#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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