K33 said Bitcoin may be nearing a bear market bottom after more than half of its circulating supply fell into loss, a level that has historically preceded market bottoms.

K33 said Bitcoin may be nearing a bear market bottom after more than half of its circulating supply fell into loss, a level that has historically preceded market bottoms.

Bitcoin long-term holder capitulation hit $280M/day, the highest since Dec 2022, a sign Glassnode says may flag a bottom forming.