glassnode

The most gut-wrenching figure isn’t that Bitcoin fell below $80K. It’s what Glassnode says: long-term holders own about 4 million BTC, all bought between $85K and $118K. With the price just above $80K, more than half of them are underwater. And here’s the kicker: don’t celebrate just because it climbs back to $85K—those people are waiting to break even and sell, creating a wall of selling pressure. So now nobody’s buying the dip, and anyone who buys the rally gets dumped on. How is this market supposed to work? Pick a side in the comments: A. The $85K break-even sellers will push the price down, giving us the perfect chance to buy the dip. B. Even diamond hands are underwater—the bear market isn’t over yet.
$BTC $ETH $SOL #比特币 #Glassnode #LongTermHolders

Glassnode warns: ETF buying is drying up, and BTC could retest $78,000

According to Glassnode’s October 28 Week on Chain report, as reported by The Crypto Times on October 29, on-chain data had already sent a cautious signal ahead of the Fed’s rate decision: ETF buying is drying up, BTC has repeatedly failed to break above $85,000, and buy orders below have collectively shifted down to around $78,000.

Key points:

- $85,000 is a tough resistance level: So far this year, BTC has closed above $85,000 on only 5 days, and never for more than 3 consecutive days. It briefly climbed to $87,100 on September 23, then declined steadily. It has yet to establish a foothold in the $84,000–$85,000 range.
- ETF demand has weakened significantly: U.S. spot BTC ETFs saw net inflows of $653 million on October 19, but outflows quickly followed. On October 22, they recorded $540 million in outflows in a single day, leaving cumulative net inflows over the two weeks at only around $67 million. ETF daily trading volume was about $700 million on October 23, making it one of the quietest trading days of the year (the daily average since May has been around $1.3 billion).
- Buy orders below have shifted down to $78,000–$79,000: The October 24 decline swept away buy orders around $80,000 on Binance. The largest cluster of buy orders is now in the $78,000–$79,000 range, totaling around $42 million (up from around $24 million in mid-October), making this a potential support zone.
- Overhead supply from underwater holders remains: Long-term holders own around 4 million BTC with a cost basis in the $85,000–$118,000 range. If the price rebounds to around $85,000, some underwater holders may choose to sell at breakeven, creating new selling pressure.
- There are also some signs of easing: BTC has fallen below the average cost basis of U.S. spot ETF investors, around $81,500, but the realized market mean for active investors is around $77,900, and the average cost basis for new buyers is around $75,800. Daily net realized losses have fallen from a low in August of around $630 million to around $27 million on October 24, suggesting selling pressure is easing at the margin. One-month volatility has dropped to around 25%, its lowest level since summer 2023.

Additional context: The Fed held rates steady at 3.75%–4.00% at 02:00 Beijing time this morning, and BTC held the $80,000 level at around $81,300. Glassnode’s report was published before the decision, but the structural issues it highlighted—weak ETF buying, resistance at $85,000, and a buy-order wall at $78,000—remain in place after the decision. Tonight’s PCE and GDP data at 20:30 will be the next potential catalyst.

My view: I’m neutral on $BTC in the short term. ETF buying has dried up, and the $85,000 resistance and underwater holders remain overhead. However, the buy-order cluster at $78,000–$79,000 has grown, and selling pressure is easing at the margin. In the near term, range-bound trading seems more likely than a one-way breakdown. The key question is whether tonight’s PCE data can break the stalemate.

Do you think the $78,000 buy-order wall will hold? Share your thoughts in the comments.

#BTC #ETF #Glassnode

Source: Glassnode Week on Chain report (October 28), The Crypto Times report (October 29), and the Fed’s October rate decision. For informational purposes only; not investment advice.

