Price is down over 30% from the $126K October high, now near $66K. US spot ETFs saw $410M in outflows in a single day, including $157M from BlackRock’s IBIT. Total ETF assets have shrunk from $170B to $80B as investors redeem shares. That is forced exits. Bears are calling for $40K to $50K. Bulls are calling it a reset. Capitulation events like this do not happen in the middle of calm markets. They happen near inflection points.
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Bitcoin just printed a $2.3B loss capitulation.
Price is down over 30% from the $126K October high, now near $66K.
US spot ETFs saw $410M in outflows in a single day, including $157M from BlackRock’s IBIT.
Total ETF assets have shrunk from $170B to $80B as investors redeem shares.
That is forced exits.
Bears are calling for $40K to $50K. Bulls are calling it a reset.
Capitulation events like this do not happen in the middle of calm markets.
They happen near inflection points.