Bitcoin · Federal Reserve (FED) · CryptoSlate
Bitcoin’s bottom needs long-term holders to stop losing $280 million a day
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
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.
Key facts
- Spot Bitcoin ETF net flows have improved from a low near $193 million per day in early June to a 30-day average near $88.9 million per day now, a real recovery that still leaves the market
- 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
- Using absolute values to frame market stress, Glassnode’s two pressure points, long-term holder losses near $280 million a day and ETF net outflows near $88.9 million a day, put the combined stress
- Trading volume is running at a 30-day average of about $650 million to $950 million per day, far below the October 2025 peak near $4.4 billion
Summary
01 Bitcoin bounced to $64,400, but still trades below Glassnode’s True Market Mean and short-term holder cost basis. 02 Glassnode says long-term holder capitulation remains elevated, with losses peaking near $280 million a day. 03 Fed minutes removed easing bias, leaving Bitcoin needing cooler seller stress and stronger ETF demand to confirm a bottom. The firm places Bitcoin in the later stages of a bottoming process, which it frames as ongoing.