$BTC Hits Its 3rd Most Oversold Reading Ever for Short-Term Holders ā A Historic Capitulation Signal
Bitcoin just reached one of the deepest oversold levels in STH MVRV Bollinger history ā the 3rd most extreme reading ever recorded for short-term holders.
And the only two times BTC was more oversold than today?
š 2018 Bear Market Bottom
š May 2021 Capitulation Low
Thatās it.
Those were cycle-defining moments ā and now weāre printing the same kind of signal again.
𤯠What This Means
Short-term holders ā the emotional, reactive crowd ā have fully capitulated.
Theyāre selling at massive losses, flushing out weak hands at scale.
And historically?
š Every time the oscillator spikes sharply into the green, BTC forms a local bottom.
Sometimes itās the macro bottom.
Sometimes itās a mid-cycle bottom.
But it has never been a bad place for buyers with a medium-term view.
Right now, weāre sitting at an oversold extreme thatās only been seen twice in Bitcoin's entire history ā and both times marked powerful upward reversals afterward.
Short-term holders are rekt.
Strong hands are quietly accumulating.
The setup is forming⦠and the bounce window is opening. ā”ļø
#BTC #OnChain #Capitulation