Glassnode: Bitcoin selling pressure appears again; yesterday's sell-off may mark the bottom
2026-10-16 19:49:49
According to CoinMeta, as reported by Glassnode, local Bitcoin sellers once again engaged in selling off yesterday, with each loss-making sale occurring at a local bottom: specifically at the beginning of August, in mid-August, and in mid-September. Since the high point in September, the pace of profit-taking has slowed down. If this pattern continues, the sales above $80,000 yesterday will mark a bottom.
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