CoinEx News: Glassnode's July 8 report shows Bitcoin has spent about five months below two buyer breakeven prices — around $76,600 for active investors and $72,200 for recent buyers. That leaves both groups underwater — holding at a loss. Long-term holders are now realizing about $280 million in daily losses, the most since December 2022. Meanwhile, U.S. spot Bitcoin ETF outflows are easing, from $193 million a day in early June to $84 million now.

None of this confirms a bottom yet. Glassnode says the setup is forming but unconfirmed: loss-taking must fade, ETF demand must steady, and Bitcoin needs to reclaim the $72,200–$76,600 zone.