Bitcoin Capitulation Not Yet Confirmed, Says Derivatives Expert Amid Market Volatility

A leading derivatives expert has expressed skepticism that the recent Bitcoin (BTC) price drop represents a definitive market capitulation. This key phase, often signaling a potential bottom, may not have been fully realized, suggesting continued uncertainty. The analysis points to derivatives market data, including funding rates and open interest, which lack the extreme readings typical of past capitulation events. This perspective implies that the crypto market could face further volatility before establishing a solid foundation for a new bullish cycle. Traders and investors are advised to monitor these on-chain and derivatives metrics closely for clearer signals of a true market bottom.