Latest Developments: 📊 VanEck indicates that the correction phase Bitcoin has been experiencing for the past 11 months may be nearing its end, as 8 out of 12 signals within its “capitulation check” index are currently showing.
VanEck’s report explains that reaching this stage means moving from a phase of intense selling to one where prices start moving within a sideways range (accumulation), as large investors and institutions begin to buy gradually.
VanEck noted that historically, when the number of capitulation signals rises from 8 to 12, Bitcoin returns over the following 90 to 180 days are often slower than or below the overall average, which suggests the possibility that volatility could persist for a while before a strong upswing occurs.
The capitulation phase is a positive medium- to long-term signal because it typically precedes bottoms; however, in the short term, it indicates a state of stability and sideways trading rather than an immediate, rocket-like surge.
#BTC #BTCtrader #news #Binance
VanEck’s report explains that reaching this stage means moving from a phase of intense selling to one where prices start moving within a sideways range (accumulation), as large investors and institutions begin to buy gradually.
VanEck noted that historically, when the number of capitulation signals rises from 8 to 12, Bitcoin returns over the following 90 to 180 days are often slower than or below the overall average, which suggests the possibility that volatility could persist for a while before a strong upswing occurs.
The capitulation phase is a positive medium- to long-term signal because it typically precedes bottoms; however, in the short term, it indicates a state of stability and sideways trading rather than an immediate, rocket-like surge.
#BTC #BTCtrader #news #Binance