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Glassnode | United States America (US)
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This cycle, Bitcoin and Ethereum no longer grow in tandem.

To capture the distinctive market structures and investor trends shaping each asset, we partnered with CME Group to produce two separate institutional-grade reports for H1 2025.

📘 Bitcoin H1 2025 Report: https://glassno.de/43D6oTM
📘 Ethereum H1 2025 Report: https://glassno.de/43Dhng3

Each report provides a comprehensive view of both the on-chain and off-chain dynamics of the market:

• Capital inflows, MVRV ratios, and realized caps
• Derivatives market structure including open interest, funding rates, and positioning
• ETF flows, on-chain cost bases, and asset accumulation trends
• Ethereum-specific fundamentals such as validator activity and staking behavior

Published by CME Group and Glassnode, this dual report set is designed for institutional investors, analysts, and allocators.

This cycle, Bitcoin and Ethereum no longer grow in tandem.

To capture the distinctive market structures and investor trends shaping each asset, we partnered with CME Group to produce two separate institutional-grade reports for H1 2025.

📘 Bitcoin H1 2025 Report: https://glassno.de/43D6oTM
📘 Ethereum H1 2025 Report: https://glassno.de/43Dhng3

Each report provides a comprehensive view of both the on-chain and off-chain dynamics of the market:

• Capital inflows, MVRV ratios, and realized caps
• Derivatives market structure including open interest, funding rates, and positioning
• ETF flows, on-chain cost bases, and asset accumulation trends
• Ethereum-specific fundamentals such as validator activity and staking behavior

Published by CME Group and Glassnode, this dual report set is designed for institutional investors, analysts, and allocators.


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Glassnode








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