Glassnode analysts report that a recent surge in Bitcoin loss-selling near the $80,000 level may indicate a local market bottom. This assessment follows a pattern observed in August and September 2026, where similar capitulation events preceded price stabilization.
On October 15, 2026, Bitcoin prices dipped near $80,000, triggering increased selling activity. As of October 16, 2026, the asset traded around $82,700. Analysts currently track the cost basis for US spot Bitcoin ETF holders at approximately $81,500 and the True Market Mean at $77,500 to $78,000.
Data shows that long-term holder realized losses have decreased by about 85% since their peak on August 12, 2026. Currently, the market sees a ratio of more than four coins spent at a profit for every one moved at a loss. Between September 21 and October 6, 2026, US spot Bitcoin ETFs recorded inflows of about $3 billion.
