Everyone was up on $BTC just weeks ago. Now most coins held by new buyers are underwater.
Glassnode just dropped their critical zone for this rally to hold.
New money is bleeding. If we lose this level, expect capitulation from late entries. Watch the support—break it and we're looking at a flush that shakes out the weak hands.
This is where conviction gets tested.
Glassnode just dropped their critical zone for this rally to hold.
New money is bleeding. If we lose this level, expect capitulation from late entries. Watch the support—break it and we're looking at a flush that shakes out the weak hands.
This is where conviction gets tested.