JUST IN: Bitcoin's drop to the $65,000 level is resulting in a loss of 9 million BTC. With Bitcoin trading sideways between $60,000 and $70,000, a pattern seen in 2022 is repeating itself. Glassnode detects an active capitulation. Following this capitulation, Glassnode says a rebound is expected, but it will take time.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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