Our backtesting engine found this $BTC rule.
It buys when the 30-day RSI of entities in profit crosses above its threshold.
Since July 2023, its worst drawdown was 20%, against 53% for holding.
Discover your own strategy 👈
It buys when the 30-day RSI of entities in profit crosses above its threshold.
Since July 2023, its worst drawdown was 20%, against 53% for holding.
Discover your own strategy 👈
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$85K keeps turning $BTC back.
Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break.
More in depth analysis in our latest Week on Chain report
Since January, Bitcoin has closed above it on only five days, never more than three in a row. It's a truly tough level to break.
More in depth analysis in our latest Week on Chain report
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Bitcoin is quiet. The market under it is not.
Long-term holders sit on coins bought above $85K. Each dip brings smaller losses. Stocks now outtrade Bitcoin perps on Hyperliquid. Altcoin breadth is fading.
Twelve analyses on how it all fits together 👇
https://twitter.com/glassnode/status/2115427475635196352
Long-term holders sit on coins bought above $85K. Each dip brings smaller losses. Stocks now outtrade Bitcoin perps on Hyperliquid. Altcoin breadth is fading.
Twelve analyses on how it all fits together 👇
https://twitter.com/glassnode/status/2115427475635196352
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This market looks a lot like summer 2023.
In 2023, $BTC's first big move off the bottom ran into a meme and altcoin frenzy. Volatility then sank. This year has followed the same order, with volatility now at the lows.
More on these parallels in this week's Week On-chain.
In 2023, $BTC's first big move off the bottom ran into a meme and altcoin frenzy. Volatility then sank. This year has followed the same order, with volatility now at the lows.
More on these parallels in this week's Week On-chain.
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US spot #Bitcoin ETFs have seen net outflows over the past 30 days for the first time since late July, reaching -$292M on Oct 26.
The dip remains shallow, and inflows have returned this week. $BTC
Chart: https://glassno.de/etfs-30d-netflow
The dip remains shallow, and inflows have returned this week. $BTC
Chart: https://glassno.de/etfs-30d-netflow
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Outflows across chains happened one after the other. XRP went first, then SOL shortly after, then BTC, ETH, USDT and TRX together, finally USDC.
Binance's BNB balance was left untouched.
It wasn't just the major assets.
Dozens of smaller tokens saw a large share of their Binance balance leave in the same hour. According to our data, #FUN tokens were completely drained from the exchange.
Binance's BNB balance was left untouched.
It wasn't just the major assets.
Dozens of smaller tokens saw a large share of their Binance balance leave in the same hour. According to our data, #FUN tokens were completely drained from the exchange.
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