Over 50% of Staked Ethereum Held by 4 “Centralized” Entities: Glassnode

Glassnode – a blockchain data provider – and CoinMarketCap have released their July 2022 report covering on-chain data during the bear market. On the topic of staked ETH, the report noted that a majority of the supply has concentrated in the hands of four staking providers.  Highly Concentrated Staking Per the report’s data, the amount of ETH staked on Ethereum’s beacon chain through Lido alone has already swelled to 4.137 million. That’s 31.8% of all staked ETH in existence.  Another…

Glassnode – An On-Chain Crypto Market Intelligence Dashboard

The “On-Chain Analysis” field is growing in popularity in the financial world. Glassnode is one of the most popular companies offering on-chain analysis services. What is Glassnode? How does it help customers understand the crypto market? We will answer all these questions in today’s review. What Is Glassnode? A Look Into the Project’s Features Observing on-chain indications, i.e., knowledge acquired from the blockchains themselves is what Glassnode does to produce intelligent data. The project began in 2018 in Germany and…

Metrics Show a Growing Interest in Hodling Cryptocurrencies

Data and intelligence provider, Glassnode released metric insights displaying the hodling momentum on cryptocurrencies, Bitcoin particularly. According to the findings, Glassnode found out that coins exceeding an age of more than 155 days are considered Long Term Holder assets(LTH).  Whenever the digital coins grow or are used in various age bands, the size of color bands expands. Remember that the 155 day period dates back to November 2020.  Therefore, there was a constant growth through November 2020 in the number of…

Ethereum (ETH) Price Shows Signs of Recovery after Major Bearish Fall

Ethereum (ETH) price has shown signs of rebounding in the past few hours after a testing 24 hours. According to several analysts, the leading altcoin fell by more than 30% yesterday, but critical indicators remain positive. Ethereum (ETH) Price drops sharply The cryptocurrency market suffered a major correction yesterday, wiping close to $200 billion from the total market cap. The leading coin, Bitcoin, lost nearly $10,000 from its price, which caused a ripple effect in the market. Ethereum (ETH) was…

Bitcoin Liquidity Is Reducing as Institutions Acquire more BTC

Bitcoin liquidity has reduced in recent weeks following the bullish rise of the leading currency. This phenomenon can be linked to the growing number of institutions that have purchased BTC in recent months. Bitcoin (BTC) Is Experiencing a Liquidity Crisis According to a recent report from analytical firm Glassnode, Bitcoin liquidity has plunged in recent months. That is to say, the availability of buying and selling assets has reduced according to on-chain data. As shown in the graph above, the…

80 Percent of Ethereum’s Supply is Profitable, What Will Happen to ETH?

Technically, the performance of Ethereum has recently been relatively dull, with bulls striving to gather any remarkable uptrend as the cryptocurrency asset closely tracks the performance of Bitcoin. A data metric reveals investors’ heavy accumulation when ETH incurred a recent downturn. Hence, they have gained profit which has attained a historical area of barrier, as 80 percent of ETH’s supply is now in a state of profitability. Analytics platform Glassnode noted that 80 percent of the aggregated ETH supply is currently profitable.…

BTC Faces A Spike in On-Chain Activity

Last week, Bitcoin recorded outstanding growth trading with more balance and less price volatility. This remarkable surge has seen BTC trading at the $7k zone.  Bitcoin whales have significantly contributed to the coin's sudden growth because they have accumulated many coins since the market crash in March. Bitcoin seems to have an outstanding strength that could see it through to stability in the market. A recent weekly report by Glassnode shows that BTC recorded a significant growth as observed in…