Bitcoin Drops Below $80K Triggering Short-Term Holder Capitulation

Bitcoin recently dropped below the $80,000 mark, causing a notable exodus of short-term investors, leading to speculation about potential market bottom. On-chain data suggests this dip could signify a local price trough. The impact is felt across various sectors as Bitcoin’s market cap plummeted by nearly $800 billion in the past month. This marks the largest monthly decline since 2022 and has rippled through the broader cryptocurrency market, putting institutional investors at risk of further losses. Experts highlight the potential for a comeback if the price holds above $80K, suggesting historical trends may offer hope for recovery.