Glassnode indicates Bitcoin is in the late stage of the bottoming process, but long-term holder capitulation selling remains high, with the scale of realized losses recently peaking near $280 million per day, the highest since December 2022. Glassnode states that this metric needs to compress significantly for the market to credibly shift back to a bullish state. Bitcoin rebounded from $58.3k to $64.4k last week before falling back to $62.7k, still below the short-term holder cost basis of about $72.2k and the True Market Mean of about $76.6k. Spot Bitcoin ETF net outflows have narrowed but remain negative. (CryptoSlate)

BTC1.39%
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