Bitcoin’s loss-selling spike near $80K may mark a local bottom, Glassnode says
Bitcoin's recent loss-selling may signal a local bottom, suggesting potential market stabilization, but ETF outflows could challenge recovery. The post Bitcoin’s loss-selling spike near $80K may mark a local bottom, Glassnode says appeared first on Crypto Briefing.
AI summary
Glassnode data shows a spike in Bitcoin loss-selling near the $80,000 level, which the analytics firm interprets as a possible local bottom and a sign of potential market stabilization. However, ongoing ETF outflows could still challenge any recovery. Traders would watch whether capitulation-style selling marks a turning point or whether continued fund redemptions keep pressuring BTC prices.
