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Crypto research firm Glassnode said in an X post that Bitcoin's market dominance is on the rise. After bottoming out at around 54% in December 2024, Bitcoin's dominance has exceeded 57% in January 2025. This trend is similar to the 2020 cycle, when bitcoin dominance bottomed out at around 60% in November 2020 and then began to decline after rising to 69% in January 2021.
According to Glassnode data, retail demand remains strong as the bitcoin price approaches $100,000. Groups holding 1-10 bitcoins took in nearly twice the new supply last month, indicating continued buying activity among small investors.
On January 24th, according to Glassnode data, the Bitcoin Mayer Multiple shows that the current price is close to the 200-day moving average, and historical data indicates that it may experience severe fluctuations. The data shows that Bitcoin's current 60-day price range is very narrow. Historically, this tight price range has often heralded sharp fluctuations. It is reported that the Bitcoin Mayer Multiple is an oscillator indicator calculated by the ratio of Bitcoin's price to its 200-day mov...
Glassnode said that a key indicator related to BTC's 60-day price range is giving the green light to volatility bulls. This means that price movements could become more widespread, with recent money flows skewed towards bullish. Analysis by Glassnode shows that Bitcoin's 60-day trading range is now narrower than the current trading range, a pattern that has historically heralded volatility outbursts.
On January 22, Coindesk analyst James Van Straten said that the Glassnode data showed that the hashprice indicator reached 62 PH/s, which is a bullish signal in history. It is reported that the hashprice is a measure of mining profitability created by Luxor. Mining revenue was below the 365-day moving average (SMA) for most of 2024. It only returned to...
On January 22nd, according to Glassnode data, Bitcoin's capital inflows have slowed since it broke through $100,000. Despite this, the actual market value of BTC has reached a record high of $832 billion and continues to grow at a rate of $38.60 billion per month. In December 2024, net realized profit take-back peaked at $4.50 billion and has now fallen to $316.70 million (-93%). This reduction in seller pressure indicates that the market is resetting to supply and demand balance. The sum of rea...
On-chain analyst Ali said in a post on the X platform that based on Glassnode data, 540,000 ETH (worth $1.84 billion) has flowed out of the exchange in the past month.
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