A counterintuitive question: BTC is eerily quiet right now—is this the calm before the storm, or is the market really dead?
Glassnode's Wednesday report: $BTC 's one-month realized volatility has fallen to around 25%, back to summer 2023 levels. Since 2015, only about 5% of days have been this quiet.
Here's the painful part: the last two times volatility bottomed out, it led to opposite outcomes. After dropping to 18% in August 2023, BTC plunged; after dropping to 22% in August 2026, it surged. The same signal, two opposite outcomes.
BTC is now just above $81K. $85K has held as resistance four times, while $42 million in buy orders are stacked between $78K and $79K. Pick one in the comments: A) the next big green candle comes first, or B) BTC breaks below $78K first.
$ETH $SOL #比特币 #波动率 #Glassnode

A counterintuitive question: Is Binance still an exchange for coins? A new Q4 report from Glassnode and Fasanara says that last November, perpetual futures for traditional assets like U.S. stocks, gold, and crude oil made up just 0.5% of derivatives volume across six exchanges. By this August, that figure had surged to 23.5%—$778 billion in a single month, a 33-fold increase in 10 months. Binance didn’t list its first such contract until last December, but by August it had captured 55% of the market, or $429 billion. Hyperliquid is even more striking: traditional-asset contracts account for 35.2% of its own derivatives volume.
The most painful part? During this period, crypto’s own derivatives volume fell 49%. Even measured against last November’s volume, traditional assets would still account for 13.5%—it’s not that crypto’s shrinking made them look bigger; they’re genuinely taking over its turf.
So here’s the question: When you place a trade on Binance, the person betting next to you might be trading U.S. stocks or gold. Are the coins you hold still the main event? Pick a side in the comments: A. Exchanges turning into Wall Street outposts is progress; B. Crypto’s home turf is being taken over.
$BTC $ETH $SOL #Glassnode #永续合约 #华尔街

$BTC 🗣Glassnode: “BTC has signaled the momentum that marked the start of the last two bull markets. MVRV has crossed its 365-day moving average again. This is the same crossover we saw in 2019 and 2023 at the start of each bull market.”

#Glassnode $GRAM

【New developments】BTC’s sharp decline continues: down over 4% in 24 hours to around $80,989. Glassnode has drawn a line in the sand: $81,500 must hold. That’s the cost basis of spot ETF holdings, and a break below it would mean institutional buyers are collectively underwater. The next support is $77,600, with $74,800 as the worst-case level. Meanwhile, IBIT still bought 384.77 BTC that day, worth around $31.4 million: buying hasn’t stopped, but the price can’t hold above the cost basis. Can $81,500 hold? Comment 1 if bullish, 2 if bearish.
$BTC $ETH $SOL
#比特币 #Glassnode #BitcoinETF
(Source: Finbold/Glassnode)
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.

Glassnode warns: BTC is testing the ETF cost-basis level around $81,000. A decisive break below it could send the price toward the $70,000 range. After failing to break through $85,000, this level is the psychological floor for ETF investors: holding it would be a shakeout, while a break below means you should watch out for cascading stop-losses. Don't get overleveraged.#BTC #ETF #Glassnode

🏦 Bitcoin “treasury companies” are back in the black, but they’re hardly buying

Latest Glassnode data shows that publicly listed companies holding Bitcoin as a treasury asset have an average cost basis of around $80,000. BTC has closed above that level every day since September 18, putting these holdings back in the green overall.

But here’s the interesting part: after breaking even, they’ve barely resumed buying.

🔹 According to a news roundup on X, these companies collectively hold around 1.27 million BTC
🔹 Strategy added just 267 BTC to its holdings last week
🔹 Today, BTC is still trading back and forth around $82,000–$84,000—not far above that $80,000 cost basis

Glassnode highlights a key dynamic: when companies are in profit, buying can become self-reinforcing. Buying pushes up the coin price, which lifts the stock price, allowing the company to raise funds and buy even more coins. But when that flywheel stops turning, they go from “driving the market” to “watching from the sidelines.”

My take: the $80,000 level now has two meanings. Above it, it’s a psychological safety net for treasury companies. Below it, assets on their balance sheets fall into the red, making financing harder and potentially reversing the flywheel. So rather than focusing on who’s once again claiming that “institutions are buying,” it’s worth watching two things: whether the price can hold above $80,000, and whether these companies’ announcements show a real pickup in buying.

