$BTC IS TESTING THE LEVEL THAT COULD SIGNAL THE FINAL CAPITULATION 💀
Bitcoin just lost the 60K handle with 3.4% daily drop, triggering $104M in liquidations — 91% were longs getting crushed. MVRV for long-term holders just hit 1.24, the lowest in three years, and their average cost basis sits at 48,400. That's the line in the sand.
The descending triangle from 2021-2022 is replaying, and the RSI structure matches. If history holds, we need more time to build a base before a Q4 2026 reversal. But whales are accumulating — just not fast enough yet.
Are you waiting for 48,400 to catch the capitulation or stacking now?
Not financial advice. Always manage your risk.
#BTC #Capitulation #MVRV #LongSetup #Crypto
💎
Bitcoin just lost the 60K handle with 3.4% daily drop, triggering $104M in liquidations — 91% were longs getting crushed. MVRV for long-term holders just hit 1.24, the lowest in three years, and their average cost basis sits at 48,400. That's the line in the sand.
The descending triangle from 2021-2022 is replaying, and the RSI structure matches. If history holds, we need more time to build a base before a Q4 2026 reversal. But whales are accumulating — just not fast enough yet.
Are you waiting for 48,400 to catch the capitulation or stacking now?
Not financial advice. Always manage your risk.
#BTC #Capitulation #MVRV #LongSetup #Crypto
💎