Following the Coldcard firmware exploit, the number of active Bitcoin addresses surged to 0.98M/day, the highest since December 2024.
This is fear-driven on-chain activity. Holders migrating seeds and moving funds to alternative custody reflects an operational security response,
- Bitcoin's options skew looks bearish – but not because traders are aggressively paying for protection. While downside IV is cheap, the real extreme is upside IV: an all-time low of 23%. Nobody is paying for $BTC upside anymore.Global markets broke to records while Bitcoin stood still. This edition traces that stillness: a theft the market slept through, bottom signals arriving through boredom and an options market priced for nothing while sentiment reacts to everything.
ArticlePriced For Nothing, Reacting To EverythingGlobal markets broke to records while Bitcoin stood still. This edition traces that stillness: a theft the market slept through, bottom signals arriving through boredom rather than capitulation, and... - OKX moved its trading infrastructure from Hong Kong to Tokyo this week. Our latency probes caught the switch live: Hong Kong: ~5ms → ~63ms Tokyo: ~52ms → ~4ms A clean swap. If you’re co-located in Hong Kong for @okx, it’s time to move to Tokyo. 👉 latency.glassnode.com/cex
- Global markets broke to records while Bitcoin stood still. This edition traces that stillness: a theft the market slept through, bottom signals arriving through boredom and an options market priced for nothing while sentiment reacts to everything.
ArticlePriced For Nothing, Reacting To EverythingGlobal markets broke to records while Bitcoin stood still. This edition traces that stillness: a theft the market slept through, bottom signals arriving through boredom rather than capitulation, and... - Your AI agent can now buy Glassnode data. x402 pays per call: from your @coinbase balance via Coinbase for Agents (live today), or any USDC wallet via Base MCP. Try: "Pull Glassnode's MVRV and NUPL for BTC and tell me if the market is overheated" glassno.de/451fVoR

