According to @glassnode, over 50% of ETH ETF inflows have been mirrored by rising CME ETH futures open interest, indicating TradFi positioning is not purely directional. Source: @glassnode. The firm adds that flows point to a blend of outright exposure and arbitrage strategies while ETH trades below recent local highs, shaping how ETF and futures demand interact. Source: @glassnode.

According to @glassnode on X on Sep 5, 2025, Bitcoin's (BTC) futures funding rates have cooled to about USD 366,000 per hour, approaching the neutral threshold for this cycle at USD 300,000 per hour. According to @glassnode, a break below USD 300,000 per hour would signal fading demand in BTC perpetual futures. According to @glassnode, such a move would deepen the off-chain divergence from prior bullish phases.

According to @glassnode on X on September 4, 2025, short-term holder profitability for BTC fell from over 90 percent to 42 percent during the selloff, then recovered to near 60 percent. According to @glassnode on X on September 4, 2025, this places the market in a neutral but fragile state. According to @glassnode on X on September 4, 2025, a recovery above 114k to 116k dollars for BTC would restore confidence, while continued weakness risks deeper losses. According to @glassnode on X on September 4, 2025, traders can monitor the 114k to 116k reclaim and the short-term holder profitability trend as key triggers and risk gauges.

According to @glassnode, off-chain sentiment is cooling while futures funding remains neutral but vulnerable, signaling fragile positioning in derivatives markets, source: @glassnode. The firm reports that ETF inflows have slowed sharply, reducing momentum from passive vehicles, source: @glassnode. For Bitcoin BTC, flows were mostly directional spot demand, highlighting spot-led participation, source: @glassnode. For Ethereum ETH, the flow mix included significant cash-and-carry trades, indicating a larger share of basis-hedged activity versus pure spot buying, source: @glassnode.

According to @glassnode, the recent all-time high marked the third euphoric phase of this cycle. Source: Glassnode, X, Sep 4, 2025. @glassnode reports that price has retraced into the 0.85-0.95 quantile cost basis band. Source: Glassnode, X, Sep 4, 2025. @glassnode adds that this zone often precedes sideways consolidation before the next major trend, implying range-bound conditions where traders can monitor breakouts beyond the 0.85-0.95 band to confirm direction. Source: Glassnode, X, Sep 4, 2025.

According to @glassnode, Bitcoin is consolidating in the USD 104k-116k air gap after significant absorption by investors. According to @glassnode, futures and ETF flows are showing cooling demand. According to @glassnode, strength above 116k could revive the uptrend, while a breakdown risks a move toward 93k-95k.

According to @glassnode, BTC is consolidating in the $104k to $116k air gap after significant investor absorption, highlighting a neutral range-bound regime for price action. According to @glassnode, futures and spot ETF flows show cooling demand, signaling softer momentum from derivatives and fund inflows. According to @glassnode, strength above $116k could revive the uptrend, while a breakdown would put $93k to $95k at risk as the next downside target. According to @glassnode, the trading focus is on a confirmed breakout above $116k or a failure that transitions price toward the $93k to $95k support zone.

According to @glassnode, at a BTC price of $110,000, roughly 9% of Bitcoin supply is at an unrealized loss of up to 10% (source: Glassnode, X post dated Sep 2, 2025). According to @glassnode, the local bottom of this cycle had over 25% of supply in loss with unrealized drawdowns up to 23% (source: Glassnode, X post dated Sep 2, 2025). According to @glassnode, historical global bear markets saw over 50% of supply in loss with unrealized losses up to 78% (source: Glassnode, X post dated Sep 2, 2025). According to @glassnode, this comparison frames the current dip as materially lighter than prior cycle bottoms and bear phases by on-chain loss metrics, giving traders a clear benchmark for risk context (source: Glassnode, X post dated Sep 2, 2025).

According to @glassnode, Cost Basis Distribution data shows a clear divergence in spot flows: BTC spot activity is dense while ETH is sparse with air gaps (source: Glassnode on X, Sep 2, 2025). According to @glassnode, this implies ETH price dynamics are more influenced by off-chain markets such as derivatives than by spot flows (source: Glassnode on X, Sep 2, 2025). According to @glassnode, traders tracking ETH should therefore emphasize derivatives metrics like funding, open interest, and basis to gauge price drivers, whereas BTC appears more spot-driven given its dense CBD profile (source: Glassnode on X, Sep 2, 2025).

