Glassnode said in a social media post that Bitcoin sellers have continued to capitulate below the $80,000 level, with the market recording a prolonged stretch of realized losses. According to the data cited by the on-chain analytics firm, last week saw the longest run of daily net realized losses since mid-August. Glassnode also noted a pattern in earlier market behavior: concentrated periods of losses in both August and September formed around local lows. It added that if BTC can hold above $75,000, the current setup would once again fit that pattern. The update points to sustained loss-taking pressure among sellers while highlighting a price level that Glassnode says could keep the recent structure in line with prior episodes.
ChainCatcher reported that Glassnode said in a social media post that BTC sellers have continued to exit at a loss below $80,000.
The firm said last week marked the longest stretch of daily net realized losses since mid-August. Glassnode added that concentrated loss periods in August and September both formed around local lows. If the price holds above $75,000, the market would once again match that pattern, according to the post.
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