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

BTC

BTC/USDT

$63,053.26

-0.04%

$63,053.26

-0.04%

(24s)

24h Volume

$2,468,190,801.48

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,094.00

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,322.29

Resistance 1$63,626.50

Price$63,094.00

Support 1$62,999.35

Support 2$61,363.17

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

Decrypt Editorial

(11:26 AM UTC)

1 min read

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…