Bitcoin price-metric basket sees longest capitulation since FTX blow-up: Glassnode

According to Cointelegraph, Glassnode has revealed that Bitcoin is undergoing its longest capitulation phase since the FTX collapse, as indicated by its aggregate price cycle tool. The analysis shows that 45 price metrics are currently in a state of capitulation, although more significant shifts are needed to approach levels that typically signal a bottom in bear markets. Despite this prolonged capitulation, network activity has shown resilience with increased engagement among participants, particularly in transactions involving smaller amounts of Bitcoin. Read the full story at Cointelegraph . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.