According to glassnode, Bitcoin perpetual futures funding rates remain neutral at approximately 0.007% (annualized 7.6%) despite a sharp rally in Bitcoin prices. This indicates that long positioning in the derivatives market is still modest and leverage remains limited, which suggests a healthy and sustainable uptrend. Derivatives markets are gradually catching up to spot prices, offering traders a more stable environment and reducing the risk of excessive liquidations. This trend is relevant for crypto traders seeking signals of market overheating or sustained momentum (source: glassnode, May 16, 2025).

According to glassnode, Bitcoin's 1M 25 Delta Skew has decreased to -6.1%, indicating that call options now have higher implied volatility than puts. This shift demonstrates growing bullish sentiment among traders, who are favoring upside speculation over downside hedges. The negative skew is a recognized risk-on indicator, supporting the current Bitcoin rally and suggesting increased confidence in further upward price movement. This options data provides actionable insight for crypto traders seeking to capitalize on momentum-driven strategies and manage portfolio risk. (Source: glassnode, May 16, 2025)

According to glassnode, profit-taking activity among recent Bitcoin (BTC) investors has risen significantly above the statistical average, indicating heightened selling pressure in the market. The Week On-Chain report highlights that, despite this surge in realized profits, historical data suggests that even greater selling intensity may be required to fully satisfy market demand and trigger a broader correction. The analysis details the sources behind the current BTC rally, identifies cohorts responsible for the selling, and outlines potential scenarios that traders should monitor for reversal or continuation signals. For crypto traders, understanding these on-chain dynamics is critical for timing entries and exits, as elevated profit-taking often precedes increased volatility (source: glassnode, May 16, 2025).

According to glassnode, Bitcoin's Long-Term Holder Net Unrealized Profit/Loss (LTH-NUPL) metric has returned to 0.69, the same level observed on April 1. However, at that time BTC was priced at $85,000, compared to $102,000 today. The increase in price is offset by the maturing of December 2024 buyers into long-term holders (defined by a 155-day cutoff), which dilutes the cohort's unrealized profit share. This dynamic is muting bullish sentiment among traders despite record-high BTC prices, suggesting that profit-taking and a more cautious trading approach may dominate short-term market behavior (source: glassnode, May 15, 2025).

According to glassnode, BTC dominance in the crypto market peaked at 64.4% on May 8, 2025, with ETH market share increasing to 9.75% (+3%) and altcoins to 22.35% (+2%) since then, while stablecoins dropped to 6.3%. Despite this shift, both ETH and altcoins remain significantly below their previous dominance peaks of 18% and 28.5% respectively, reinforcing that the current crypto cycle is still driven by Bitcoin. For traders, this continued BTC leadership suggests that altcoin rallies may be limited until a more substantial rotation occurs. Source: glassnode (May 15, 2025)

According to glassnode, Solana ($SOL) is experiencing a trend reversal as its 30-day capital inflows have returned to positive territory, growing at approximately 4-5%. This growth rate now matches that of XRP, indicating renewed investor demand for the Solana ecosystem. Traders should note that this uptick in inflows may increase short-term price volatility and liquidity, presenting trading opportunities as capital rotation returns to the Solana network (source: glassnode, May 15, 2025).

According to glassnode, Bitcoin's long-term holder (LTH) supply increased from 13.66 million BTC in mid-March to 14.29 million BTC, but has recently declined for the second time in May. Additionally, LTH spending has risen to 0.43. Historically, such inflections in LTH supply and spending can precede local market tops, making these on-chain metrics critical for traders to monitor for potential trend reversals (source: glassnode, May 14, 2025).

According to glassnode, Bitcoin's long-term holder (LTH) realized price has increased to $45,340, indicating that coins acquired between $90K–$100K are transitioning into long-term status. This is due to the 155-day holding period, meaning buyers from December 2024 are now classified as LTHs, which raises the overall cost basis of this cohort. For traders, this shift signals a strengthening support zone around the $45,000 level as more coins are held by committed investors, potentially reducing immediate selling pressure and increasing market resilience. Source: glassnode Twitter, May 14, 2025.

According to glassnode, Bitcoin's Realized Cap has increased by nearly $30 billion after a stagnant April, now growing at approximately 3% per month. This rise indicates renewed capital inflows into the Bitcoin market, a key signal for traders seeking confirmation of bullish momentum. However, the current growth rate remains slower than the aggressive accumulation observed during November and December 2024, suggesting that while sentiment is improving, it has not yet reached previous peak levels. These metrics are critical for assessing potential price movements and strategic entry points in the crypto market. Source: glassnode, May 14, 2025.

According to glassnode, the 7-day simple moving average (SMA) of Bitcoin (BTC) Spot Volume Delta has turned positive, reaching a local high of nearly $5 billion yesterday. This surge in aggressive net taker demand has only been observed a few times this year, underscoring real spot market conviction behind BTC's climb above $100,000. For traders, this represents robust underlying buying activity, suggesting sustained bullish momentum and increased liquidity in spot markets, which are critical for short-term and long-term trading strategies (source: glassnode, May 14, 2025).

