What is glassnode and how does it work?

Glassnode is a blockchain analytics firm which provides on-chain market intelligence and exchange data for institutional and retail crypto investors via their Glassnode Studio web app and API, as well as market analyses and commentary through Glassnode Insights.

What is the glassnode Academy?

The Glassnode academy is an education platform for both early adopters and newbies to get acquainted with the goings-on in the crypto world. It offers a qualitative explanation of various on-chain metrics as well as their different functions and use cases. The section starts with a glossary of on-chain terms.

Is bitcoin still profitable?

Glassnode, an on-chain analytics platform, has issued metrics for the past week that show the severity of the market correction so far. However, the data also shows a significant percentage of Bitcoin holders who are still in the profit zone. According to the metrics, the number of unique entities that are still profitable now stands at 76%.

Who is most likely to sell glassnode?

Glassnode groups current holders most likely to sell into three groups. The first group is coin holders sitting on losses after buying when the market was at its peak. The second category is coin holders in profit who believe the market is still performing well and miners who may sell their holdings to recover costs caused by Chinese regulations.