Glassnode Founders Say Bitcoin Crash To $37,000 Wouldn’t Be A Bad Thing, Here...
Glassnode co-founders Jan Happel and Yann Allemann recently indicated that a Bitcoin crash to $37,000 would be a good thing. They also explained why they wouldn’t be sad about such a massive price decline for the flagship crypto. Bitcoin Dropping To $37,000 Would Be A Steal Happel and Allemann mentioned in an X (formerly Twitter) post on their shared account that a Bitcoin price drop to $37,000 would be a steal. They added that they won’t be “mad” about the price crash because it would give them an opportunity to buy more BTC at such low levels. The Glassnode co-founders won’t hesitate to....
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Ethereum is wavy when writing as bulls struggle to build momentum and push the coin above the immediate resistance levels at around $2,400 and $2,800. Even so, most ETH holders are upbeat, expecting prices to turn around the corner and soar, even breaking above July highs of around $3,500. 61% Of ETH Holders In The Money Amid this development and the general lull, IntoTheBlock data shows that 61% of all ETH holders are in the money. That over 50% of all ETH holders are in green despite the coin shedding nearly 35% from July highs and nearly 45% from 2024 highs points to resilience,....
The on-chain analytics firm Glassnode has broken down which Bitcoin investor cohorts sold at the biggest loss during the latest price crash. Recent Bitcoin Buyers Have Combined Realized $2.16 Billion In Loss Recently In a new post on X, Glassnode has discussed what the capitulation event triggered by the Bitcoin price crash has been like. […]
Glassnode co-founders Jan Happel and Yann Allemann, who publish under the @Negentropic handle on X, argue that the current crypto crash is being driven not by a broad narrative turn, but by a single, systematic source of sell pressure whose footprint is most visible in Bitcoin and is spilling into the wider complex. Their core assertion is categorical: “What’s happening in Bitcoin right now isn’t a narrative shift: it’s a mechanical unwind.” In that framing, the tape is reflecting the forced exit of one participant rather than an organic repricing of crypto risk. Why Is The Crypto Market....
Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Related Reading: Glassnode Founders Say Bitcoin Crash To $37,000 Wouldn’t Be A Bad Thing, Here’s Why Hackers Drain $6 Million From DeFi Protocol On Monday morning, cyber security platform Cyvers Alerts informed the community about the ongoing attack on DeFi borrowing....
Data from Glassnode shows that the recent Bitcoin crash was the largest in history in dollar terms, coming in at $2.56 billion. The “corona crash” of March 2020 was the previous biggest, at $1.38 billion. Although 13% gains yesterday brought welcome relief, uncertainty still rules. The question on everyone’s mind is, are we still in […]