glassnode

Bitcoin Whales Grow After Price Bottoms, Analyst Says ‘Coins Are Moving to Very Strong Holders’

<strong>While the price of bitcoin has been consolidating just above the $30k handle, onchain data shows that when the price dropped to $28,800, bitcoin whales bought the dip. Statics from Glassnode’s web portal shows the number of addresses with more than 1,000 bitcoin has spiked after hitting the price bottom.</strong> The Number of Addresses Holding …

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Data Shows 78% of the Circulating Bitcoin Supply Is Illiquid, Only 4.2M BTC in Constant Circulation

<div class=”featured_image_container”> </div> <strong>Onchain statistics show 78% of the circulating bitcoin supply is illiquid and barely accessible according to Glassnode research. Data indicates that the analysts have classified 14.5 million bitcoin as illiquid and only 4.2 million bitcoin in constant circulation.</strong> One of the most treasured parts of the Bitcoin (BTC) protocol is the fact …

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Number of Addresses Holding ETH Reaches a New All-Time High at the End of 2020

<div class=”featured_image_container”> </div> <strong>A new milestone has been reached in the crypto sphere, as the number of addresses holding Ethereum hit an all-time high of over 51.4 million before the end of a turbulent 2020 year.</strong> Number of Addresses Holding ETH Hits a New All-Time High Per figures of data site Glassnode, there are now …

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Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving

<div class=”featured_image_container”> </div> <strong>Bitcoin miners have been yielding a very profitable year in monthly revenues, as the latest onchain data shows significant figures at its highest levels since 2019.</strong> Hourly Bitcoin Mining Revenues Hits 2019 Highs According to Glassnode, BTC miners are currently earning $1 million per hour, meaning an increase of 185% since the …

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Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual

<div class=”featured_image_container”> </div> <strong>The cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit. Regardless of the all-time price highs, the world’s bitcoin miners are not spending more bitcoin than usual according to onchain statistics. Bitcoin miner outflow has been higher during the …

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XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

<div class=”featured_image_container”> </div> <strong>Digital currency markets have seen some volatile action this week and during the last 24 hours following the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/XRP” target=”_blank” rel=”noopener noreferrer”>XRP</a> charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because <a class=”lar-automated-link” …

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Bitcoin on Exchanges Drop to Lows Not Seen Since 2018, Long-Term Holders Realize Profits

<div class=”featured_image_container”> </div> <strong>According to data, bitcoin balances on exchanges are shrinking a great deal and have dropped to levels not seen in two years. Arcane Research detailed that charts showing the number of bitcoin leaving exchanges has seen a sharp decline and has been “one of the main stories of the year.” Meanwhile, onchain …

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‘Insanely bullish’: Glassnode CTO predicts BTC price will 10X from here

The CTO of crypto market data aggregator Glassnode, Rafael Schultze-Kraft, has described a slew of Bitcoin market indicators as “insanely bullish” and predicted prices are set to increase by more than 10 times. On Dec. 9, Schulze-Kraft tweeted a thread providing the basis for his ultra-optimistic prediction, presenting six “of the most important on-chain market …

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Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time Highs

<div class=”featured_image_container”> </div> <strong>While the price of bitcoin has spiked to levels not seen in three years a number of other factors show that the current run-up is similar to the 2017 bull run. Active bitcoin addresses have neared all-time record highs, while the network’s hashpower has remained high as well coasting along at 130 …

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Bitcoin price doubles since the halving, with just 3.4M Bitcoin left for buyers

The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, …

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