#Bitcoin is at its capitulation point.

Eleven indicators are signaling that we're at the best opportunity to buy the asset in the last five years.

The last time all these signals flashed was Q4 2022.

That also resonates with the current market sentiment, where nobody is interested in buying into this asset class.

That's usually the best moment to be doing so.

However, the current perpetual funding rate remains super negative.

On an annualized basis: 5%—this means shorts are paying longs.

Doesn't happen that often, as you can see, and quite often, there's a strong rally afterward.

The blue line is the 3-month futures basis: it's currently at 2-3%, the lowest since Q4 2022.

The last two times these metrics capitulated:

- March 2020 - COVID crash

- November 2022 - FTX crash

What this signals:

- There are not many leveraged longs left to be liquidated in the markets.

- Everyone who wanted to sell has sold.

That remains a spot-driven market without forced sellers, and that's what we can see in the recent inflow to the ETF: $1.5 billion since the 13th of April.

The higher the price moves, the more likely shorts are to be liquidated, and there are still a lot left, given the current funding rate status.

Essentially, the markets are the exact opposite of what they were prior to the crash, which means that I think that it won't last long from here.