VanEck: Bitcoin Correction Nears End as Capitulation Signals Mount
VanEck says Bitcoin is approaching the end of its correction phase, with 8 of 12 capitulation signals active and long-term holders offloading 356K BTC over the past month.
BTCUSD
VanEck assesses that Bitcoin is moving toward the end of its current correction phase. According to the firm, 8 of 12 capitulation signals it tracks are now firing, suggesting selling pressure may be nearing exhaustion.
Long-term holders have shed 356,000 BTC over the past month, adding to recent supply overhang. VanEck’s signal framework indicates that while long-term investors have been distributing, the broader setup is becoming more consistent with late-stage correction behavior.
Source: Cointelegraph