Market Pulse: Week 30 With price pulling back slightly after touching a new all-time high, Bitcoin has hovered around $117k throughout the week. Capital flows remain robust. Profitability metrics have started to cool. Overall, market conditions reflect a healthy yet fragile balance.
The Bitcoin Vector #13 combining Swissblock’s macro-informed framework with Willy Woo’s on-chain models.
Coinbase + Glassnode: Charting Crypto Q3 2025 Discover key on-chain and market trends shaping the crypto outlook in Coinbase and Glassnode’s Q3 2025 report.
Price Discovery Bitcoin has reached a new all-time high, trading as high as $122.6k, putting all BTC investors back into profit. Based on key on-chain metrics, and if history acts as a guide, a potential push toward ~$130K may be on the cards before demand exhaustion sets in.
Market Pulse: Week 29 Bitcoin breaks above $120K as investor conviction surges. This week’s Market Pulse analyzes rising spot and ETF flows, aggressive futures positioning, and elevated on-chain profitability - highlighting both bullish momentum and rising correction risks.
Volatility Tightens Accumulation pressure remains strong across a range of metrics, pointing to a continued tightening of Bitcoin’s supply side. At the same time, under the surface, volatility is quietly building across both on-chain and derivatives markets.
BTC Market Pulse: Week 28 Bitcoin edges toward $110K amid rising RSI and funding rates, signaling bullish momentum. Yet, declining spot volumes and ETF flows highlight weak follow-through. On-chain metrics show high profitability and stable capital inflows, underscoring selective investor participation.
Inferring Leveraged Positioning from Price and Open Interest Discover how Glassnode's Leverage Position Openings and Closures (LPOC) metrics reveal real-time crypto leverage trends by analyzing price and open interest. Move beyond funding rates and liquidation data to identify market tops, bottoms, and systemic risk with greater precision.
A Return to Profitability Following Bitcoin’s recovery to $107K, many investors are once again in profit. However, current price levels appear less attractive for profit-taking than during the initial $100k breakout, with investor behavior suggesting a renewed phase of HODLing and reduced distribution.
Bybit + Glassnode: The Lazarus Hack and Market Resilience Report Explore how Bybit’s response to the February 2025 Lazarus hack became a real-world stress test for digital asset markets. This Glassnode report analyzes exchange flows, liquidity recovery, and institutional market structure across BTC, ETH, and SOL in a 23-page data-driven case study.
BTC Market Pulse: Week 27 Bitcoin seems to have entered a cautiously optimistic regime, with stronger positioning from institutional players and renewed accumulation, but still fragile participation on the retail side.
A Compressed Range Bitcoin remains in a $100k–$110k range as profit-taking slows and activity metrics cool. While support at $99k holds, fading spot volume and cautious futures sentiment suggest limited upside momentum without a significant influx of demand.
Avenir + Glassnode: Bitcoin's Liquidity Profile An innovative study by Glassnode and Avenir Group exploring how Bitcoin’s liquidity profile is being reshaped by structural capital flows, institutional demand, and macro-financial integration.
BTC Market Pulse: Week 26 Following the conflicts in the Middle East, Bitcoin broke out of its recent range to the downside. The market appears to be less overheated, and with weakening demand amid renewed uncertainty, the risk of further downside correction remains elevated.
Gemini + Glassnode: Bitcoin Adoption, Volatility, and Market Cap A joint report by Gemini and Glassnode, this analysis explores Bitcoin’s 2025 institutional landscape - highlighting the rise of sovereign reserves, the dominance of off-chain trading venues, and the structural shift toward long-term custody and macro adoption.
An On-chain Ghost Town Despite Bitcoin’s elevated price, a clear divergence has emerged between market valuation and network activity. In this report, we explore investor activity across both on and off-chain markets, and examine how network metrics have changed this cycle.
BTC Market Pulse: Week 25 The market sits in a high-risk, not overheated, regime, marked by fading spot strength, elevated profitability, and steady but cautious participation across derivatives and ETFs. Without renewed demand from both retail and institutional investors, the current cooling momentum may persist.
Market Recovery After recovering from the $101k level, Bitcoin continues its approach towards its ATH. However, under the surface, volatility appears to be brewing across both the on-chain and options market. In this report, we assess the momentum of the current rally and explore key support and resistance levels.
BTC Market Pulse: Week 24 The market has entered a high-risk but not overheated structure, with spot weakness, cautious derivatives, and waning institutional flows. For the uptrend to resume, renewed demand from both retail and institutional participants is essential, otherwise, this cooling phase may persist.
