Long-term holders' capitulation has started and the cohort is currently selling at a loss. Is this a sign that the bottom is getting closer?
Bitcoin’s Bear Market Long-Term Holders Capitulation Started: Reason for Optimism?Long-term holders’ capitulation has started and the cohort is currently selling at a loss. Is this a sign that the bottom is getting closer?
In the current context, the capitulation of long-term holders means that people or entities who held BTC for a prolonged period are departing from their trade, albeit in a profit or loss. It’s also very important to note that this is may not be a one-off event, and it could take weeks or months for long-term holders to capitulate definitively.
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