Krutika Adani
A report by Glassnode highlights that Bitcoin might soon form its bottom after major price corrections.
As Bitcoin’s price nears the buying price of short-term investors, their selling might end soon.
The latest correction has erased 20% of Bitcoin’s price with a 9% fall in a single day.
Investors looking for a short-term gain have been selling heavily due to recent volatility.
The report also indicates an upswing in the prices soon.