Brett Singer

Blockchain research

Glassnode:

[Brett Singer @Brett_Glassnode]

Polled Claude, Perplexity, Grok, and Gemini on one question:

What % of Americans will have jobs in the future?

Not nearly as bearish as I expected.

[Brett Singer @Brett_Glassnode]

Update on Glassnode signals:

They continue to outperform.

Despite the recent pump:
• Top model is Short
• All others are Out

No chase. No FOMO.

On-chain structure still leans defensive.

The edge is patience.

#Bitcoin #Crypto #OnChain

[Brett Singer @Brett_Glassnode]

What caused the market to decline?

1. Whale Distribution: Large holders sold more than 180,000 BTC from late December through the end of January, adding meaningful supply to the market.

2. Derivatives Liquidations: Significant liquidations in derivatives markets injected additional liquidity into an environment already facing excess supply and weak demand ~ adding approx. 39,000 BTC to supply.

3. Options Market Sentiment: Options markets have reflected bearish near-term sentiment since August 2025, with downside positioning accelerating in early December.

4. New Investor Capitulation: The share of BTC held by new wallets declined sharply (from approximately 23% to 17% of total supply) indicating selling by newer participants without sufficient new entrants to absorb supply.

5. ETF Outflows: Roughly 82,000 BTC have exited spot BTC ETFs since November 2025, further contributing to net sell pressure.

[Brett Singer @Brett_Glassnode]

@_CryptoArsenal @xrpscan @glassnode Sure. Let's have a call next week. I'll DM you some times for us to chat.

[Brett Singer @Brett_Glassnode]

Crypto Insights Group (CIG) reports that the average blockchain directional fund was down –16.9% last year, while BTC fell –6.5% and ETH –11.5%.

That’s clear underperformance.

Many strategies still rely primarily on price and market data, missing the context provided by on-chain fundamentals and derivatives signals.

A few years ago, Glassnode published a set of model portfolios demonstrating how on-chain data can be applied systematically. Those models, by contrast, outperformed. Averaging roughly +1% on the year.

Better data → better decisions. If you’d like to explore these models further, feel free to reach out.

[Brett Singer @Brett_Glassnode]

New Beta Release: Glassnode on Snowflake

We’ve just released a beta Snowflake environment at Glassnode designed specifically for quantitative teams that need scalable, high-performance access to blockchain data inside their existing analytics stack.

This unlocks:
- Native querying directly in Snowflake
- Faster workflows for research, modeling, and backtesting
- Easier collaboration across quant, data, and engineering teams
- Enterprise-grade governance and security

If this is relevant for your team and you’d like early access or more details, send me a message and I’m happy to connect.

#snowflake #quant #crypto

[Brett Singer @Brett_Glassnode]

365-day change in balances across crypto entities:

Exchanges, ETFs, futures & options markets, and government wallets have each grown or declined by roughly $10–30B over the past year.

That may sound substantial until you realize corporate treasuries have increased by approximately $100B over the same period.

#BTC #glassnode #MSTR

[Brett Singer @Brett_Glassnode]

@munchPRMR @glassnode @CryptoVizArt Happy to chat. Please DM me and we can get started.

[Brett Singer @Brett_Glassnode]

Glassnode's Chart of the Week is out, with analysis from yours truly.

Catch the full breakdown here: https://t.co/Z2dp03amEQ

[Brett Singer @Brett_Glassnode]

BTC down 12% this month:

Exchange inflows: 23k BTC (↓ pressure)
Spot ETF outflows: 23.7k BTC (↓ pressure)
Futures contraction: 1.4k BTC (↓ risk)
Options expansion: 14.2k BTC (hedging)
Corporate treasuries: 5.5k BTC (↑ pressure)

#Bitcoin #OnChain #Glassnode

[Cointelegraph @Cointelegraph]

🎧 TUNE IN: AI trading bots are taking over. Are they money printers or just hype with hidden risks?

Join Cointelegraph host @savannah_fortis with @glassnode’s Sales & Research Lead @Brett_Glassnode and @cindicator’s CFO & Partner @nkolmakhidze for this conversation.

[Brett Singer @Brett_Glassnode]

@boognerc Not much different. Below are the current numbers:
- 73% futures
- 15% spot
- 11% on-chain
- 2% Options

[Brett Singer @Brett_Glassnode]

Fascinating to see how Ethereum’s trading landscape has evolved.

In 2021, volumes were ~50/50 between CEXs and on-chain.

Today, futures dominate, making up ~73% of daily ETH volume.

Institutional activity has reshaped market dynamics, and Glassnode tracks it all in one view.

[Brett Singer @Brett_Glassnode]

Equity investors have had dynamic Excel data for decades. 📊

Now it’s crypto’s turn. 🚀

With Glassnode’s Excel Add-In, you can pull on-chain + market data straight into your sheets. Dynamic. Customizable. API-powered.

DM me to learn more.
#Crypto #TradFi #OnChainData #Excel

[Brett Singer @Brett_Glassnode]

CIG just dropped their #crypto fund outlook: directional fund index is -8.64% YTD, with some funds down -43%. Brutal.

Meanwhile, 4 of 5 @glassnode onchain models outperformed. No tweaking, just a sound framework.

If you're managing crypto & not using #onchain data... why not?

[Brett Singer @Brett_Glassnode]

Crypto exchanges are expected to hold reserves that reflect trader demand on their platforms.

But take a look at this pie chart of current exchange reserves.

Is this the allocation you’d expect?

I’m shocked by how small the SOL holdings are.

[Brett Singer @Brett_Glassnode]

We may hitting ATHs in price, but not in profit-taking.

🟠 Realized Profits
🟠 AVIV Ratio
🟠 Value Days Destroyed

…all remain well below peak levels. This suggests we’ve still got room to run in this BTC rally. 🚀

#BTC #Crypto #OnChainData #CryptoSentiment

[Brett Singer @Brett_Glassnode]

SOL is seeing:

- Larger realized profit declines vs BTC, ETH, XRP
- Lower NUPL vs peers
- Weaker annualized funding rates

Yet usage remains strong & long-term holders are accumulating.

Is SOL quietly building the base for its next leg higher?

#OnChain #SOL #Crypto #Altcoins

[Brett Singer @Brett_Glassnode]

@alpha_authority @CryptoVizArt @krakenfx These metrics account for aggregate holdings across positions.

Kraken's highest risk level across the past two years is 40% which means they have very consistent business practices as shown by the little volatility.

On the other hand, Bybit hit a risk level of 95% in March.

[Brett Singer @Brett_Glassnode]

Exchange Risk Scores (%):

Gemini: 6%
Binance: 7%
Coinbase: 11%
Kraken: 22%
ByBit: 29%
Huobi: 49%
https://t.co/otHYZOVvfY: 55%

Historically, anything above 75% should be considered problematic.

DM for details.

#Crypto #ExchangeRisk #CEX #CexCrypto