According to glassnode, Dogecoin (DOGE) futures open interest has surged by 63.9% in the past week, climbing from $989 million to $1.62 billion, even as DOGE's price retreats from recent highs (source: glassnode, May 13, 2025). This decoupling between rising open interest and declining price signals increased speculative activity and potential volatility ahead. Traders should closely monitor this unusual divergence as it may lead to sharp price movements or liquidation events in the short term, which could impact broader crypto market sentiment.

According to glassnode, XRP futures open interest has jumped by over $1 billion in the past week, rising from $2.42 billion to $3.42 billion, a 41.6% increase. This significant uptick in leverage coincides with an XRP price rally from $2.14 to $2.48, signaling heightened speculative activity and stronger directional conviction among traders. For crypto market participants, this combination of rising open interest and price momentum suggests increased volatility and potential short-term trading opportunities in XRP futures markets (source: glassnode, May 13, 2025).

According to glassnode, Ethereum's sharp price increase from $1,800 to $2,500 was primarily facilitated by a low concentration of supply within that range, allowing for swift movement with minimal resistance. The rally encountered significant resistance near $2,580, a price zone where approximately 1.3 million ETH was previously held. As the price approached this level, on-chain data revealed the supply at this range dropped to 1 million ETH, indicating that holders began distributing coins near their cost basis, likely locking in profits and causing a short-term stall in upward momentum. This supply distribution is crucial for traders as it signals potential overhead resistance zones and selling pressure in the current market cycle, impacting short-term trading strategies and risk management (source: glassnode, May 12, 2025).

According to glassnode, BTC supply mapping data indicates robust new demand with the First-Time Buyers RSI consistently at 100 throughout the week, signaling sustained inflows from new participants (source: glassnode, May 12, 2025). However, Momentum Buyers RSI remains low at approximately 11, revealing a lack of aggressive follow-up buying. Additionally, profit takers are increasing, which may suggest heightened selling pressure. If fresh inflows decrease, this combination could result in a period of price consolidation. Traders should monitor on-chain inflow trends and profit-taking activity closely to gauge near-term BTC price action (source: glassnode, May 12, 2025).

According to glassnode, as of May 9, the total Bitcoin holdings in US spot ETFs reached approximately 1.175 million BTC, just 6,500 BTC below the all-time high of 1.182 million BTC. The report highlights that recent inflows have offset earlier outflows, indicating a strong resurgence in institutional demand for Bitcoin. This renewed demand is a bullish signal for crypto traders, as ETF accumulation often precedes price rallies and underscores increasing mainstream adoption. Source: glassnode (@glassnode, May 12, 2025).

According to glassnode, as the Bitcoin market approached the recent local low of $74,000, more than 5 million BTC were held in an underwater position. However, following the market’s recovery, the number of underwater BTC has decreased to approximately 1.9 million, indicating that over 3 million BTC have returned to a profit state (source: glassnode, May 8, 2025). This large shift in holder profitability signals renewed investor confidence and could lead to increased trading activity and liquidity in the market. Traders should monitor resistance and support levels closely as profit-taking and renewed buying may drive volatility near current price levels.

According to glassnode, Bitcoin's price has surged to $97.9k, reaching its highest level in over two months. This sharp rebound has resulted in significant financial relief for traders, with more than 3 million BTC returning to a profitable state (source: glassnode, May 7, 2025). The strong upward momentum signals renewed bullish sentiment, encouraging increased trading activity and potentially attracting institutional inflows. Traders should monitor resistance levels and on-chain profit metrics for continued opportunities in the current crypto bull run.

According to glassnode, a comparison of current prices to the cost basis of euphoric buyers from December 2024 to January 2025 highlights significant mid-term sentiment shifts. Solana (SOL) buyers are facing a 28% loss from a $146 entry, Ethereum (ETH) holders are down 36% from $1,800, while Bitcoin (BTC) is nearly at break-even with just a 1% loss from $95,000. In contrast, XRP stands out with an 11% profit from a $2.14 entry. This divergence in profit and loss among major cryptocurrencies underscores varying risk levels and potential trading opportunities, especially for traders looking for volatility and sentiment-driven moves in the current market climate (source: glassnode, May 6, 2025).

According to @glassnode, 88% of Bitcoin supply remains in profit, with realized losses primarily among traders who bought in the $95,000 to $100,000 range. The supply-in-profit metric has rebounded to its long-term mean, signaling a significant reset in investor expectations. Importantly, there is no sign of widespread capitulation, which suggests continued market stability and potential support for BTC price levels. Traders should note this consolidation phase, as it may present opportunities for entries or exits based on historical profit-taking patterns (source: @glassnode, Twitter, June 2024).

According to glassnode, Bitcoin's MVRV Ratio has reverted to its long-term mean of 1.74, a historically significant level often linked to consolidation phases in the market. This pullback indicates a cooling of unrealized gains, much like the reset witnessed during the August 2024 unwind, and suggests that if the 1.74 level is maintained, it could act as a crucial support zone for traders monitoring entry and exit points (source: glassnode, May 5, 2025).