TGViewer
Glassnode Glassnode @glassnode · 44.1K subscribers
Post #692 15.1K
#Bitcoin bulls were caught off guard last week with the largest sell-off in 2023 sending $BTC below $25k. A deleveraging in futures markets is the likely catalyst, however a bigger concern may be the 88.3% of Short-Term Holder supply now held in an unrealized loss.

In this edition, we analyse the #Bitcoin sell-off across four key areas of interest:

- Key pricing models lost as support
- Options markets repricing volatility
- Futures market deleveraging
- Spot markets being top-heavy

To close, we introduce a new on-chain #Bitcoin indicator designed to monitor inflection points in investor sentiment, positioning and trends. This tool is experimental, however is very responsive when the market is top-heavy and price sensitive.

Read more in the latest edition of The Week On-chain
Open in Telegram All posts from @glassnode
More from @glassnode
  1. Oct 8, 2026Most #BTC with a visible public key is exposed through address reuse, and that part has be…
  2. Oct 8, 2026Existing holders have been carrying this $BTC rally. The realized cap keeps climbing while…
  3. Oct 8, 2026Bitcoin is moving into support. After a rejection from the sell wall at $86.5K, $BTC has s…
  4. Oct 7, 2026The US bid that led $BTC has flipped. From July to the September breakout, US trading hour…
  5. Oct 7, 2026Bitcoin got through the $85K wall, but the rally is running light. Our new Week On-chain m…
  6. Oct 5, 2026Large entities are back in profit. Small wallets stayed in profit the whole time: at the J…
Threads Profile ViewerView any public Threads profile without an account.Open ThreadLook →Writing with AI? Make it sound human.Metric37 rewrites AI drafts so they read naturally. Free AI detector, 1,500 words free.Try Metric37 →