According to Glassnode, an on-chain analogue to the Death Cross has emerged as the 30-day volume-weighted price of Bitcoin ($BTC) has crossed below the 180-day average, indicating weakening momentum. Historically, this pattern has preceded 3-6 months of bearish trends. This development is crucial for traders as it suggests potential downward pressure on Bitcoin prices in the coming months. Source: Glassnode.

According to @glassnode, the 30-day volume-weighted price of Bitcoin ($BTC) has crossed below the 180-day measure, indicating weakening momentum. Historically, this technical pattern, akin to the Death Cross, has been a precursor to bearish trends lasting 3–6 months. Traders should consider this signal in their market strategies. Source: glassno.de/3DTvB3z

According to glassnode, the accumulation trend among Bitcoin whales (holding more than 10,000 BTC) is strengthening, with their accumulation score nearing 0.6. Concurrently, holders with less than 1 BTC have seen their score drop below 0.2, indicating increased distribution. This growing divergence between large and small holders suggests potential market impact, as large holders consolidate their positions while smaller holders distribute.

According to glassnode, between March 19 and March 31, the share of Solana ($SOL) supply last moved at $123.89 increased from 3.69% to 3.73%, and at $144.54 rose from 4.2% to 4.5%, while at $147.49 it fell from 2.08% to 1.98%. This data suggests potential profit-taking or distribution near recent highs, with supply migrating into lower cost basis, which traders should consider for future positioning.

According to Glassnode, the share of wealth held by Bitcoin investors who purchased 3-5 years ago has decreased by 3 percentage points from its peak in November 2024. Despite this decline, the share remains at historically high levels, indicating persistent long-term holding behavior among these investors. This data suggests that while some long-term holders have reduced their positions, the overall confidence in Bitcoin's future value remains robust, which could impact trading strategies focused on long-term investment stability.

According to @glassnode, the majority of investors who bought Bitcoin between 2020 and 2022 are still holding their positions, while over two-thirds of investors who purchased Bitcoin 5–7 years ago had exited by the December 2024 peak. This indicates a shift in holding patterns, which could affect future market liquidity and volatility.

According to @glassnode, the spending from Bitcoin holders with assets aged 3 to 6 months is at the lowest levels since mid-2021. This inactivity suggests that these recent top buyers are holding their positions rather than exiting, despite recent market volatility. This behavior indicates a potential bullish sentiment among mid-term holders, which could stabilize Bitcoin's price action.

According to Glassnode, Bitcoin holders in the 3-6 month category, who are on the verge of achieving Long-Term Holder status, are experiencing a significant increase in wealth. These coins were predominantly acquired near all-time high (ATH) levels, and their ongoing aging reflects strong conviction rather than capitulation.

According to glassnode, during the 2023–25 cycle, Long-Term Holders distributed over 2 million BTC in two waves. Each wave was followed by strong re-accumulation, effectively absorbing sell-side pressure. This cyclical activity has contributed to stabilizing Bitcoin's price action, which is crucial for traders to note.

According to @glassnode, Short-Term Holders currently control around 40% of Bitcoin's network wealth, down from a peak of nearly 50% earlier in 2025. This is significantly below prior cycle tops where new investor wealth peaked between 70–90%. This data suggests a more tempered and distributed bull market, potentially indicating less speculative trading behavior compared to previous cycles.

According to glassnode, the largest Ethereum accumulation zone below the current spot price is at $1,537, where nearly 994K ETH was acquired. This level is expected to act as structural support if the downtrend continues.

According to glassnode, a few clusters of about 250K $ETH with cost bases between $2K–$2.05K have effectively disappeared as of March 28, indicating that some investors are selling at a loss. While a few higher-cost-basis holders are averaging down, overall accumulation appears limited at current price levels.

According to glassnode, Ethereum's Cost Basis Distribution reveals limited support near the current price. Weekly data suggests that addresses with a cost basis of $1.8K have not re-engaged, which clarifies why this price level failed to hold during the recent sell-off.

According to @glassnode, Chainlink's cost basis distribution reveals two significant price clusters at $14.6 with approximately 65 million LINK and $16.0 with about 20 million LINK. These levels are critical for traders as they trace back to long-term investors who have been active since August-October 2024. The engagement of these investors into 2025 suggests these clusters could act as potential support or resistance levels, depending on market conditions.

According to glassnode, the $LINK cluster at $16 indicates active repositioning by investors who added during significant price drops in December, February, and March. This pattern suggests these are strategic, high-conviction holders who are unlikely to sell at current price levels.

According to glassnode, the $14.6 cluster illustrates that LINK holders are engaging in well-timed, less frequent purchases, suggesting a long-term investment approach. Purchases were made at $17 and $28 in December, $25 in January, and a significant acquisition following a bounce from $12 on March 15. These actions indicate that current LINK holders are patient, long-term allocators rather than short-term traders.

According to glassnode, the Bitcoin Cost Basis Distribution reveals that efficient traders purchased nearly 15,000 BTC at a $78K low on March 10 and subsequently sold at the $87K local top. This suggests that with minimal BTC remaining at the $78K level, support there has become thin, potentially impacting future price stability.

According to @glassnode, Bitcoin's current support levels are at $84.1K with approximately 40K BTC, $82.09K with about 50K BTC, and $80.92K with around 20K BTC. These levels serve as a near-term cushion for Bitcoin. Additionally, a significant resistance is developing around $95K, attributed to a growth of 12K BTC in investor cost basis clusters since March 24.

According to Glassnode, if the Bitcoin correction deepens, the 6-month Cost Basis data indicates potential structural support levels below the current spot price. These levels are approximately $49K and $41K for Bitcoin, reflecting significant conviction-driven accumulation zones which could help absorb further downside pressure.

According to glassnode, all loss realization in the Bitcoin market is currently attributed to Short-Term Holders who have held for less than 155 days, indicating recent buyers are facing volatile conditions. Conversely, Long-Term Holders who have held for over 155 days remain in profit and are the primary source of profit-taking.