According to glassnode, investors who held Bitcoin (BTC) for at least 12 months realized over $1 billion in profit per day last week, marking the fifth largest spike of this cycle. Notably, the current selling pressure is primarily driven by experienced, long-term holders rather than short-term speculators (source: glassnode, June 5, 2025). This trend suggests a potential top formation phase for BTC, as profit realization by seasoned investors historically coincides with market cycle peaks. Traders should closely monitor on-chain metrics and profit-taking flows, as such large-scale exits often precede heightened volatility and potential corrections in the broader cryptocurrency market.

According to glassnode, Bitcoin settled over $2.9 trillion on-chain in 2024, reinforcing BTC's significance as a global settlement layer. Despite reduced price volatility, the high transaction volume demonstrates robust network activity. For crypto traders, this sustained on-chain utility signals ongoing institutional and cross-border usage, supporting Bitcoin’s liquidity and underlining its role in the broader cryptocurrency market. Source: glassnode (June 5, 2025).

According to glassnode, Bitcoin ($BTC) options open interest has doubled since the previous cycle, reaching an all-time high of $43 billion in 2024. This surge is fueled by increased participation from institutional investors, who are favoring CME's options products for longer-dated strategies and structured positioning (source: glassnode, June 5, 2025). This shift indicates deepening market maturity and liquidity, which can lead to higher volatility and more nuanced price discovery in the crypto markets. Traders should monitor CME-driven flows as they are likely to influence both spot and derivatives price action.

According to glassnode, in collaboration with CME Group, their latest report provides a detailed analysis of Bitcoin market structure in H1 2025, focusing on capital flows, derivatives positioning, investor behavior, and ETF dynamics. The report highlights that capital flows into spot Bitcoin ETFs have increased institutional participation, while on-chain data indicates a shift in investor behavior towards longer holding periods. Derivatives markets, particularly CME Bitcoin futures, show a rising trend in open interest and a preference for hedging strategies among professional traders. The interplay between on-chain and off-chain activity suggests growing market maturity, which is crucial for traders seeking to anticipate price moves and volatility. These insights offer actionable information for cryptocurrency traders monitoring liquidity, ETF inflows, and derivatives market signals (Source: glassnode, CME Group, June 5, 2025).

According to glassnode, Bitcoin's Realized Cap reached a record $872 billion by May 2025, reflecting over $400 billion in net inflows since the 2022 low (source: glassnode, June 5, 2025). This surge indicates a significant accumulation phase and strong investor conviction, signaling a potentially bullish trend for BTC traders. The data suggests increased long-term holding and reduced sell pressure, which are key trading signals for potential upward momentum in the crypto market.

According to glassnode, despite recent drawdowns in the bitcoin market, major Bitcoin ETF providers BlackRock and Fidelity have remained in profit, with average cost bases at $69,200 and $57,400 respectively. These institutional benchmarks have contributed to establishing a soft price floor for BTC, underscoring the stabilizing impact of large-scale institutional capital on bitcoin price movements. This trend offers traders a clearer understanding of key support levels and enhances confidence in BTC's resilience amid market volatility (source: glassnode, June 5, 2025).

According to glassnode, the current Bitcoin market is being driven by a combination of realized profit-taking dynamics, changes in derivatives positioning, and active capital rotation between sectors. Glassnode reports that realized profits have increased notably, suggesting that many investors are taking advantage of recent price rallies to secure gains. Derivatives market data shows a shift in open interest, with traders adjusting leverage and exposure in response to volatility. Additionally, capital rotation patterns indicate a flow of funds from Bitcoin into select altcoins, potentially impacting Bitcoin’s short-term price stability. These concrete metrics highlight the importance of tracking on-chain realized profits, derivatives market positioning, and capital flows for informed Bitcoin trading decisions (source: glassnode, June 5, 2025).

According to glassnode, the largest Bitcoin ($BTC) holders have shifted from distribution back to accumulation, signaling renewed buying strength across all wallet cohorts. Notably, both the 10–100 BTC and less-than-1 BTC wallet groups have reached a maximum accumulation score of 1.0, highlighting strong confidence from both retail and mid-sized investors. This intensified accumulation phase suggests potential upward price momentum and increased support for Bitcoin, which could influence broader crypto market sentiment and trading strategies (source: glassnode, June 5, 2025).

According to glassnode, Solana (SOL) saw its third-largest year-to-date spike in Coin Days Destroyed on June 4, 2025, reaching 3.55 billion. Only February 26th (5.53B) and March 3rd (4.64B) recorded higher levels. Historically, such spikes reflect long-dormant coins being moved, often signaling a shift in holder conviction. For traders, this metric could indicate a possible change in trend or increased selling pressure, making it crucial to monitor the SOL order books and on-chain flows for confirmation of a broader market move (source: glassnode, June 4, 2025).

According to glassnode, entity-adjusted URPD data over the past six months reveals a strong institutional presence in the Bitcoin market. Wallets holding over 100,000 BTC are most concentrated at the $74,000–$76,000 price range, indicating significant accumulation at this level. Large whales with 10,000–100,000 BTC are active at $78,000–$79,000, $85,000–$90,000, and near current price levels, suggesting strategic accumulation and potential support zones. Above $90,000, trading activity is led by holders with 100–10,000 BTC, highlighting a shift in market structure. This clustering of large holders at specific price bands provides traders with clear support and resistance levels for Bitcoin, reflecting institutional strategies that could influence short-term price action (source: glassnode, June 4, 2025).

