‘Insane evidence’ Bitcoin has capitulated in past 2 months — analysis

Cointelegraph

Published Aug 04, 2022 08:48AM ET

Updated Aug 04, 2022 10:20AM ET

Bitcoin (BTC) is providing overwhelming evidence that it is capitulating, and it is time to flip bullish as a result, new analysis believes.

In a Twitter (NYSE:TWTR) thread on Aug. 3, Charles Edwards, CEO of crypto asset manager Capriole, revealed what he called the “The 12 Bitcoin Capitulations.”

S&P 500 returns annotated chart. Source: Charles Edwards/Twitter
Public companies’ Bitcoin holdings as of Aug. 4 (screenshot). Source: Bitcoin Treasuries
Bitcoin % supply transferred at a loss annotated chart. Source: Charles Edwards/Twitter

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