Luke Deans

Senior Research Associate

Luke Deans

Luke Deans is an on-chain analyst and digital asset researcher based in London, currently part of Bitwise’s European Research Team. Prior to joining Bitwise, he authored over 150 editions of Glassnode’s widely followed Week On-Chain and Market Pulse research series, and contributed to institutional reports with partners including Coinbase, CME Group, Gemini, ByBit, and Fasanara. His work has also been referenced in the 2025 White House Digital Asset Report.


Featured insights

From Macro Stress to Monetary Pivot: Bitcoin’s Volatile Path Higher
en
The Shallowest Bear Ever: Why Sticky Institutional Hands Are Rewriting Bitcoin's Cycle
en
Le marché baissier le moins profond historiquement : pourquoi la persistance des investisseurs institutionnels est en train de redéfinir le cycle du bitcoin
fr
Altseason in Play? 90% of Altcoins Outpace Bitcoin as TradFi Moves On-Chain
en
L’« altseason » est-elle lancée ? 90 % des altcoins surperforment bitcoin alors que la finance traditionnelle passe à la blockchain
fr
Breaking Point at 5%: The Tightening Bitcoin Priced In Is Hitting Equities Now
en
Point de rupture à 5 % : le resserrement monétaire anticipé par bitcoin touche désormais les actions
fr
Déjà Vu 2015? Bitcoin-Stock Correlation Falls to Decade Low
en
Déjà vu 2015 ? La corrélation entre bitcoin et les actions est au plus faible
fr
From Catalyst to Confirmation: Bitcoin's Transition into a New Bull Market
en
Supply Shock in Slow Motion: Bitcoin ETPs Absorb a Multiple of New Issuance
en
Bitcoin-ETPs absorbieren ein Vielfaches der Neuemissionen
de
Les ETP Bitcoin absorbent plusieurs fois le volume des nouvelles émissions
fr
Is the Policy Put Back? Bitcoin Retakes Key Pricing Levels
en
Ist der „Policy Put“ zurück? Bitcoin erobert wichtige Kursniveaus zurück
de
Le « Policy Put » est-il de retour ? Bitcoin récupère des niveaux techniques clés
fr
The Quiet Before the Bull
en
Le calme avant une hausse ?
fr
Digital Asset Markets Remain Illiquid as Volatility Continues to Coil
en
L’illiquidité dans les marchés des actifs numériques et la compression de la volatilité
fr
Cracks in the System: Why Treasury Market Stress Could Be Bitcoin's Next Catalyst
en
Risse im System: Warum Spannungen am Markt für US-Staatsanleihen der nächste Katalysator für Bitcoin sein könnten
de
Des failles dans le système : les tensions sur certains marchés pourraient faire redémarrer bitcoin
fr
From Credit Stress to Liquidity Relief: Is Bitcoin Ready to Break Out?
en
First In, First Out: Why Bitcoin May Bottom Before the Rest
en
Bitcoin pourrait atteindre son creux avant les autres actifs
fr
"Passing the Torch" - From Semis to Stablecoins: Is Tokenization the Next Mega Trend?
en
Von Halbleitern zu Stablecoins: Ist die Tokenisierung der nächste Megatrend?
de
Des semi-conducteurs aux stablecoins : la tokenisation est-elle la prochaine grande tendance ?
