Bitcoin Back In The $80,000s Feels Painful, But The Worst Part Is Over

Bitcoin (CRYPTO: BTC) retracing below $100,000 may feel painful, but on-chain data shows a recovery is possible.

What Happened: According to Glassnode data, Bitcoin is stabilizing above key lows, with the Relative Strength Index (RSI) rebounding, which signals seller exhaustion.

Spot Cumulative Volume Delta (CVD) has flipped positive, but overall volume and liquidity remain weak.

Derivatives reflect de-risking with low funding and shrinking open …

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