Glassnode says BTC Sellers capitulate again, potentially nearing a local bottom
Glassnode says that BTC seller capitulation reappeared during yesterday’s decline, with similar historical loss-selling occurring at local bottoms.
Loading…
Connect scattered updates into a story you can understand.
Glassnode says that BTC seller capitulation reappeared during yesterday’s decline, with similar historical loss-selling occurring at local bottoms.
PANews reported that trader Killa said BTC short-term holder supply has recently reached "overheated" levels and compared the current structure with the phase after 2023 emerged from its macro bottom. He believes this may be one signal that the market is forming a bottom.
PANews reported that Variant Fund investment partner Alana Levin believes the bottom of the crypto market most likely appeared July and assumes that the market is in the early stages of a new bull market.