Do you think treasury companies are sitting on their hands to manage risk rationally, or are they waiting for lower prices?

#比特币 #BTC #Glassnode #InstitutionalHoldings

BTC is trapped in an “$80K–$87K box”; the next key lies in two dates 🔒

Glassnode’s latest weekly report:
📉 After BTC dipped to around $80K on 10/15, buying demand returned around the cost basis of ETFs and treasury companies
📈 There’s a sell wall and liquidation cluster above $85K–$87.5K. The cost basis for buyers from 6–12 months ago is around $86.7K, so breakeven sellers could put pressure on the price
⚠️ If BTC falls below $80K, the average ETF and treasury holder will be underwater

Two catalysts:
1️⃣ 10/28: Fed rate decision
2️⃣ 11/11: MSCI announces its removal list (effective 11/30). Strategy may be included, potentially forcing index funds to sell shares. MSTR already fell nearly 10% in a single day on 10/16 while BTC barely moved

My take: Focus on selling high and buying low within the range. The real direction will have to wait until these two dates. A breakout above $87K could be explosive, but the selling pressure overhead is real too.

Do you think we’ll break above $87K first or retest $80K? Let me know in the comments 👇

$BTC $MSTR
#比特币 #Glassnode #CryptoMarket
Personal opinion only; not investment advice

Viewpoint | Glassnode report: BTC stuck in the $80,000–$87,000 range
[Market Update] Glassnode’s latest report says the $80,000 level brings together the average cost basis of spot ETFs and treasury companies, at around $80,200. Buy orders quickly returned after the October 15 retest. Overhead, $85,000–$87,500 is the resistance zone with the densest clusters of sell orders and liquidations. Monthly institutional purchases have fallen to less than one-tenth of their November 2024 peak. ETFs saw net inflows of $653 million on October 19, but trading volume was relatively low, so demand remains unconfirmed. The report says buyers will have taken control only if BTC closes above $87,500 on a daily basis and ETF inflows rise alongside trading volume. Do you think BTC will break above $87,500 first, or retest $80,000 first?
$BTC $ETH $SOL
#比特币 #Glassnode #On-chain data
(Source: BitcoinSistemi via Glassnode report)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.

📊 Bitcoin Selling Pressure Eases as Profit-Taking Declines!
Short-term Bitcoin holders have significantly reduced their profit-taking. This shift came after they drove the largest $BTC inflows to exchanges in a year, which directly contributed to the recent downward pressure on the asset's price.
🔍 What do the on-chain data show?
According to Glassnode data, profit-taking activity has returned to its yearly average. This indicates that the recent wave of selling is losing steam in the market.
⚖️ What can we expect next?
Although this easing of selling pressure could support Bitcoin's stability in the short term, it doesn't necessarily mean an immediate price recovery.
The market is showing signs of consolidation, warranting closer attention to upcoming support and resistance levels.
$BTC #Bitcoin #Glassnode

$87K–$87.8K is a wall, and there’s an even thicker one above $90K 🧱

Glassnode says the $87K–$87.8K resistance zone previously identified with Coinbase Institutional on *Charting Crypto* remains in play. BTC is stuck below it, trading sideways—and a breakout could trigger sharp volatility.

📊 A few key data points:
• Above, $89.6K–$93.7K is a dense cost basis zone, where around 1.7 million BTC changed hands. Holders who are underwater may sell once they break even
• This week, BTC is around $82K, down about 2% from last week
• Spot market selling pressure still outweighs buying. ETF outflows have narrowed to about $230 million, but trading volume is low
• Options traders continue buying protection, and skew is rising

🧭 My take:
We’re in a “selling pressure is easing, but buyers haven’t stepped in” situation. $80K is the support below. BTC needs strong volume to make a genuine breakout above $87K, and there’ll likely be a tough battle around $90K.

