Glassnode
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."
HODLers Love to Hold Crypto, Glassnode Data Suggests
Data from Glassnode shows that bitcoin's (BTC) balance on exchanges reached a 5 year low of 2,276,878 BTC. The largest cryptocurrency by market cap is currently hovering below $30,000, as investors await U.S. inflation data scheduled for release later this week. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin's Long-Term Holders Now Control Nearly 14.6M BTC: Glassnode
According to data from Glassnode, long-term bitcoin holders now hold almost 14.6 million BTC, which equates to 75% of the circulating supply, and is the highest value for the benchmark so far. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Whale Watching: The Aggregate Whale Balance Sees Record Drop
According to Glassnode data, when isolating for coins flowing between whale entities and exchanges, the aggregate whale balance has fallen by around 255k bitcoin since the end of May. This is the largest monthly balance decline in history. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin NFT Interest Spikes Again as Ordinals Cross 350K Daily Inscriptions
Bitcoin Ordinals NFT activity has picked up, crossing 350,000 daily inscriptions on Monday according to data tracked by analytics firm Glassnode. The daily tally has surged by over 250% since Ordinals launchpad Luminex unveiled the Bitcoin Request for Comment (BRC)-69 token standard on July 3. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
