Bitcoin’s bottom needs long-term holders to stop losing $280M a day

Bitcoin's climb from $58,300 to $64,400, then back to $62,700, over the past week is a bounce that still leaves the price below two important levels tracked by Glassnode: the True Market Mean near $76,600 and the short-term holder cost basis near $72,200. The firm places Bitcoin in the later stages of a bottoming process, [ ]