fr
Digital Assets Extend Gains Whilst the Memory Complex Enters a Bear Market
en
Digitale Vermögenswerte bauen Gewinne aus, während der Speicherchip-Sektor in einen Bärenmarkt eintritt
de
Les actifs numériques continuent leur progression, tandis que les actions technologiques liées à la mémoire entrent en phase baissière
fr
Digital Assets Rally Whilst Pressure Builds Across the Semiconductor Complex
en
Les actifs numériques rebondissent alors que la pression s'intensifie sur le secteur des semi-conducteurs
fr
From Perfect Storm to Policy Pivot: What Comes Next for Bitcoin
en
On Borrowed Time? Bitcoin and the Fault Lines in the AI Trade
en
Auf geborgte Zeit? Bitcoin und die Bruchlinien im KI-Handel
de
Les jours du marché sont-ils comptés ? Bitcoin et les faiblesses du trade sur l'IA
fr
Hawkish Shockwaves: How Warsh's Fed Rattled Bitcoin's Credit Engine
en
Ondes de choc « hawkish » : comment la Fed de Warsh a ébranlé le moteur de crédit du bitcoin
fr
Out of Oxygen, Into Asymmetry: Bitcoin Screens Cheap as the Safe-Haven Bid for Gold Unwinds
en
À court d'oxygène, vers l'asymétrie : Bitcoin apparaît bon marché alors que la demande pour les valeurs refuges s'essouffle
fr
The Canary in the Macro Coal Mine: Bitcoin and the Latest Risk-Off in Stocks
en
Le canari dans la mine macroéconomique : Bitcoin et la récente vague d'aversion au risque sur les marchés boursiers
fr
Bitcoin at $61k: Capitulation or Contrarian Opportunity?
en
From Sovereign Stress to Monetary Support: Bitcoin’s Breakout Setup
en
Higher-for-Longer Tests Bitcoin: Building the Base
en
Des taux d’intérêt élevés mettent bitcoin à l'épreuve
fr
A Tale of Two Valuations: Bitcoin and the NASDAQ 100 at Historic Extremes
en
Deux valorisations aux extrêmes historiques : Bitcoin et le NASDAQ 100
fr
Crypto ETP Outflows Surge as Bitcoin Hodling Peaks
en
Les sorties des ETP cryptos saccélèrent alors que la détention de bitcoin est au plus haut
fr
Bitcoin Tests the $80k–$85k Bull-Bear Threshold as Sentiment Overheats and US CLARITY Act Fuels Regulatory Optimism
en
Bitcoin teste le seuil de 80’000 à 85’000 USD, le sentiment s'emballe et l’adoption potentielle du Clarity Act alimente l'optimisme réglementaire
fr
Bitcoin Reclaims $80K as Bullish Sentiment Builds and Short Positioning Fuels Recovery
en
Bitcoin franchi les 80’000 USD, alimenté par la couverture des positions « short » et un sentiment positif croissant
fr
Is Bitcoin in the Final Bear Phase? Macro Stress Meets Early Accumulation
en
Crypto Outperformance Accelerates as Institutional Demand Surges and Sentiment Improves
en
La surperformance des cryptomonnaies s'accélère alors que la demande institutionnelle explose et le sentiment s'améliore
fr
Crypto Surges on Institutional Demand as Sentiment Turns Bullish Amid Geopolitical Volatility
en
Le criptovalute salgono grazie alla domanda istituzionale, il sentiment diventa rialzista in un contesto di volatilità geopolitica
it
Les marchés crypto s'envolent grâce à la demande institutionnelle et le sentiment devient haussier dans un contexte géopolitique volatile
fr
Crypto Markets Rebound as Sentiment Stabilizes and Bitcoin’s Quantum Risk Discount* Narrows
en
Les marchés des cryptomonnaies rebondissent pendant que le sentiment se stabilise et que la décote de risque quantique* bitcoin se réduit
fr
From Gold to Bitcoin: Markets Signal Risk-On Despite Ongoing Geopolitical Tensions
en
Dall'oro al Bitcoin: i mercati segnalano propensione al rischio nonostante le tensioni geopolitiche in corso
it
De l'or vers bitcoin : les marchés signalent un appétit pour le risque malgré les tensions géopolitiques
fr
From Recovery to Crossroads: Inflation, Tightening, and What Comes Next for Bitcoin
en
Risk Markets Under Pressure: Equity Markets Wobble as Financial Conditions Continue to Tighten
en
Mercati del rischio sotto pressione: i mercati azionari vacillano mentre le condizioni finanziarie continuano a inasprirsi
it
Crypto Markets Under Pressure: Bearish Sentiment Returns as Rate Hike Expectations Surge
en
Mercati delle criptovalute sotto pressione: ritorna il sentiment ribassista, aumentano le aspettative di un rialzo dei tassi
it
Les marchés des cryptomonnaies sous pression : le sentiment baissier refait surface alors que les anticipations de hausse des taux s'intensifient
fr
Ethereum Factor Model. What drives Ethereum’s Price?
