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Macro factors now overshadow crypto-native drivers in shaping near-term price action. Our Q2 Charting Crypto report with @CoinbaseInsto outlines how liquidity is rotating, and where conviction is building (or not). Download report👉 glassno.de/4cZMN4K

Chart of The Week: BTC Cohort Sizes (IBIT Options OI) 📈glassno.de/4uqxvxa

Wrap Up Volatility has reset lower across the curve. Protection eased, but is now rebuilding near resistance. Flows are defensive, with upside being sold short term. Positioning leans toward a retest of 80K, with potential for a squeeze if it breaks.

80K Calls Build Into Resistance Net call premium at 80K is rising, meaning more buyers than sellers. After two rejections in late April, buyers return in a lower IV environment. Positioning points to another test of resistance. glassno.de/42FYCbt

Bitcoin remains rangebound following April’s rally and its rejection just below 80K. Here’s what Bitcoin options data reveals about positioning, volatility expectations, and market sentiment beneath the surface.

🔄 Update: With the spot price trading at $75.7K, the key on-chain price models are as follows: 🟡 Active Investors Mean: $85.0k 🔴 STH Cost Basis: $78.9K 🟢True Market Mean: $78.0K ---- Spot Price: $75.7K ---- 🔵 Realized Price: $54.1K 📊 glassno.de/3XDy2xe

Heading into today’s FOMC decision (2pm ET), BTC traders are adding leverage with a bearish tilt. - OI rising since yesterday’s $79k retest - Funding predominantly below neutral - Spot & Futures CVD diverging, with futures driving selling pressure 📊 glassno.de/3QChWnr

Trapped Below Market Mean bitcoin:native remains capped below the True Market Mean, with support at $65k–$70k. Spot selling is easing and flows stabilise, but demand is weak. Heavy short positioning leaves room for squeezes. Read the full Week On-Chain👇 glassno.de/42yQUzY

Bitcoin spot volumes across major exchanges have fallen to their lowest levels since October 2023. Such low volume environments often coincide with reduced market depth and heightened sensitivity to flow shifts 📊 glassno.de/4t2fxzK

Oil surged higher today, with WTI Crude briefly topping $100. Disruptions in the Strait of Hormuz persist due to stalled US-Iran talks, tightening supply and spooking markets across the board. View commodities and equities data on Glassnode 📊glassno.de/4mTIkW1

You don’t need to be a data wizard to understand what's happening onchain. Faro uses @Glassnode metrics to decode on-chain data and deliver clear market intelligence, helping you understand: 🔹 Is a squeeze setting up? 🔹 Are whales accumulating or unloading? 🔹 Is this move backed by real flow or just leverage? We track core signals like Accumulation Trend Score, MVRV Z-Score, and NUPL to frame market valuation and sentiment across cycles. Plus broader indicators such as SOPR, exchange flows, whale activity, hash rate, and HODL waves. The goal isn’t just to simplify this data, but to turn it into insights you can use to make informed trading decisions and execute with conviction.

Aave V3 lost $4.0B in available liquidity in 29 hours after the Kelp DAO rsETH bridge exploit. WETH utilization hit 100% in 1.4 hours, seven hours before the Protocol Guardian's freeze. The contracts held throughout. The bridge did not. Read the full report 👇 📰glassno.de/4ubtLzl

$BTC shows renewed activity with rising transfer volume, but lower fees and subdued liquidity point to reduced speculation. Profitability metrics improve, easing bearish sentiment. Read this week’s Market Pulse👇 glassno.de/48rLsCx

As Bitcoin has been grinding higher, the options market tells a story of subdued expectations. Speculation remains muted, with low demand for upside. This creates historically cheap leverage for those who expect higher prices ahead. 📊glassno.de/4ecn7nS