🚨 One of Bitcoin's most important on-chain signals just flashed—and history says it's worth paying attention to.
According to Glassnode, Long-Term Holders are currently realizing around $280 million in losses per day, marking the highest level since December 2022.
Why does that matter?
Long-term holders are typically the last group to panic. When even they begin selling at a loss, it often signals holder capitulation—a phase that has historically appeared near the later stages of bear markets.
This doesn't guarantee the bottom is in, but it can suggest that much of the market's selling pressure is finally being absorbed.
There are still important confirmations to watch:
• $BTC needs to reclaim key on-chain support levels.
• Spot ETF inflows should stabilize and strengthen.
• Sustained demand needs to return before a durable trend reversal can be confirmed.
Capitulation is often where fear peaks—but it's not the same as confirmation.
The market may be entering a bottom-building phase, but patience and risk management still matter more than predictions.
Watch the data, not the emotions. 📊
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