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Bitcoin Bottom Fishers Eye Long-Term Holder Capitulation Signals

  • Increased chance long-term holders are letting go: Glassnode
  • Still, firm says Bitcoin investors aren’t out of the woods yet
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Bitcoin Might Be Near a Bottom, Says Crypto Expert
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With Bitcoin down over 70% from its November all-time highs, experts search for signs of a bottom as the staunchest of long-term holders are feeling pressured to halt their selling. 

Bitcoin, the largest digital asset by market value, is hovering around $19,000, down from roughly $69,000 at the end of last year. Longstanding investors spending their coins are locking in a 33% loss, data from Glassnode indicates.