en
Early Rotation Signals: Bitcoin Starts to Outperform Gold and Equities
en
Segnali di rotazione anticipati: il Bitcoin inizia a sovraperformare l'oro e le azioni
it
Une rotation en perspective : Bitcoin surperforme l'or et les actions
fr
Bitcoin Liquidity Series Pt1: The Bear Market Liquidity Singularity
en
A Coming of Age: The Institutional Cycle
en
Bitcoin Outperforms Gold as Energy Crisis Shakes Global Markets
en
Bitcoin übertrifft Gold, während die Energiekrise die globalen Märkte erschüttert
de
Il Bitcoin sovraperforma l'oro sullo sfondo di una crisi energetica che scuote i mercati globali
it
Bitcoin surpasse l'or alors que la crise énergétique secoue les marchés mondiaux
fr
The Base Dilemma: L2 Loyalty or L1 Ambition?
en
From Peak Liquidity to Recovery Setup: Is Bitcoin’s Bottom In?
en
Bitcoin Under Pressure as Geopolitical Risks Rise - Why History Points to a Bullish Setup
en
Les risques géopolitiques augmentent, Bitcoin sous pression - Pourquoi l'histoire laisse présager une tendance haussière
fr
Bitcoin Market Analysis: Rising Uncertainty Keeps Crypto on Edge
en
Bitcoin-Marktanalyse: Steigende Unsicherheit hält Kryptowährungen in Atem
de
Analyse du marché Bitcoin: l'incertitude croissante maintient les cryptomonnaies sur le qui-vive
fr
Crypto Stabilisation Signals Shift in Sentiment - Early Bottom Formation or Pause Before Further Volatility?
en
Stabilisierung der Kryptowährungen signalisiert Stimmungswandel – Frühe Bodenbildung oder Pause vor weiterer Volatilität?
de
La stabilizzazione delle criptovalute segnala un cambiamento nel sentiment - formazione precoce dei minimi o pausa prima di ulteriori volatilità?
it
La stabilisation des cryptomonnaies signale un changement de sentiment - formation précoce d’un creux ou pause avant une nouvelle phase de volatilité ?
fr
Crypto Crash Update: Extreme Bearish Sentiment - Is the Market Bottom Near?
en
Krypto-Crash-Update: Extrem pessimistisches Sentiment – Ist die Marktbodentiefpunkt nahe?
de
Crash Crypto : Sentiment extrêmement pessimiste - Le marché est-il proche d’un creux ?
