‘Intense Capitulation’ Hits Crypto as 8M BTC, Bulk of ETH Supply Sit at Loss
Hex37's read
- Millions of Bitcoin and a significant portion of Ethereum are currently trading at a loss.
- Market experts interpret this as a sign of 'intense capitulation' and a market reset.
- Despite current losses, long-term investment opportunities are still believed to exist.
What it means for traders
- Capitulation events can precede significant market bottoms, presenting potential buying opportunities for long-term investors.
- High supply at a loss for major coins like BTC and ETH suggests strong selling pressure, caution is advised for short-term trades.
Affected markets
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