Bitcoin capitulation ‘twice as weak’ after spot liquidity turns supportive: Glassnode
Hex37's read
- Bitcoin realized losses decreased by 46%.
- Increased bid-side liquidity suggests easing sell pressure.
- Spot liquidity is now supportive for Bitcoin.
- The article questions if BTC can reclaim $70,000.
What it means for traders
- Easing sell pressure and supportive liquidity could lead to a price recovery for BTC.
- Traders may consider long positions on BTC if it breaks above key resistance levels.
Affected markets
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