Bottom Building in Progress
Covered by 2 sources · 2 articles
2 outlets - including Theblock and Glassnode - are covering this story. Bitcoin long-term holder capitulation hit $280M/day, the highest since Dec 2022, a sign Glassnode says may flag a bottom forming.
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‘Bottom building in progress’: Analysts say bitcoin holder capitulation signals late-stage bear market
Bitcoin long-term holder capitulation hit $280M/day, the highest since Dec 2022, a sign Glassnode says may flag a bottom forming.
Bottom Building in Progress
Bitcoin remains in deep value after five months below key investor cost bases. Long-term holder capitulation is accelerating while ETF flows stay negative. Derivatives have de-risked but the options surface retains a defensive tilt. The bot…