STH Losses Collapse 99%, Meaning Bitcoin's Capitulation Phase Is Over
Bitcoin has issued one of its clearest post-capitulation signals on Binance. After two massive panic events on November 24 and 26, where 19,233 $BTC ($1.6 billion) in losses hit the exchange, short-term holders have completely stopped selling at a loss.
Over the past five days, loss inflows fell from 8,674 BTC to 0.002 BTC, a 99.99% drop.
That final number? Just $211 in total losses, compared to nearly $1 billion six days earlier.
This is what exhausted selling looks like.
Short-term holders (≤155 days), the most reactive cohort, have fully capitulated. When they stop panic-selling despite volatility, it signals:
BTC
91,494.47
-1.93%