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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #822 13.7K
The Week On-Chain 08, 2024
With the new Bitcoin ETFs now live for over a month, Bitcoin has continued to impress investors, rallying to over $52k, and holding that level. Meanwhile, many in futures markets continue to bet against the trend, seeing an uptick in short liquidations.

Executive Summary
- Global market assessment using NUPL and MVRV indicators.
- Analysis of futures market open interest, and leverage ratio.
- Observations of short-side interest betting against the trend.
- Overview of exchange flows, comparing dominance of the majors.

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