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🧠 The Bitcoin capitulation checklist:
✅ Price breaks key support
✅ Miner margins crash (98% → 47%)
✅ Hashrate drops 33%
✅ BTC exchange inflows surge
✅ Transactions approach record highs
When weak hands sell and strong hands buy, ownership changes.
The question isn't whether capitulation is happening.
It's who's accumulating.