A very interesting effect to develop on your texts, the aim is to obtain a "satin" glass effect.
Here's a short breakdown explaining how Philip von Borries achieve this :
To sum up his method:
- Animate circles
- Add your text, a bevel effect and an internal glow
- Duplicate your text and add "Displacer Pro" (link)
- Add an "fast box blur" and turn your layer into an "adjustment layer"
- Add "CC Glass" effect
- Set the first text layer to "color density -" blend mode.
- Hide your animated circles with a matte
- Add grain and glow with "Deep Glow"