Bitcoin STH Capitulation: Market Reset and Future Outlook
Bitcoin STH Capitulation: Market Reset and Future Outlook
Bitcoin finds itself at a pivotal moment, grappling with significant selling pressure that has pushed its price below the critical $115,000 mark. The cryptocurrency is now fiercely contesting the $110,000 threshold, a level widely regarded by investors as essential for maintaining stability in the immediate future. This sharp downturn has undeniably rattled market confidence, fostering growing unease among traders who fear a more pronounced correction should this crucial support fail to hold. The prevailing market sentiment has undergone a rapid transformation, shifting from an earlier mood of bullish optimism to one of cautious apprehension. This change is largely driven by escalating volatility and a noticeable decline in momentum. The broader cryptocurrency ecosystem has mirrored Bitcoin's trajectory, with numerous altcoins also experiencing substantial price depreciation. This current phase, characterized by consolidation and retracement, has left investors in a state of uncert…