Bitcoin Is Up 2X But Speculators Are Underwater: Will The Sell-off Continue?

Bitcoin is down at press time, wiping the weekend’s gains and inching closer to $60,000. If bears press on, increasing their shorts, the odds of the coin sliding below the psychological number and $56,800 remain high.
Glassnode: STHs Are In Red
As the world’s most valuable coin finds itself at a critical juncture, fast approaching $60,000, on-chain data points to weakness at spot rates.In a post on X, Glassnode, a blockchain analytics firm, highlighted how BTC finds itself in a uniqu