According to glassnode, the BTC options Put/Call Open Interest (OI) ratio has dropped from 0.64 to 0.56 as call OI decreased from $28.7B to $24.7B and put OI fell from $18.4B to $13.9B. This shift indicates that, while the market remains call-heavy, both bullish and bearish positions have been scaled back, reflecting reduced conviction among traders during recent choppy price movements. This decline in both call and put OI suggests lower leverage and potentially less volatility in the short term, which can impact trading strategies and risk management for crypto market participants. Source: glassnode (June 4, 2025).

According to glassnode, entity-adjusted realized profit in the Bitcoin market exceeded $500 million per hour three times within the last 24 hours, indicating a significant increase in profit-taking by investors. Such sharp profit surges often signal potential short-term selling pressure and heightened volatility, which can impact Bitcoin price support levels and trading momentum. For crypto traders, this data from glassnode suggests the possibility of intensified selling in the near term, warranting close monitoring of price action and order book liquidity for optimal trade entries and exits. Source: glassnode (https://glassno.de/4jtQ51h, June 3, 2025).

According to glassnode, Bitcoin's recent all-time high (ATH) breakout has resulted in a significant increase in profits locked in, with the average Bitcoin holder realizing a 16% gain. Data shows that fewer than 8% of trading days have been more profitable for investors, marking a clear shift toward profit-taking activities. This transition could impact short-term Bitcoin price momentum, increase volatility, and influence liquidity across the broader cryptocurrency market as traders adjust their positions based on realized gains (source: glassnode, June 3, 2025).

According to Glassnode (@glassnode), the latest Week On-Chain report highlights significant trends in Bitcoin's on-chain metrics, including a notable increase in exchange inflows and heightened activity among long-term holders. The report emphasizes that recent price volatility has led to a surge in realized profits and a slight uptick in short-term holder capitulation, which may signal potential local bottoms for active traders. Additionally, Glassnode notes a rise in new wallet creation and transaction volume, suggesting renewed market interest and possible accumulation phases. These insights are critical for traders seeking to identify optimal entry and exit points in the current crypto landscape (Source: glassno.de/3Z2VXr7).

According to @Andre_Dragosch, Bitfinex has just experienced one of the largest single net exchange outflows of Bitcoin in history, totaling 20,835 BTC based on data from @glassnode. Such significant outflows are typically interpreted as a signal that large holders are moving assets off exchanges, potentially reducing immediate selling pressure and indicating bullish sentiment. Traders should monitor on-chain activity and exchange balances closely, as these trends often precede upward price movements in the crypto market. (Source: @Andre_Dragosch via Twitter, @glassnode data)

According to glassnode, US spot Bitcoin ETFs recorded a net inflow of 6,148 BTC last week, marking the seventh consecutive week of positive inflows. While this figure is lower than the previous week's, it signals persistent institutional demand even as overall market momentum cools. This sustained inflow trend is a key trading indicator for Bitcoin price stability and could influence short-term price movements, making it critical for traders to monitor ETF demand as a signal for market sentiment (source: glassnode, June 2, 2025).

According to glassnode, BTC's Realized Cap HODL Waves data shows that holders in the 3–5 year cohort still control a significant 12% of Bitcoin's circulating supply. Historically, this group tends to sell during market strength, which often triggers profit-taking events. However, the recent slowdown in selling activity suggests many of these long-term holders are currently exhausted or waiting for higher price levels before offloading more BTC. For traders, this indicates that while there may be less immediate sell pressure from this cohort, any significant price rally could prompt renewed distribution. Monitoring these HODL Waves can help traders anticipate potential resistance zones and inform entry or exit strategies. Source: glassnode (June 2, 2025)

According to glassnode, the supply held by 3–5 year Bitcoin holders reached an all-time high of 15.7% on November 9, 2024, the highest level since March 2017. These long-term holders began selling after the peak, paused briefly, and resumed selling in April 2025. Despite recent sell-offs, their share remains at 11.9%, significantly above the cycle low of around 3%. This persistent overhang signals a substantial amount of BTC could re-enter the market, increasing potential selling pressure and volatility for traders. The data highlights the importance of monitoring long-term holder movements for informed BTC trading decisions (source: glassnode, June 2, 2025).

According to glassnode, Bitcoin investor behavior data as of May 28, 2025, indicates a significant drop in Momentum Buyers, with the RSI falling to around 20, while Profit Takers' RSI spiked to approximately 77. This pattern is typically observed near local market tops, as more traders shift focus from accumulating BTC to locking in profits. Such a shift in sentiment can result in increased short-term selling pressure, raising the risk of price corrections. Traders should closely monitor these on-chain metrics and consider adjusting their strategies to account for heightened volatility and potential pullbacks in the cryptocurrency market. (Source: glassnode, Twitter, June 2, 2025)

According to glassnode, first-time buyers remain highly active in the Bitcoin market, as indicated by a 30-day RSI above 90. This elevated momentum suggests continued new demand could sustain the ongoing Bitcoin rally. However, if this influx of new buyers slows, the market may experience short-term consolidation due to weakening momentum support and increased profit-taking. Traders are advised to monitor cohort rotation and demand trends closely, as these factors could impact immediate price action and volatility (source: glassnode, June 2, 2025).