Bitcoin 2021 bull market buyers ‘capitulate’ as data shows 50% losses
Bitcoin’s (BTC) spot trading below $20,000 is seeing a new “capitulation” event encompassing an entire year’s worth of buyers, research reveals.
In one of its Quicktake market updates on Sept. 29, on-chain analytics platform CryptoQuant flagged intense selling by a large number of recent hodlers.
2021 bull market coins “have been sold aggressively”
As BTC/USD lingers near levels barely seen since 2020, it is not just miners feeling the pinch.
Analyzing Bitcoin’s Exchange Inflow Spent…