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Glassnode: Bitcoin Sellers Showing Exhaustion Around $64,000, But No Bottom Yet

News.Bitcoin.com
Glassnode: Bitcoin Sellers Showing Exhaustion Around $64,000, But No Bottom Yet

Glassnode says bitcoin sellers are showing signs of exhaustion, though the onchain analytics firm stopped short of confirming a historical market bottom is in. Selling Pressure Fades, But Confirmation Is Missing Onchain analytics firm Glassnode said this week that bitcoin sellers appear to be running out of steam, a signal often associated with the later […]

Key Takeaways

  1. Glassnode says bitcoin sellers are showing signs of exhaustion, though the onchain analytics firm stopped short of confirming a historical market bottom is in.
  2. Selling Pressure Fades, But Confirmation Is Missing Onchain analytics firm Glassnode said this week that bitcoin sellers appear to be running out of steam, a signal often associated with the later […]
  3. Read the full article for additional context and details.
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.