short-term holders just recorded their largest capitulation event of 2026, over 53.8K $BTC moved to exchanges at a loss in the last 24 hours, while profit-taking dropped to zero.


when selling becomes driven by fear rather than profit-taking, it often marks the transfer of supply from weaker hands to stronger ones. not a bottom signal by itself, but the type of stress that frequently appears near one.
BTC-3.6%
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