
Capitulation signs are flashing across crypto — from Google Trends to an abrupt drop in mining difficulty and ETF-driven deleveraging. This piece diagnoses what those signals mean for a sustainable BTC market bottom and lays out a practical checklist of on-chain and macro indicators to watch.

After a rapid 40%+ decline in BTC prices, investors must separate a tactical bounce from structural capitulation. This article analyzes the timeline, on-chain signals, whale selling and exchange inflows, miner and treasury implications, and concrete rules for positioning.