Yesterday’s Bitcoin market saw a capitulation from short-term investors, creating an attractive buying opportunity. However, caution is advised as this trend has been in place since March.

Short-term investors have struggled to hold onto Bitcoin, with each price peak met with selling pressure. The chart shows that long-term investors’ returns have been declining, while short-term investors have been capitulating more than expected.

Hence, being patient with timing can be crucial. When long-term investors maintain their gains, entering the market during a period of short-term capitulation can yield higher returns in the long run.