Bitcoin Correction Near End As VanEck Spots Capitulation Signals

Bitcoin investors might finally see some relief soon. Market research from VanEck shows that eight out of twelve major capitulation signals are currently flashing. When these specific indicators light up, it usually means a market correction is running out of steam and a bottom is near.

A big part of this shift comes from long term holders letting go of their coins. Over the past month, these veteran investors shed roughly 356,000 Bitcoin. This wave of selling pushed their total share of the circulating supply below the 60 percent mark.

While heavy selling normally sounds scary, heavy distribution by older wallets often marks the final phase of a drawdown. Traders will want to watch order books and volume closely over the coming days to see if buyers step in to absorb the remaining supply and start a new upward trend.