Short-Term Capitulation Hits as Bitcoin Diverges From Long-Term Value

TLDR: Bitcoin shows strong correlation with equities, placing short-term price action under macro and liquidity influence. Short-term holders sent over 94,000 BTC to exchanges at a loss, marking the largest capitulation of this correction. Options data shows negative gamma exposure, increasing the chance of sharp moves around key expiration dates. Long-term power-law valuation signals Bitcoin [...]

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