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.

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.