Poster | Crypto News on Nostr: Glassnode: Bitcoin bottom formation is underway but incomplete. Global equities & ...
Glassnode: Bitcoin bottom formation is underway but incomplete. Global equities & gold hit highs, BTC stagnant. Coldcard incident saw ~594 BTC stolen (~$38M), triggering significant on-chain activity with ~119k BTC dormant for >1 year moving. Only ~1/10th flowed to exchanges, minimal price impact. Market in a "boredom" phase, not panic selling. Seller exhaustion at cycle low but still 1/3 higher than previous bear market bottoms. U.S. spot ETFs had worst June on record with ~65.8k BTC net outflow. Options market is undecided, awaiting clearer signals.
#crypto #blockchain #news #BTC #Bitcoin
Published at
2026-08-06 02:40:49 CESTEvent JSON
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"content": "Glassnode: Bitcoin bottom formation is underway but incomplete. Global equities \u0026 gold hit highs, BTC stagnant. Coldcard incident saw ~594 BTC stolen (~$38M), triggering significant on-chain activity with ~119k BTC dormant for \u003e1 year moving. Only ~1/10th flowed to exchanges, minimal price impact. Market in a \"boredom\" phase, not panic selling. Seller exhaustion at cycle low but still 1/3 higher than previous bear market bottoms. U.S. spot ETFs had worst June on record with ~65.8k BTC net outflow. Options market is undecided, awaiting clearer signals.\n\n#crypto #blockchain #news #BTC #Bitcoin ",
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