glassnode

Digital asset data, analytics, and research.

[glassnode @glassnode]

Hyperliquid whales are adding to their bitcoin:native shorts.

Their net positioning turned short 2 weeks ago after 7 months of being long. Short exposure is now the largest since October 2025.

The last time they were this short, price moved down considerably.

[glassnode @glassnode]

bitcoin:native has rarely tracked equities this closely.

Over the last 30 US sessions, the correlation with the S&P 500 reached 0.80. Since 2020 it has spent most of its time far below that.

Despite the talk of bitcoin's relative strength, macro sets the direction for now.

[glassnode @glassnode]

Leverage grew through the bitcoin:native selloff.

Open interest climbed by about $1B during the US session drop, and by almost $500M more into today's US session.

Funding cooled slightly but is now ramping up again. Longs look to be stepping back in.

[glassnode @glassnode]

Short-term holders are back underwater.

Yesterday's drop pushed about 60% of the bitcoin:native held by recent buyers below its cost basis. A day earlier, they were back in profit.

For now, that lowers the risk of recent buyers cashing out into strength.

[glassnode @glassnode]

bitcoin:native traders are still here after the retrace.

Before the spike in August, volume had sunk to its lowest since 2023.

Despite BTC pulling back over the last weeks, volume has stayed above this August level.

This indicates sustained interest in crypto after months of apathy.

[glassnode @glassnode]

Bitcoin is retesting its August breakout levels.

Holding above these levels keeps the August uptrend in place.

Our latest Week on Chain report contains ten more analyses, including liquidation maps, options into year-end, midterms data and much more. https://t.co/nHZyFBV1Oq

[glassnode @glassnode]

$BTC trades near $78k on Monday after a Thursday slide below $80k. Perpetual sellers drove the drop, yet longs keep paying up in funding and options traders are buying protection, while spot buyers held steady.

Read our latest BTC Market Pulse 👇
https://t.co/ry95i4jRL8

[glassnode @glassnode]

bitcoin:native sellers have been taking losses below $80k.

Last week brought the longest run of daily net realized losses since mid-August.

The August and September loss clusters both formed at the local lows. A hold above $75k would fit that pattern.

[glassnode @glassnode]

Join our livestream with @Bybit_Learn.

Will the US Midterms rock markets? Tune in now, we are live! 👇

https://t.co/mVnTeV3rd0

Youtube: https://t.co/uNk8224dqj

[glassnode @glassnode]

ETF investors are pulling out of ethereum:native.

US spot ETH ETFs have now seen 23 straight sessions of outflows, the longest streak since the funds launched.

This signals weak demand from traditional investors who bought heavily in August and September.

[glassnode @glassnode]

Yesterday’s Binance hack is the largest in crypto history.

Over $6 billion was affected, more than the next 9 largest hacks combined.

The previous largest, Bybit in February 2025, was $1.5 billion.

3 out of the 10 largest have now happened since 2025, all at exchanges.

[glassnode @glassnode]

bitcoin:native is retesting the True Market Mean.

It could pull back all the way to the short-term holder cost basis at $75.8k and still be a good setup for continuation.

Retests like this are normal in an uptrend. The last one, in mid-September, came days before the high of the move.

[glassnode @glassnode]

Strategy Watch is our monthly read on fund performance, capital flows, and allocator positioning across digital assets, produced with @CIG_Crypto

Edition #9 is live now👇
https://t.co/kUkp8Ds44S

[AntiFragile @anti_fragile]

Today’s hack caused Binance's largest hourly outflow ever.

$5.3 billion left its wallets in one hour, about four times more than we saw in 2021.

Binance manages about $160 billion on-chain, so the outflow was about 3% of its holdings.

[glassnode @glassnode]

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.

[glassnode @glassnode]

It looks like Binance was just hacked for around $5.3 billion worth of assets.

The largest pieces:
$1.66 billion in USDT
17,985 $BTC, about $1.45 billion
$767m in USDC

ETH and dozens of smaller tokens follow.

The total is still a small part of what Binance holds on-chain.

[glassnode @glassnode]

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.

[glassnode @glassnode]

Altcoin profits came and went within a month.

In late September, recent buyers were selling most tokens at a profit, the biggest spike since December 2024.

A month later, most of them are back to selling at a loss, while bitcoin:native barely moved.

[glassnode @glassnode]

Consumer confidence is sitting near all-time lows.

The Michigan survey found the cost of living weighs on Americans most.

Fuel and tariffs drove costs up, and inflation expectations are climbing again.

Even stocks near all-time highs have not lifted the mood, apparently.

[glassnode @glassnode]

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. bitcoin:native

Chart: https://t.co/odcNsy7Kgo