Glassnode reports BTC selling above $80000 or marking bottom of phase

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Glassnode posted on the X platform stating that sellers surrendered during yesterday's BTC decline. Previously, loss selling occurred at local lows in early August, mid August, and mid September. Since the high point in September, profit taking has slowed down. If the pattern holds, yesterday's sell-off not far above $80000 marks the bottom of the stage.

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Today 2026-10-16
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