Join Us for a Live Webinar
Join us July 2nd for a live webinar with Glassnode and Avenir Group as we examine the key liquidity trends shaping the Bitcoin market now. Register today.
We’ll share findings from our latest joint research report – looking at how on-chain activity, exchange flows, institutional trading, and macro conditions are interacting to reshape Bitcoin’s market behaviour.
Understand how liquidity influences not just short-term volatility, but also long-term market structure and investor participation.
Register now to join live or receive the full recording.
Join us July 2nd for a live webinar with Glassnode and Avenir Group as we examine the key liquidity trends shaping the Bitcoin market now. Register today.
We’ll share findings from our latest joint research report – looking at how on-chain activity, exchange flows, institutional trading, and macro conditions are interacting to reshape Bitcoin’s market behaviour.
Understand how liquidity influences not just short-term volatility, but also long-term market structure and investor participation.
Register now to join live or receive the full recording.
We are excited to present our latest collaborative research report with Gemini - Bitcoin Adoption, Volatility, and Market Cap
Our latest 18-page institutional report unpacks the growing influence of sovereign treasuries, ETFs, and offchain venues on Bitcoin’s market structure.
Key takeaways:
- Over 30% of BTC supply is held by centralized treasuries
- The Strategic Bitcoin Reserve reshapes long-term allocation frameworks
- ETF flows are transforming custodial structure without shrinking available supply
- Volatility has declined across all time horizons
- Institutional inflows can drive market cap growth up to 25× in the short term
A must-read for institutional allocators and analysts navigating Bitcoin’s transition into a sovereign-grade macro asset.
Download the full report: http://glassno.de/44689ZJ
Our latest 18-page institutional report unpacks the growing influence of sovereign treasuries, ETFs, and offchain venues on Bitcoin’s market structure.
Key takeaways:
- Over 30% of BTC supply is held by centralized treasuries
- The Strategic Bitcoin Reserve reshapes long-term allocation frameworks
- ETF flows are transforming custodial structure without shrinking available supply
- Volatility has declined across all time horizons
- Institutional inflows can drive market cap growth up to 25× in the short term
A must-read for institutional allocators and analysts navigating Bitcoin’s transition into a sovereign-grade macro asset.
Download the full report: http://glassno.de/44689ZJ
As Bitcoin becomes more integrated with traditional finance, its behavior increasingly reflects the structure and pressures of global markets.
In partnership with Avenir Group, we’ve released a new research report that dissects Bitcoin’s liquidity across three dimensions:
– On-chain capital movements
– Exchange-based market microstructure
– Macro linkages and cross-asset correlations
The result is a unified framework for understanding how institutional flows, ETF activity, and global liquidity cycles interact to shape Bitcoin’s performance.
Built for those looking to connect crypto market structure with macroeconomic context.
Download it here: https://glassno.de/40lyF05
In partnership with Avenir Group, we’ve released a new research report that dissects Bitcoin’s liquidity across three dimensions:
– On-chain capital movements
– Exchange-based market microstructure
– Macro linkages and cross-asset correlations
The result is a unified framework for understanding how institutional flows, ETF activity, and global liquidity cycles interact to shape Bitcoin’s performance.
Built for those looking to connect crypto market structure with macroeconomic context.
Download it here: https://glassno.de/40lyF05
Don’t forget to register for our exclusive webinar with Avenir on July 2nd. We’ll walk through the key findings of our joint report and take a closer look at Bitcoin evolving liquidity and macro profile.
Save your spot: http://glassno.de/4l4cjs5
Save your spot: http://glassno.de/4l4cjs5
Week On-Chain, Week 25, 2025
Bitcoin remains in a $100k–$110k range as profit-taking slows and activity metrics cool. While support at $99k holds, fading spot volume and cautious futures sentiment suggest limited upside momentum without a significant influx of demand.
Executive Summary:
- Headline volatility defines recent moves: Bitcoin briefly dropped to $99k amid geopolitical tensions, then rebounded to $106k after headlines of de-escalation circulated.
- Strong structural support at $93k–$100k: The CBD Heatmap shows concentrated accumulation in this zone, formed during Q1 2025.
- Profitability and activity metrics cooling down: Realized profit is tapering off from the third major wave of this cycle. On-chain transfer volume dropped ~32%, and spot volume remains low at $7.7B, reflecting reduced investor engagement.
- Futures markets are still active, but with lower conviction: Despite high trading volume, open interest dropped 7% and liquidations have surged on both sides.
Read the full report here
Bitcoin remains in a $100k–$110k range as profit-taking slows and activity metrics cool. While support at $99k holds, fading spot volume and cautious futures sentiment suggest limited upside momentum without a significant influx of demand.
Executive Summary:
- Headline volatility defines recent moves: Bitcoin briefly dropped to $99k amid geopolitical tensions, then rebounded to $106k after headlines of de-escalation circulated.
- Strong structural support at $93k–$100k: The CBD Heatmap shows concentrated accumulation in this zone, formed during Q1 2025.
- Profitability and activity metrics cooling down: Realized profit is tapering off from the third major wave of this cycle. On-chain transfer volume dropped ~32%, and spot volume remains low at $7.7B, reflecting reduced investor engagement.
- Futures markets are still active, but with lower conviction: Despite high trading volume, open interest dropped 7% and liquidations have surged on both sides.
Read the full report here