Whales on Hyperliquid have been longing the breakout of the range. Their conviction and long positioning have steadily increased over the past two months, signaling strong bullish sentiment among big perp players.
📊https://glassno.de/495ArH0
📊https://glassno.de/495ArH0
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Bitcoin has retested February highs just below 80K and is now consolidating slightly below this level.
Read the full Options Weekly here
Read the full Options Weekly here
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#BTC shows renewed activity with rising transfer volume, but lower fees and subdued liquidity point to reduced speculation. Profitability metrics improve, easing bearish sentiment.
Read this week’s Market Pulse👇
https://glassno.de/48rLsCx
Read this week’s Market Pulse👇
https://glassno.de/48rLsCx
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Aave V3 lost $4.0B in available liquidity in 29 hours after the Kelp DAO rsETH bridge exploit.
WETH utilization hit 100% in 1.4 hours, seven hours before the Protocol Guardian's freeze.
The contracts held throughout. The bridge did not.
Read the full report 👇
📰http://glassno.de/4ubtLzl
WETH utilization hit 100% in 1.4 hours, seven hours before the Protocol Guardian's freeze.
The contracts held throughout. The bridge did not.
Read the full report 👇
📰http://glassno.de/4ubtLzl
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The Week On-Chain 17, 2026
Trapped Below Market Mean
#BTC remains capped below the True Market Mean, with support at $65k–$70k. Spot selling is easing and flows stabilise, but demand is weak. Heavy short positioning leaves room for squeezes in a range-bound market.
Executive Summary
- Price has rejected at the True Market Mean (~$79k) and short-term holder cost basis, confirming resistance and reinforcing a mid-term downside bias.
- Spot selling pressure is easing, with volume delta recovering toward neutral and early signs of buyer re-engagement emerging.
- Perpetual futures positioning has flipped to a record net short bias, highlighting elevated hedging activity and squeeze potential.
Read the full Week On-Chain
Trapped Below Market Mean
#BTC remains capped below the True Market Mean, with support at $65k–$70k. Spot selling is easing and flows stabilise, but demand is weak. Heavy short positioning leaves room for squeezes in a range-bound market.
Executive Summary
- Price has rejected at the True Market Mean (~$79k) and short-term holder cost basis, confirming resistance and reinforcing a mid-term downside bias.
- Spot selling pressure is easing, with volume delta recovering toward neutral and early signs of buyer re-engagement emerging.
- Perpetual futures positioning has flipped to a record net short bias, highlighting elevated hedging activity and squeeze potential.
Read the full Week On-Chain
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🔄 Update:
With the spot price trading at $75.7K, the key on-chain price models are as follows:
🟡 Active Investors Mean: $85.0k
🔴 STH Cost Basis: $78.9K
🟢True Market Mean: $78.0K
---- Spot Price: $75.7K ----
🔵 Realized Price: $54.1K
📊 glassno.de/3XDy2xe
With the spot price trading at $75.7K, the key on-chain price models are as follows:
🟡 Active Investors Mean: $85.0k
🔴 STH Cost Basis: $78.9K
🟢True Market Mean: $78.0K
---- Spot Price: $75.7K ----
🔵 Realized Price: $54.1K
📊 glassno.de/3XDy2xe
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#Bitcoin has entered a choppier, reactive phase following a sharp rally into the $80K region, with recent price action marked by a swift rejection from local highs and a pullback back toward the mid-$78K range.
Read this week’s Market Pulse👇
https://glassno.de/4tRNbcU
Read this week’s Market Pulse👇
https://glassno.de/4tRNbcU
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As price spiked from $78k to $80k, the 2Y-3Y holder cohort, those who accumulated ahead of the ETF launch, ramped up profit-taking to over $209M/hr, realizing 60%-100% in gains.
Long-term holders are using this strength to exit into liquidity.
📉 glassno.de/4w9QfT2
Long-term holders are using this strength to exit into liquidity.
📉 glassno.de/4w9QfT2
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The Week On-Chain 18, 2026
Bulls Approach the Ceiling
#BTC pushes beyond $80K toward key resistance near $85K, with bulls in control. ETF demand builds and shorts persist, but overhead supply may cap upside without stronger spot follow-through.
Executive Summary
- Bitcoin has broken above the True Market Mean at $78.2k and Short-Term Holder Cost Basis at $79.1k, with holding above these levels suggesting a short-lived deep value phase and $85.2k as the next key resistance.
- Glassnode’s Moderate Strategy has re-entered allocation after BTC reclaimed ~$76K, capturing recent upside while maintaining a focus on downside protection.
- Front-end implied volatility has repriced higher following the breakout, while realized volatility lags, rebuilding a positive volatility risk premium.
Read the full Week On-Chain
Bulls Approach the Ceiling
#BTC pushes beyond $80K toward key resistance near $85K, with bulls in control. ETF demand builds and shorts persist, but overhead supply may cap upside without stronger spot follow-through.
Executive Summary
- Bitcoin has broken above the True Market Mean at $78.2k and Short-Term Holder Cost Basis at $79.1k, with holding above these levels suggesting a short-lived deep value phase and $85.2k as the next key resistance.
- Glassnode’s Moderate Strategy has re-entered allocation after BTC reclaimed ~$76K, capturing recent upside while maintaining a focus on downside protection.
- Front-end implied volatility has repriced higher following the breakout, while realized volatility lags, rebuilding a positive volatility risk premium.
Read the full Week On-Chain
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New addresses appearing on the XRP network have collapsed from 18k/day in Dec 2024 to 2.7k/day today, an 85% decline.
Monthly active supply tells a similar story, dropping from 7.45B XRP/day to ~2B XRP/day over the same period.
The speculative wave that drove XRP's late-2024 surge has largely unwound at the network level.
📉http://glassno.de/4u8BDBW
Monthly active supply tells a similar story, dropping from 7.45B XRP/day to ~2B XRP/day over the same period.
The speculative wave that drove XRP's late-2024 surge has largely unwound at the network level.
📉http://glassno.de/4u8BDBW
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#BTC climbed from the high-$77Ks to low-$82Ks as spot demand and futures activity strengthened. Momentum cooled near highs, while options markets continued pricing elevated uncertainty.
Read this week’s Market Pulse👇
https://glassno.de/48PCn6D
Read this week’s Market Pulse👇
https://glassno.de/48PCn6D
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