Do you think BTC can hold above $90K before year-end, or will it retest $80K first? Vote in the comments 👇

$BTC $ETH
#比特币 #Glassnode #CryptoMarket

This is only my personal opinion and does not constitute investment advice

Glassnode is watching the $87,000–$87,800 range: a breakout could amplify volatility, but selling pressure remains heavy around $90,000 and above. This range isn’t the destination so much as a sentiment valve—the real test of a breakout is whether buyers can absorb the pressure, not the hype. #BTC #Glassnode #Market

Glassnode reports a notable influx of large buy orders for Bitcoin at the $80,000 level, which coincides with the 50-day moving average. Subsequently, bullish traders actively placed substantial buy bids. Buy order activity continued throughout the day. The short-term outlook suggests that the large bids at $80,000, which had been in place over the past week, have been filled, and that new significant bids have emerged, contributing to steady upward momentum in the price.
$BTC
#BTC #Glassnode

Sellers capitulated once again. Could this be a local bottom? 😅

Glassnode pointed out an interesting detail today.
Yesterday, when $BTC fell to around 80,000,
another wave of concentrated loss-making selling showed up on-chain.
Put simply, some people couldn’t take it anymore and sold below their cost basis.

What’s interesting is that
each time this kind of loss-driven selling surged—in early August, mid-August, and mid-September—it was followed by a local bottom.
And since the September high, profit-taking has also clearly slowed down.

My take is:
Capitulation doesn’t mean an immediate reversal.
But it does at least suggest that most of those who were going to panic have probably already done so.

The real test is still at a few key levels:
The cost basis for ETF holders is around 81,500.
Below that, the true market mean is in the 77,500–78,000 range.
On the upside, 88,000 is the resistance level Glassnode highlighted.

So tonight, I’m not trying to call the bottom.
I’m watching one thing: can we hold above 81,500, and stay there?
If we can, then this wave of capitulation won’t have been for nothing.
If not, there’s more pain ahead.

Do you think this is a local bottom, or just a halftime break?

$BTC #比特币 #链上数据 #Glassnode
Not investment advice. DYOR. Trading involves risk.

Bitcoin's Q3 recovery is real, but the data says "constructive," not euphoric. 📊

Coinbase Institutional x Glassnode just released Charting Crypto Q4 2026. Key takeaways:

- $BTC rose 43% in Q3 to ~$83.6K, even as the Fed hiked to 3.75–4.00% and the 10Y yield hit 5.29%, the highest since 2002
- US spot BTC ETFs took in a net $7B, reversing H1 outflows
- NUPL climbed from 0.11 to 0.38: optimism, not euphoria
- Long-term holders mostly held, with dormant supply up ~340K BTC
- $ETH beat BTC by ~20%, and DeFi TVL grew from $37B to $53B

⚠️ The catch: ~1.7M BTC last moved between $89.6K and $93.7K, a dense supply wall above price. Glassnode's indicator map also leans toward near-term consolidation.

Levels to watch: resistance $87K–$87.8K, support $74.5K–$75.2K, 200-day MA near $71K.

Takeaway: the structure is improving, but rates and overhead supply will decide the next leg. Not financial advice.

#Bitcoin #Glassnode #ChartingCrypto #OnChain

#ReusedBitcoinAddressesHold4.33MBTC

4.33M BTC AT RISK! Quantum Threat is REAL

Glassnode just revealed something SHOCKING:

🔹 4.33M BTC (21.5% of supply) sitting in reused addresses = $350B at risk
🔹 Total 6.26M BTC (31.2%) has exposed public keys
🔹 Binance has 83% exposure, Coinbase only 10%

What happens when you reuse a BTC address?
Your public key becomes visible on-chain. If Quantum Computing breaks ECC, those funds could be vulnerable!

Even Satoshi's 1.1M BTC is in old P2PK format 😱

Are you reusing your BTC address? This is a must-know security alert!

Join the discussion 👇

#ReusedBitcoinAddressesHold4.33MBTC #Bitcoin #BTC #Glassnode #Quantum #CryptoSecurity #BinanceSquare
Credit: waqar h 5

【Glassnode Warning: Bitcoin Faces Resistance at $85,000 — An In-Depth Look at Short-Term Holders Selling at the Highs and the $81,000 Liquidation Defense Line】

Bitcoin (BTC) has pulled back and fluctuated after recently breaking above the $85,000 level. On-chain analytics firm Glassnode has published its latest research report, noting that behind the nominal price reaching a new local high, several divergences in on-chain activity, capital structure, and derivatives positioning are raising cautionary signals.

