⏸ Report On-chain Glassnode W9/2025 

🟢 The digital asset market has faced significant selling pressure in recent weeks, with Bitcoin down 28% and Ethereum and Solana losing over 50% from their cycle peaks. This sell-off has led to a sharp increase in realized losses, marking the second-largest capitulation event of the cycle and highlighting the severity of the correction.

🟢 Although prices saw a brief recovery following President Trump's announcement of a strategic crypto reserve, it turned into another “sell-the-news” event as prices continued to decline. Key price structures and on-chain indicators suggest that $92K is the critical level for Bitcoin to regain its bullish momentum, while $70K serves as a crucial support zone if prices dip further.