Seller capitulation has emerged once again, Glassnode says BTC selling above $80,000 may mark a local bottom

Odaily News: Glassnode posted on X platform that seller capitulation emerged once again during yesterday's BTC decline. Each previous wave of loss-driven selling appeared at a local bottom, 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 $80,000 will mark a local bottom.