According to @AltcoinGordon, ETH held on centralized exchanges continues to trend lower, signaling reduced immediately sellable supply, source: @AltcoinGordon. Historical on-chain studies show that declining exchange reserves often align with lower spot sell pressure and can support price during demand upswings, source: Glassnode research. Traders should validate the signal by checking ETH exchange reserves, netflows, and holdings across major venues using Glassnode and CryptoQuant dashboards before positioning, source: Glassnode; CryptoQuant. A prudent setup is to pair shrinking exchange balances with rising spot cumulative volume delta and favorable perp funding or basis to confirm demand, source: CryptoQuant derivatives analytics. Structural factors like staking and L2 adoption have contributed to a multi-year downtrend in ETH exchange balances since the Merge, providing context for the current signal, source: Glassnode research.

According to @glassnode, US spot Ethereum ETFs recorded net inflows of approximately 286,000 ETH last week, ranking among the strongest weekly prints since launch (source: @glassnode). @glassnode also reported that ETH closed the week near $4,400, while institutional demand via ETFs remains firm (source: @glassnode). Using @glassnode's figures, the weekly inflow equates to roughly $1.26 billion at a $4,400 reference price, quantifying the scale of ETF-driven demand noted by @glassnode (source: @glassnode).

According to @glassnode, US spot Bitcoin (BTC) ETFs recorded net inflows of +3,018 BTC last week, reversing the previous week’s net outflows. According to @glassnode, the return to positive flows brought renewed support despite choppy BTC price action around $108,000. According to @glassnode, at roughly $108,000 per BTC, the weekly inflow equates to about $326 million in net demand.

According to @glassnode, approximately 97,000 BTC were spent by long-term holders on Friday, marking the largest single-day LTH move this year and driving most of the increase in smoothed spending activity. Source: @glassnode, Sep 1, 2025. This concentrated event explains the latest uptick in on-chain spending metrics tracked by Glassnode. Source: @glassnode, Sep 1, 2025.

According to Glassnode, ETH outperformed all altcoin sectors over the past month, with DeFi and Layer2 the closest performers, while most altcoin sectors ended the period in decline (source: Glassnode, Aug 29, 2025). Based on this sector rotation and relative strength profile, traders can prioritize ETH over broad altcoin exposure and watch DeFi and Layer2 for continuation or mean-reversion setups using the same dataset as confirmation (source: Glassnode, Aug 29, 2025).

According to @glassnode, no altcoin sector outperformed ETH over the past month (source: @glassnode, Aug 29, 2025). DeFi and Layer 2 were the closest performers to ETH in that period (source: @glassnode, Aug 29, 2025). Most altcoin sectors ended the month in decline, highlighting broad market underperformance outside ETH (source: @glassnode, Aug 29, 2025).

According to @glassnode, ETH options skew showed an upside bias on Aug 22, with the 1-week skew at -7% and calls richer than puts (source: @glassnode). By Aug 25, the skew turned defensive to +4% as puts became richer (source: @glassnode). On Aug 28, skews across tenors moved near 0%, indicating a neutral balance and a rapid repricing of ETH risk back to equilibrium (source: @glassnode).

According to @glassnode, total daily USDT transfer volume on Ethereum has shown a consistent pattern since the cycle low, with each major BTC rally coinciding with a surge of more than 250% in USDT activity (source: @glassnode). According to @glassnode, these USDT volume spikes have been followed by cooldown phases as BTC slipped into downward consolidation (source: @glassnode). According to @glassnode, the shared chart indicates a clear on-chain linkage between stablecoin flow intensity on Ethereum and Bitcoin rally momentum and subsequent consolidations, as presented at https://t.co/QFuaAlakOn (source: @glassnode).

According to @glassnode, The Bitcoin Vector: Week 17 has been released, built by Swissblock in collaboration with Willy Woo and presented by Glassnode. source: Glassnode The announcement confirms a fresh weekly update to the Bitcoin Vector framework that market participants track for BTC context, but the provided excerpt includes no signal values, trend bias, or price levels. source: Glassnode Traders seeking actionable entries, exits, and risk metrics should consult the full Week 17 report, as no quantitative indicators are disclosed in the excerpt. source: Glassnode

According to Glassnode on X on Aug 29, 2025, ETH’s realized cap grew 9.4% over the past month, outpacing SOL at 4.9% and BTC at 2.6%, an on-chain signal of stronger net inflows for ETH (source: Glassnode on X, Aug 29, 2025). Glassnode adds that SOL’s recent uptick in realized cap indicates new inflows even as Ethereum plateaued earlier, yet ETH still leads by realized cap growth this month, highlighting ETH’s relative strength versus SOL and BTC (source: Glassnode on X, Aug 29, 2025).

According to @glassnode, MVRV standard deviation bands have capped SOL rallies at the +0.5σ level since the March 2024 top, indicating profit-taking has outweighed demand at that band, source: @glassnode. SOL now trades near the MVRV mean around $210, making this level critical to defend for bullish continuation, source: @glassnode. If the mean holds, the next upside test is the +0.5σ band near $275, which has acted as resistance, source: @glassnode.