Woofun AI data shows that Bitcoin is currently in the late stage of its bottoming process, yet long-term holder capitulation selling remains elevated. The realized loss metric has reached a daily peak of nearly $280 million, marking the highest level recorded since December 2022.

For the market to convincingly transition back to a bull state, this indicator requires significant compression. Bitcoin previously rebounded from $58,300 to $64,400 last week before retreating to $62,700. This price level stays below the short-term holder cost basis of approximately $72,200 and the True Market Mean of roughly $76,600.

Meanwhile, net outflows from spot Bitcoin ETFs have narrowed but continue to register as negative.