Another loss-driven selloff—Glassnode says this often marks a local bottom.
On-chain: Native BTC selling capitulated again yesterday. In early August, mid-August, and mid-September, each surge in loss-driven selling pressure came near a local bottom.
Profit-taking has also slowed since September’s highs. If the historical pattern still holds, yesterday’s wave of selling just above $80,000 could mean we’re near the floor.
Selling at a loss doesn’t mean an immediate takeoff—but it’s more worth watching than blindly chasing the highs.
Do you think this capitulation above $80,000 has hit bottom?
Type 1 if you think it’s bottomed and it’s time to build a position
Type 2 if you think it’s not enough and want to wait for a deeper drop
Type 3 if you’re watching $BTC and keeping your position in check for now
#BinanceSquare
$BTC $ETH
On-chain: Native BTC selling capitulated again yesterday. In early August, mid-August, and mid-September, each surge in loss-driven selling pressure came near a local bottom.
Profit-taking has also slowed since September’s highs. If the historical pattern still holds, yesterday’s wave of selling just above $80,000 could mean we’re near the floor.
Selling at a loss doesn’t mean an immediate takeoff—but it’s more worth watching than blindly chasing the highs.
Do you think this capitulation above $80,000 has hit bottom?
Type 1 if you think it’s bottomed and it’s time to build a position
Type 2 if you think it’s not enough and want to wait for a deeper drop
Type 3 if you’re watching $BTC and keeping your position in check for now
#BinanceSquare
$BTC $ETH