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The Character of Capitulation

From insights.glassnode.com

As the dust settles after the FTX debacle, a key question is whether the sell-off can be better characterized as a simple continuation of the bearish trend, or instead a trigger of a deeper psychological shift amongst investors. The Bitcoin market has continued to consolidate after a chaotic few weeks, with prices trading within a narrow range, holding just above $16k. As the dust settles following the collapse of FTX, the aggregate response of Bitcoin holders is slowly becoming clearer. A key question is whether the recent sell-off can be better characterized as simply a continuation of the bearish trend, or perhaps ... (full story)

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  • Category: Technical Analysis