‘Someone is blowing up’ — Bitcoin sees 2022 volume record amid hopes capitulation is over

Cointelegraph

Published May 06, 2022 03:37AM ET

Updated May 07, 2022 05:40AM ET

Bitcoin (BTC) dipping below $36,000 “smells like capitulation,” one trader says as suspicion mounts over United States stock markets.

In a tweet on May 6, Cointelegraph contributor Michaël van de Poppe suggested that the BTC price was at least giving “serious signals.”

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Crypto liquidations chart. Source: Coinglass

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