The crypto market has undergone a “cleaning process” and entered a new stage – Glassnode, 2026/01/29 10:16:55

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The crypto market has undergone a “cleaning process” and entered a new stage - Glassnode0

The is gradually recovering from the massive October collapse, becoming more stable and disciplined, Glassnode analysts said.

The “cleaning process” of the crypto market has reduced the level of pressure from speculators and forced investors to reconsider their attitude to risks – traders are not yet ready to actively increase positions and prefer a wait-and-see approach, experts say.

Bitcoin has retained its status as the main asset, its market share remains around 59%, while interest in cryptocurrencies with smaller capitalization has noticeably weakened. Such an imbalance indicates a shift in demand against the backdrop of general uncertainty towards more reliable and liquid instruments, analysts explained.

The activity of Bitcoin holders has increased slightly, which may indicate a redistribution of coins and more conscious management of portfolios, rather than an influx of speculative capital, Glassnode experts suggested. An additional sign of the recovery of the crypto market, they see investors moving away from aggressive high-risk strategies, reducing the likelihood of sharp fluctuations in the price of large coins.

According to analysts, this transformation makes the crypto market more stable. It has not yet returned to the phase of rapid growth and mass enthusiasm, however, it is the absence of hype that can become a factor in the formation of a healthier and long-term upward trend in the future, Glassnode experts hope.

Earlier, specialists from the auditing company PricewaterhouseCoopers (PwC) stated that the interest of large companies in cryptocurrencies had passed the “point of no return.” These crypto market players have moved from experimentation to widespread use of digital assets in business processes.