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Bitcoin holder capitulation hits $280M per day, analysts cite a possible bottom
Glassnode data cited by The Block shows the capitulation peak at about $280 million per day, the highest level since December 2022.
Bitcoin long-term holder capitulation has reached about $280 million per day, the highest since December 2022, according to data cited by The Block.
The Block reports that Glassnode views the move as a signal that a bottom may be forming in what analysts describe as a late stage bear market.