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…

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