According to glassnode, Bitcoin ($BTC) is currently trading near all-time highs, and the Short-Term Holder Cost Basis provides critical trading insight. This cost basis is set at $97.1k, with significant support and resistance thresholds at $83.2k (–1σ) and $114.8k (+1σ) respectively (source: glassnode, June 7, 2025). A decisive breakout above $114.8k or breakdown below $83.2k could signal the start of a new major trend, making these levels essential for traders monitoring BTC price action and volatility.

According to glassnode, on-chain data reveals that Bitcoin long-term holders are gradually selling, which raises the risk of a short-term correction due to the absence of strong bullish catalysts. Critical support levels are identified at the 0.95 SSD quantile around $103,700 and the 0.85 quantile near $95,600. Traders should closely monitor these levels as continued profit-taking could trigger further downside pressure in the crypto market (source: glassnode, June 6, 2025).

According to glassnode, Bitcoin reached block height 900,000 today, marking a significant milestone in blockchain history and reinforcing confidence in the network's reliability for traders. Over 15 years, Bitcoin has consistently produced blocks every 10 minutes, highlighting unmatched uptime despite volatile price movements (source: glassnode on Twitter, June 6, 2025). This sustained network performance is a critical indicator for crypto traders, suggesting long-term operational security and supporting positive sentiment for BTC trading strategies.

According to glassnode, the latest Accumulation Trend Score data indicates that most Bitcoin wallet cohorts are transitioning from heavy distribution to modest buying activity. Despite ongoing sell-offs, every Bitcoin sold continues to find a buyer, signaling sustained market liquidity. Notably, recent sell pressure has been dominated by long-term holders with coins aged over one year, many of whom are realizing significant profits and are willing to sell even below market premiums (source: glassnode, June 6, 2025). This shift in behavior among profit-taking long-term holders introduces increased volatility and presents potential buying opportunities for active traders, as profit-taking at discounts often precedes periods of accumulation and potential price rebounds. Traders should monitor on-chain data closely for signs of renewed accumulation, which could signal a market bottom and trigger upward momentum.

According to glassnode, Bitcoin’s price continues to decline even as accumulation shows signs of recovery because the pace of new buying has not been strong enough to counteract the selling pressure from older holders taking profits. Glassnode’s latest analysis highlights that while distribution by large holders is slowing, the level of accumulation is still insufficient to stabilize or push BTC higher, keeping downward pressure on the market (source: glassnode, June 6, 2025). This dynamic is critical for traders monitoring on-chain flows, as it signals that current inflows are not offsetting realized profit-taking, which could prolong bearish momentum unless accumulation significantly increases.

According to glassnode, current crypto market data shows that while demand persists, buy-side participants are no longer aggressively pushing prices higher, resulting in an absorption phase without a breakout. This indicates a rotation phase under pressure, which traders should monitor for potential shifts in momentum. Glassnode's latest Week On-Chain report details that the lack of urgency is reflected in on-chain transaction volumes and order book dynamics, signaling a cautious environment for short-term traders and potential range-bound price action. Source: glassnode (https://twitter.com/glassnode/status/1930904133340377451).

According to glassnode, investors who held Bitcoin (BTC) for at least 12 months realized over $1 billion in profit per day last week, marking the fifth largest spike of this cycle. Notably, the current selling pressure is primarily driven by experienced, long-term holders rather than short-term speculators (source: glassnode, June 5, 2025). This trend suggests a potential top formation phase for BTC, as profit realization by seasoned investors historically coincides with market cycle peaks. Traders should closely monitor on-chain metrics and profit-taking flows, as such large-scale exits often precede heightened volatility and potential corrections in the broader cryptocurrency market.

According to glassnode, Bitcoin settled over $2.9 trillion on-chain in 2024, reinforcing BTC's significance as a global settlement layer. Despite reduced price volatility, the high transaction volume demonstrates robust network activity. For crypto traders, this sustained on-chain utility signals ongoing institutional and cross-border usage, supporting Bitcoin’s liquidity and underlining its role in the broader cryptocurrency market. Source: glassnode (June 5, 2025).

According to glassnode, Bitcoin ($BTC) options open interest has doubled since the previous cycle, reaching an all-time high of $43 billion in 2024. This surge is fueled by increased participation from institutional investors, who are favoring CME's options products for longer-dated strategies and structured positioning (source: glassnode, June 5, 2025). This shift indicates deepening market maturity and liquidity, which can lead to higher volatility and more nuanced price discovery in the crypto markets. Traders should monitor CME-driven flows as they are likely to influence both spot and derivatives price action.

According to glassnode, in collaboration with CME Group, their latest report provides a detailed analysis of Bitcoin market structure in H1 2025, focusing on capital flows, derivatives positioning, investor behavior, and ETF dynamics. The report highlights that capital flows into spot Bitcoin ETFs have increased institutional participation, while on-chain data indicates a shift in investor behavior towards longer holding periods. Derivatives markets, particularly CME Bitcoin futures, show a rising trend in open interest and a preference for hedging strategies among professional traders. The interplay between on-chain and off-chain activity suggests growing market maturity, which is crucial for traders seeking to anticipate price moves and volatility. These insights offer actionable information for cryptocurrency traders monitoring liquidity, ETF inflows, and derivatives market signals (Source: glassnode, CME Group, June 5, 2025).

