Glassnode: Loss Selling Above $80,000 May Signal Staged Bitcoin Bottom
- —Loss selling appeared with bitcoin just above $80,000
- —Similar capitulation occurred in early and mid-August and mid-September
- —Profit-taking has slowed since the September peak
- —Glassnode calls the conclusion conditional, based on historical data
Why it matters: If the pattern holds, the current zone could mark a local bottom and a signal for recovery, though the read remains conditional.
Source: TokenPost