Glassnode shows investor buying is at its lowest, and fear is at peak levels similar to past major stress events like the Covid crash and FTX collapse. Many are selling at losses as Bitcoin drops.
These surrender phases usually mark capitulation, when weak hands exit and strong buyers step in. Historically, this has often happened right before major market bottoms and big rebounds.#NonfarmPayrollsBeatExpectations
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Glassnode shows investor buying is at its lowest, and fear is at peak levels similar to past major stress events like the Covid crash and FTX collapse. Many are selling at losses as Bitcoin drops.
These surrender phases usually mark capitulation, when weak hands exit and strong buyers step in. Historically, this has often happened right before major market bottoms and big rebounds.#NonfarmPayrollsBeatExpectations