Recent market analysis from Glassnode indicates a significant shift in Bitcoin's momentum. As realized losses have plummeted by 46%, the intensity of recent sell-side pressure appears to be rapidly dissipating.
The report highlights that spot liquidity has shifted into a more supportive position. This influx of bid-side depth is providing a structural floor for the asset, signaling that investors may be finished with the worst of the recent panic selling.
For market bulls, this stabilization is a critical development. With the bearish capitulation cycle proving to be significantly weaker than previous market downturns, the path of least resistance could once again tilt toward the upside.
As the asset attempts to reclaim its footing, traders are keeping a close eye on the $70,000 threshold. If current liquidity trends persist, Bitcoin could be well-positioned for a renewed push toward recent highs in the coming sessions.
