with the end of bear markets.
Bitcoin whales have been the main accumulators in the $80,000 range
While large bitcoin holders accumulate, smaller investors are selling.
Bitcoin’s $70,000 to $80,000 zone highlights gap in historical price support
Five years of CME futures data shows where bitcoin has, and has not, built meaningful price support.
Bitcoin's 'realized cap' holds at record high over $1 trillion, casting doubt on four-year cycle
A very supportive macro backdrop is being ignored for now, said Bitwise's Andre Dragosch.
Bitcoin long term holder supply hits 8 month low, breaking historical cycle patterns
Repeated distribution waves from long-term holders highlight how this bitcoin cycle is breaking from historical norms.
