Bitcoin Plunges as Capitulation Intensifies: Short-Term Losses Surge

Bitcoin’s price is experiencing a dramatic decline as investors are facing substantial losses amid growing market fear. The cryptocurrency is falling at an alarming rate, driven by mass selling panic and further fueled by significant withdrawals from exchanges. Recent data highlights this capitulation trend, with a record-breaking 65,200 BTC leaving exchanges and an exodus of Bitcoin ETFs outflowing massive amounts of capital. This suggests a shift towards short-term investor exits as they seek to minimize losses amidst the volatility.