$BTC latest wave of loss-selling near $80K could be a sign of seller exhaustion.
Glassnode data notes that similar capitulation spikes in August and September were followed by local bottoms.
Capitulation can mark a bottom without guaranteeing a recovery.
With BTC still facing resistance near $88K and ETF outflows weighing on demand, the next test is whether buyers can hold the ground sellers just gave up.
Glassnode data notes that similar capitulation spikes in August and September were followed by local bottoms.
Capitulation can mark a bottom without guaranteeing a recovery.
With BTC still facing resistance near $88K and ETF outflows weighing on demand, the next test is whether buyers can hold the ground sellers just gave up.