Bitfinex analysts calling seller exhaustion—looks like we're entering late-stage capitulation.

Recent buyers bleeding hard: $1.35B in daily losses hit in early June. But here's the catch—the pain isn't deep enough yet to confirm a real bottom.

Macro relief is giving $BTC some breathing room, but don't mistake a selling pause for a reversal. We need actual demand to come back in, not just exhausted sellers stepping aside.

Watch for genuine bid flow. Until then, this is just a breather in a downtrend.