CryptoQuant Says Bitcoin Profitability Hits Record Low, Signaling Potential Capitulation
Summary
- The on-chain analytics firm CryptoQuant said Bitcoin (BTC) investor profitability has fallen to a record low.
- CryptoQuant said weak-hand investors appear to be selling Bitcoin to high-conviction buyers.
- It said this could be interpreted as a potential capitulation signal.
Forecast Trend Report by Period
Bitcoin investor profitability has fallen to its lowest level on record, signaling a potential capitulation event, according to CryptoQuant.
The on-chain analytics firm said on Aug. 14 that Bitcoin profitability had dropped to an all-time low.
CryptoQuant said weak hands appear to be selling Bitcoin to high-conviction buyers. It added that the trend could be interpreted as a potential capitulation signal.
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