Glassnode: Bitcoin continues bottoming process amid investor capitulation

The seven-day Exponential Moving Average (EMA) of Bitcoin investors' Net Realized Profit & Loss has eased to around -$480 million after plummeting to -$1.24 billion on Feb. 6, according to Glassnode. The firm noted that while the scale of realized losses has decreased, the market remains in a sell-side dominant environment, with investor capitulation continuing through the bottoming process.