📊 $BTC Market Capitulation Oscillator just printed a reading last seen August 2024.



Hash Capitulation Index is also flagging. Mining pressure has been elevated for 9 consecutive sessions.

Two capitulation metrics aligning is something crypto Twitter dashboards don't track. The August 2024 reading came right before a 38% rally. Every cycle is different, but the pattern isn't.

$BTC
BTC-0.09%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 20
  • 14
  • Share
Comment
Add a comment
Add a comment
LittleBearWatchingTheMarket
· 05-01 23:44
Last August, after that reading, it fluctuated for two weeks before rallying. Don't rush to FOMO.
View OriginalReply0
BudgetDeFi
· 04-30 23:12
The word "capitulation" has appeared on CT almost as frequently as "gm" this year.
View OriginalReply0
GateUser-634ae966
· 04-30 10:20
This thread's quality is much higher than those who only shout "number go up."
View OriginalReply0
GateUser-94818fd0
· 04-30 05:36
Two surrender indicators resonate; those dashboards on CT indeed can't capture this.
View OriginalReply0
GateUser-5f3b30c0
· 04-30 05:26
1000x Vibes 🤑
Reply0
GateUser-b54c4913
· 04-30 05:17
To The Moon 🌕
Reply0
GateUser-b54c4913
· 04-30 05:17
Diamond Hands 💎
Reply0
ShatteredGlaze
· 04-30 02:31
Mining machine shutdown waves are often characteristic of a cyclical bottom, but the bottom can last for a long time.
View OriginalReply0
wiraa
· 04-30 00:28
Waiting for confirmation on the right side, now the player on the left side has started sharpening the knife.
View OriginalReply0
wiraa
· 04-30 00:28
Bull Run 🐂
Reply0
View More
  • Pin