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

CryptoQuant says bitcoin's realized P/L ratio hit -0.35, a 43-month low last seen after FTX collapsed, just as Saylor's Strategy sold 3,588 BTC.

Bitcoin is currently witnessing a "textbook" bottom, according to analysis of a moving average derivative that last flashed in late 2022.

Glassnode says Bitcoin's bottoming process is advancing but three signals still need to confirm before a genuine recovery can begin.

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