🔽 Signs of BTC Capitulation Are Emerging
The percentage of Bitcoin's supply currently in profit has dropped to 51.4%—the lowest in over three years. This means nearly 48.6% of all BTC is now holding an unrealized loss.
According to CryptoQuant, readings below 55% have historically signaled capitulation and the start of reaccumulation phases. The last time we saw similar levels was in early 2023, when Bitcoin was trading between $16,000 and $20,000. Analysts caution against trying to time the exact bottom, noting that accumulation phases often take longer than anticipated.
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1August 18, 2026 11.7K 1