Glassnode
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Institutional Data and Market Intelligence for Digital Assets.

https://studio.glassnode.com/
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The blockchain trilemma: a network can strengthen two of decentralization, security, and scalability, usually at a cost to the third.

Read our joint report with @ARKInvest on how Bitcoin, Ethereum, and Solana compare.
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#BTC spot ETFs recorded their highest monthly inflows since July 2025.

They pulled in ~$3.5 billion in August.
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Ask a question in plain language. Let your agent do the research.

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Bitcoin has stalled below long-term overhead supply.

The trading range is well-defined by two cost basis clusters.

Liquidation clusters also provide significant confluence.

Read our latest Week On Chain Article
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On-chain supply levels and liquidation clusters show strong confluence.

The cost-basis bands line up well with the leverage pain points.

We cover the range and what to look for in our latest newsletter 👇 https://twitter.com/glassnode/status/2095187077084377561
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The signal that marked the $126K $BTC top is Risk-On again.

After the Bitcoin Vector Signal flipped risk off in October 2025, BTC drew down 54%.

It flipped long again as BTC broke above 70k. Sign up below 👇

https://glassno.de/btc-vector
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The median altcoin is 58% below its price at the BTC high.

The privacy sector is 213% above it, and not only because of $ZEC.

Read the full article: https://x.com/i/article/2096912210077380609
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#BTC is trading like a different asset than it was in March.

Back then its 90d correlation with the Nasdaq-100 was 0.57 and with gold 0.21.

Today the readings are swapped: 0.22 NDX and 0.57 gold. https://twitter.com/n3ocortex/status/2095871699103179145
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BTC volatility is currently historically low.

However, the strongest driver of low vol is not market cap.

It is who holds the coins.

Long-term holder supply explains more of realized vol than market cap, open interest, or turnover.
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Bitcoin ETFs took in $643M last Thursday.

That is the biggest single-day inflow since January.

It follows the strongest month ETFs have had all year.
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Bitcoin holds near $79.1k after a flat week.

Capital inflows, ETF demand and futures leverage all build, while cooling spot momentum and a deeply negative volatility spread keep the market finely balanced.

Read this week’s Market Pulse
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Two cities produce more than half of all Solana blocks.

Frankfurt 33%
Amsterdam 19%

310 of 675 validators sit in those two cities.

That is 46% of the network by validator count, 53% by stake.

https://latency.glassnode.com
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Bitcoin is still stuck beneath the edge of a thick resistance band.

Moving above this level, would indicate a shift in long term market structure.

A return lower would result in significant pain for late longs.

https://x.com/i/article/2097710104237969408
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US spot Bitcoin ETFs have climbed back toward break-even after an $18B drawdown.

Institutional cost basis is now a resistance level that price has to move through for further upside

https://x.com/glassnode/status/2097716683976978596
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$BTC is stuck beneath a wall of long-term holder supply around $83-$85k.

However, investors are acquiring coins here.

Should we break below this newly forming cluster, $75k is the level to watch.

After that a full retrace to $60k would be in play.

https://twitter.com/glassnode/status/2097716683976978596
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Bitcoin is sitting at $78k, down around 1% on the week, and holding its range.

Spot and perpetual selling and ETF outflows weigh, but capital inflows and elevated profitability show a market absorbing pressure, not breaking down.

https://glassno.de/4Ae0qrW
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