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 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, Bitcoin is currently testing major resistance between $93,000 and $95,000, having broken its recent downtrend and established a new higher high. Both on-chain and technical indicators signal a critical turning point in the market, with increased trading volume and active addresses suggesting strong investor interest. Traders should closely monitor the $93K–$95K resistance zone, as a breakout could confirm the start of a new bullish phase, while rejection may lead to short-term volatility (Source: Glassnode Week On-Chain report).

According to glassnode, despite recent strong rebounds in the crypto market, short-term hot capital for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) remains significantly below their respective cycle highs. Specifically, BTC hot capital is down $60.5B or 60.8%, ETH is down $6.6B or 60.3%, SOL is down $5.9B or 38.4%, and XRP is down $5.5B or 71.7%. This suggests that while price recoveries have occurred, trader capital allocations remain cautious, potentially limiting short-term upside momentum and increasing volatility risk. Traders should closely monitor capital flows for signals of renewed bullish conviction. (Source: glassnode, Twitter, April 29, 2025)