Glassnode flags Bitcoin seller capitulation, pointing to support near $80K
- —Long-term holder realized losses are down about 85% from the August 12 peak
- —US spot Bitcoin ETF cost basis near $81,500 is a key support reference
- —CoinGlass liquidation clusters sit at $82,300 above and $80,600 below
- —A break below $79,821 would invalidate the bullish setup targeting $87,233 and $91,754
Why it matters: Holding $80,000 and the ETF cost basis will show whether a floor has formed or the selloff continues.
Source: Brave New Coin