Cointelegraph cited market observations from Glassnode indicating that Bitcoin’s capitulation pressure has weakened significantly. According to the data, Bitcoin’s realized losses have fallen by 46%, showing that the scale of losses being locked in on-chain has contracted. The report describes the current phase of capitulation as “twice as weak,” with the sharp decline in realized losses forming the central basis for that assessment.
The spot market liquidity structure has also shifted toward a more supportive position. Increasing bid-side liquidity suggests that sell pressure is easing rather than continuing to dominate. For Bitcoin’s price, the central question raised by the report is whether bulls can use stronger spot support to push BTC back above the $70,000 level. That threshold is presented as the key marker for judging the strength of any bullish recovery.