NewsHK
Two capitulations have passed through the current crypto cycle, and onchain analyst James Check says Bitcoin ($BTC) may have already printed its floor near $58,000.
His call is conditional but directional: the bottom is behind the market, and traders waiting for an October low are, in his reading, waiting for something that has already happened.
Check's argument draws on the two-capitulation sequence as its structural foundation.
Onchain data tracks activity settled directly on the Bitcoin blockchain rather than relying on price action alone, giving analysts a view of where realized losses and holding shifts have occurred.
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