Bitcoin Capitulation: Record-Breaking Data Signals Potential Market Bottom

Recent on-chain data reveals that Bitcoin's sharp decline on Thursday, which saw its price drop to multi-month lows, may have marked a significant capitulation event. Analysts point to record-breaking spikes in metrics such as the volume of coins moved at a loss and exchange netflows as clear signs of panic selling. Historically, such extreme capitulation phases have often preceded major market bottoms, suggesting that the worst of the sell-off could be over. While short-term volatility remains likely, these indicators provide a cautiously optimistic outlook for Bitcoin's price trajectory in the coming weeks, as weak hands exit the market and long-term holders accumulate.