Glassnode says Bitcoin is in the late stages of a bottoming process, but long-term holders' capitulation-style selling remains high. Recently, realized losses peaked at nearly $280 million per day, the highest since December 2022. Glassnode notes that this metric needs to compress significantly before the market can credibly shift back to a bull market. Last week, Bitcoin rebounded from $58,300 to $64,400 before falling back to $62,700, still below the short-term holders' cost basis of around $72,200 and the True Market Mean of approximately $76,600. Spot Bitcoin ETF net outflows have narrowed but remain negative. (CryptoSlate) https://www.(wublock123.com)/news/news-64310