Crypto
Bitcoin capitulation signal emerges as stop-loss selling hits 2022 bear market bottom level
Stop-loss selling has risen quickly in the bitcoin market, pushing an on-chain indicator down to levels seen at past bear market lows. Darkpost, an on-chain analyst at CryptoQuant, said bitcoin’s UTXO profit/loss count ratio fell to prior bear market levels for the first time in this correction. He called it a capitulation signal, while cautioning the process takes time and does not imply an immediate rebound.
