Built for Investing, Trading, and Research, Glassnode Services

Glassnode

Built for Investing, Trading, and Research

Glassnode Services

Built for investing, trading, and research. Access a unified platform that integrates spot, futures, options, ETFs, DATs, and on-chain data. Raw digital asset data is notoriously complex and scattered across hundreds of disconnected sources. We eliminate this fragmentation by aggregating these diverse inputs into a unified data layer. Access the insights that shape the industry. Our expert analysts decode the entire digital asset landscape, translating comprehensive market data into the premier intelligence that professional investors rely on.

Crypto

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

<ul>
<li>Bitcoin trading volume remains unusually low, and new money explains less than two fifths of the rise in Realized Cap.</li>
<li>Recent buyers took profit into Sunday's close above $85K, sending the largest share of exchange inflows in a year.</li>
<li>Options traders lean bullish again: put/call ratios sit low for 2026, and spending on calls now far outweighs spending on puts.</li>
</ul>


Bitcoin trading volume remains unusually low, and new money explains less than two fifths of the rise in Realized Cap.
Recent buyers took profit into Sunday's close above $85K, sending the largest share of exchange inflows in a year.
Options traders lean bullish again: put/call ratios sit low for 2026, and spending on calls now far outweighs spending on puts.


<ul>
<li>Bitcoin trades near $86k on Monday, in the upper part of the range it has held for two weeks, after a Sunday rally lifted the weekly close about 2% above the previous one.</li>
<li>The positioning built around the breakout two weeks ago has eased.</li>
<li>Futures open interest sits back inside its range, near its upper edge, and options open interest dropped back after the quarterly expiry. </li>
</ul>


Bitcoin trades near $86k on Monday, in the upper part of the range it has held for two weeks, after a Sunday rally lifted the weekly close about 2% above the previous one.
The positioning built around the breakout two weeks ago has eased.
Futures open interest sits back inside its range, near its upper edge, and options open interest dropped back after the quarterly expiry. 


<ul>
<li>
Bitcoin never closed below the Realized Price in this bear market. The share of coins in profit fell as far as in 2022, but NUPL stayed positive.
</li>
<li>
Price sits just above a large block of long-term holder supply at $84K-$85K. The next major on-chain resistance is the mean MVRV price at $96.7K.
</li>
<li>
Options positioning built up in one day: dealer hedging could speed up moves between spot and $92K and slow them near $95K.
</li>
<li>
Profit taking is a fraction of what it was at the 2024-2025 tops, even though almost all short-term holders are in profit.
</li>
<li>
ETF buying is picking up, and spot volume has more than doubled from its August low, this time with price rising and spread across many exchanges.
</li>
<li>
Altcoins are rising broadly, but traders have added very little leverage.
</li>
</ul>



Bitcoin never closed below the Realized Price in this bear market. The share of coins in profit fell as far as in 2022, but NUPL stayed positive.


Price sits just above a large block of long-term holder supply at $84K-$85K. The next major on-chain resistance is the mean MVRV price at $96.7K.


Options positioning built up in one day: dealer hedging could speed up moves between spot and $92K and slow them near $95K.


Profit taking is a fraction of what it was at the 2024-2025 tops, even though almost all short-term holders are in profit.


ETF buying is picking up, and spot volume has more than doubled from its August low, this time with price rising and spread across many exchanges.


Altcoins are rising broadly, but traders have added very little leverage.



<ul>
<li>The Decentralization Spectrum: Design Tradeoffs In Digital Assets is a joint report by ARK Invest and Glassnode that maps Bitcoin, Ethereum, and Solana across four design features and six measurable dimensions of decentralization.</li>
<li>Decentralization and centralization are architectures at two ends of digital asset network design.</li>
<li>While “decentralized” and “centralized” networks seem to be binary alternatives, the reality is more nuanced. Blockchain design choices fall along a spectrum.</li>
</ul>


The Decentralization Spectrum: Design Tradeoffs In Digital Assets is a joint report by ARK Invest and Glassnode that maps Bitcoin, Ethereum, and Solana across four design features and six measurable dimensions of decentralization.
Decentralization and centralization are architectures at two ends of digital asset network design.
While “decentralized” and “centralized” networks seem to be binary alternatives, the reality is more nuanced. Blockchain design choices fall along a spectrum.


Ark Invest x Glassnode: The Decentralization Spectrum

Built for investing, trading, and research. Access a unified platform that integrates spot, futures, options, ETFs, DATs, and on-chain data.

Raw digital asset data is notoriously complex and scattered across hundreds of disconnected sources. We eliminate this fragmentation by aggregating these diverse inputs into a unified data layer.

Access the insights that shape the industry. Our expert analysts decode the entire digital asset landscape, translating comprehensive market data into the premier intelligence that professional investors rely on.

Glassnode
Built for Investing, Trading, and Research
• Glassnode Services

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