Glassnode: BTC sellers capitulate after falling below $80,000, potentially forming a local bottom

BlockBeats news, November 2nd: Glassnode posted data on social media indicating that BTC sellers are continuously capitulating below $80,000. Last week saw the longest streak of daily net realized losses since mid-August. The loss concentration periods in both August and September formed at local lows. If the price can stay above $75,000, it will once again align with this pattern.

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Glassnode: BTC sellers capitulate after falling below $80,000, potentially forming a local bottom

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