VanEck said eight of its 12 Bitcoin capitulation signals are currently flashing, according to a post shared by Bitcoin News on X. The asset manager also said that all 12 indicators have entered capitulation territory at some point over the past three months. Even so, VanEck expects the current Bitcoin pullback to be shallower than past bear-market declines of 78% to 94%. It attributed that view to spot ETF demand, a broader base of institutional holders, and the absence of major failures like Celsius, Three Arrows Capital, and FTX. Bitcoin is currently down 49% from its peak.
VanEck said eight of its 12 Bitcoin capitulation signals are currently flashing, according to a post by Bitcoin News on X.
The firm added that all 12 signals have entered capitulation territory at some point over the past three months.
VanEck expects the current Bitcoin drawdown to be smaller than the 78% to 94% declines seen in previous bear markets. It cited spot ETF demand, a broader institutional holder base, and the lack of major failures such as Celsius, Three Arrows Capital, and FTX.
Bitcoin is currently down 49% from its peak.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
