Market fear is increasing, but on-chain data deserves a closer look.

Around 50,000 $BTC has moved to exchanges at a loss, highlighting growing pressure on short-term holders.
However, panic selling doesn't always signal the next major decline. In previous cycles, similar capitulation phases often marked the transfer of Bitcoin from weak hands to long-term investors.
The key question now is whether institutional demand and liquidity will be strong enough to absorb this wave of selling.
Are we witnessing the final capitulation, or is the market preparing for another move lower?
#Bitcoin& #BTC #Gateio