Bitcoin’s Sharp Fall Signals ‘Capitulation,’ Says Alphractal Analysis Firm

Cryptocurrency analysis firm Alphractal argues that the recent drop in Bitcoin price is unlike any previous correction, marking a clear sign of capitulation. They highlight three crucial on-chain signals indicating this unusual trend: Bitcoin miners are shutting down a large number of their mining rigs, signaling market pressure; the decline was extremely fast, violent and far beyond typical corrections; and prolonged selling behavior from long-time Bitcoin holders, an action only seen when market psychology shifts dramatically.