Tag: Glassnode

Bitcoin’s $85,000 recovery awaits proof that ETF investors kept buying after payrolls

Bitcoin's recovery past $85,000 faces a demand test following a drop in rate hike wagers, with investors watching whether exchange-traded fund inflows and sustained buying will continue after the recent US payrolls report.

Bitcoin’s $87,000 rally just flipped from short squeeze to long risk

Bitcoin recently rallied to $87,400, initiating a new bull market and triggering short liquidations, but weakening spot demand, rising profit-taking, and shifting leverage now present new risks for long traders.

Bitcoin’s $84,000 wall gets harder to break as ETF inflows sink to $31 million

US Bitcoin exchange-traded funds recorded a modest $31 million in net inflows as institutional interest cooled, while Bitcoin faced strong resistance near the $84,000 supply wall.

Bitcoin clears $86,000 as $1B in shorts liquidated again – battle now shifts to $90k

Bitcoin surges past $86,000, triggering $1 billion in short liquidations and pushing the cryptocurrency to its highest valuation since January. Market attention now shifts toward the $90,000 threshold as options open interest concentrates.

Strategy and Strive buy $183 million in Bitcoin as $85,000 rally revives treasury trade

Strategy and Strive collectively purchased roughly $183 million in Bitcoin last week as a renewed cryptocurrency rally past $85,000 helped corporate balance sheets recover previous unrealized losses.

Offshore Bitcoin futures crash 97% as traders abandon traditional risk

Offshore Bitcoin dated futures volume has crashed 97% since 2021 as traders split their activity between perpetual futures and options, according to Glassnode and CryptoSlate data.