Glassnode

Bitcoin markets have experienced another liquidation cascade, with prices falling $8.8k in a single day, forcing closed over $5.4B worth of futures contracts.

The market continues to drawdown this week, despite Short- and Long-Term investors holding more profitable supply than the recent correction in September.

As Bitcoin's price breaks down from ATHs this week, we analyze the mechanics behind the drawdown, and its impact on the macro trend moving forwards.

Bitcoin breaks to new all-time-highs as the on-chain dynamics reach an inflection point. We analyse changes in spending patterns, and identify tools for navigating bull market tops.

Bitcoin investor conviction appears to be at all-time-highs, alongside numerous metrics ranging from price, to hash-rate, to proportion of mature coin supply.

As Bitcoin consolidates after the recent all-time-high, constructive developments in both derivatives, and spot markets indicate that further upside is the most probable outcome.

Underlying on-chain fundamentals continue to paint a bullish picture for Bitcoin, as leverage and futures premiums increase in derivatives markets.

The Bitcoin price has rallied strongly out of a zone of heavy accumulation, seeing around $1.75B worth of capital inflows per day.

Exploring the bull and bear cases for the current market structure, as well as a deep dive into our new Lightning Network metrics.

We assess the market response of Bitcoin traders and investors following a week of volatility lead by derivatives markets.