Glassnode Founders Predict ‘Explosive’ Bitcoin Move; The number of ‘wholecoiners’ hits 1 million

Glassnode Founders Predict ‘Explosive’ Bitcoin Move;  The number of ‘wholecoiners’ hits 1 million

“Greed is good” said Wall Street’s Gordon Gekko. “Be greedy when others are fearful,” noted Warren Buffett. And while obviously less well-known, Glassnode blockchain analytics gurus are currently expressing a similar sentiment.

Glassnode is one of the leading research firms studying blockchain activity, and when it and its co-founders show the level of conviction displayed in some of their recent tweets, it may be worth paying attention.

The firm’s Swiss founders, Yann Alleman and Jan Happel, run a popular Twitter account, where they share snippets of Glassnode’s latest data analysis, including interesting whale movements (owners of large assets), and potentially bearish and bullish signals.

In fact, the two founders’ account, @Negentropic_ quoted the old Buffett saying the other day….

We noted earlier today in our morning crypto roundup Mooners & Shakers that we’ve seen a proliferation of short-term bearish views across Crypto Twitter. And that’s still true, but the Glassnode data is encouraging for those who are still bullish.

In Alleman and Happel’s latest “Swiss Block” newsletter, with the price of BTC falling below US$27k in recent days, they ponder: “Could this be the step down needed for the trip up to $35k?”

However, they also note that $25,000 is still a possibility, but that they believe it is the “hard bottom” and their mid-term outlook of $35,000 is still in play.

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And that is due, they note, to the clear possibility of rate hikes at the Fed break in June, and the US dollar has been trending downward in recent months. “Explosive moves ahead”, they further predict in the tweet below.

Bitcoin ‘wholecoiners’ on the rise

After gleaning a bit more from Glassnode’s latest analysis, we also see another encouraging sign, which is the fact that “wholecoiner” addresses – that is, Bitcoin addresses that hold 1 BTC or more – are increasing.

This niche demographic has just reached the one million mark for the first time – more than double the number of such addresses seen around mid-2016.

It’s a pretty clear indication that high conviction BTC holders have indeed taken the opportunity to “buy when there’s blood in the streets”.

At the time of writing, Bitcoin (BTC) has surged back above the $27k mark again, changing hands at US$27,245, according to

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