Bitcoin Risk Appetite Fading, Finds Glassnode Report
A new Glassnode report has revealed that the Bitcoin Open Interest continues to decline, a sign demand from risk-taking futures cohorts is waning. Bitcoin Futures Open Interest Has Shown No Signs Of Growth Recently In its latest weekly report, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Open Interest. This […]
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Bitcoin has fallen below the crucial $100,000 mark, now trading near $97,000 for the first time since May. The drop underscores the growing weakness in bullish momentum, as traders struggle to defend key support levels amid mounting macroeconomic uncertainty and fading risk appetite. Market sentiment has turned sharply fearful, with investors showing increased caution following […]
Analytics firm Glassnode sees several signs that investors are hunkering down for a rough storm as the Fed rate hike in March looms with uncertain outcomes. On-chain data analysis from Glassnode shows that Bitcoin investors are hedging out risks in order to stay protected against Federal Reserve interest rate hikes in March.Glassnode’s The Week On-Chain newsletter from Feb. 14 indicates that the most significant trend in Bitcoin (BTC) right now is the flat futures term structure through March. This is strongly attributed to “investor uncertainty regarding the wider economic impact of a....
Glassnode has talked about the four phases of Bitcoin accumulation and distribution during the past year in their latest report. Bitcoin Accumulation Trend Score Shows Market Has Been Selling Recently As per this week’s edition of the weekly Glassnode report, the market has observed four distinct phases in the last twelve months. The relevant indicator […]
Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered by 20% and now finds itself trading around just below $60,000, many short-term holders are still sitting in unrealized losses. A recent report from Glassnode, a leading blockchain analysis firm, sheds light on the factors contributing to this abrupt market....
Investors are urgently sending Bitcoin into exchanges in order to either de-risk their portfolio or to protect margin positions with more collateral according to Glassnode’s latest report. The number of transactions on the Bitcoin network has spiked over the past week, which blockchain analysis firm Glassnode suggests are ‘urgent’ transactions due to investors de-risking.A sudden influx of 42,800 transactions hit the mempool on Bitcoin (BTC) last week. Glassnode’s chief analyst says these were likely "urgent" transactions due to the high amount of fees paid per transaction. The average fee....