Digital asset data, analytics, and research. https://xitter.cf/t.co/VrKU3mBzsv https://xitter.cf/t.co/oQcrlZNkPF
Zug, CH
Joined July 2018
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This market looks a lot like summer 2023.
In 2023, bitcoin:native's first big move off the bottom ran into a meme and altcoin frenzy. Volatility then sank. This year has followed the same order, with volatility now at the lows.
More on these parallels in this week's Week On-chain.
$85K keeps turning $BTC back. Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break. More in depth analysis in our latest Week on Chain report
glassnode retweeted
"outflows from ETFs are signal"
wrong. people need to stop treating ETF flows as a leading indicator.
ETF flows chase price.
they line up with the price move that already happened (r≈0.36) and say almost nothing about the next one.
A brutal year for Bitcoin is just getting started.
Give me three minutes to explain why you should dump it now.
Outflows from ETFs are signal and will continue.
We will test the 57k low again in the next 12 months.
Why?
Because there are far too many dynamic places to put your money that are creating MUCH more value.
Why put your resources into a dead network that offers nothing beyond a store of value?
What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?!
The viral nature of bitcoin was it's power... if you didn't own you were MOCKED!
Now? Completely reasonable, heck, SMARTER, to ignore bitcoin and place other bets!
No one is trying to convince people to buy Bitcoin anymore... the memes and NFTs are gone.
No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS!
Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity.
This should be obvious to everyone right now.
Bitcoin will never break its all-time high again.
Bitcoin is quiet. The market under it is not.
Long-term holders sit on coins bought above $85K. Each dip brings smaller losses. Stocks now outtrade Bitcoin perps on Hyperliquid. Altcoin breadth is fading.
Twelve analyses on how it all fits together 👇
$85K keeps turning $BTC back. Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break. More in depth analysis in our latest Week on Chain report
$85K keeps turning $BTC back. Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break. More in depth analysis in our latest Week on Chain report
glassnode retweeted
The largest liquidation cluster now sits above bitcoin:native.
It sits around $87k, just above the October high.
If price climbs back toward it, shorts there would be forced to cover, which could add fuel to the move up.
bitcoin:native is beating the S&P 500 again.
Over recent weeks it has won more trading days than it lost. In June it won only one day in five, its weakest stretch in more than five years.
Outperformance like this could become reflexive as investors move to the strongest asset class.
AI agents can now use our custom backtesting engine.
Connect Claude or ChatGPT to Glassnode Alpha Lab, describe the goal, and it tests strategies using our data.
The agent asks & our machine learning framework does the heavy lifting.
glassno.de/alphalab
An example of what the engine finds:
xitter.cf/glassnode/status/21150…
Our backtesting engine found this bitcoin:native rule.
It buys when the 30-day RSI of entities in profit crosses above its threshold.
Since July 2023, its worst drawdown was 20%, against 53% for holding.
Discover your own strategy 👇
glassno.de/alphalab
Our backtesting engine found this bitcoin:native rule.
It buys when the 30-day RSI of entities in profit crosses above its threshold.
Since July 2023, its worst drawdown was 20%, against 53% for holding.
Discover your own strategy 👇
glassno.de/alphalab
glassnode retweeted
Altcoin speculation has slowed down
Total spot volume is back to about 3x bitcoin:native's, its median since 2022. In late September it was running near 4x.
For buyers looking at altcoins, this is a better entry than it was when the market was overheated a month ago.
bitcoin:native trades near $80k on Monday after a midweek push toward $85k failed. Longs keep paying up in funding and options traders are hedging, while spot and ETF buyers stepped back as price fell.
Read our latest BTC Market Pulse👇
glassno.de/3WOh2qM
Speculation rotated into equities during Bitcoin's bear market.
On Hyperliquid, TradFi perps hit over 3x the bitcoin:native perp's volume in August, just when BTC investors capitulated.
More in our report with @FasanaraDigital:
glassno.de/fasanara-q4
Traditional finance is moving onto crypto rails.
Perpetuals on stocks, gold and oil grew into a large part of perp trading on major venues while bitcoin:native sat in a bear market.
Our new report with @FasanaraDigital examines what that means for allocators.
glassno.de/4ieSL4r
glassnode retweeted
Long term holders are suppressing bitcoin:native price.
Each time price moves toward $85k it meets sellers who have sat at a loss for most of 2026.
Short-term holders take the other side, in profit with a floor around $78k. They provide the shorter term support levels.
glassnode retweeted
Gold is moving on-chain. Gate is leading the charge.
According to @glassnode, Gate ranks #1 in 7-day average tokenized gold perpetual open interest, contributed 42% of the net increase in 2026, and climbed from #9 to #2 since April 2025.
Meanwhile, Gate’s $BTC reserves grew 4.9% YoY while the median across 10 other exchanges fell 6.4%.
The data speaks for itself.
$BTC is boxed in between $80K and $87K.
Below, buyers refilled the bids at the ETF and treasury cost basis. Above, the top buyers' break-even, the main asks and the largest liquidation clusters share one zone.
More on ETF flows, MSCI and altcoins in this week's Week On-chain.
BTC treasury companies are in profit but barely buying.
They hold $BTC at a cost basis of about $80K, and price has closed above it since September 18.
In profit, buying can feed on itself: purchases lift price, price lifts their shares, and their shares fund more purchases.
Binance asks and the biggest liquidation clusters sit around $87K.
The top buyers still cap $BTC price near the same levels.
A daily close above that level with ETF inflows would show buyers absorbing the supply.
More in this week's Week On Chain
