Glassnode Report Indicates Bitcoin’s Bottom Would Form Soon

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.