According to @glassnode, Chainlink's cost basis distribution reveals two significant price clusters at $14.6 with approximately 65 million LINK and $16.0 with about 20 million LINK. These levels are critical for traders as they trace back to long-term investors who have been active since August-October 2024. The engagement of these investors into 2025 suggests these clusters could act as potential support or resistance levels, depending on market conditions.

According to glassnode, the $LINK cluster at $16 indicates active repositioning by investors who added during significant price drops in December, February, and March. This pattern suggests these are strategic, high-conviction holders who are unlikely to sell at current price levels.

According to glassnode, the $14.6 cluster illustrates that LINK holders are engaging in well-timed, less frequent purchases, suggesting a long-term investment approach. Purchases were made at $17 and $28 in December, $25 in January, and a significant acquisition following a bounce from $12 on March 15. These actions indicate that current LINK holders are patient, long-term allocators rather than short-term traders.

According to glassnode, the Bitcoin Cost Basis Distribution reveals that efficient traders purchased nearly 15,000 BTC at a $78K low on March 10 and subsequently sold at the $87K local top. This suggests that with minimal BTC remaining at the $78K level, support there has become thin, potentially impacting future price stability.

According to @glassnode, Bitcoin's current support levels are at $84.1K with approximately 40K BTC, $82.09K with about 50K BTC, and $80.92K with around 20K BTC. These levels serve as a near-term cushion for Bitcoin. Additionally, a significant resistance is developing around $95K, attributed to a growth of 12K BTC in investor cost basis clusters since March 24.

According to Glassnode, if the Bitcoin correction deepens, the 6-month Cost Basis data indicates potential structural support levels below the current spot price. These levels are approximately $49K and $41K for Bitcoin, reflecting significant conviction-driven accumulation zones which could help absorb further downside pressure.

According to glassnode, all loss realization in the Bitcoin market is currently attributed to Short-Term Holders who have held for less than 155 days, indicating recent buyers are facing volatile conditions. Conversely, Long-Term Holders who have held for over 155 days remain in profit and are the primary source of profit-taking.

According to @glassnode, Bitcoin's market is experiencing a neutral phase as Long-Term Holder profit-taking is being offset by Short-Term Holder losses. This indicates stagnating capital inflows and weaker demand, with a noticeable resistance from profit-taking still present.

According to @glassnode, the latest Week On-Chain report provides an analysis of Bitcoin ($BTC) demand trends, evaluating whether the market is becoming top-heavy and detailing Long-Term Holder behavior. The report suggests that understanding these dynamics is crucial for assessing the current phase of the Bitcoin market cycle. The analysis is aimed at traders seeking insights into market sustainability and potential price movements based on holder activity and demand trends.

According to Glassnode, they have been shortlisted in three categories for the 2025 Hedgeweek Global Digital Assets Awards. This recognition underscores their impact in providing valuable data and insights for crypto traders, enhancing market strategies and decision-making. Traders utilizing Glassnode's analytics can gain a competitive edge in the cryptocurrency markets, as their tools are acknowledged for excellence in the industry.

According to glassnode, challenging market conditions persist for digital assets, with Bitcoin Short-Term Holders facing increased financial pressure. This pressure is accompanied by a shift towards Long-Term Holder accumulation, indicating a wealth transfer back towards price stability.

According to @glassnode, 15% of the Dogecoin ($DOGE) supply was last moved 6–12 months ago, indicating these holders purchased before the November/December rally and continue to hold. This holding pattern suggests strong conviction among these investors, which could be a bullish indicator for DOGE's future price stability and potential growth.

According to glassnode, US Spot Ethereum ETFs have experienced a net outflow of 76.3K ETH last week, marking the third-largest weekly outflow since their launch. This trend could indicate diminishing investor confidence or profit-taking actions, impacting Ethereum's market dynamics. Investors are advised to monitor these ETF metrics through the Glassnode Studio dashboard for potential trading opportunities.

According to @glassnode, BlackRock led Bitcoin ETF inflows, acquiring 4,069 BTC, which accounts for approximately 75% of the total inflows. This was followed by ARK with 938 BTC, Fidelity with 786 BTC, and Grayscale Mini with 282 BTC. Most other issuers experienced flat or negative flows, indicating a strong preference for BlackRock's ETF among investors.

According to Glassnode, US Spot Bitcoin ETFs have experienced a return to inflows after four consecutive weeks of outflows, with a net inflow of 5.3K BTC. This change in trend could indicate a renewed investor interest in Bitcoin, potentially impacting trading strategies.

According to Glassnode, their platform provides essential on-chain metrics and insights that are crucial for monitoring cryptocurrency market dynamics, helping traders identify potential trading opportunities. TradingView complements this by offering advanced charting tools and real-time market data, enabling traders to perform technical analysis and develop informed trading strategies. These resources are vital for traders looking to maximize their market positions and manage risk effectively.

According to @glassnode, the increasing cost of downside protection in Bitcoin options indicates a cautious market sentiment. This trend is attributed to institutions refining their risk management strategies, as the options market offers significant insights into expected volatility and potential price directions. The rising premiums for put options suggest traders are preparing for possible declines, reflecting an anticipatory stance towards market fluctuations. Such movements in the options market are critical for traders aiming to adjust their positions based on volatility forecasts.

According to glassnode, Bitcoin options markets are reflecting a growing demand for downside protection. The Volatility Smile indicates that puts are trading at a higher premium than calls, which suggests a risk-averse positioning among investors as they hedge against further downside.

According to glassnode, the Options 25 Delta Skew indicates that short-term puts for Bitcoin (1W, 1M) are becoming increasingly more expensive compared to equivalent calls. This reflects a sustained demand for hedging, suggesting elevated uncertainty in Bitcoin's price action, which is a critical factor for traders to consider.

According to glassnode, the unwinding of the cash-and-carry trade is occurring as the long-side bias weakens, signaled by ETF outflows and CME futures closures. This shift in positioning is adding selling pressure to spot markets. ETFs, which possess lower liquidity compared to futures, may exacerbate short-term volatility.