According to glassnode, Bitcoin's Adjusted Spent Output Profit Ratio (aSOPR) currently stands at 1.01, just above the breakeven point. Historically, similar resets in mid-2020 and late 2023 preceded market rallies. The current level indicates a potential for buyer absorption if it maintains, whereas a decline below could suggest increased sell-side pressure. Traders should watch this as a key moment for trend confirmation.

According to Glassnode, Bitcoin’s 1-week realized volatility has decreased to 23.42%, approaching historical lows. Historical data indicates that such compressions in volatility have previously preceded significant market movements. Traders should closely monitor price action for potential volatility-driven opportunities.

According to glassnode, Bitcoin's one-week options implied volatility (IV) has dropped to 37.39%, reaching levels not seen since early 2023 and early 2024, which previously led to significant volatility spikes. Currently, longer-term implied volatility remains higher, with three-month IV at 53.1% and six-month IV at 56.25%, indicating potential market movements. Traders should consider these IV levels in strategy planning as historically low short-term IV often precedes increased price fluctuations. Source: glassnode.

According to @glassnode, recent market data shows broader drawdowns with BONK (-6.92%), PEPE (-6.81%), SOL (-2.65%), and ETH (-0.84%). Notably, Ethereum (ETH) is holding up better than Solana (SOL), suggesting a potential shift in liquidity flows. This performance indicates Ethereum's relative strength in the current market conditions, which may influence trading strategies.

According to glassnode, memecoins are facing substantial declines with $TRUMP dropping by 33.1% and $SHIBA by 27.9%, suggesting significant outflows from these assets. In contrast, Bitcoin has maintained its position, showing stability despite prevailing market uncertainties.

According to glassnode, funding rates confirm a shift in the market dynamics. Bitcoin (BTC) and Ethereum (ETH) maintain slightly positive funding rates, indicating a continued bullish sentiment. However, Solana (SOL) has seen its funding rate turn negative, suggesting increased short interest and potential bearish sentiment. Additionally, negative funding rates in memecoins indicate dominant short positioning, hinting at an unwinding of excessive leverage in these riskier assets.

According to @glassnode, futures markets are experiencing a notable cooling trend, with a significant reduction in open interest (OI) across major cryptocurrencies. Over the last 30 days, Bitcoin (BTC) OI decreased by 11.1%, Ethereum (ETH) OI dropped by 23.8%, Solana (SOL) OI fell by 6.2%, and meme coins experienced a massive 52.1% decline in OI. This trend indicates a potential reduction in leveraged trading activities, which is crucial for traders to consider when assessing market conditions.

According to Glassnode, the latest Week On-Chain report reveals that Bitcoin's on-chain activity has seen a significant increase, with a notable rise in transaction volumes. This uptick is attributed to renewed investor interest and heightened market activity (source: Glassnode). Furthermore, Ethereum's network congestion has decreased, leading to lower transaction fees, which could attract more traders to the platform (source: Glassnode). These insights suggest a potential bullish trend in the cryptocurrency markets, making it a crucial time for traders to monitor market movements closely.

According to glassnode, the recent consolidation of Bitcoin raises questions about whether it represents a healthy reset or the onset of a deeper correction. The report discusses how slowing capital inflows and declining futures interest are influencing market momentum. Additionally, it examines how ETF flows are shaping institutional demand for Bitcoin versus Ethereum.

According to Glassnode, subscribers can now access a streamlined version of their cryptocurrency analysis report along with all relevant charts directly on Glassnode Studio. This offers traders enhanced tools for making data-driven decisions based on the latest market trends and analytics provided by Glassnode.

According to glassnode, both $SHIB and $FLOKI have experienced steep declines in open interest, with SHIB's OI dropping by 74.41% from $323M to $83M, and FLOKI's OI decreasing by 69.18% from $41.7M to $12.9M. This sharp correction across memecoins suggests a potential leverage flush out, indicating traders should be cautious of volatility and possible shifts in market sentiment.

According to @glassnode, memecoins PEPE, BONK, and WIF have experienced significant deleveraging with PEPE reducing by 71.93% from $1.25B to $351M, BONK by 75.10% from $715M to $178M, and WIF by 69.83% from $653M to $197M. The open interest (OI) in these assets has cooled off following previous speculative peaks, indicating a substantial reduction in leveraged positions.

According to glassnode, the Futures Open Interest across the memecoins sector has seen a noteworthy decline. Specifically, $DOGE's Futures Open Interest 7-day moving average has decreased by 58.45%, dropping from $3.58 billion on December 9, 2024, to $1.49 billion as of today. This indicates a substantial reduction in trading interest and potential market liquidity for $DOGE, which could impact short-term trading strategies.

According to glassnode, Solana outperformed Ethereum in 23 of the first 49 days of the year. However, Solana's 30-day price change showed a significant decline of -32% as of February 17, compared to Ethereum's -17% and Bitcoin's -8%, indicating higher sensitivity to recent market drawdowns.

According to @glassnode, Bitcoin's Long-Term Holder (LTH) Net Unrealized Profit/Loss (NUPL) has been above 0.75 for approximately 31 days, with an average of 0.76. Historically, euphoria phases in market cycles have lasted 450, 385, and 228 days, respectively, with a decreasing NUPL average from 0.91 to 0.89 to 0.85. This suggests a potential continuation of the euphoria phase, which could impact trading strategies related to Bitcoin's market trends.

According to glassnode, Solana's 7-day average transaction fees have exceeded Ethereum's since January 9. Although Solana's market dominance saw a decline in February, the weekly fee difference remains above $3 million, suggesting sustained relative strength over Ethereum.

According to @glassnode, the current trading price of TON is $3.75, resulting in a market price to realized price ratio of approximately 1.54. This suggests that investors are experiencing around 54% unrealized profit. This metric is crucial for traders assessing the profitability of holding onto their TON investments, as it reflects the potential gains that have not yet been realized.

According to glassnode, the digital asset market has faced significant volatility recently, with sharp declines in prices leading to substantial losses for investors. The altcoin sector experienced the most severe downturn, with notable drops in valuation impacting trading strategies and portfolio management. Glassnode's analysis highlights the need for traders to reassess risk management and adjust to the shifting market dynamics. Source: glassnode.

According to glassnode, Bitcoin's market cap peaked at $2.1 trillion on January 21, while altcoins, excluding Ethereum and stablecoins, peaked at $1.03 trillion on December 8. Since then, Bitcoin's market cap has declined by 8.2%, whereas altcoins have experienced a significant drop of 29.8%. This divergence indicates a shift in capital preference towards Bitcoin over altcoins. For traders, this trend suggests a potential reallocation of investments to Bitcoin as it shows relative strength compared to the broader altcoin market.

According to glassnode, the 7-day average funding rate has fallen to 0.004%, marking an 85% decrease from its December peak of 0.026%. This decline suggests a reduction in demand for leveraged long positions and a weakening speculative appetite. Without a resurgence in leverage, cryptocurrency price action may remain volatile, impacting trading strategies and market dynamics.