Glassnode Data Signals BTC Seller Exhaustion, Hinting at a Potential Bottom

Glassnode has revealed that Bitcoin's Realized Loss indicator, which tracks the cumulative losses of coins sold below their historic transaction price, has shown a slowdown in recent dramatic spikes. Previously, during bearish market phases in February and March, significant spikes in realized losses were observed as investors panic sold their positions. Currently, however, the metric's lower levels suggest that the liquidity shock and capitulation may be nearing saturation, potentially indicating that sellers are becoming exhausted. Concurrently, Glassnode noted that the overall market capitalization of altcoins has considerably contracted from an all-time high of $1 trillion in December 2024 to $583 billion today, reflecting broader sector vulnerabilities. Meanwhile, BTC has managed a rebound, trading around $81,900, which bolsters speculation about a nearing bottom and possible upcoming stabilization. The news emphasizes that BTC may be poised for recovery if seller exhaustion indeed sets in.