【Key On-Chain Metrics and Structural Features】

1. Sluggish trading volume and signs of existing supply changing hands:
• The current 7-day average trading volume across spot exchanges and U.S. spot ETFs is only about $6.8 billion. This is below the level seen on approximately 90% of trading days since January 2024, indicating that the breakout has not been accompanied by broad-based confirmation from trading volume.
• Over the past 30 days, combined net inflows into U.S. spot ETFs, growth in stablecoin supply, and corporate treasury purchases totaled only about $4.9 billion, while Bitcoin’s Realized Cap increased by $12.8 billion over the same period. New capital accounted for less than 40% of the increase. The rally has been driven mainly by existing holders trading coins at higher prices, making it increasingly dependent on existing capital being willing to chase prices higher.

2. Short-term holder (STH) selling and a reversal in trading-session behavior:
• Data shows that on the day Bitcoin closed above $85,000, 86% of the Bitcoin flowing into exchanges came from short-term holders (STHs) who had held their coins for less than 155 days. All of it was in profit, marking the highest proportion in the past year.
• Trading-session dynamics have also reversed. Before the breakout in late September, most of the gains occurred during U.S. equity/ETF trading hours. After Bitcoin broke above $85,000, the U.S. session became a net seller, while most of the market’s net gains were supported by buying during the relatively thinly traded Asian session and on weekends.

3. Derivatives positioning and concentrations of risk on the liquidation heatmap:
• Sentiment in the options market remains one-sidedly bullish (Put/Call Ratio < 1, with daily premiums paid for calls exceeding those for puts by about $17 million). However, the liquidation heatmap shows that long-side leveraged risk is building rapidly: only about 17% of liquidation levels are above the current price, while as much as 83% of liquidation positions are densely concentrated in the $81,700–$83,300 range, extending down to $75,000.
• Combined with order book depth, the largest spot limit-buy wall across the market is currently concentrated between $81,000 and $81,250. If a pullback below $83,000 triggers a cascade of long liquidations, $81,000 will become the most critical pivot for spot buyers and long-side defense.

4. Macroeconomic factors and spillover effects on altcoins:
• The ratio of open interest in mid- and large-cap altcoins to their market capitalization has climbed to its highest level since October 2025, indicating that deleveraging is not yet complete. The market impact of recent U.S. PCE and nonfarm payrolls data has continued to diminish, while market liquidity is closely watching guidance from the U.S. CPI inflation data due on October 14.

#Bitcoin #Glassnode #Crypto #MarketAnalysis

🚨 BITCOIN UPDATE: MOST BTC HOLDERS ARE IN PROFIT! 📈🔥

According to Glassnode, nearly three-quarters of Bitcoin’s circulating supply is currently in profit. Meanwhile, the average US spot Bitcoin ETF holder is sitting on unusually large unrealized gains. 👀

💡 What does this mean?

It shows that a large portion of Bitcoin holders are currently in a profitable position. However, if prices rise further, the market could continue moving upward. On the other hand, some holders may decide to take profits, which could create selling pressure.

The big question is: Will Bitcoin continue its upward move, or will profit-taking bring a pullback? 🤔

What do you think, BTC holders? Bullish or bearish from here? 👇
$BTC
#Bitcoin #Glassnode #BinanceSquare

Glassnode exposes the truth: the largest nationwide short liquidation crowd is sitting around 90K.

The more bullish shorts gamble, the thicker the liquidation “fuel” piles up. Once the price taps up, forced liquidations instantly turn into buy orders—domino liquidations send it flying.

Fear is at an all-time low, yet the liquidation chart is nothing but a graveyard of shorts—textbook turning-point recipe.

Don’t take sides based on emotions—take sides based on the liquidation chart.

$BTC #Glassnode