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, Long-Term Holders have accumulated an additional 254,000 BTC that have aged over 155 days since the recent market low, with many purchases reportedly made above the $95,000 level. Current on-chain data shows limited spending activity among these holders, indicating renewed confidence and a lack of de-risking at prevailing market prices. This accumulation trend suggests strong holding sentiment and potential support levels, which are important factors for traders monitoring Bitcoin price stability and upward momentum (source: Glassnode).

According to glassnode, since April 21, Bitcoin's hot capital has surged from $20.7 billion to $39.1 billion, marking a significant increase of $18.7 billion or 92%. This rapid growth in short-term realized cap highlights a notable spike in active capital turnover, suggesting intensified trading activity and liquidity in the BTC market. Such a substantial increase in hot capital often signals greater volatility and potential for strong price movements, making it a key metric for traders monitoring short-term trends (source: glassnode, April 29, 2025).

According to glassnode, the latest BTC supply mapping update reveals that both First Buyers and Momentum Buyers are maintaining strong engagement, indicating robust ongoing demand from new and trend-following market participants. Meanwhile, Profit Takers’ activity remains moderate, suggesting there is not significant profit-taking or distribution pressure at present. This dynamic is constructive for traders, as it points to sustained buying interest and potential for continued price stability or upward momentum, based on verifiable on-chain data from glassnode (source: glassnode, April 28, 2025).

According to glassnode, despite rising open interest (OI), the average funding rate for Bitcoin futures has decreased to -0.023%, indicating a strong tilt towards short-side positioning among BTC traders. This shift suggests that many market participants are betting against the recent price rally. If bullish momentum continues, it could trigger a short squeeze scenario, forcing short sellers to cover their positions and potentially driving the price higher (source: glassnode, April 25, 2025). Traders should monitor funding rates and OI for potential volatility and rapid price movements.

According to Glassnode, Bitcoin's path to reclaiming $100K faces significant resistance, with a dense cluster of 392K BTC held at ~$97K. This level is critical as many investors may choose to sell at break-even, creating a potential supply barrier.

According to Glassnode, Long-Term Bitcoin Holders (LTH) remain generally profitable, yet as BTC top buyers transition into LTH status, the potential for increased loss absorption emerges. Historically, such transitions have signaled the onset of a bear market, although current data shows no definitive indication of this trend.

According to Glassnode, Bitcoin's unrealized losses normalized by percentage drawdown indicate that short-term holders are enduring significant losses. This situation mirrors early bear market conditions seen in past cycles, suggesting potential trading strategies for those considering entry or exit points.

According to glassnode, Bitcoin's RHODL Ratio has increased from approximately 0.1 in February to over 0.2 by mid-April, marking a significant 2x rise in two months. This trend is reminiscent of previous post-peak transition periods, such as in 2018 and late 2021, where long-term holders begin reaccumulating Bitcoin while short-term speculative activities decrease. Traders should consider this as an indicator of potential market stabilization and reduced volatility, possibly signaling a favorable environment for strategic long-term investment. This data suggests that current market dynamics may encourage cyclical accumulation rather than short-term trading. [Source: glassnode]

According to Glassnode, Supply Mapping now tracks five distinct behavioral cohorts: Conviction Buyers, Momentum Buyers, First-Time Buyers, Profit Takers, and Loss Sellers. This enhanced approach adds significant depth to the Cost Basis Distribution, providing insights not only into the location of supply but also the reasons behind its movement. This information is particularly valuable for traders aiming to anticipate market trends and make informed decisions. By understanding these cohorts, traders can better gauge market sentiment and potential price movements.

According to @glassnode, $OM futures Open Interest dramatically decreased from $261M to $121M within just 10 minutes starting at 18:10 UTC on April 13, coinciding with a price drop. By 19:40 UTC, Open Interest reached a low of $47M as the price fell to $0.45, indicating a rapid, broad-based futures unwind.

According to Glassnode, the Cost Basis Distribution for $OM indicates no major concentration of holdings from early trading periods, with the largest accumulation zone below the current spot price at $0.05, totaling approximately 26 million $OM, originating in May 2022. This zone is significantly below the largest cluster at $6.66, which holds around 197 million $OM. This distribution pattern may suggest potential trading opportunities for investors focusing on long-term accumulation zones and price movements.

According to @glassnode, analysis of exchange flows on a 10-minute resolution revealed no major inflows of $OM prior to the collapse. The most significant spike occurred post-crash, with approximately 38 million $OM traded at $0.71 on April 14, 08:20 UTC. This suggests that the movement was driven by retail panic or opportunistic trading, rather than preemptive sell-offs.

According to Glassnode, the recent increase in $OM's transfer count is reflected in its active address count, peaking at 574 participants. This suggests that the #Mantra token sell-off was widespread, engaging a larger group of market participants rather than being isolated to a few addresses (source: Glassnode).