$BTC PAIN DEEPENS, BUT CAPITULATION IS NOT HERE ⚠️
$BTC : 69,500 🔻
Glassnode data shows long-term holders are carrying a 15.5% relative unrealized loss, indicating pressure but not the type of broad capitulation historically seen near cycle bottoms. Prior extreme bottom phases saw this loss metric exceed 50%, suggesting current stress remains materially below prior surrender zones. Liquidity conditions can still amplify downside, so traders should separate short-term volatility from confirmed cycle-bottom signals.
Not financial advice. Manage your risk.
#BTC #Bitcoin #CryptoMarket #Glassnode. #BinanceSquar 🛡️