According to glassnode, Bitcoin's Realized Cap reached a record $872 billion by May 2025, reflecting over $400 billion in net inflows since the 2022 low (source: glassnode, June 5, 2025). This surge indicates a significant accumulation phase and strong investor conviction, signaling a potentially bullish trend for BTC traders. The data suggests increased long-term holding and reduced sell pressure, which are key trading signals for potential upward momentum in the crypto market.

According to glassnode, despite recent drawdowns in the bitcoin market, major Bitcoin ETF providers BlackRock and Fidelity have remained in profit, with average cost bases at $69,200 and $57,400 respectively. These institutional benchmarks have contributed to establishing a soft price floor for BTC, underscoring the stabilizing impact of large-scale institutional capital on bitcoin price movements. This trend offers traders a clearer understanding of key support levels and enhances confidence in BTC's resilience amid market volatility (source: glassnode, June 5, 2025).

According to glassnode, the current Bitcoin market is being driven by a combination of realized profit-taking dynamics, changes in derivatives positioning, and active capital rotation between sectors. Glassnode reports that realized profits have increased notably, suggesting that many investors are taking advantage of recent price rallies to secure gains. Derivatives market data shows a shift in open interest, with traders adjusting leverage and exposure in response to volatility. Additionally, capital rotation patterns indicate a flow of funds from Bitcoin into select altcoins, potentially impacting Bitcoin’s short-term price stability. These concrete metrics highlight the importance of tracking on-chain realized profits, derivatives market positioning, and capital flows for informed Bitcoin trading decisions (source: glassnode, June 5, 2025).

According to glassnode, the largest Bitcoin ($BTC) holders have shifted from distribution back to accumulation, signaling renewed buying strength across all wallet cohorts. Notably, both the 10–100 BTC and less-than-1 BTC wallet groups have reached a maximum accumulation score of 1.0, highlighting strong confidence from both retail and mid-sized investors. This intensified accumulation phase suggests potential upward price momentum and increased support for Bitcoin, which could influence broader crypto market sentiment and trading strategies (source: glassnode, June 5, 2025).

According to glassnode, Solana (SOL) saw its third-largest year-to-date spike in Coin Days Destroyed on June 4, 2025, reaching 3.55 billion. Only February 26th (5.53B) and March 3rd (4.64B) recorded higher levels. Historically, such spikes reflect long-dormant coins being moved, often signaling a shift in holder conviction. For traders, this metric could indicate a possible change in trend or increased selling pressure, making it crucial to monitor the SOL order books and on-chain flows for confirmation of a broader market move (source: glassnode, June 4, 2025).

According to glassnode, entity-adjusted URPD data over the past six months reveals a strong institutional presence in the Bitcoin market. Wallets holding over 100,000 BTC are most concentrated at the $74,000–$76,000 price range, indicating significant accumulation at this level. Large whales with 10,000–100,000 BTC are active at $78,000–$79,000, $85,000–$90,000, and near current price levels, suggesting strategic accumulation and potential support zones. Above $90,000, trading activity is led by holders with 100–10,000 BTC, highlighting a shift in market structure. This clustering of large holders at specific price bands provides traders with clear support and resistance levels for Bitcoin, reflecting institutional strategies that could influence short-term price action (source: glassnode, June 4, 2025).

According to glassnode, the BTC options Put/Call Open Interest (OI) ratio has dropped from 0.64 to 0.56 as call OI decreased from $28.7B to $24.7B and put OI fell from $18.4B to $13.9B. This shift indicates that, while the market remains call-heavy, both bullish and bearish positions have been scaled back, reflecting reduced conviction among traders during recent choppy price movements. This decline in both call and put OI suggests lower leverage and potentially less volatility in the short term, which can impact trading strategies and risk management for crypto market participants. Source: glassnode (June 4, 2025).

According to glassnode, entity-adjusted realized profit in the Bitcoin market exceeded $500 million per hour three times within the last 24 hours, indicating a significant increase in profit-taking by investors. Such sharp profit surges often signal potential short-term selling pressure and heightened volatility, which can impact Bitcoin price support levels and trading momentum. For crypto traders, this data from glassnode suggests the possibility of intensified selling in the near term, warranting close monitoring of price action and order book liquidity for optimal trade entries and exits. Source: glassnode (https://glassno.de/4jtQ51h, June 3, 2025).

According to glassnode, Bitcoin's recent all-time high (ATH) breakout has resulted in a significant increase in profits locked in, with the average Bitcoin holder realizing a 16% gain. Data shows that fewer than 8% of trading days have been more profitable for investors, marking a clear shift toward profit-taking activities. This transition could impact short-term Bitcoin price momentum, increase volatility, and influence liquidity across the broader cryptocurrency market as traders adjust their positions based on realized gains (source: glassnode, June 3, 2025).

According to Glassnode (@glassnode), the latest Week On-Chain report highlights significant trends in Bitcoin's on-chain metrics, including a notable increase in exchange inflows and heightened activity among long-term holders. The report emphasizes that recent price volatility has led to a surge in realized profits and a slight uptick in short-term holder capitulation, which may signal potential local bottoms for active traders. Additionally, Glassnode notes a rise in new wallet creation and transaction volume, suggesting renewed market interest and possible accumulation phases. These insights are critical for traders seeking to identify optimal entry and exit points in the current crypto landscape (Source: glassno.de/3Z2VXr7).