Part 5/12:
Several on-chain metrics point towards a possible market bottom, or at least a period of exhausted selling pressure. Among these:
- Realized Losses and Panic Selling: Data from Glassnode reveals that large investors and short-term traders have incurred significant realized losses over the past two months. Historically, peaks in realized losses—indicating panic sales—often occur near market lows. The current data suggests that sellers have largely been exhausted, possibly paving the way for stabilization.