Bitcoin (BTC) price, which has retreated from its all-time high of $126,200 to $82,000, may be nearing the final stages of capitulation.
SwissBlock guarantees that the digital asset “marks a serious first step towards the creation of a fund.” This was caused by a sudden drop in indicators risk off signal. This indicator measures the level of risk aversion in the Bitcoin market.
The Swissblock chart shows how the red zone (period of high risk and selling pressure) has recently given way to an accelerating decline in the indicator. In previous episodes, this behavior preceded the formation of the background and was reflected in the blue zone.
The company claims that a second wave, where prices hold to lows and sales weaken, is usually a sign of a “sell-out.” Control gradually shifts to the buyer.
“For now, the worst of the capitulation may perhaps be behind us,” the company says.
Analyst JA Maartunn agrees with this diagnosis. It notes that short-term holders transferred 62,400 BTC to the exchange at a loss. This was around the time when exchange-traded funds (ETFs) started to become popular. It has accumulated a decrease of $4.66 billion from the maximum value.
Maartung emphasized that sellers are “losing power” and that the flow of stablecoins to exchanges ($4.55 billion in 24 hours) suggests ready demand among these investors.
Experts such as Carmelo Aleman, consulted by CriptoNoticias, believe that this correction does not correspond to a prolonged bearish cycle, but rather to a move forced by liquidity and derivatives. In this context, the drying up of selling pressure This could be the clearest sign of market stabilization.