#BTC
$BTC
🚨 BITCOIN JUST TRIGGERED THE BIGGEST SHORT-TERM HOLDER CAPITULATION IN ITS HISTORY.
$BTC has dropped below $60,000 for the first time since October 2024, while short-term holders are realizing losses at a deeper level than during the 2018 crash, the COVID drop, and the 2022 bear market.
The candlestick shows that newer investors are aggressively panic-selling after Bitcoin wiped out much of this month's rally in just a few days.
Historically, these extreme capitulation events tend to occur near market exhaustion points where weak hands completely exit the market.
What makes this unusual is that long-term holders are still hardly distributing coins, even as short-term holders capitulate at record levels.
That generally means the panic is primarily coming from new market participants, not from experienced holders.
#MyStocksQuestion #BitcoinDropsBelow$60KWorstWeekSinceJuly2024 #ZcashOrchardCriticalVulnerabilityZECPlungesOver40Percent #USJobsReportDoublesForecasts
$BTC
🚨 BITCOIN JUST TRIGGERED THE BIGGEST SHORT-TERM HOLDER CAPITULATION IN ITS HISTORY.
$BTC has dropped below $60,000 for the first time since October 2024, while short-term holders are realizing losses at a deeper level than during the 2018 crash, the COVID drop, and the 2022 bear market.
The candlestick shows that newer investors are aggressively panic-selling after Bitcoin wiped out much of this month's rally in just a few days.
Historically, these extreme capitulation events tend to occur near market exhaustion points where weak hands completely exit the market.
What makes this unusual is that long-term holders are still hardly distributing coins, even as short-term holders capitulate at record levels.
That generally means the panic is primarily coming from new market participants, not from experienced holders.
#MyStocksQuestion #BitcoinDropsBelow$60KWorstWeekSinceJuly2024 #ZcashOrchardCriticalVulnerabilityZECPlungesOver40Percent #USJobsReportDoublesForecasts