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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

$62,746.42

-0.89%

$62,746.42

-0.89%

(24s)

24h Volume

$7,022,566,561.54

24h H/L

$63,448.00 / $62,436.59

Change: $1,011.41 (1.62%)

Long/Short

62.0%

Long: 62.0%Short: 38.0%

Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,746.41

▼ -0.63%

Volume (24h): -

Resistance Levels

Resistance 3$67,369.22

Resistance 2$65,855.08

Resistance 1$63,139.87

Price$62,746.41

Support 1$62,401.98

Support 2$60,646.31

Support 3$57,800.19

Pivot (PP):$62,775.67

Trend:Downtrend

RSI (14):48.4

Decrypt Editorial

(11:26 AM UTC)

1 min read

Reviewed byMichael Roberts

748 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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