‘Bottom building in progress’: Analysts say bitcoin holder capitulation signals late-stage bear market
Bitcoin has traded below its True Market Mean and Short-Term Holder Cost Basis for five straight months, one of the longest deep-value stretches in its history, according to Glassnode’s latest onchain report. Long-term holder loss realization now accounts for 43% of total realized value onchain, up from 15% in early February, and recently peaked at…
