Bitcoin price-metric basket sees longest capitulation since FTX blow-up: Glassnode
CoinTelegraph·
60-second summary
Glassnode confirms its aggregate BTC price cycle tool is in its coldest phase since the FTX collapse in late 2022, indicating a prolonged period of price weakness. This metric has not seen such a prolonged capitulation since the FTX blow-up. The prolonged bearish trend may continue to weigh on investor sentiment and market confidence.
Glassnode confirmed that its aggregate BTC price cycle tool was in its coldest phase since the collapse of FTX in late 2022.