Bitcoin Supply Touches Bottom Discovery: Capitulation Forges New Market Floor
Quiet consolidation defines the current Bitcoin market, setting the stage for significant underlying shifts. Bitcoin's Quiet Capitulation: Is $66K A Floor Or A Leveraged Reload? Bitcoin holds the $66,500 mark, yet beneath the surface, a brutal efficiency is resetting market structure. The market's current equilibrium masks an aggressive re-accumulation by long-term holders, signaling a profound structural shift rather than merely another bounce. The latest on-chain data paints a picture of quiet capitulation, where the Bitcoin 'Supply in Profit' metric has sharply fallen to approximately 11.3 million BTC . This metric, which tracks the total amount of Bitcoin held at a profit, has plunged through the 'Psychological Inflection' and 'Liquidity Accumulation' bands, landing squarely in the 'Bottom Discovery' zone. This r...