VanEck's Bitcoin capitulation dashboard showed eight of 12 signals active, but its history did not identify a reliable six-month bottom. Bitcoin's Aug. 19 rally included the largest single-day short-liquidation event in Glassnode's feed since 2019. Glassnode later recorded $2.23 billion of U.S. spot Bitcoin ETF creations over seven days without an outflow day. VanEck also reported a 356,534 BTC decline in supply held for more than one year over 30 days.