Glassnode: ETFs, Macro Trends, and $114 Billion Futures Boom Drive Bitcoin Liquidity
2025-06-29 16:38:09
Main Idea
A report by Glassnode and Avenir Group highlights Bitcoin's strong market fundamentals, with $550 million in daily profits since March 2023, while altcoins like Solana and XRP show mixed performance.
Key Points
1. Bitcoin investors have locked in profits of about $550 million daily since March 2023, indicating strong market absorption.
2. Total open interest in Bitcoin surged from $11.1 billion in late 2022 to $114 billion during its historic rally.
3. The report identifies a 'liquidity trifecta' involving on-chain dynamics, market microstructure, and macro linkages.
4. Altcoins have underperformed, with their market share dropping to 31%, except for Solana and XRP.
5. Solana's growth was driven by meme coins, which saw a 9,150% increase in value, while XRP benefited from its ongoing legal case with the SEC.
Description
The transformation of Bitcoin (BTC) from speculative novelty to a cornerstone of global finance is gaining momentum, with more than $544 billion in fresh capital flooding the network since late 2022. A new report from Glassnode and Avenir Group has uncovered a “liquidity trifecta” of on-chain dynamics, market microstructure, and macro linkages underpinning the original cryptocurrency’s maturation as a standalone asset class. The $550 Million Daily Money Machine According to the analysis , Bitcoi...
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