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Bitcoin price-metric basket sees longest capitulation since FTX blow-up: Glassnode
Bitcoin (BTC) is seeing its longest capitulation since the end of the 2022 bear market, onchain analytics platform Glassnode reported on Monday.
Key points:
- 45 Bitcoin price metrics tracked by Glassnode are in their longest “capitulation” phase since the collapse of FTX in late 2022.
- Aggregate readings still have to turn colder to match areas that marked previous bear-market bottoms, says creator Rafael Schultze-Kraft.
45 Bitcoin price metrics spend 2026 in “capitulation” zone
Glassnode’s Bitcoin Cycle Position Heatmap, a composite BTC price metric overview tool, has signaled capitulation throughout 2026.
The tool, created by the platform’s co-founder, Rafael Schultze-Kraft, combines data from 45 indicators to present an overall picture of market health as Bitcoin price cycles repeat. A majority blue heatmap indicates a period of…
