📌 Bitcoin Enters Capitulation Phase as Key Supports Give Way, CryptoQuant Reports – According to a new report from CryptoQuant, Bitcoin has entered a capitulation phase after breaking multiple critical support levels on the daily timeframe. The loss of structural support has shifted market conditions decisively, reinforcing the view that Bitcoin has transitioned into a bear
$BTC, #CryptoQuant reports #Bitcoin has entered a capitulation phase after breaching multiple daily structural supports. Loss of key supports has shifted conditions decisively toward a bear, with rising on-chain outflows and declining exchange reserves signaling heavy selling.
Watch long-term moving averages and funding rates for signs of exhaustion. #Macro Insights# #Capitulation