Sellers capitulate again, Glassnode says BTC selling above $80K may mark a local bottom

Odaily reports that Glassnode posted on X platform stating that seller capitulation occurred again during yesterday's BTC decline. Each previous wave of loss-driven selling appeared at local bottoms, occurring in early August, mid-August, and mid-September respectively. Since the September high, profit-taking has slowed. If this pattern holds, yesterday's selling not far above $80K would mark a local bottom.