Data: Bitcoin remains in the late stage of bottom formation, with selling pressure from long-term holders and ETF net outflows yet to ease
ChainCatcher news, Glassnode's latest weekly report indicates that Bitcoin has been consistently trading below the real market mean and the short-term holder cost basis for the past five months, remaining in a deep value zone. This shows that while the market's bottoming process is progressing, it has not yet been completed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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