Bitcoin capitulation ‘twice as weak’ after spot liquidity turns supportive: Glassnode

60-second summary

Bitcoin's realized losses are declining at a rate twice as weak as previous capitulations, with a 46% fall in losses indicating easing sell pressure. Increasing bid-side liquidity is supporting spot markets, suggesting bulls may gain traction. If sustained, this trend could push the BTC price back above $70,000, a crucial resistance level.