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Glassnode said selling to lock in losses has continued since Bitcoin fell below $80,000. In a post on X, Glassnode said BTC posted its longest streak of daily net realized losses since mid-August last week. It added that concentrated realized-loss periods in August and September also coincided with short-term bottoms, and said BTC holding above $75,000 could fit a similar bottoming pattern. Glassnode added, however, that the pattern does not necessarily imply a price rebound.