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via Decrypt · By Decrypt Editorial

‘Intense Capitulation’ Hits Crypto as 8M BTC, Bulk of ETH Supply Sit at Loss

BTC

BTC/USDT

$79,664.99
-1.99%
24h Volume

$16,535,021,176.92

24h H/L

$81,350.00 / $78,660.00

Change: $2,690.00 (3.42%)

Long/Short
52.7%
Long: 52.7%Short: 47.3%
Funding Rate

-0.0013%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$79,622.55

-0.05%

Volume (24h): -

Resistance Levels
Resistance 3$88,315.23
Resistance 2$82,300.00
Resistance 1$79,916.17
Price$79,622.55
Support 1$78,324.21
Support 2$76,172.06
Support 3$74,131.55
Pivot (PP):$79,916.17
Trend:Sideways
RSI (14):66.3
DE
Decrypt Editorial
(11:26 AM UTC)
1 min read
MR
Reviewed byMichael Roberts

In brief

  • Bitcoin, Ethereum, and XRP investors have suffered heavy losses as the crypto market tumbles, with over 8 million BTC underwater.
  • During these capitulation phases, “future winners separate themselves from the field,” Decrypt was told.
  • Sentiment remains bearish with Myriad users giving Bitcoin’s $55,000 retest a 75% chance.

The crypto market’s 2026 drawdown, driven by Bitcoin's lackl…

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Source

Decrypt Editorial · Decrypt

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