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).