Crypto traders were greeted by green markets on May 24 as the majority of altcoins saw their prices bounce back following last week's downturn that was the “largest deleveraging event since the March 2020 sell-off,” according to an on-chain report from Glassnode. After suffering the biggest monthly price drop in Bitcoin (BTC) history, bulls now look to stage a comeback with a … [Read more...] about Bitcoin bounces after weeklong ‘capitulation event’ results in $14.2B in losses
capitulation
Bitcoin’s Dip to $30k Marked the Largest Capitulation Event To Date
Bitcoin’s pullback to $30k is now the largest capitulation event to date in terms of realized lossesThe amount of realized BTC losses exceed those of March 2020, November 2018 and the January 2018 correctionRoughly 76% of Bitcoin addresses are still in profitsSelling could continue through Bitcoin miners and investors who recently bought BitcoinBitcoin’s ongoing pullback that … [Read more...] about Bitcoin’s Dip to $30k Marked the Largest Capitulation Event To Date