According to @glassnode on Jan 12, 2026 via X, on-chain signals are mixed as fundamental activity continues to soften while capital flows and realized profit/loss conditions are stabilizing. This points to a tentative recovery beneath the surface but with conviction still limited. Source: @glassnode, X, Jan 12, 2026.

According to glassnode, on-chain indicators are mixed: fundamental activity softened as network usage cooled, while capital flows strengthened on elevated transfer activity. Source: glassnode, X, Dec 15, 2025. Profit and loss metrics improved modestly but remain low, signaling stabilization rather than a broad recovery. Source: glassnode, X, Dec 15, 2025.