fr
Feuerverkauf von Bitcoin-Bewertungen, da die Nervosität der Fed auf Reflationssignale trifft
de
From Gold’s Breakout to Bitcoin’s Catch-Up: The Reinflation Playbook
en
Fire-Sale Bitcoin Valuations as Hawkish Fed Jitters Meet Reflation Signals
en
Vague des ventes sur bitcoin alors que la nervosité monte concernant le ton de la Fed et les signaux de réflation
fr
Gold Surges, Bitcoin Lags: Uncorrelated Assets at a BTC/Gold Extreme Not Seen Since 2015
en
Gold steigt, Bitcoin hinkt hinterher: Unkorrelierte Vermögenswerte bei einem seit 2015 nicht mehr gesehenen BTC/Gold-Extrem
de
L'or grimpe, bitcoin à la traine : le ratio BTC/Or a atteint un niveau pas vu depuis 2015
fr
Crypto Flows Surge as Fed Shifts - Geopolitical Risks Loom
en
Krypto-Zuflüsse steigen aufgrund von Fed-Kurswechsel – geopolitische Risiken drohen
de
Flussi su ETP crypto in aumento, la Fed cambia marcia - rischi geopolitici incombono
it
Le changement de position de la Fed profite aux flux crypto – des risques géopolitiques se profilent
fr
Bitcoin Under Pressure, Macro Tailwinds Building for 2026
en
Bitcoin unter Druck, makroökonomische Rückenwind für 2026
de
Bitcoin sotto pressione, i venti macro si stanno rafforzando per il 2026
it
Bitcoin sous pression, vents macro favorables additionnels pour 2026
fr
Bitcoin 2026: From Mispricing to Macro Recovery
en
Bitcoin 2026: Von Fehlbewertungen zur makroökonomischen Erholung
de
Geopolitical Shock, Institutional Tailwinds: Why Bitcoin Is Mispriced for 2026
en
Geopolitischer Schock, institutioneller Rückenwind: Warum Bitcoin für 2026 falsch bewertet ist
de
Shock geopolitico, venti favorevoli istituzionali: perché Bitcoin è mal valutato per il 2026
it
Situation géopolitique, tendances institutionnelles favorables : pourquoi bitcoin est sous-évalué en 2026
fr
Is the Fed’s Latest Policy Shift a Catalyst for Bitcoin’s Next Rally?
en
Crypto Stabilizes: Undervaluation and Fed Shift Hint at a Rebound
en
Kryptowährungen stabilisieren sich: Unterbewertung und Kurswechsel der Fed deuten auf eine Erholung hin
de
Le marché crypto se stabilise : la sous-évaluation du bitcoin et le changement de position de la Fed indiquerait un rebond
fr
Ethereum’s Fusaka Upgrade: What Investors Need to Know
en
Bitcoin’s 2026 Mispricing: The Coiled Spring in a Fiat-Flooded World
en
Die Fehlbewertung von Bitcoin im Jahr 2026: Die „gespannte Feder“ in einer von Fiat-Währungen überschwemmten Welt
de
Crypto Markets Show Fresh Resilience as Bitcoin Rebounds and Sentiment Improves
en
Kryptomärkte zeigen neue Widerstandsfähigkeit, da Bitcoin sich erholt und die Stimmung sich verbessert
de
Les marchés crypto font preuve d’une nouvelle résilience alors que bitcoin rebondit et le sentiment s'améliore
fr
Il mercato crypto mostra resilienza, Bitcoin si riprende, il sentiment migliora
it
From Speculation to Security: One Approach to Measuring ETH’s True Value
en
Bitcoin Nears Key Support as Sentiment Resets: Have we seen the final bottom?
en
Bitcoin nähert sich wichtiger Unterstützung, da sich die Stimmung wieder normalisiert: Haben wir die endgültige Talsohle erreicht?
de
Bitcoin approche un support clé alors que le sentiment se rétablit : Avons-nous vu un creux ?
fr
Bitcoin Slumps, Sentiment Crashes - Is a Major Rebound Next?
en
Bitcoin bricht ein, Stimmung stürzt ab – steht eine starke Erholung bevor?
de
Bitcoin chute, le sentiment s'effondre - Un rebond majeur est-il sur le point d’arriver ?
fr
Bitcoin sugli scudi, sentiment a picco – Rimbalzo in arrivo?
it
Bitcoin Nearing Bottom? Bullish Signals Emerge in Crypto Markets
en
Bitcoin nähert sich der Talsohle? Bullische Signale tauchen auf den Kryptomärkten auf
de
Bitcoin proche d’un creux ? Des signaux haussiers émergent sur les marchés des crypto-monnaies.
fr
Markets Cool, Solana Heats Up with Record Inflows
en
Märkte kühlen ab, Solana heizt mit Rekordzuflüssen ein
de
Les marchés se calment, Solana se renforce avec des flux de capitaux records
fr
Bitcoin and the Rise of the Debasement Trade: Positioning for the Next Macro Shift
en
Les marchés se calment, Solana se renforce avec des flux de capitaux records
de
A Volatility Overhang
en
The Great Deleveraging
en
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